Both Sides: Why we don't fuck with the GOP

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
FROM 2012

Using data from the U.S. Census to track annual changes in income, poverty, and unemployment over the past five decades, we asked how each of America’s major ethnic groups has fared under Democratic or Republican presidents. Our findings are striking. When Republicans are in the White House, minorities generally lose ground. But Democratic presidents have presided over steady and substantial improvements for communities of color – and the nation as a whole.

Trends in Income, Poverty, and Unemployment

Economic outcomes clearly diverge under Democratic versus Republican presidents – especially for African Americans.

  • Under Democratic presidents, black families’ incomes grew on average $895 dollars annually, but grew only by $142 dollars under Republicans. The black unemployment rate fell by a net 7.9 percentage points across the 26 years of Democratic leadership, but went up by a net of 13.7 points during 28 years of Republican presidencies. Across the years of Democratic leadership, black poverty declined by a net of 23.6 percentage points, but grew by three points when Republicans held the White House.
  • Although data on Latinos and Asian Americans do not go back as far in time, the results are similar. For Latinos, Democratic presidencies are associated with large annual gains in income, substantial declines in poverty, and real drops in unemployment, while under Republican administrations Latinos tend to lose income, become poorer, and experience greater unemployment. Latino incomes grew an average of $627 annually under Democrats, but declined by an average of $197 annually under Republicans. Less consistent data for Asian Americans also suggest gains under Democrats versus stagnation under Republicans.
Tellingly, white Americans make gains under Democrats, too. On average, under Democratic administrations, white incomes have grown, and white joblessness and poverty have declined.

Could the Trends be Coincidental?

Like all social scientists, we probed our data to see if the racial and ethnic trends might be explained away by other factors. Perhaps Democratic presidents have gotten lucky and presided over expanding economies, while Republican leaders have happened to win office in depressed times. Three different sets of analyses suggest that this is not the case:

  • Partisan differences persist after one takes into account the overall state of the economy or other longer-term trends in U.S. well-being. Controlling for inflation and changes in the gross national product, and considering other factors like oil prices and the proportion of adults in the work force, we find similarly large gains for minorities under Democrats and equally sharp losses under Republicans.
  • The partisan trends are remarkably consistent over many years. Black incomes grew in 77% of the years that Democrats held the presidency; black poverty declined in 88% of those years; and black unemployment fell in 71% of those years. In sharp contrast, blacks more often than not lost under Republican administrations.
  • The longer Democratic administrations are in office, the more they appear to be able to help African Americans and other minorities experience economic gains, while the longer Republican administrations hold office, the more the fortunes of these groups suffer.
It is not just that Democrats inherit good economies and Republicans are bequeathed bad economies. Everything points to a real and substantial partisan divergence.

Why Do Democrats Do More to Boost Incomes and Reduce Poverty?

Many policy differences between Democrats and Republicans can help to explain minority gains under Democrats.

  • Policies intended to boost the incomes and employment of poor or lower-income Americans could certainly play a role. Examples range from President Lyndon Johnson’s War on Poverty to President Bill Clinton’s expansion of the earned income tax credit (which gives low income working people a tax refund check).
  • Racially targeted efforts like the Civil Rights Act or more recent initiatives to expand affirmative action in government hiring can also buoy minority economic fortunes, as can a range of policies that disproportionately impact minority communities, such as education efforts and immigration reforms.
  • Any policy that encourages overall economic and job growth can make a positive difference for minorities – along with everyone else. Democratic presidents tend to place more emphasis on such overall economic growth, while Republicans often stress reducing inflation, even if unemployment ticks up as a result.
Going forward from 2012, Republicans are likely to intensify their efforts to woo minority voters – often by stressing that they will be better stewards of the national economy than Democrats. But voters will look to see which party actually delivers. The relationship between minority well-being and party control is so consistent and so substantial that Democrats clearly have the more plausible case to make. Their policies have done more to help minorities and whites alike. Given that most U.S. children are now born to minority parents, it will become all the more true with every passing year that economic gains for minorities also make the economy stronger for all Americans. When it comes to boosting incomes and reducing poverty and joblessness, we all stand to rise and fall together.


