Patel Motel Cartel Or American Dream?—Trump Has Made His Decision!
The Trump Administration has stopped the Small Business Administration from giving government-backed loans to immigrants. Axios Magazinesays this could “could spell further trouble for the economy”—by which they mean the American economy.
The Trump administration has effectively blocked all non-citizens from the federal government’s small business loans, which could spell further trouble for the economy. https://t.co/izuoVyCEq9
Here’s how it hurts the American economy, according to Axios, or rather, according to Chinese-American professor Axios asked:
Xi Huang, a professor at the University of Central Florida studying local immigration policymaking, said that “the added exclusion of legal permanent residents from accessing SBA-backed loans further constrains their growth and expansion potential and could also threaten immigrant-owned small businesses’ survival.”
“Ethnic entrepreneurs own a substantive portion of Main Street businesses, which are backbones of our neighborhoods, providing everyday services,” she said. “The new policy can substantially limit the services the average American can patronize every day.”
On the other hand, the Trump way would substantially limit the immigrant competition the average American businessman faces—and provide jobs for Americans rather than immigrants. (Immigrant owned businesses almost always hire other immigrants as staff.)
And you learn about these programs being cancelled, the average person wonders why they were ever a thing in the first place.
Most people have never heard of this SBA program and others like it—and they only know about it when (A) Trump cancels it, and (B) the Democrats try to defend it.
“The Trump administration is stoking the flames of hatred, spreading fear and confusion among immigrants and small business owners. Rather than support hard-working legal immigrants to start or expand a business, the Trump SBA is choosing hatred by barring green card holders from receiving an SBA loan. The Administration’s message to immigrants is clear: you are not welcome to pursue the American Dream,” said Ranking Members Markey and Velázquez.
Yes, fair enough. Maybe they could try pursuing the “Indian Dream”, or the “Mexican Dream”.
It’s amazing that’s even controversial—in July 2016, before the first Trump victory, the NY was complaining bitterly that Trump thought the American Dream should be for Americans:
More forcefully than he had before, Mr. Trump said he would also impose new restrictions on legal immigration to protect American workers from lower-paid competition in the labor market.
Under his presidency, the American dream would be primarily reserved for Americans.
I know, because I’ve been writing about it for years, that SBA has been giving priority loans specifically to Indian entrepreneurs owning motels and other small businesses since the 1990s.
The motel owners are mostly of one Indian caste, the Patels, who have been innkeepers and businessmen in India for centuries. There are 150.000 of them in the US, and the SBA has, for many years, treated them as an American ethnic minority for Affirmative Action loans. In a 1995 Forbes story, author Joel Millman wrote:
Nor were the immigrants shy about cashing in on U.S. affirmative action programs. Though in no sense disadvantaged, Patels qualified as a “minority” and tapped below-prime financing offered by the Small Business Administration. [Emphasis added]
Note: this only applies because they’re non-white immigrants.
If your ancestors had spent hundreds of years running inns in rural England, or Gasthauses in the Alps, you’d be out of luck. But under the Trump SBA, the benefits are intended for Americans, not Green Card holders:
If you think it’s odd that the US Government would give sometimes multi-million dollar loans to foreigners on visas that can be revoked anytime they break certain rules, I’ll remind you that prior to the world-wide financial crisis of 2008, both banks and government were all for giving mortgages to deportable illegal aliens:
Would You Give A Mortgage To A Deportable Illegal Alien? How About An Escaped Convict? by James Fulford
I said that happened prior to the world-wide financial crisis of 2008, it more or less caused said crisis.
However, in the second Trump Administration, this is one more example of the idea, which Americans voted for, that the American Dream is really for Americans:
James Fulford has been writing about the national question for over 20 years, mostly for VDARE.com, more recently for WhitePapers. Subscribe to his personal Substack here.
