10/04/2008
As various commenters have been suggesting, now that the government is going to, more or less, buy up the unaffordable mortgages on all those Real Homes of Genius in California, Arizona, Nevada, and Florida, you will soon be hearing from the Establishment that ram-rodded the bailout through, and its loyal media, that the only real solution is to let in a lot more immigrants to buy up all those homes. (Of course, as soon as they step off the plane, they'll immediately qualify for all sorts of affirmative action benefits.)
Let me just point out that 50% of the foreclosures and, probably, 75% of the dollar value of foreclosures, have happened in those four high immigration states. That’s not a coincidence.
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