The economic affirmative action policy put in place during the Clinton administration forced banks to issue "low income (bad) loans." Wealth redistribution was the aim of this liberal policy since wealth would flow from the middle to lower class when the inevitable bailout came due. This has made the middle class poorer and the lower class richer.
The poor are not poor by accident. They either refuse to be educated, refuse to work hard, or have not been in the country long enough to build wealth. As always, anti-merit liberals favor instant gratification and social engineering by big government.