One thing Obama's doing for sure is carrying forward the government's policy of affirmative action in mortgage lending.
Remember, the reason Congress forced banks to lend to "poor,
disadvantaged, non-traditional" applicants for home loans, was actually
affirmative action. They wanted to give things to blacks that white
people have to work for or merit by objective standards (my definition
of affirmative action).
So bailing out "poor, disadvantaged, non-traditional" borrowers, was
just more affirmative action, piled on top of giving them the loans in
the first place. The goal is not sound economics, or equal opportunity,
or anything except "making sure blacks have as much as whites, by any
means possible."
Giving "tax cuts" that are actually additional welfare payments to
people who don't pay taxes, is another method to achieve this aim. The
gummint will probably want a million more "community organizers,"
diversity-experts, white-haranguers, and people to run "programs for
community relations, neighborhood outreach, volunteer recruitment,
staff diversity and minority contracting," like Michelle Obama.
In other words, appeasement of blacks by stuffing them with money is
accelerating exponentially with the hugely ruinous stimulus package. It
may drive us into national bankruptcy and allow the Chinese to
foreclose on our country, but at least blacks will be appeased and
enriched.