On Saturday’s broadcast of Fox News Channel’s “Cashin’ In,” Fox News regular and Capitalist Pig hedge fund manager Jonathan Hoenig attributed the perceived rise in racism in the United States to the rise of collectivism, which he blamed in part on President Barack Obama.
“You know Eric, racism rises and falls with collectivism,” Hoenig said. “The country has become more collectivist, so it has become more racist. And I think many on the left, including the president – it’s like they have divided us by income now and gender, so racism is going to be the next…”
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