https://www.americanthinker.com/articles/2023/02/bidens_wonderful_world_of_equity.html
February 23, 2023
Biden’s Wonderful World of ‘Equity’
By Steve McCann
Immediately after his inauguration on January 20, 2021 Joe Biden, signed an executive order placed in front of him directing the federal government to “…pursue a comprehensive approach to advancing equity for all.”
On February 16, 2023, he signed a follow-up executive order mandating that all federal agencies create teams and annual plans to insure equity within all government agencies and to utilize government programs to compel equity within the private sector.
The use of the word “equity” is a deliberate attempt to hoodwink the American public, who are fully are on board with a similar-sounding word “equality.”
Equity, unlike equality, isn’t equal access to opportunity or equal protection before the law. Equity, per the American Marxists, is the redistribution of societal status, legal protection, and economic goods (i.e., jobs and material possessions) in accordance with their politized assessment of disadvantages and demographics.
Equity, in the Marxist context, requires a clearly defined villainous group, and not coincidentally a political adversary, in order to manipulate the masses into believing that they have the best interests of the people at heart.
But first the population has to be segmented or tribalized and then indoctrinated into believing they as distinct groups have been and continue to be victimized and, thus, deserving of equal outcomes as merit or ability is immaterial.
Race is the most obvious segregator, but as 72% of the population identifies as white other categories have to be added to the oppressed list.
Women are an obvious segment to fragment and indoctrinate, as they account for 51% of the population and while only 4.5% of the citizenry, the LGBT community is a natural to be included on the oppressed list.
That leaves America with a defined oppressor class that is the undisputed villain and the Marxist’s primary political adversary: White, heterosexual men.
In 2016, 72% of White men without a college degree voted for Donald Trump. Thus, the Marxist-controlled Democrat Party repeated the century-old playbook of exploiting class conflict they instigate in order to ostracize political opposition and seize power forever.
We Must ask the question: when do white, heterosexual males find the time to oppress the rest of the citizenry?
What is the Biden grand strategy, beyond demonizing this group and imposing quotas not only in the federal government but browbeating private industry to do the same?
It is absolute folly to believe that just because someone may have the correct skin color or sexual orientation or is a member of a state-approved oppressed group, they are qualified to do any job.
This reality cannot be ignored against the backdrop of the vilification, marginalization, and discrimination against White, heterosexual males.
Primarily because of their conservative political views, the American Marxists are determined to replace them with politically correct but unqualified workers, including unskilled and barely literate armies of illegal immigrants. If they succeed, this nation will not continue to exist as an economic and military superpower.
Now you have to ask yourself, how could it get any worse. Well, hold on.
https://www.washingtontimes.com/news/2023/apr/18/joe-biden-hike-payments-good-credit-homebuyers-sub/
Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgagesTop of Form
By Dave Boyer – The Washington Times – Tuesday, April 18, 2023
Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.
The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing, and they will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments, or LLPAs.
Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees.
The new fees will apply only to Americans buying houses or refinancing after May 1.
Lenders and real estate agents say the changes will frustrate homebuyers with high credit scores and homeowners seeking to refinance because the rule punishes them for their relatively strong financial positions.
“The changes do not make sense. Penalizing borrowers with larger down payments and credit scores will not go over well,” Ian Wright, a senior loan officer at Bay Equity Home Loans in the San Francisco Bay Area, told The Washington Times in an email message. “It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing.”
He said the rule will “cause customer-service issues for lenders and individual loan officers when a consumer won’t understand why their interest rate and fees suddenly changed.”
“I am all for the first-time buyer having a chance to get into the market, but it’s clear these decisions aren’t being made by folks that understand the entire mortgage process,” Mr. Wright said.
The new fees “will create extreme confusion as we enter the traditional spring home purchase season,” said David Stevens, a former head of the Mortgage Bankers Association who served as commissioner of the Federal Housing Administration during the Obama administration.
“This confusing approach won’t work and more importantly couldn’t come at a worse time for an industry struggling to get back on its feet after these past 12 months,” Mr. Stevens wrote in a recent social media post. “To do this at the onset of the spring market is almost offensive to the market, consumers, and lenders.”
The housing market has been hit hard by a series of Federal Reserve interest rate hikes that have driven mortgage rates above 6%, roughly double the level from early 2022. The Fed has raised rates rapidly to bring down inflation, which hit a four-decade high of 9.1% last summer.
“In the wake of a 3-percentage-point increase in mortgage rates, now is not the time to raise fees on homebuyers,” Kenny Parcell, president of the National Association of Realtors, told the Federal Housing Finance Agency earlier this year.
