Not judging by who was wearing all those Obama t-shirts around here.
By the way, Truthout is a far left rag.
Somebody with a name like "Mechee X" would not be happy with anybody but a race-warrior radical. Also, I wonder how much of her hostility is because Kamala's husband is white. Not going to listen to her 70 min rant to find out though.
on her Fly Nubian Queen channel.
What's a Nubian? </Jason Lee>
Black and Mechee X’s critiques are representative of the ennui and even hostility that characterizes African Americans’ response to the possibility of the nation’s second Black president, which is largely attributable to the fact that while we were distracted celebrating the first, someone walked into our homes and almost literally stole everything we own.
Yeah, but how else is that someone
gonna get his money to have clothes to go to school?
That yawning racial wealth gap certainly did not begin on Obama’s watch, but his administration’s handling of the 2008 financial meltdown essentially erased all of the savings and investments accrued to a generation of African Americans.
Yeah, that is probably to blame rather than Obama.
Central to that economic crisis was the proliferation of high-interest home loans, or subprime mortgages, which triggered the collapse of the global real estate market.
Nothing Obama had any role in, so it kind of goes against the thesis of the piece.
An analysis by the Economic Policy Institute of data compiled at the zenith of the real estate boom found that 53 percent of all Black borrowers were issued subprime loans, compared to 47 percent of Latinos and a quarter of white borrowers. In New York City, African-American home buyers in 2006 were four times more likely than whites to be saddled with a subprime mortgage, wrote Columbia University sociologist Saskia Sassen in the book White Collar Criminals and the Financial Meltdown, citing data compiled by New York University’s Furman Center for Real Estate and Urban Policy.
That -3rd year of his presidency was indeed difficult.
Meanwhile, another study found that between 2004 and 2008, only 6.2 percent of white borrowers with a credit score of 660 or higher received a subprime loan while the rate for Black borrowers with similar credit scores was 21.4 percent. In fact, the lending disparities actually widened when households with higher incomes were compared, meaning that an African-American family earning more than $200,000 a year was more likely to be given a subprime loan than a white family making less than $30,000 annually, leaving New York University Sociology Professor Jacob Faber to conclude that borrowers of color were targeted not because they were credit risks, but because they weren’t.
Again, between 2004 and 2008. Hmm.
But also, 660 is not really that high a credit score - about average. If black borrowers above 660 were mostly in the 660-720 range, while white borrowers were mostly >720, that would go a long way to explain the discrepancy. And credit scores are hardly the only variable creditors use. Were any variables controlled for?
The difference is this stark: In the nation’s most prosperous majority-Black county, the Washington, D.C., suburb of Prince George’s County, Maryland, one in every 624 homes is in foreclosure, while across the Potomac River in Fairfax County, Virginia, where two of every three residents is white, the ratio is one in every 5,189 homes.
Hmm, perhaps this difference is foreclosure risk has been driving the discrepancies in the numbers of subprime borrowers. If banks lend money to higher-risk borrowers, they charge more interest. I.e. subprime rates.
The subprime loan scandal represents the culmination of a 45-year effort to stop the advance of liberal democracy birthed by the labor organizing struggles of the New Deal. At the center of that movement were the Communists and the Black worker, whose voice in public policy has been gradually silenced as neoliberalism has hollowed out both the manufacturing economy and the labor unions.
Communists and Black Panthers advancing liberal democracy? LMAO!!!
The answer: by turning the worker, generally, and the Black worker specifically, into a perpetual debtor.
In a material sense, slavery has continued practically unabated.
There is hyperbole and then there is this...
The notion that Black suffering provides whites and others with a certain succor has come to be known in recent years as “Afro-Pessimism.”
This line could have been written by some people on here, sadly.
But just as Obama’s failure to indict a single police officer for the slaying of an unarmed Black man is evidence that whites are invested in murder as an affirmation of a privileged white identity, so too is his administration’s refusal to hold a single banker accountable for their financial crimes.
Presidents do not indict, so technically that is true. But DOJ under Obama successfully prosecuted for example Michael Slager.
Note that these prosecutions depend on law and evidence, and just because activists demand a prosecution (for example in the Michael Brown case) does not mean a prosecution is appropriate.
Obama administration also prosecuted bankers by the way. But don't let facts get in the way of a good narrative.
“Collectively, Black people are not falling for the ‘okie-doke’ like we did in 2008 and 2012,” the hip-hop artist known as Willie D said recently on his YouTube channel, noting that Harris’s recent appearance on a popular New York radio show, “The Breakfast Club,” had received more online “dislikes” than “likes.”
Willie who? Maybe he is just jealous Kamala wasn't listening to him while high.
“People just aren’t buying what Kamala Harris is selling … All skinfolk ain’t kinfolk …
Skinfolk? Kinfolk? Sounds kinda racist, doesn't it? Is that a dig on the fact that her dad is Jamaican and her mother Indian?
What a ridiculous piece of writing!
