This is what I understood from pages 114-116 on racial formation:
-large setbacks in the Americas in the 70's due to the economy had racial contexts
-deindustrialization caused a lot of job losses and caused jobs to move from the frostbelt to the sunbelt, moving from the north into the south
-inflation increased as salaries became stagnant and as prices went up, things became more expensive
-America's position as a national and international and economic power was dwindling
-America blamed japan for unfair foreign competition and was racist towards them for doing what they had to do, antagonistic racism towards them also based on World War II
-people depended on welfare, but so many people were on welfare that the taxpayers who payed for it did not want to pay for it anymore
-immigrants receive an unfair amount of criticism for taking the jobs of the whites; now the whites are the victims of so called discrimination
So the main basis of reaction towards political and economic issues was race and it always seemed to be tied into it. In order to justify what was going on, they had to bemoan and put race in as a factor when it wasn't true.
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