White people made extraordinary wealth and wage gains under Barack Obama...But Black folk lost wealth under Obama

[Robbie3000]

The median wealth for white men is around ~230 K according to that graph.

That’s easy to achieve if you just do the basics. Go to school/get a trade, don’t have kids young or out of wedlock, buy a house/invest.

A politician is not going to save you and white people are not some mythical demigods who are able to achieve what we cannot.

 

[mobbinfms]

1. You obviously didn't read the (very short) quote bc they stated clearly that Americans received $3,200, not $15,600.

2. Bc this government apparently writes checks very well, going so far as to write checks for mf'ers whose presence on this very soil is illegal.

You obviously didn’t read the article. The $15,600 was for unemployment. The $3,200 was to match the federal payment that NY residents would have already received. Is your claim that NY had no unemployment benefits program up to this point? That it was a new program just for undocumented workers?

Not to mention that this is NY, after Obama, and Obama did not control NY state government as President. So I ask again, how does this support your point?

 

[mobbinfms]

No, the expectation was that when he had a majority in the Senate and House, that he could have put up a call to Congress to address it while they had the power to do it. He did no such thing. Remember, when he first came in the Democrats had a majority in both sides of congress. Budget bills also only require a 51% in the Senate as per the Byrd rule (Reconciliation) since 1990. He and the Democrats had the power to do something, they chose not to.

In 2009 when Obama entered office there were 257 Democrats and 178 Republicans in the House. In the Senate, there were 49 Democrats & 49 Republicans with 2 Independents who caucused with the Democrats. So with the Vice President being the Tie Breaker, since Independents leaned to the Democratic side, he had a good chance of accomplishing something if he had actually had put in the effort to do so.



110th Congress (2007–2009)

Majority Party: Democrats (49 seats)

Minority Party: Republicans (49 seats)

Other Parties: 1 Independent; 1 Independent Democrat (both caucused with the Democrats)

Total Seats: 100

Note: Senator Joseph Lieberman of Connecticut was reelected in 2006 as an independent candidate and became an Independent Democrat. Senator Bernard Sanders of Vermont was elected as an Independent.

----------------------------------------------------------------------------------------------------

111th Congress (2009–2011)

Majority Party: Democrats (57 seats)

Minority Party: Republicans (41 seats)

Other Parties: 1 Independent; 1 Independent Democrat (both caucused with the Democrats)

Total Seats: 100

Got it. So action by the executive agencies which Obama led doesn’t count. It has to be legislation to be real. So you’re suggesting that Obama should have vetoed every law that Congress passed if it didn’t identify by name the specific black homeowners who got fukked over and provided specific payments to match the actual loss and the harm to credit?
Would that have been constitutional? What is the case that says it would have been?

 

[North of Death]

That’s literally not what those graphs say

tell me what the graphs say then

 

[Uachet]

Got it. So action by the executive agencies which Obama led doesn’t count. It has to be legislation to be real. So you’re suggesting that Obama should have vetoed every law that Congress passed if it didn’t identify by name the specific black homeowners who got fukked over and provided specific payments to match the actual loss and the harm to credit?
Would that have been constitutional? What is the case that says it would have been?

Try again. Your attempt at strawmaning is not being accepted. How about you argue against what is actually written, not what you made up in your head.

 

[boriquaking]

tell me what the graphs say then

The first graph black people ended up increasing their wealth until 2016, when Trump took office. Go figure.

The 2nd graph doesn’t even show what information we’re looking at.

The 3rd graph shows an upwards trend at the end.

4th graph shows the same.


5th graph is 2019 specifically, when again, Trump was in office.

Dumbass.

 

[that guy]

first you lied saying they didn't do the legislation and now you moved to legislation didn't work. and they also targeted other minorities which is why i stated that.... because it's a fact smart guy.
now, foh, go cry in someone else's mentions, im sure OP will dap you up for it lol

The DOJ assessing insignificant fines to a banking institution for racism is not legislation. Legislation is money and corrective action to reverse the damage caused buy the subprime lending crisis.

