Black Wealth Cratered Under Obama

[DynamoEAR]

It's 2017 and nikkas still saying Obama couldn't do anything....

I swear man, when will nikkas learn that just because someone is Black doesn't mean you have to kiss their ass...

Everyday Trump supporters is telling him to go fukk himself...these motherfukkers don't give a fukk about Trump, his presidency, his life...but they want that cac to do something to help them, even if it is illegal...

But nikkas actually care about Obama...

It's a sad that racist ass Lyndon B. Johnson did more for Black people, spoke up more for Black people then a Black person...


And you know what, that what it means for Black people to be in power...cause these nikkas that be in power ain't from where most nikkas from.

Obama was a rich ass biracial child of an immigrant and a cac slut...he didn't know what it is like to actually be Black American like people that actually have roots in the USA...

You can tell because this nikka said, I ain't the President of Black America when nikkas said well what you gonna do...

How the fukk do nikkas let a motherfukker that they put in the White House...tell them some shyt like that...

At least Trump through together a half assed plan for Black America just to save some face....


This nikka give us the

And yet nikkas still were


We had Black people terrorized and shot down in the streets and in churches and didn't do shyt...

The Recession came and we still haven't recovered and he didn't do shyt...

But nikkas still caping...

I don't think it's fair to say he didn't do anything. His mindset is a mix of Booker T Washington and Edward Brooke.

 

[Pressure]

Rich black people are no different from Rich White people...both capitalists and both exploit the lower classes...which are predominantly Black...

fukk 'em both....

What the fukk does a Rich Black person do for me that a Rich White person don't.....

What the fukk does a Rich Black person have to do with Black people not being a impoverished...


nikkas really think that there is some Rich Black Superman outchea that is actually gonna give a fukk...


Oprah ain't taking lead water out of Flint...

The difference is they are black.

You just come across as lazy to me.

 

[AlainLocke]

Can't help your own without capital. As long as Black business owners treat their Black employees right, give them insurance and dental, vacation and days off why are you mad?

Yo...

Yo...

See this is why Black people fail at politics...

The rest of the world doesn't operate like this because they realized that having your private life controlled by your employer is fukking retarded...Europe doesn't have this shyt and those of us that aren't interested in being Black capitalist dictators want things that the modern world has like Universal Healthcare and government mandated vacation time...

nikkas really trying to be on some Black slave master shyt and wanna dictate the lives of Black people...
.
I wouldn't want your Black ass determining my insurance, vacation time and sick days just like I wouldn't want a White person...

 

[DynamoEAR]

Obama was a fukking sellout. I’ve been preaching this since the second year of that c00ns presidency.

Hopefully Michelle will become president one day and make things right again.

She has the exact same mindset as Barack!
Get it together bruh.

 

[AlainLocke]

The difference is they are black.

You just come across as lazy to me.

No I am just not a fukking dumbass liberal that think Rich Black people will treat Black people any better than Rich White people would...

"Well the problem isn't capitalism, a system that exploits the poor and the workers...the real issue is...we don't have any rich Black people....that can exploit the poor and the workers..."

That's a Black liberal for you...


This is why that some of you have any successful politics that improve the conditions of Black people will have to forcibly removed...

Yall nikkas are no different than White people and actually even worse....cause yall are double the gleeful ignorance...

 

[Arithmetic]

Obama was a fukking sellout. I’ve been preaching this since the second year of that c00ns presidency.

Hopefully Michelle will become president one day and make things right again.

Why since the second year?

 

[Pressure]

Might as well put this in here before the Obama didn't do anything for black people echo chamber becomes deafening.

• The unemployment rate for African Americans peaked at 16.8 percent in March 2010, after experiencing a larger percentage-point increase from its pre-recession average to its peak than the overall unemployment rate did. Since then, the African-American unemployment rate has seen a larger percentage-point decline in the recovery, falling much faster than the overall unemployment rate over the last year.
  
  
• The real median income of black households increased by 4.1 percent between 2014 and 2015.
  
  
• The President enacted permanent expansions of the Earned Income Tax Credit and Child Tax Credit, which together now provide about 2 million African-American working families with an average tax cut of about $1,000 each.
  
  
• A recent report from the Census Bureau shows the remarkable progress that American families have made as the recovery continues to strengthen. Real median household income grew 5.2 percent from 2014 to 2015, the fastest annual growth on record. Income grew for households across the income distribution, with the fastest growth among lower- and middle-income households. The number of people in poverty fell by 3.5 million, leading the poverty rate to fall from 14.8 percent to 13.5 percent, the largest one-year drop since 1968, with even larger improvements including for African Americans, Hispanic Americans, and children.
  
