Black Wealth Cratered Under Obama

[Black Panther]

Yet every other demographic rebounded......yall cannot be this dense

lol. Going by you and @Piff Perkins logic. There should NOT be ANY economic GAPS among any groups in America yet there are...

Ehhhhh this is not really true. If it were the wealth/standards of living gaps would be closing

The rate of black wealth and the existence of a wealth gap aren't mutually exclusive.

Black wealth rises and falls along the same general trends as the rest of America; that doesn't mean that blacks hold similar levels of wealth.

Spoiler: Simple Example

Say I have four apples and you have ten apples. The government comes along and gives everyone three apples. Both our apples have risen at the same rate of three apples, but we're still not equal. I now have seven apples, but now you have 13. :bpohh:

Similarly, if the government came along after that and took five apples from everyone, you'd be good holding eight apples, but now I'm struggling with 2.

 

[Pressure]

The overwhelming majority of black folks can’t start a business. Lack of wealth, capital, etc

Most businesses fail

So no. Black people need better government way more than entrepreneurship

All black problems are not monolithic.

There are blacks who can start businesses. Most college educated blacks make enough money to start a business and should have networked enough to find investors.

There are government programs to help entrepreneurs. Look into them.

A major stumbling block for for blacks still remains a lack of educated black males. This stems from a lot of different areas, but there's still little excuse for the low reading and math proficiency we see among our children -- especially black males.

 

[Poitier]

Black wealth rises and falls along the same general trends as the rest of America[/SPOILER]

In la la land maybe. Black wealth is not rebounding. It has for other races of Americans.

 

[Lord_Chief_Rocka]

All black problems are not monolithic.

There are blacks who can start businesses. Most college educated blacks make enough money to start a business and should have networked enough to find investors.

There are government programs to help entrepreneurs. Look into them.

A major stumbling block for for blacks still remains a lack of educated black males. This stems from a lot of different areas, but there's still little excuse for the low reading and math proficiency we see among our children -- especially black males.

There are VERY FEW black folks that can start businesses

And no that’s not a major stumbling block it’s a symptom. The block is racism and a lack of loyalty from Democrats

Y’all mutherfukkers really think black people haven’t tried to do all the things y’all suggested

It doesn’t fukking matter

 

[Perfectson]

I love when people tell on themselves

pull yourself up by your boostraps or i guess you just sit and wait for some sort of hand out and complain, that's the easier route right?

 

[Easy-E]

Theoretically, you can make, obviously, a powerful argument that centuries of slavery, Jim Crow, discrimination are the primary cause for all those gaps. That those were wrongs done to the black community as a whole, and black families specifically, and that in order to close that gap, a society has a moral obligation to make a large, aggressive investment, even if it’s not in the form of individual reparations checks, but in the form of a Marshall Plan, in order to close those gaps. It is easy to make that theoretical argument. But as a practical matter, it is hard to think of any society in human history in which a majority population has said that as a consequence of historic wrongs, we are now going to take a big chunk of the nation’s resources over a long period of time to make that right.

SOURCE: ‘Better Is Good’: Obama on Reparations, Civil Rights, and the Art of the Possible

Translation: Barry Obama: reparations?

Man, fukk Barry

 

[Losttribe]

Read thru Thread....

shyts sad... Yall are sad. Obama didn't do shyt for half his people, the black half

 

[JMurder]

I member when Obama was being pandered like the savior of black folks

People saying shyt like this irks the fukk out of me

 

[Scholar]

All black problems are not monolithic.

There are blacks who can start businesses. Most college educated blacks make enough money to start a business and should have networked enough to find investors.

There are government programs to help entrepreneurs. Look into them.

A major stumbling block for for blacks still remains a lack of educated black males. This stems from a lot of different areas, but there's still little excuse for the low reading and math proficiency we see among our children -- especially black males.

This is a highly suspect post given you know , the history of our country.