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Right-Wingers calling for boycott of GM

Right-Wingers To Boycott GM? | TPMDC

The Detroit Bureau reports that an idea seems to be picking up some cachet on the right-wing blogs and in talk radio: Fighting the "Government Motors" bailout by boycotting the company. Most of it so far is limited to relatively little-known writers, but two big names have picked up on it: Hugh Hewitt, who wants to save free enterprise -- and Rush Limbaugh, who wants anything President Obama does to fail, and is urging his listeners to help push towards that goal.

"In the effort to reverse this lurch beyond the farthest left fringe of previous Democratic statist urges, individual Americans have a role to play. They have to say no to GM products and services until such time as the denationalization occurs," says Hugh Hewitt. He acknowledges that this is a serious step that could hurt people currently working for GM: "But there isn't any alternative, every dollar spent with GM is a dollar spent against free enterprise. Every car or truck purchased from Government Motors is one not purchased from a private car company that competes fairly against all other car companies."

Where Hewitt makes his point as a seemingly reluctant and composed agitator, Rush Limbaugh makes no bones about what he wants in his own praise of the idea. The most amazing thing here is that Limbaugh appears to be openly admitting that the purpose of this is economic and political sabotage -- to prevent President Obama from succeeding at something. . . .

Wow, what a hugely dick move this is. And aren't these the same people who've talked about how boycotts are unfair and unamerican and wrong and so on?

June 07, 2009

Wells Fargo loan officers admit to targetting working-class blacks, pushing them into worse loans

Bank Accused of Pushing Mortgage Deals on Blacks - NYTimes.com

This is a must-read, especially if you have friends or family members who insist the banks were the victims of greedy poor people.

As she describes it, Beth Jacobson and her fellow loan officers at Wells Fargo Bank “rode the stagecoach from hell” for a decade, systematically singling out blacks in Baltimore and suburban Maryland for high-interest subprime mortgages.

These loans, Baltimore officials have claimed in a federal lawsuit against Wells Fargo, tipped hundreds of homeowners into foreclosure and cost the city tens of millions of dollars in taxes and city services.

Wells Fargo, Ms. Jacobson said in an interview, saw the black community as fertile ground for subprime mortgages, as working-class blacks were hungry to be a part of the nation’s home-owning mania. Loan officers, she said, pushed customers who could have qualified for prime loans into subprime mortgages. Another loan officer stated in an affidavit filed last week that employees had referred to blacks as “mud people” and to subprime lending as “ghetto loans.”

. . .

The New York Times, in a recent analysis of mortgage lending in New York City, found that black households making more than $68,000 a year were nearly five times as likely to hold high-interest subprime mortgages as whites of similar or even lower incomes. (The disparity was greater for Wells Fargo borrowers, as 2 percent of whites in that income group hold subprime loans and 16.1 percent of blacks.)

June 06, 2009

The life of a jet repo man is always intense

The Lear Jet repo man | Salon News

All commercial and private planes were grounded, but Nick Popovich wasn't one to turn down a job. So he waited for the storm to clear long enough to charter a Hawker jet from Chicago into South Carolina. There was just one detail: No one had told Popovich about the heavily armed white supremacist militia that would be guarding the aircraft when he arrived.

But then again, no one had told the militia about Popovich, a brawny and intimidating man who has been jailed and shot at and has faced down more angry men than a prison warden. When Popovich and two of his colleagues arrived that evening at a South Carolina airfield, they were met by a bunch of nasty-looking thugs with cocked shotguns. "They had someone in the parking lot with binoculars," Popovich says, recalling the incident. "When we went to grab the plane, one of them came out with his weapon drawn and tells us we better get out of there." Undeterred, Popovich continued toward the plane until he felt a gun resting on his temple. . . .