lets look at who the Nords are "racist" towards
The Khajit caravans.
To be fair they are drug dealers(They are all holding as it were) and more importantly the Khajit are part of the Aldmeri Dominion.Ask yourself how a Breton caravan would fair in Summerset right now.
The Argonians
The ones in Windhelm in particular
They are not allowed to live in the city because there is a large population of Dumner already there.These two groups are having issues ATM and Ulfric does not have the manpower to maintain peace between them.I am not saying the situation would blow up but the possibility is there.
the dumner
or "The house guest who would not leave" it has been around 200 yrs since the destruction of Morrowind and the subsequent curb stomping by the Argonians.The dumner have to make a decision.They claim this isn't thier fight because Skyrim isn't there home well then take back a town something anything.Go to the border step over and proclaim it Dumner territory again,if no Argonians show up take another wash,rinse repeat.If they are not willing to do so the Nords have every right to expect some support from the Dumner.They dont have to join the front lines but something anything as a show of good faith.
The Empire
All the empire has taken away from the Nords is freedom of religion,the right of self rule and the legal system not ideal (really death sentences for border crossing and gate opening)
The empire is willing to use the awesome power of the empire to defend the provinces as long as it is named Cyrodil(Ask the dumner ,orcs ,and Redguard about Imperial support when they needed it)
At least the Empire does not allow a hostile foreign power round up citizens in Imperial territories for questioning and execution.Oh wait they cant even do that
The Thalmor
No explanation neccesary
If the Thalmor consider you undesirable death squads are sent to find you where ever you hide
If the Empire considers you undesirable they take a little off the top
If the Stormcloaks find you undesirable they send two drunks to yell at you late at night
so yeah Stormcloak and Nord racism is fairly overstated but simple ideas for simple minds