  
• The poverty rate for African Americans fell faster in 2015 than in any year since 1999. While the poverty rate fell for across all racial and ethnic groups this year, it fell 2.1 percentage points (p.p.) for African Americans, resulting in 700,000 fewer African Americans in poverty.
  
  
• African American children also made large gains in 2015, with the poverty rate falling 4.2 percentage points and 400,000 fewer children in poverty.

Health

• Since the start of Affordable Care Act's first open enrollment period at the end of 2013, the uninsured rate among non-elderly African Americans has declined by more than half. Over that period, about 3 million uninsured nonelderly, African-American adults gained health coverage.
  
  
• Teen pregnancy among African-American women is at an historic low. The birth rate per 1,000 African-American teen females has fallen from 60.4 in 2008, before President Obama entered office, to 34.9 in 2014.
  
  
• Life expectancy at birth is the highest it’s ever been for African Americans. In 2014, life expectancy at birth was 72.5 years for African-American males and 78.4 for African-American females, the highest point in the historical series for both genders.

Education

• The high school graduation rate for African-American students is at its highest point in history. In the 2013-2014 academic year, 72.5 percent of African-American public high school students graduated within four years.
  
  
• Since the President took office, over one million more black and Hispanic students enrolled in college.
  
  
• Among African-Americans and Hispanic students 25 and older, high school completion is higher than ever before. Among African Americans, Hispanics, and Asian students 25 and older, Bachelor’s degree attainment is higher than ever before. As of 2015, 88 percent of the African-American population 25 and older had at least a high school degree and 23percent had at least a Bachelor’s degree.

Support for HBCUs

• The U.S. Department of Education (ED) is responsible for funding more than $4 billion for HBCUs each year.
  
  
• Pell Grant funding for HBCU students increased significantly between 2007 and 2014, growing from $523 million to $824 million.
  
  
• The President’s FY 2017 budget request proposes a new, $30 million competitive grant program, called the HBCU and Minority Serving Institutions (MSIs) Innovation for Completion Fund, designed to support innovative and evidence-based, student-centered strategies and interventions to increase the number of low-income students completing degree programs at HBCUs and MSIs.
  
  
• The First in the World (FITW) program provided unique opportunities for HBCUs to compete for grants focused on innovation to drive student success.
  
  
• In 2014, Hampton University received a grant award of $3.5 million.
  
  
• In FY 2015, three FITW awards were made to HBCUs, including Jackson State University ($2.9 million), Delaware State University ($2.6 million) and Spelman College ($2.7 million).
  
  
• While Congress did not fund the program in fiscal year 2016, the President’s 2017 budget request includes $100 million for the First in the World program, with up to $30 million set aside for HBCUs and MSIs.

Criminal Justice

• The incarceration rates for African-American men and women fell during each year of the Obama Administration and are at their lowest points in over two decades. The imprisonment rates for African-American men and women were at their lowest points since the early 1990s and late 1980s, respectively, of 2014, the latest year for which Bureau of Justice Statistics data are available.
  
  
• The number of juveniles in secure detention has been reduced dramatically over the last decade. The number of juveniles committed or detained, a disproportionate number of whom are African American, fell more than 30% between 2007 and 2013.
  
  
• The President has ordered the Justice Department to ban the use of solitary confinement for juveniles held in federal custody. There are presently no more juveniles being held in restrictive housing federally.

My Brother’s Keeper

• President Obama launched the My Brother’s Keeper initiative on February 27, 2014 to address persistent opportunity gaps faced by boys and young men of color and ensure that all young people can reach their full potential.
  
  
• Nearly 250 communities in all 50 states, 19 Tribal Nations, Washington, DC and Puerto Rico have accepted the President’s My Brother’s Keeper Community Challenge to dedicate resources and execute their own strategic plans to ensure all young people can reach their full potential.
  
  
• Inspired by the President’s call to action, philanthropic and other private organizations have committed to provide more than $600 million in grants and in-kind resources and $1 billion in low-interest financing to expand opportunity for young people – more than tripling the initial private sector investment since 2014.
  
  
• In May 2014, the MBK Task Force gave President Obama nearly 80 recommendations to address persistent opportunity gaps faced by young people, including boys and young men of color. Agencies have been working individually and collectively since to respond to recommendations with federal policy initiatives, grant programs, and guidance. Today, more than 80% of MBK Task Force Recommendations are complete or on track.

