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Old 08-31-2013, 12:18 PM
 
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We celebrated the 50th anniversary of Martin Luther King Jr.’s iconic “I Have a Dream” speech and the March on Washington for Jobs and Freedom in a ceremony that was capped off by the Commander in Chief himself. I watched as speaker after speaker paid homage to the late great civil rights leader and gave their rallying cries to the masses to fight on. It was beautiful moment and offered a glimpse into history for those like myself who weren’t alive during the original march.

The only damper on the ceremony was the dreary weather that hovered over the nation’s capital yesterday, but given the status of the goals of the original march, jobs and freedom; the backdrop was perfect. As far as the forecast of jobs and freedom goes, the rain may have stopped but it’s still cloudy.

While we definitely have made a lot of progress in the fight for civil rights, we are still far from achieving the economic freedom that King dreamed about. The economic plight of the African-American community may be much improved from the era of racially restrictive housing covenants and massive redlining (a practice by which banks avoided giving loans to minorities or for projects in minority neighborhoods) but we still find ourselves in an era where the median white family’s wealth is more than 20 times greater than that of the median black family.

There is much work to be done and this problem will be more difficult to eradicate than other issues of the civil rights struggle. Unlike discriminatory hiring practices or racially restrictive housing covenants, there are no laws that can serve as a quick fix to the problem. It is far too complex.

Let
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Old 08-31-2013, 12:20 PM
 
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seems to me like the blacks need to step it up.
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Old 08-31-2013, 12:21 PM
 
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Originally Posted by lionsgators View Post
seems to me like the blacks need to step it up.
The wealth gap isn`t confined to 1 race.
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Old 08-31-2013, 12:23 PM
 
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Originally Posted by gmagoo View Post
The wealth gap isn`t confined to 1 race.
sounds to me like the minorities need to step it up, and quit whining.
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Old 08-31-2013, 12:24 PM
 
Location: SW Missouri
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Originally Posted by lionsgators View Post
seems to me like the blacks need to step it up.
I am no expert in such things. But I'd love to see the results of the loans to minorities or for projects in minority neighborhoods that have been given in say....oh....the past 20 years.

Does anyone have any success stories to share? I'm waiting. (I'm not holding my breath, however).

20yrsinBranson
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Old 08-31-2013, 12:25 PM
 
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Originally Posted by lionsgators View Post
seems to me like the blacks need to step it up.
Indeed. Something like 70% of black children are born to single mothers. Mainstream black "culture" frowns on education attainment while glorifying ghetto thug lifestyle, violence, and lawlessness.

The Democratic Party continues to push a dependency agenda, pushing the fallacious notion that all blacks are helpless victims, and incapable of self reliance and self determination.
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Old 08-31-2013, 12:26 PM
 
5,853 posts, read 3,447,877 times
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Originally Posted by 20yrsinBranson View Post
I am no expert in such things. But I'd love to see the results of the loans to minorities or for projects in minority neighborhoods that have been given in say....oh....the past 20 years.

Does anyone have any success stories to share? I'm waiting. (I'm not holding my breath, however).

20yrsinBranson
the community reinvestment act was a success. wait, no it wasn't.
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Old 08-31-2013, 12:28 PM
 
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The gap is tied into education. Why do you think Asians have the highest earnings and median wealth?


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Old 08-31-2013, 12:28 PM
 
Location: M I N N E S O T A
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Originally Posted by lionsgators View Post
sounds to me like the minorities need to step it up, and quit whining.
poor people need to step it up and quit whining.
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Old 08-31-2013, 12:30 PM
 
Location: Los Angeles
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Okay, so we take more money from the rich, that's totally doable. But how do we get those perpetually stuck in the safety nets back into a productive existence? There's many variables to this problem.

I just watched the documentary Park Avenue: Money, Power and the American Dream

I appreciated that it tried to be bipartisan, but didn't focus enough on Chuck Schumer shelving the tax reform bill which would have removed the carried interest loophole that the super-wealthy use to keep from paying their fair share. He said he'd do one thing, and then did another.
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