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Some folks think affirmative action type programs are reverse discrimination. Some think they're good at providing opportunities to people who don't get them by circumstance. Or, it could be that the white folks are trying to make everyone forget the oppression they created in the first place by throwing minorities a bone and implementing affirmative action. It's certainly the best way to maintain the status quo without saying, "Hey, we deserve this more than you, but we don't want you to make a fuss about it."
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History has proven that throwing money at people who complain will not solve problems. It's socially equivalent to treating the symptoms, not the cause. One's life does not begin when they go to college; the "opportunity" with which minorities should be endowed should come at earlier stages in their life. If they are not qualified by the time they get to college to, in fact, attend college without a preference because of their race, they should not be admitted. This is not to say, however, that programs during the FIRST (get it?) stages of their education would be out of line or innefective.
It comes down to this: Racism is not about money anymore unless you are someone like Jessie Jackson; it is about a deep-seeded social divide that is perpetuated by those who seek to CONTINUE to derive power from its propagation (Jessie Jackson).