Tuesday, December 2, 2008

The Financial Crisis Hits the Immigration Debate

by David L. Wilson, MRzine
November 30, 2008

Part of the right wing routinely blames undocumented immigrants for just about everything. On September 24, nine days after the financial meltdown started in earnest, the National Review Web site carried an article by columnist and blogger Michelle Malkin blaming "illegals" for the crisis and the subsequent bailout of the banks. "The Mother of All Bailouts has many fathers," she wrote. "But there's one giant paternal elephant in the room that has slipped notice: how illegal immigration, crime-enabling banks, and open-borders Bush policies fueled the mortgage crisis."

Malkin's pieces often read like parodies of conservative punditry, and there's something distinctly comical about the idea that a few undocumented homeowners caused a multi-trillion dollar financial crisis. Less than a month after Malkin's article was posted, the Wall Street Journal showed that in fact mortgages bought by out-of-status immigrants have performed rather well. But the Malkin diatribe is a useful indication of how the immigration debate is likely to change over the next months. [...]

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