Advancing Equity for Women and Girls of Color

• In 2014, the Council on Women and Girls (CWG) launched a specific work stream called “Advancing Equity for Women and Girls of Color” to ensure that policies and programs across the federal government appropriately take into account the unique obstacles that women and girls of color can face. In fall 2015, CWG released a report that identified five data-driven issue areas where interventions can promote opportunities for success at school, work, and in the community.
  
  
• This work has also inspired independent commitments to advance equity, including a $100 million, 5-year-funding initiative by Prosperity Together—a coalition of women’s foundations—to improve economic prosperity for low-income women and women and girls of color and a $75 million funding commitment by the Collaborative to Advance Equity through Research—an affiliation of American colleges, universities, research organizations, publishers and public interest institutions led by Wake Forest University—to support existing and new research efforts about women and girls of color.
  
  
• At the United State of Women Summit in June 2016, eight organizations launched “Young Women’s Initiatives,” place-based, data-driven programs that will focus in on the local needs of young women of color. Those organizations include the Women’s Foundation of Minnesota, the Women’s Foundation of California, the Women's Foundation for a Greater Memphis, the Washington Area Women’s Foundation, the Dallas Women’s Foundation, the Women’s Fund of Greater Birmingham, the Women’s Fund of Western Massachusetts, and the New York Women’s Foundation.

Small Business

• There are 8 million minority-owned firms in the U.S.—a 38% increase since 2007.
  
  
• In early 2015, the U.S. Small Business Administration (SBA) launched the MBK Millennial Entrepreneurs Initiative, which seeks to address the challenges faced by underserved millennials, including boys and young men of color, through self-employment and entrepreneurship. A major component of this effort included the six-part video series, titled “Biz My Way,” which encourages millennials to follow their passion in business.
  
  
• In fiscal year 2015, underserved markets received 32,563 loans totaling $13 billion, compared with 25,799 loans and $10.47 billion in fiscal year 2014, an increase of 26 percent in number of loans and 24 percent in dollar amount.
  
  
• Last year, the SBA issued a new rule that makes most individuals currently on probation or parole eligible for a SBA microloan—a loan of up to $50,000 that helps small businesses start up. And in August 2016, SBA together with the W.K. Kellogg Foundation and Justine Petersen, launched the Aspire Entrepreneurship Initiative, a $2.1 Million pilot initiative to provide entrepreneurship education and microloans to returning citizens in Detroit, Chicago, Louisville and St. Louis.

Civil Rights Division

• The Department of Justice’s Civil Rights Division continued to enforce federal law. Over the last eight years, the Division has vigorously protected the civil rights of individuals in housing, lending, employment, voting, education, and disability rights and through hate crimes and law enforcement misconduct prosecutions and law enforcement pattern and practice cases.

African-American Judicial Appointees

• President Obama has made 62 lifetime appointments of African Americans to serve on the federal bench.
  
  
• This includes 9 African-American circuit court judges.
  
  
• It also includes the appointment of 53 African American district court judges—including 26 African-American women appointed to the federal court, which is more African-American women appointed by any President in history.
  
  
• In total, 19% of the President’s confirmed judges have been African American, compared to 16% under President Bill Clinton and 7% under President George W. Bush.
  
  
• Five states now have their first African-American circuit judge; 10 states now have their first African-American female lifetime-appointed federal judge; and 3 districts now have their first African-American district judge.
  
  
• Also, the President appointed the first Haitian-American lifetime-appointed federal judge, the first Afro-Caribbean-born district judge, the first African-American female circuit judge in the Sixth Circuit, and the first African-American circuit judge on the First Circuit (who was also the first African-American female lifetime-appointed federal judge to serve anywhere in the First Circuit).
  
  
• The President is committed to continuing to ensure diversity on the federal bench. This year, the President nominated Myra Selby of Indiana to the Seventh Circuit, Abdul Kallon of Alabama to the Eleventh Circuit, and Rebecca Haywood of Pennsylvania to the Third Circuit. If confirmed, each of these would be a judicial first—Myra Selby would be the first African-American circuit judge from Indiana, Abdul Kallon would be the first African-American circuit judge from Alabama, and Rebecca Haywood would be the first African-American woman on the Third Circuit.In addition, two of the President’s district court nominees—Stephanie Finely and Patricia Timmons-Goodson—would be the first African-American lifetime-appointed federal judges in each of their respective districts, if confirmed.

