People try to rewrite history. I get it... Obama was a great educated man with a beautiful black family. However...Umm noSome of you nikkas really get on here and just make shyt up.
And yes, Obama's weak response to the financial crisis is partly responsible for such a steep decline in black wealth
Black Wealth Cratered Under Obama
- Thread starter Poitier
- Start date
this discussion is very telling, and not in a good way.
I member when Obama was being pandered like the savior of black folks
He STILL is... I brought into it too. We were all hyped as hell at that time.
DynamoEAR
All Star
And apparently the upper echelons of black America made out like gang busters compared to everybody else.Yet every other demographic rebounded......yall cannot be this dense
That makes perfect sense why so many professional black people were on that "We ain't poor!!" bullshyt, especially last year.
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How was it weak? US was among the quickest to bounce in the western world minus some minor Nordic countries, Switzerland and kingdoms that didn't even feel it like Lichtenstein or whateverUmm no
And yes, Obama's weak response to the financial crisis is partly responsible for such a steep decline in black wealth
.Dude maxed out the credit line, certain economists said that congress should've approved a bigger bill, but that would require increasing taxes. And who stopped him from doing that? The word was keep tax cuts and we approve additional funding. I.e. if you try to stop inequality too much, you can't save anyone.
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you do realize that he'll always be this don't you?BTW
Giving a much larger stimulus to middle and lower class citizens was not an either or situation with bailing out banks and big industries or inflating the stock market.
I know some of you were lied to but the Fed can literally pump out as much money as it wants to without any repercussions given the US role in the global economy...look at China ffs.
Giving a much larger stimulus to middle and lower class citizens was not an either or situation with bailing out banks and big industries or inflating the stock market.
I know some of you were lied to but the Fed can literally pump out as much money as it wants to without any repercussions given the US role in the global economy...look at China ffs.
DynamoEAR
All Star
He put some of the main nikkas from the Clinton administration that laid a big chunk of the groundwork of the crash into top positions.Umm no
And yes, Obama's weak response to the financial crisis is partly responsible for such a steep decline in black wealth
@Poitier
My business did well. 
Black people keep working for paychecks instead of creating cash generating businesses (legal ones) and creating jobs. Someone gotta sacrifice to put people on.
Ya'll keep reading your doomsday stats, I'll keep building and maybe I'll throw a few of you a job to make me more money,
Black people keep working for paychecks instead of creating cash generating businesses (legal ones) and creating jobs. Someone gotta sacrifice to put people on.
Ya'll keep reading your doomsday stats, I'll keep building and maybe I'll throw a few of you a job to make me more money,
Also here
The middle class made more money than ever before in 2016, inflation adjusted.
US poverty rate decreasing, back to pre-crisis era.
Middle-class Americans made more money last year than ever before
Median incomes are up and poverty rate is down, surprisingly strong census figures show
Here are also graphs showing that poverty rate stopped increasing under Obama for the first time since the 90s.
But then again, why discuss these issues with people who got all their knowledge from 2 fugazi youtube documentaries.
The middle class made more money than ever before in 2016, inflation adjusted.
US poverty rate decreasing, back to pre-crisis era.
Middle-class Americans made more money last year than ever before
Median incomes are up and poverty rate is down, surprisingly strong census figures show
Here are also graphs showing that poverty rate stopped increasing under Obama for the first time since the 90s.
But then again, why discuss these issues with people who got all their knowledge from 2 fugazi youtube documentaries.
My business did well.
Black people keep working for paychecks instead of creating cash generating businesses (legal ones) and creating jobs. Someone gotta sacrifice to put people on.
Ya'll keep reading your doomsday stats, I'll keep building and maybe I'll throw a few of you a job to make me more money,
I believe firmly in Black capitalism as a way out. Especially with the internet where no one knows what you look like... get to building brands and stores breh easy money out here.