If he was just referring to the words, that would be correct.
How ever, it's a group, and my understanding of the group is that their goals culminate in taking back territory lost in the Mexican-American war.
I'm not an expert on the organization. I'm more familiar with Spanish spoken, and history, of the Caribbean. But I have never heard that before.... not to say that there isn't a group whose name contains "La raza" that doesn't have that intent. The National Council however, I seriously doubt.