August 20, 2007, - 1:19 pm
By Debbie Schlussel
Who is hardest hit by the subprime mortgage loan crisis? Americans down on their luck after succumbing to adjustable rate mortgages (ARMs)? American pensioners who invested in those loans or whose union pensions did?
If you guessed either of these, you would be wrong in the eyes of the Wall Street Journal and Reuters. Below is their screaming headline version of who the real victim is.
I hate repeating an old joke, but life keeps imitating it, and this headline is just the new contemporary, PC iteration of it:
G-d informs the leaders of the world’s nations that he will end the world tomorrow. The next day, the Wall Street Journal bears the headline, “World Ends Today, Market to Close Early.” The Jerusalem Post reads, “World Ends Today, Islamic Terrorism to End.” The Washington Post: “World to End, Women and Children Most Affected.” And the New York Times top headline: “World to End Today, Minorities Hardest Hit.”
It’s no longer a joke. We’ve seen the New York Times talk about illegal aliens being hardest hit.
But, now–for Reuters and the WSJ–it’s the Muslims:
Bottom line: Forget poor, working-class and middle-class Americans struggling to survive. Let’s worry about the real victims–kefiyeh-endowed Islamist gazillionaires eating halal shawarmeh, who might have to put one less room in their Hilton-sized castles.
Oh, and one other thing, the full story says that Dubai’s Emaar Properties owns U.S. home-building subsidiary, John Laing Homes:
Emaar’s U.S. home-building subsidiary, John Laing Homes, represented 16% of Emaar’s revenue in the second quarter. The slowing U.S. housing market was one of the reasons the Dubai developer missed analysts’ profit forecasts.
So, you know from whom NOT to buy your next home. Unless you support Dubai’s record of state-sponsored anti-Semitic and anti-Christian hate and involvement in terrorism.
Tags: Debbie Schlussel, Dubai, Emaar, home-building subsidiary, Jerusalem Post, John Laing Homes, Reuters, The Jerusalem Post, The New York Times, the Wall Street Journal, The Washington Post, United States, Wall Street Journal