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BLAST THE RIGHT

116 - Federal Home Loan Racism / Bush, Hannity Tax Lies / American Revolutionary War...Commie? / Good News On Electronic Voting / Listener Email

BLAST THE RIGHT

Jack Clark

Cnn, Government & Organizations, Kcrw, Coulter, President, Hartmann, Bush, Politics, Abc, Limbaugh, Fox, Randi, Npr, Morning, Comedy, Slate, Christian, Story, Reilly, Majority, Cbs, Conservative, Liberal, Nbc, News & Politics, Bill, Sean, Spirituality, Al, Religion & Spirituality, Franken, Maher, Newsweek, Rush, Obama, Society & Culture, O, Democracy, Sedition, Day, Rhodes, Hannity

4.72.6K Ratings

🗓️ 7 February 2008

⏱️ 31 minutes

🧾️ Download transcript

Summary

Today I've definitely got a full smorgasbord for you, with five tasty dishes, the kind you like best:How federal government discriminatory home loan practices worsened the Black-White wealth gapAudio clips of Bush and Hannity lying about taxes, plus Hannity lying about Ronald Reagan's recordA physician listener corrects a mistake I made on health care, and a Canadian listener can't understand

Transcript

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0:00.0

I'm your host Jack Clark, great to have you on board.

0:27.9

Today I've definitely got a full smorgasbord for you with five tasty dishes the kind you like best.

0:34.9

How Federal Government Racism worsened the Black White Wealth Gap.

0:38.9

Bush and Hannity Lie about taxes, Reagan's record.

0:42.9

Listen a email on health care, American Revolutionary War, commies, and good news on the electronic voting machine front.

0:50.9

Let's get right into it.

0:52.9

First up, the Federal Government's key role in worsening the Wealth Gap between Black and White Americans.

0:58.9

My sources here are, a study by two Oregon State University professors Jonathan Kaplan and Andrew Vals,

1:04.9

published in Public Affairs Quarterly, the website of Oregon State University, the Oregonian newspaper, and Answers.com.

1:13.9

Did you know that the median net worth, the amount of net worth half of families have more than and half have less than,

1:19.9

the median net worth of white families is about $121,000, and of Black families $19,000.

1:28.9

White family median net worth is over six times that of African-American families.

1:34.9

The right-wing myth is that over the last several decades, African-Americans have gotten a fair shake,

1:39.9

and that racial wealth disparities are due to shortcomings in African-Americans are the fault of the African-American community itself.

1:47.9

Now, you'll have a good reply to that propaganda.

1:51.9

Let me tell you about the real reason for a good portion of the Wealth Gap.

1:55.9

You need a little background.

1:57.9

Before Franklin Delano Roosevelt's administration, to buy a home, you needed about a 50% down payment,

2:04.9

and the loan had to be repaid in a relatively short period of time, about five years.

2:09.9

50% down to be repaid over five years?

2:13.9

Few young or middle-income Americans could afford to buy a home.

2:17.9

Then, FDR pushed through over hysterical right-wing opposition, the New Deal.

...

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