You still didn’t answer my question on what is a minority.

So the expectation here is that Obama would have taken unilateral action to address housing discrimination? How exactly would that work? Would it be constitutional? Is there a precedent for it?

No, the expectation is that Obama continued the status quo as did all other presidents and he should be treated as such by black people.

You are mentioning precedent when referring to the first ever “black” president?

While banks were continuing to systematic destroy black wealth, just by being a black president Obama portrayed the image that America is no longer a racist ethnostate. His presidency hurt black people in more ways than one.

Stop giving him underserved deity status. If black people lost that much wealth under trump there would a million threads on here. I have never in my life seen a politician defended as much as Obama for doing absolutely nothing.

 

[that guy]

Racist cacs favorite go to from 2008 to 2016:
"I voted for Obama twice"
And looking at what's been presented in this thread, I can see exactly why.
And I once said that he did more for everyone else EXCEPT black people.

White people voting for a black man en mass should have told black people all they needed to know about Obama but people wanted a “black” president that has no African American ancestry
Then they did it again with Kamala Harris

 

[mobbinfms]

Try again. Your attempt at strawmaning is not being accepted. How about you argue against what is actually written, not what you made up in your head.

Ok. If you ever post specifically what Obama should have done, tag me and I’ll respond. It’s impossible to debate generalities.

 

[mobbinfms]

The DOJ assessing insignificant fines to a banking institution for racism is not legislation. Legislation is money and corrective action to reverse the damage caused buy the subprime lending crisis.

You still didn’t answer my question on what is a minority.

No, the expectation is that Obama continued the status quo as did all other presidents and he should be treated as such by black people.

You are mentioning precedent when referring to the first ever “black” president?

While banks were continuing to systematic destroy black wealth, just by being a black president Obama portrayed the image that America is no longer a racist ethnostate. His presidency hurt black people in more ways than one.

Stop giving him underserved deity status. If black people lost that much wealth under trump there would a million threads on here. I have never in my life seen a politician defended as much as Obama for doing absolutely nothing.

Precedent, in the sense that I’m using it here, is a legal term. A case, a statute or legal treatise a Court could utilize to justify the constitutionality of whatever specific action you or other posters eventually state that Obama should have done.

So if you post something specific that Obama should have done, you would also need to point to precedent to show it would have been constitutional, unless you are satisfied with symbolic action, which I don’t get the sense you want. In fact, the opposite.

 

[saturn7]

***Broken Record Alert***

We tried to tell nikkas this with the goal of correcting our politics and demanding something more significant from the Blue Party in 2020 instead of empty symbolism, but we see how that turned out.........

 

[saturn7]

Attorney Antonio Moore discusses the new report “Dream Deferred: How enriching the 1% Widens the Wealth Divide” with report author Chuck Collins of the Institute for policy studies. The two discuss the impact of President Obama's policy, the rising white wealth class, and the lasting impact of wealth calcification on black America.

 

[North of Death]

The first graph black people ended up increasing their wealth until 2016, when Trump took office. Go figure.

The 2nd graph doesn’t even show what information we’re looking at.

The 3rd graph shows an upwards trend at the end.

4th graph shows the same.


5th graph is 2019 specifically, when again, Trump was in office.

Dumbass.

Trump didn't assume office until 2017 you dumb fukk

 

[boriquaking]

Trump didn't assume office until 2017 you dumb fukk

He won the election in 2016 you stupid piece of shyt.

Was Obama president in 2019 as well? Go fly a kite, fakkit.

 

[North of Death]

The first graph black people ended up increasing their wealth until 2016, when Trump took office. Go figure.

The 2nd graph doesn’t even show what information we’re looking at.

The 3rd graph shows an upwards trend at the end.

4th graph shows the same.


5th graph is 2019 specifically, when again, Trump was in office.

Dumbass.

And second of all, whites gained over 200k in wealth from 2013 to 2016...Black wealth moved 5k that's it..and accounting for inflation that's actually a huge L...so fuvk outta here shill