Diversity worship and multiculturalism are currency and cause for celebration at just about any college. If one is black, brown, yellow or white, the prevailing thought is that he should take pride and celebrate that fact even though, just as in the case of my eye color, he had nothing to do with it. The multiculturist and diversity crowd see race as an achievement. In my book, race might be an achievement, worthy of considerable celebration, only if a person was born white and through his effort and diligence became black.
Walter E. WilliamsMost Americans, who think Congress has a right to do anything for which they can get a majority vote, ignore the clearly written constitutional restraints on Congress.
Walter E. WilliamsIn general, presidents and congressmen have very limited power to do good for the economy and awesome power to do bad. The best good thing that politicians can do for the economy is to stop doing bad. In part, this can be achieved through reducing taxes and economic regulation, and staying out of our lives.
Walter E. WilliamsOne third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing and the Veterans Administration. Wall Street buyers of repackaged loans didn't mind buying risky paper because they assumed that they would be guaranteed by the federal government: read bailout from the taxpayers. Today's housing mess can be laid directly at the feet of Congress and the White House.
Walter E. Williams