:popcorn: :popcorn: :popcorn:

@Soul On Ice @xfactor @VAiz4hustlaz @Supersav

From 2012!! :lol:

Do you really want to have this discussion geechie? First of all, it's already been discussed numerous times, and, let's not forget, you "don't care to look at numbers" anyway. Secondly, how long will it take before you default to your usual "of the two candidates, who is more likely to............" or "who did you vote for" or "you're not voting anyway, so why do you care"?

But since you want to take it back to 2012, let's go back:

Destruction Of Black Wealth During The Obama Presidency

The handling of the Great Recession dramatically reduced black wealth.


How Barack Obama Failed Black Americans

The country’s first black president never pursued policies bold enough to close the racial wealth gap.
https://www.theatlantic.com/politics/archive/2016/12/how-barack-obama-failed-black-americans/511358/
 

geechiedan

Rising Star
BGOL Investor
From 2012!! :lol:

Do you really want to have this discussion geechie? First of all, it's already been discussed numerous times, and, let's not forget, you "don't care to look at numbers" anyway. Secondly, how long will it take before you default to your usual "of the two candidates, who is more likely to............" or "who did you vote for" or "you're not voting anyway, so why do you care"?

But since you want to take it back to 2012, let's go back:

Destruction Of Black Wealth During The Obama Presidency

The handling of the Great Recession dramatically reduced black wealth.


How Barack Obama Failed Black Americans

The country’s first black president never pursued policies bold enough to close the racial wealth gap.
https://www.theatlantic.com/politics/archive/2016/12/how-barack-obama-failed-black-americans/511358/
the first sentence in the arcticle I posted said: Using data from the U.S. Census to track annual changes in income, poverty, and unemployment over the past five decades,

Black wealth has increased since 2012, but the racial wealth gap has continued to grow:


  • Black wealth
    Between 2019 and 2022, Black households saw the largest increase in median net worth of any group, growing by 60% to $44,900. However, Black wealth is still heavily dependent on home equity, which accounts for two-thirds of net worth growth.

since obama is responsible for the decrease...who do you give credit to for the increase????:popcorn:
 
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VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
the first sentence in the arcticle I posted said: Using data from the U.S. Census to track annual changes in income, poverty, and unemployment over the past five decades,

Black wealth has increased since 2012, but the racial wealth gap has continued to grow:


  • Black wealth
    Between 2019 and 2022, Black households saw the largest increase in median net worth of any group, growing by 60% to $44,900. However, Black wealth is still heavily dependent on home equity, which accounts for two-thirds of net worth growth.
since obama is responsible for the decrease...who do you give credit to for the increase????:popcorn:

You are posting information that I ALREADY POSTED in a conversation WE ALREADY HAD a month ago!!

Biden says racial wealth gap is closing. The reality is complicated.​


Can Biden take credit for rising Black wealth?

When President Biden traveled to Philadelphia last week to kick off a new effort to win over Black voters, he boasted that the gulf in wealth between White and Black Americans had narrowed on his watch.

“The racial wealth gap is the lowest it’s been in 20 years because of our efforts,” Biden said.

Biden has deployed the statistic repeatedly as he tries to shore up his support with Black voters, a traditionally Democratic constituency with whom he has struggled in recent polling. The campaign has also said Biden has delivered for Black Americans by “increasing Black wealth by 60%.”

The reality is more complicated.

The racial wealth gap has narrowed by one measure — but grown by another one. The data on which Biden is relying starts in 2019, making it tough to untangle how much credit he can claim for the rise in Black wealth and how much belongs to former president Donald Trump.

Black and Brown wealth is rising, but so is the wealth gap,” Andre Perry, a senior fellow at the Brookings Institution, a liberal-leaning think tank, said in a talk on Monday.

