Completely agree with your statement. But undoing this would have been political suicide at that point. Bush would have been cast as a racist denying access to minorities.
What I contend is that it was a poorly conceived plan. It only looked at the moment and never looked out to the potential consequences.
I saw this same logic used when Ted Kennedy talked about cutting incentives to Student Loan Providers. His logic was “we’ll take from the student loan providers and create grants for students and it won’t cost the taxpayers money.” It never works that way. Loan providers exited the market cut incentives and both students and the US taxpayer were both worse off
The ideology is off. It is paved with good intentions but it is off. It is not governments role to redistribute wealth.
