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America is Sick and Tired of Liberal Attacks on Ben Carson

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Jason Riley explains the latest round of liberal outrage directed at former presidential candidate and incoming HUD chief, Ben Carson. In response to criticism of Carson’s lack of experience on housing issues, Riley shoots back that it was the “experts” who have made such a mess of America’s public housing in the first place.

HUD is an outgrowth of Lyndon Johnson’s Great Society, and its original goal was to address the housing needs of America’s poor. Today, it serves as a blunt tool for social engineers who are hellbent on achieving “racial balance” in residential housing patterns—whether the intended beneficiaries want it or don’t. Surveys going back decades show that blacks and whites alike are more concerned with a potential neighbor’s income than they are with his skin color. Most people don’t have a problem with families from different racial or ethnic groups moving in next door, so long as the newcomers can afford to live there.

Polling done at the national level as well as in cities like Los Angeles, Milwaukee, Cincinnati and Omaha also reveals that a large majority of blacks strongly prefer to live in a neighborhood that is at least half black. Despite these findings, the idea that a neighborhood’s racial imbalance could be caused by something other than racial discrimination never seems to occur to the experts at HUD.

The housing expertise that Dr. Carson lacks also played a role in the housing market collapse in 2006 and the subsequent Great Recession. HUD imposed requirements on government lenders Fannie Mae and Freddie Mac to provide affordable-housing loans to low-income borrowers.

Read more here.

The War on Poverty A Report Card – Jason Riley

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.