The wealth of the median Black family grew by 61 percent between 2019 and 2022, rising twice as fast as the wealth of the median White family, according to the Federal Reserve data on which Biden’s claim rests. But White families started off so much richer than Black ones that the wealth gap between them still grew by about $50,000. (The median White family had a net worth of $285,000 in 2022, versus $44,900 for the median Black family.)

Most of the rise in Black wealth was due to rising home values, according to the data. Housing prices surged under Trump and kept rising after Biden took office (leading many Americans to despair that they will ever be able to afford a home).

Perry argued that Biden’s biggest impact on Black wealth might be that his policies helped to stave off a predicted recession that likely would have hit Black Americans especially hard.

“It’s not so much that the Biden administration increased wealth,” he said in an interview. “It’s that the economy was stable enough so that Black people’s wealth could increase.

Fighting for Black voters

Biden is taking credit for growing Black wealth as he and Trump vie for Black voters’ support.

Biden has campaigned recently with Black voters in Georgia, Michigan and Pennsylvania, and deployed surrogates to Black communities across the country over the past week.

Trump, meanwhile, argued at a rally last month in the Bronx that “African Americans are getting slaughtered” by Biden’s policies. Rep. Byron Donalds (R-Fla.), a potential Trump vice-presidential pick who is Black, infuriated Democrats this week by suggesting that Black families were stronger during the Jim Crow years. (His critique in some ways echoed the one Daniel Patrick Moynihan made as a staffer in President Lyndon B. Johnson’s administration.)

Black voters still back Biden by big margins, even though polls show their support for him has slipped since 2020 and their support for Trump has increased. Many of them aren’t convinced that Biden has helped them economically, though.

Just 22 percent of Black Americans said they were better off financially now than they were when Biden took office, according to a Washington Post-Ipsos poll in April. The same share said they were worse off, while 54 percent said they were in about the same shape financially.

Mindful of the metrics

A Biden campaign official pointed to further metrics showing that Black Americans have benefited under Biden. Black poverty hit a record low in 2022, and Black unemployment is almost as low as the nadir it hit during the Trump administration.

Several Congressional Black Caucus members also praised Biden’s record of creating jobs.
  • “Black folks have benefited from that,”Rep. Hank Johnson (D-Ga.), who represents a swing state where Biden campaigned last month, told us. “We are the ones who have those jobs. We are the ones whose wages are increasing. We are the ones whose home equity is increasing — those of us who have homes.”
  • “There’s been some noise that has been proliferated about what has not been done for the African American community,” Rep. Sanford D. Bishop Jr. (D-Ga.) “But it’s absolutely far from the truth. President Biden’s administration has really, really been good for African Americans.”
But Rep. Don Davis (D-N.C.), a freshman who represents a swing district that’s struggling economically, said his constituents didn’t necessarily feel the benefits of rising Black wealth.

“I represent an area that’s experiencing enormous food insecurity and the cost of food — people are still struggling,” Davis said. “We just have to be mindful of what single metric we’re looking at.”

Jesse Van Tol, president and chief executive of the National Community Reinvestment Coalition, said Biden deserves credit for pressing banks to expand special purpose credit programs, which are meant to reduce racial disparities in lending. But he added that there were risks to talking about rising wealth when many Americans say they’re struggling.

“When we talk about progress in the aggregate, it’s not very meaningful if you yourself have not progressed,” he said. “I think certainly there is a need for the Biden administration to propose bold solutions to addressing the Black-White homeownership gap.


What other conversation is to be had at this point! I believe that the racial wealth gap can only be solved through reparations and I stand with ADOS and the ADOS position on this issue! You do not. That’s just what it is. There’s no need to keep rehashing this discussion.
 

geechiedan

Rising Star
BGOL Investor
You are posting information that I ALREADY POSTED in a conversation WE ALREADY HAD a month ago!!



