BACK TO THE SIXTIES – AT 8:23 A.M. ET: While the Obamans yap about "racism" in Arizona, they're giving us a good dose of reverse racism in the strangest places. From the Washington Examiner:
Who would have guessed that the Dodd-Frank financial regulation bill, scheduled for a vote in the Senate when it returns from recess, imposes race and gender employment quotas on the financial industry -- at a time the job market is stalling and economic growth is slowing?
Dodd-Frank's Section 342 states that race and gender employment ratios must be observed by all government agencies that regulate the financial sector, as well as private financial institutions that do business with the government.
According to American Enterprise Institute expert Christina Hoff Sommers, "This is going on everywhere. There are several bills pending in Congress such as Fulfilling the Potential of Women in Science and Engineering, the Paycheck Fairness Act, and now Section 342 of Dodd-Frank, that will empower a network of gender apparatchiks -- but weaken critical national institutions."
With its new Offices of Minority and Women Inclusion, Dodd-Frank is radically changing existing law from anti-discrimination, namely equality of opportunity, to quotas, namely equality of outcome. Ultimately, the only way that financial firms will be able to comply is by showing that a certain percentage of their work force is female or minority.
COMMENT: Weren't we told that Obama would be a "post-racial" president? I think I heard that. It's anything but true. We heard powerful testimony this week from a disgusted former Justice Department lawyer that Eric Holder's Justice Department will not pursue discrimination cases if they are brought by whites.
And why is it that these affirmative-action offices only boost the fortunes of certain groups – those groups popular on the political left?
All discrimination is bad, including the reverse discrimination inherent in Dodd-Frank. The sixties are back, complete with quota systems and anti-military fervor in the correct political circles. Don't you see the improvement?
July 9, 2010