Michelle Malkin is at it again, and this time she’s placing the blame on illegal immigrants for the financial crisis with WAMU. This misguided woman has taken her credibility to an all time low, which is evident by her fellow conservatives criticizing her for arguing such a far-fetched, conspiracy theory. Normally, her anti-immigrant, illogical reasoning and prejudicial ranting doesn’t phase anyone, but now, even her own party is distances themselves from her. In her most recent blog, she’s blaming the current financial crisis bailout on illegal immgrants, making fellow conservatives cringe with embarrassment.

You’ve heard a lot about Fannie/Freddie and the minority lending shakedowns, but you haven’t heard most commentators/analysts on either the left or the right talk about the massive illegal alien mortgage racket — a topic I’ve reported on for the past five years. That’s because fault lies at the feet of the crime-enabling banking industry and the ethnic lobbyists and the illegal alien-enabling Bush administration.

Malkin argues that illegal immigration may be the cause of this financial crisis, an issue she has been reporting on for the last five years. This radical argument brought out fellow conservatives such as UCLA professor Stephen Bainbridge, who comments:

“Some of my fellow conservatives are not only embarrassing themselves during the financial crisis, they’re embarrassing the rest of us who share that label.”

There’s a lot of room for legitimate criticism of the bailout and there’s a lot of room for partisan point-making to ensure that the public remembers that the Democrats bear more than their fair share of the blame for this mess, but the raving of people like Malkin and Krikorian should be taking place in a padded room in Arkham Asylum not in the public discourse.

Put simply, the freezing up of the credit markets doesn’t have anything to do with either affirmative action or illegal immigration, and people who believe it does are on a par with the conspiracy theorists who think fluoridation is a Chicom plot.” Read it here

Malkin was not the only anti-immigrant activitist speaking out about the the financial crisis. As Bainbridge referred to above, fellow commentator Mark Krikorian basically implied that the crisis is due to minority employees. Say what??

Krikorian of the Center for Immigration Studies, juxtaposed the downfall of Washington Mutual with its competitive diversity policies and programs, insinuating that minority employees were responsible for the bank’s failure. Read it here.

Bainbridge noted some interesting facts which lead to the crisis, none of which had any connection to illegal immigration or ethnic workers.

When you look at the data, it’s true that minorities are slightly over-represented in the sub-prime mortgage market. Yet, whites (non-minorities) received 72.5% of subprime mortgages. Blacks got 16.2% of subprime mortgages, which isn’t all that different from the 12.4% of the general population that blacks comprise. The Hispanics about whom Malkin is so hysterical got only 6.2% of subprime mortgages, significantly less than their 14.8% of the general population. But you don’t find an analysis of that data at blogs like those of Malkin or Krikorian.

Anti-immigrant haters such as Malkin and Krikorian must be living on another planet. Soon they will blame illegal immigration for the war in Iraq.. hmmm, I think Malkin did that already.

As I said in my earlier post, Hillary Clinton finally stepped aside and expressed her support of Barack Obama for the Democratic nomination for the Presidential Election this November ’08. It is now the beginning of the Democratic hate-fest sponsored by the Republicans.

In the news, there are numerous articles outlining the beginning stages of the hate wheel rolling all over Obama. For instance, right wing social conservative Fox News headlines that “Johnson Steps Down From Obama VP Team, Marking First General Election Casualty” falsely implying that Johnson, who was on the team Obama is using to vet for his vice president candidate, is somehow plays a bigger role than that. Apparently, by keeping Johnson on the team would indicate that Obama is hypocritical and by getting rid of him, Obama is caving into pressure. I appreciate Obama’s honest response that in this campaign – there’s no time to vet the vetters, especially in this writer’s opinion, there are so many important issues facing America. Nonetheless, there’s no stopping Fox New’s residential hate bomber, Michelle Malkin, from name-calling, innuendos and all around attacking Obama for being “best friends” with Johnson, and through some unnamed sources has managed to get special treatment in one loan in 1998. No revelation of sources, just lots of hating. There’s no winning with these Obama haters.

Another FOX News headline, “Does Obama Really Not Mind High Gas Prices (As Observed by GOP)?” stating that Obama believes that America should shoulder the high costs of oil, when in actuality, he is stating that it should be a gradual increase. John McCain’s campaign has ignored the fact that they just voted for Big Oil profits and their cronies in the White House want to increase the supply of oil, making prices lower, but at the same time, increasing America’s dependence and consumption of oil. Is that really a solution to the problem? Leave it to Fox News to distort and twist the truth. At least Obama is looking for a long term solution to ease America from its dependence and focus on green alternatives and alternative fuels. Where are the right wing conervatives’ solutions? Oh right, they want to reduce gas prices by a few cents, thereby giving them the sound bite to declare they have the people’s interest at heart.

To further distort and spread lies, Malkin has gone on air and called Barack Obama’s wife, Michelle, “Obama’s bitter half.” This is based on Michelle Obama’s comments about how she’s never been so proud of America as she is now. While her husband’s people quickly clarified her statement to mean that she’s proud of the way America has responded to this election year, with record turn outs from young voters and minority voters – Malkin did not miss an opportunity to dispense her hate bombs in the foray to advance her own agenda. Malkin constantly picks on peripheral issues and take things out of context to advance her own neo-nazi conservative voice.

In case you have not heard some of her arguments, here’s a sample -she thinks the Japanese internment was not only justified, but was also necessary in the name of national security. Another issue? Lets deport illegal immigrants, even those who may have professional degrees and lived in the United States for decades, even those who have paid their taxes and have United States citizen children – all in the name of national security. Oh, and she also believed the John Kerry, back in the 2004 election, had shot himself intentionally while in the Vietnam War so that he could undeservingly receive the three purple hearts. All from either unnamed sources, or sources that have since recanted, and further hateful allegations.

I digress. Now it’s just between Barack Obama and John McCain, but don’t think that it will be a clean fight from hereon. Better take off those kiddie gloves because the smear campaign has only just begun.