Under the new mortgage financing rules, homebuyers with riskier credit ratings and lower down payments will qualify for better mortgage rates and discounted fees.
Federal Housing Finance Agency Director Sandra Thompson, a Biden appointee, said the fee changes will “increase pricing support for purchase borrowers limited by income or by wealth.” The agency calls the overall fee changes “minimal” and said the moves will ensure market stability.
Now I don’t know about you, but I think it is crazy to penalize people with good credit and reward someone with bad credit. Oh well, surely that is all they can do. After all, I don’t plan on selling or buying a home any time soon so why should I care?
Oh wait, you say there is another equity plan afoot that deals with people’s electric bills?
Show Me Your Paycheck, I’ll Show You Your Electric Bill
California proposes flat-rate electricity bill based on your salary.
By: Kelli Ballard April 20, 2023
Paying too much for electricity? Citizens of the Golden State may get a break on their monthly electric costs – depending on how much money they earn.
Assembly Bill 205 requires more transparency in customers’ bills while also finding a way to lower them. But what you pay will be ultimately determined by how much you earn, not solely based on how much you use.
The state’s aggressive climate control plans call for ending gasoline-powered vehicles in the next few years, which means upgrading to all-electric everywhere.
But Californians already pay one of the highest rates for electricity in the nation, and companies, such as Pacific Gas & Electric (PG&E), are trying to find funding to fix deteriorating structural issues. That’s a bit concerning for the goal of switching to electric power.
“California wants residents to swap gasoline-fueled cars and natural gas heaters for electric models,” E&E News reported. “But if power rates keep rising, it will cost more to plug in an EV at home than to fill up a gas tank, economists project.”
Right now, residents pay 36 cents per kilowatt-hour, but if the proposal is approved, the rate would go down to about 24 cents. However, the bill would be split into two parts: the reduced usage charge of 24 cents per kilowatt-hour AND the fixed-income rate, according to Kathleen Dunleavy with Southern California Edison.
California’s Electric Flat-Rate Proposal
The three major California electric companies — Southern California Edison (SCE), PG&E, and San Diego Gas and Electric (SDG&E) — are rolling out their new charges beginning as early as 2024.
SCE serves the southern part of the state with 15 million customers in approximately 50,000 square miles. PG&E has 16 million customers covering a 70,000-square-mile territory in the northern and central parts of California. And SDG&E serves 1.4 million businesses and residential customers in a 4,100- square-mile area of San Diego County and southern Orange County.
Here is the breakdown of the flat-rate plan if approved:
Yearly income of less than $28,000
- $15 for SCE and PG&E customer areas
- $24 per month for SDG&E customers
Yearly income ranges from $28,000 to $69,000
- $20 per month for SCE customers
- $30 per month for PG&E customers
- $34 per month for SDG&E customers
Yearly income ranges from $69,000 to $180,000
- $51 for SCE and PG&E areas per month
- $73 for SDG&E areas per month
Yearly income more than $180,000
- $85 per month for SCE customers
- $92 per month for PG&E customers
- $128 per month for SDG&E customers
“This approach dramatically reduces the average electric rate – the per kilowatt hour cost – that customers pay by 42% compared to today,” the SDG&E website states.
“This portion of a customer’s bill, which is mostly related to the electricity purchased from natural gas, wind and solar plants, will continue to vary based on electricity usage.”
This plan will be used for infrastructure needs while customers will still be billed for their actual power usage, although at a reduced price.
SDG&E says the plan “makes it more affordable for families to adopt electric vehicles and transition to all-electric appliances by lowering the cost of electricity.”
But will lower-income families, or even those in the middle class, be able to afford an electric vehicle?
At the end of 2022, Kelley Blue Book reported that the average price for an EV was $61,488 compared to $49,507 for passenger cars and trucks.
Batteries for these low-to-no emissions vehicles can cost anywhere from $4,000 to $20,000, plus there is a cost for using charging stations.
As Liberty Nation noted, “The EPA said there are more than 130,000 public chargers across the country. But is that even near close enough to meet demands? According to Forbes Advisor, there were 278,063,737 personal and commercial vehicles registered in the US in 2021.”
The Golden State seems to think it can meet consumer demands. SDG&E stated, “California has set an ambitious goal to become carbon neutral by 2045.
A key strategy to reach that goal is to accelerate transportation and building electrification.
Due to the drive toward electrification, household electricity will ramp up significantly in the coming years.”
So, there you have it folks. Work hard to increase your salary and credit score and be rewarded with higher mortgage rates and utility bills.
In the name of equity you will be rewarded for keeping your income low and not paying your bills. What a great plan.