What other conversation is to be had at this point! I believe that the racial wealth gap can only be solved through reparations and I stand with ADOS and the ADOS position on this issue! You do not. That’s just what it is. There’s no need to keep rehashing this discussion.
If thats the case then the criticism of Obama and Biden is unrealistic considering that wasn't ever going to happen. And reparations on some national scale however you or any of the people you follow imagine it, is not going to happen for the foreseeable future. So all we have is whats positive or negative for the black community as things stand now. If its negative you assign it to dems and whoever the dem president is at the time and say ITS THEIR FAULT AND THEIR FAULT ONLY!:angry: If its positive then the comment is WELL...ITS COMPLICATED:dunno:


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VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
If thats the case then the criticism of Obama and Biden is unrealistic considering that wasn't ever going to happen. And reparations on some national scale however you or any of the people you follow imagine it, is not going to happen for the foreseeable future. So all we have is whats positive or negative for the black community as things stand now. If its negative you assign it to dems and whoever the dem president is at the time and say ITS THEIR FAULT AND THEIR FAULT ONLY!:angry: If its positive then the comment is WELL...ITS COMPLICATED:dunno:

You still don’t get it, do you? Perhaps Malcolm can explain it to you better than I can. What is your response to this?

 

shinobi

Rising Star
BGOL Investor
You still don’t get it, do you? Perhaps Malcolm can explain it to you better than I can. What is your response to this?



It's worth noting that not too long after this speech, Malcolm X embarked on the Hajj, afterwards recanting his prior black nationalist stances when he realized that all races are subservient to God.

He then left the Nation of Islam and later joined mainstream Sunni Islam. After he left the Nation, Malcom X's views evolved. He extended olive branches to MLK and other organizations like his to try and create a united front to advance the cause of Civil Rights in America.

Malcom was evolving into a liberal.
 

VAiz4hustlaz

Proud ADOS and not afraid to step to da mic!
BGOL Investor
It's worth noting that not too long after this speech, Malcolm X embarked on the Hajj, afterwards recanting his prior black nationalist stances when he realized that all races are subservient to God.

He then left the Nation of Islam and later joined mainstream Sunni Islam. After he left the Nation, Malcom X's views evolved. He extended olive branches to MLK and other organizations like his to try and create a united front to advance the cause of Civil Rights in America.

Malcom was evolving into a liberal.

Malcolm X was not evolving into a liberal in our modern sense, i.e. your standard MSNBC types! Fuck outta here with that. And nothing you said debunks anything that he said in the video. And what he said is just as applicable today as it was then.
 

HeathCliff

Rising Star
BGOL Investor
It's worth noting that not too long after this speech, Malcolm X embarked on the Hajj, afterwards recanting his prior black nationalist stances when he realized that all races are subservient to God.

He then left the Nation of Islam and later joined mainstream Sunni Islam. After he left the Nation, Malcom X's views evolved. He extended olive branches to MLK and other organizations like his to try and create a united front to advance the cause of Civil Rights in America.

Malcom was evolving into a liberal.
They always leave this out when they push them Malcolm X quotes to fit their narratives. lol
 

geechiedan

Rising Star
BGOL Investor
You still don’t get it, do you? Perhaps Malcolm can explain it to you better than I can. What is your response to this?


I've heard his whole speech and to his credit, unlike you and others he does mention alternatives unfortunately those ideas proved to be not realistic.

Appealing to the UN on human rights was somewhat naïve considering the US ignores the UN whenever they feel like it.

the flaw in this part of his speech: The political philosophy of black nationalism means that the black man should control the politics and the politicians in his own community; no more. The black man in the black community has to be re-educated into the science of politics so he will know what politics is supposed to bring him in return. Don't be throwing out any ballots. A ballot is like a bullet. You don't throw your ballots until you see a target, and if that target is not within your reach, keep your ballot in your pocket.

the problem here is instead looking for a target or waiting for a target we should be developing the target. All these activists talking about dont vote should be running for office themselves.

And Malcolm wasnt killed by a democrat.
 
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