 

[Pressure]

No I am just not a fukking dumbass liberal that think Rich Black people will treat Black people any better than Rich White people would...

"Well the problem isn't capitalism, a system that exploits the poor and the workers...the real issue is...we don't have any rich Black people....that can exploit the poor and the workers..."

That's a Black liberal for you...


This is why that some of to have any successful politics that improve the conditions of Black people will have to forcibly removed...

Yall nikkas are no different than White people and actually even worse....cause yall are double the gleeful ignorance...

you live in America. Either get with the shyt's or don't. Whining about how capitalism is a flawed system isn't increasing black wealth. Sitting by musing over a communist America that is never going to happen also isn't increasing black wealth.

Let's not lose focus either. The continued conversation about increasing black wealth is about having the capital to create change through lobbying as well as attempting to undo the harms of white supremacy.

 

[AlainLocke]

Just cause you are poor doesn't mean that there doesn't exist a black middle class.
The median black household income in the DC area (not city) is 64k; above the national median income, Atlanta close to 50k slightly in line with the median. Homeowners in Atlanta is also pretty solid and increasing, college graduates increasing, health insured increasing and it goes on. As I've said before, it's the poor who are getting left behind. With us, the percentage of poor people is too high and nothing is really happening. Having Obama during a recession, then just when he's done get Trump to ride out his boom was like the worst possible scenario for that bottom 25.

"On one hand, the percentage of African Americans making at least $75,000 annually more than doubled from 1970 to 2014, to 21 percent. Those making $100,000 or more nearly quadrupled. By contrast, Black America with income below $15,000 declined by only four points, from 26 to 22 percent. And the unemployment rate for African Americans overall is virtually the same as it was when the civil rights movement ebbed circa 1970;"

Income isn't Wealth...this is basic economics....


Black people are not middle class there is no Black middle class....

If the Black people median wealth can hit zero in less than 50 years...how can there be a middle class....

Got damn it's like nikkas don't understand basic ass shyt....
Forbes Welcome


Income isn't fukking wealth....your class status isn't determined by income. Income is meaningless when it comes to wealth...

White people have a middle class, Asians have a middle class...everyone else don't...

 

[Hiphoplives4eva]

Why since the second year?

When he went to Africa (the one time he did), and told them to stop blaming the white man, I knew he was a c00n sellout at that moment.

People called me a militant at that time. I ultimately was proved right. Dude was nothing but a sellout bought out by gays to program blacks and promote the gay agenda.

 

[Pressure]

Income isn't fukking wealth....your class status isn't determined by income. Income is meaningless when it comes to wealth...

White people have a middle class, Asians have a middle class...everyone else don't...

so you're saying the money that comes from my income that goes into my investments isn't generating wealth.

 

[Perfectson]

Why not...White presidents done it....

Some of us obviously weren't paying attention in USA History class...

mind telling me in your life time, what white only laws were passed? i mean if we are going to be dense about the discussion then there's nothing left for us to have a dialogue about....

 

[AlainLocke]

you live in America. Either get with the shyt's or don't. Whining about how capitalism is a flawed system isn't increasing black wealth. Sitting by musing over a communist America that is never going to happen also isn't increasing black wealth.And

Let's not lose focus either. The continued conversation about increasing black wealth is about having the capital to create change through lobbying as well as attempting to undo the harms of white supremacy.

Wealth is built by social programs...not by businesses....

And you are such an idiot liberal...

"Well you know...labor laws won't change if you just keep complaining about it...why don't you just open your own business..."

"Well you know...discrimination laws won't change if you just complaining about it...why don't you just open your own establishment..."

"Well you know...the raising costs of tuition won't change if you just keep complaining about it...why don't you just teach yourself..."

"Well you know...the raising income inequality won't change if you just keep complaining about it...why don't you just get a better job..."

"Well you know...police brutality won't change if you just keep complaining about it...why don't you just create your own police force..."

This is why Black liberals need to go way...the most terrible segment of Black society right here...

If it was up to yall nikkas we would still be sharecroppers...

 

[AlainLocke]

so you're saying the money that comes from my income that goes into my investments isn't generating wealth.

I don't think you know what fukking class is...


Got damn the idiocy of the Black liberal...thinking income is wealth...

What do you think is the median wealth of the Black family in the USA...

 

[Pressure]

If it was up to yall nikkas we would still be sharecroppers...

Sounds like your CO OP fantasy.

The irony of you saying socials programs is what builds wealth and then calling me a black liberal.

You're a clown.