What happens when you mix toxic critical race theory with progressive economics? Thanks to President Joe Biden, we may soon find out.
Under Democratic leadership, the federal government is rolling out numerous race-based economic initiatives that explicitly dole out taxpayer money along racially discriminatory lines. Here are four examples, as identified by Wisconsin Institute for Law and Liberty attorney Dan Lennington.
A nearly $10 billion Treasury Department mortgage-assistance initiative plans explicitly to favor “socially disadvantaged individuals,” essentially defined as nonwhite people, in assigning the funds.
A $1 billion Department of Agriculture initiative targeting “socially disadvantaged farmers” would specifically dole out taxpayer money “based on race and ethnicity.”
Another USDA program would spend up to $400 million to buy food from “local, regional, and socially disadvantaged farmers,” with “socially disadvantaged” once again basically standing in for “non-white.”
A $10 billion Small Business Administration credit program intends to emphasize funding businesses with nonwhite ownership.
There are too many problems with this race-based approach to federal spending to count.
For one, the legality and constitutionality of these openly discriminatory government schemes are highly dubious. Some race-based government programs such as affirmative action have, unfortunately, been upheld by courts in the past. Read more…