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    Repiglican Roast

    A spirited discussion of public policy and current issues

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    I'm furious about my squandered nation.

    Sunday, September 28, 2008

    CBC Presses Republicans: Do You Agree With Bachmann’s Asssertion That ‘Minorities’ Caused Financial Crisis?

    During a Senate hearing on Thursday, Rep. Michele Bachmann pinned blame for financial crisis on President Clinton, “blacks,” and “other minorities.” To make her point, she read from an article written by Terry Jones in the right-wing publication Investor’s Business Daily. Jones criticized the Community Reinvestment Act (CRA) and said Clinton was misguided for pushing “homeownership as a way to open the door for blacks and other minorities to enter the middle class.” Watch Bachmann’s speech, followed by sharp criticism from Rep. Keith Ellison (D-MN) here.

    In a new letter to House Minority Leader John Boehner (R-OH) obtained by ThinkProgress, 31 members of the Congressional Black Caucus (CBC) call Bachmann’s claims “ridiculous” and ask Boehner whether her comments represent the views of the Republican Caucus:

    It is clear from Rep. Bachmann’s comments that she believes that the bipartisan laws enacted over the past decade ensuring that minority communities have equal access to banking and other financial services are the cause of this financial situation. […]

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