The disastrous policies by republicans that sent this nation damn near into depression
were.... the post 1999 GOP under W...
MASSIVE SPENDING INCREASES
huge increase in government involvement in HOUSING, which BLEW UP
LIES
SELLING OUT AMERICA to the cause of Zionism....
I agree, the post 1998 GOP has been a total disaster for America. What helps America?
What we did in the 1990s....
TAX AND SPENDING CUTS!!!!!!!!!!!!
Too bad, as a kleptocrat, you will never accept that TRUTH
Let me post some truths you cannot accept.
On October 24, 2013, the Kellogg Foundation sent out a press release about a report they had done entitled,
“The Business Case for Racial Equity”. This was a study done by the Kellogg Foundation, using information it had studied and assessed from the Center for American Progress, National Urban League Policy Institute, Joint Center for Political and Economic Studies and the U.S. Department of Justice.
“Striving for racial equity – a world where race is no longer a factor in the distribution of opportunity – is a matter of social justice. But moving toward racial equity can generate significant economic returns as well. When people face barriers to achieving their full potential, the loss of talent, creativity, energy, and productivity is a burden not only for those disadvantaged, but for communities, businesses, governments, and the economy as a whole. Initial research on the magnitude of this burden in the United States (U.S.), as highlighted in this brief, reveals impacts in the trillions of dollars in lost earnings, avoidable public expenditures, and lost economic output.”
The Kellogg Foundation and Altarum Institute
In 2011, DEMOS did a study named
“The Racial Wealth Gap, Why Policy Matters”, which discussed the racial wealth gap, the problems associated with it along with solutions and outcomes if the gap did not exist. In this study DEMOS determined that the racial wealth gap was primarily driven by policy decisions.
“The U.S. racial wealth gap is substantial and is driven by public policy decisions. According to our analysis of the SIPP data, in 2011 the median white household had $111,146 in wealth holdings, compared to just $7,113 for the median Black household and $8,348 for the median Latino household. From the continuing impact of redlining on American homeownership to the retreat from desegregation in public education, public policy has shaped these disparities, leaving them impossible to overcome without racially-aware policy change.”
Groups like DEMOS, the Kellogg Foundation, Altarum Institute, Pew Research and others have done extensive research on the public policies that created these disparities. As we look at the numbers, we see what has caused our economic problem and it’s not the loss of jobs by the white working class. The numbers show us that many of our national difficulties do not have to exist. For example, there are almost 17 million black households. 16,997,000 to be exact. There are 17,318,000 Latino households. The median white household had an income of $50,400 a year while the median income was $32,028 for Blacks and $36,840 for Latinos. That difference of $18,372 for blacks and $13,560 for Latinos equals a combined loss of $31,932 for over 34 million households each year. It is a loss of over 1/2 trillion dollars of taxable income annually. In addition, racism erases billions of dollars that can be circulated in our economy. These are huge losses created because of racist public policy.
Over the course of the past several decades we have heard over and over how if we cut taxes we stimulate growth. But it seems that if we erase racism, racist policies and racist policy decisions that adversely affects COMMUNITIES, that we could erase many of the problems we see today. We are talking about serious increases in GDP, deficit reductions, increased tax revenue, more tax payers instead of more needing public assistance, increased corporate profits which means more jobs and yet there remains a great resistance to do this. Again, racism is more than racial slurs or racist comments. Racism in America has had a negative economic impact on the black community, other communities of color and in fact, the entire country.
Let me break down what white racism has done to this nation. While certain whites gloat about how successful they have been as a race and lecture others about how they have failed, facts show they have created the problems being complained about today. If not for racism everyone would be better off economically, fewer people would be on the public dime, tax revenues would increase at every level with possibly no national deficit or debt. Crime and unemployment would be reduced. More than likely the increased tax revenue could help provide free education and health care to all American citizens. Study after study shoes us that virtually every economic problem we have as a country stems from denying opportunities for people of color due to racism.
“It will end up costing the U.S. economy as much as $1 trillion between now and 2028 for the nation to maintain its longstanding black-white racial wealth gap, according to a report released this month from the global consultancy firm McKinsey & Company. That will be roughly 4 percent of the United States GDP in 2028—just the conservative view, assuming that the wealth growth rates of African Americans will outpace white wealth growth at its current clip of 3 percent to .8 percent annually, said McKinsey. If the gap widens, however, with white wealth growing at a faster rate than black wealth instead, it could end up costing the U.S. $1.5 trillion or 6 percent of GDP according to the firm.”
Brentin Mock, “White Americans’ Hold on Wealth Is Old, Deep, and Nearly Unshakeable”
But being a racist, you will never accept that.