OperationNumbNutts
Superstar
In politics you have talking points and then you have bills with the potential to become law. Which do you folks think this is?
Read between and the lines and look at the timing. That increase happened during Covid so there was an increase to everyone, not just black businesses.The Kamala plan is better, she wants to do all that shyt. Immigration, funding to HBCU's, tax breaks, funding to black owned small businesses. Did you not see how small black businesses got increased funding with her as VP?
Biden-Harris Administration Announces Significant Increase in Lending to Black-Owned Small Businesses | U.S. Small Business Administration
WASHINGTON - Today, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced new SBA data showing that SBA-backed loans to Black-owned small businesses have more...www.sba.gov
Read between and the lines and look at the timing. That increase happened during Covid so there was an increase to everyone, not just black businesses.
SBA 7(a) & 504 Loans to Black-owned businesses | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
---|---|---|---|---|---|---|---|
Total loans | 2,511 | 2,701 | 2,476 | 1,718 | 2,741 | 3,630 | 4,781 |
Dollars (millions) | $671 | $780 | $784 | $592 | $1,067 | $1,148 | $1,455 |
Share (% of loans) | 3.7% | 4.1% | 4.3% | 3.5% | 4.5% | 6.4% | 7.6% |
You are validating my point. Timing.Then explain this
SBA 7(a) & 504 Loans to Black-owned businesses FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Total loans 2,511 2,701 2,476 1,718 2,741 3,630 4,781 Dollars (millions) $671 $780 $784 $592 $1,067 $1,148 $1,455 Share (% of loans) 3.7% 4.1% 4.3% 3.5% 4.5% 6.4% 7.6%
So Covid was the reason for the best numbers being in 2023?You are validating my point. Timing.
I'm dying for brehs to figure this out on some "IF JOHNNY HAS TWO APPLES" shyt. These fools really let reverse psychology transform them into immigration warriorsI hope ya'll realize that most of this shyt is not just for the black community, it's a trickle down ideology. Like immigration policyand tax cuts.
Trump doesn't deserve any credit for the First Step Act. Or for the Future Act. Opportunity zones were a scam that's only helped make the rich richer. And while School choice is fine if it's being paid for out of pocket by the parents, but not when it's using public money for vouchers. That only hurts public schools. The platinum plan is a joke.
His DOJ was a disaster for Criminal Justice reform.
Trump Says One Thing and Does Another on Criminal Justice.
Trump Just Bragged About Criminal Justice Reform. Look Closer at How His Administration Is Undoing It.
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He was not a savior for HBCUs
Is the Trump Administration Really “Bigger and Better” for HBCUs?
When President Donald J. Trump addressed the 2019 HBCU Conference in Washington D.C. last week, he told the crowd of historically Black college and university leaders that his administration’s commitment to HBCUs is “bigger and better and stronger than any previous administration, by far.”www.diverseeducation.com
While Trump has maintained policies that benefit HBCUs, it’s hard to quantify a president’s success in this area, Toldson said. Congress and federal agencies like the Department of Education are largely responsible for policies that fund these institutions.
“With presidents, the only thing they can do is not obstruct Congress and not try to actively prevent anything they’re interested in funding,” he said.
Plus, by some measures, support for HBCUs has actually decreased under Trump.
For example, since 2016, federal funding for scientific research at HBCUs dropped by 17 percent, according to a 2019 report from the National Center for Science and Engineering Statistics.
Toldson suggested this is in part because of Trump’s decision to move the Initiative on HBCUs back to the White House, instead of leaving it under the auspices of the Department of Education. While Trump praised the decision to move the Initiative to the White House “where it belongs,” Toldson said it “politicizes” the Initiative and distances HBCUs from the agencies that fund them.
“What HBCUs need is a fair playing field when competing for research dollars,” he said.
Meanwhile, Trump claimed in his speech that he increased federal funding to HBCUs by a “record” 13 percent, “the highest ever done.” But Dillard University President Dr. Walter M. Kimbrough said that’s not quite accurate. He pointed out that Trump’s percentage isn’t just money given directly to institutions. It includes loans, as well as capital finance loan deferment for 13 HBCUs.
“The overall budget has increased but most of that increase is borrowing capacity,” he said. “It’s going to have to be paid back.”At the same time, Trump’s speech neglected to mention decisions not directly related to HBCUs that harmed them, he added.
For example, changes to Upward Bound, a federal TRIO program which provides college preparation for low-income families, caused a third of HBCUs with Upward Bound programs to lose them, including Dillard. Also, the Federal Perkins Loan program expired, phasing out low-interest federal student loans to low-income students, which helped HBCUs and other schools.
“Those are the things that we’re not talking about that happened,” said Kimbrough.
But the biggest elephant in the room during Trump’s remarks was the Fostering Undergraduate Talent by Unlocking Resources for Education Act or FUTURE Act, which just passed in the U.S. House of Representatives and will soon head to the Senate.
This legislation would renew $255 million in annual funding for HBCUs and other minority serving institutions. The $850 million program initiated under Obama funded HBCUs for ten years. The funding is set to expire on Sept. 30th.
Trump reaches with claim he ‘saved’ HBCUs
President Donald Trump exaggerated his contributions to historically Black colleges and universities during the final prwww.politifact.com
President Donald Trump’s signing of the FUTURE Act in 2019 made a significant allocation of federal funding for HBCUs permanent beyond 2019. It’s not clear how involved Trump was before the legislation hit his desk for a signature.
HBCUs received funding under the same program during President Barack Obama’s time in the White House. It’s a stretch to say Trump “saved” them.
Two experts calculated the total federal funding provided to HBCUs for PolitiFact. Those numbers show little change between the Obama years and the first year under Trump.
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'Opportunity zones' meant to boost poor communities did little more than give the rich another tax loophole — proof that trickle-down economics doesn't work
Brookings' economist David Wessel said more funding from Trump's 2017 tax bill went to already-wealthy areas than low-income communities.www.businessinsider.comOnly the rich can play: The story of Opportunity Zones | Brookings
On Thursday, October 7, the Hutchins Center at Brookings hosted an event on opportunity zones—U.S. tax havens created by the 2017 Tax Cuts and Jobs Act.www.brookings.edu
I don't know colifriends. A whole lot of that sounds like DEI to me
Let’s be honest when asked what will they do for black America, they usually say, “We will raise the minimum wage”
They claim mexicans are coming in and taking their jobs. IMO the people who think like this are self hating to even think we are fighting with illegals over them low level ass jobs. Sterotyping us like we aren't worth more than cleaning gutters and mowing grass.I'm dying for brehs to figure this out on some "IF JOHNNY HAS TWO APPLES" shyt. These fools really let reverse psychology transform them into immigration warriors
Not arguing. Just be careful with numbers and look at the last line. Blacks made up only 7% of the total amount of the program. Also, these were economic factors, the Biden Administration did not specifically push for this. They are just taking credit but that is nothing new for any administrations. In other words, you cannot tie the numbers to a specific agenda.So Covid was the reason for the best numbers being in 2023?
They claim mexicans are coming in and taking their jobs. IMO the people who think like this are self hating to even think we are fighting with illegals over them low level ass jobs. Sterotyping us like we aren't worth more than cleaning gutters and mowing grass.
They aren't but they feel like they are speaking for other black people and taking up for them. While they work their IT job, making 6 figures but they feel like they're "one of the special ones" and not like the average black person.If dudes are fighting for the same jobs as people who have zero connections, don’t speak the language and no papers idk what to tell them