Everyone makes fun of Indian people! Especially Indian people!
Seriously, though, I'm fine of making fun of other races in jest as long as you can take your own race getting poked fun at. All the Indians I know (I go to the 18th best high school in the US, Indians are slowly becoming a majority) make fun of their heritage. It's not out of disrespect or anything; they simply have a sense of humor.
Also, no, that isn't the 50's. They meant every word they said in the 50's. Sometimes people are overly sensitive, something I think you're being, but the crap that blacks dealt with for centuries in America was nothing like what you're talking about, and it's almost impossible to be overly sensitive in that case. This is coming from a Southern white boy, by the way.
