Yelling...."the economy never ret worked fairly for blacks..."

[WillJ8787]

Source:
https://www.businessinsider.com/janet-yellen-us-economy-never-worked-fairly-black-americans-2022-1

No, ya think!

 

[Sean Renaud]

I'm just commenting so I can see when the Right wingers come in and point out we are all subject to the same laws and have the same opportunities and struggles. They will then point out somehow that all the rap labels and much of sports is owned by blacks and they won't let "whitey" (Their word not mine) play in the NBA because its an Old Boys Club.

 

[SugarDaddy1]

The dark side of Yellen at Treasury: 5 things black America needs to know

President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to become the next Treasury secretary, according to sources familiar with the decision.

An Obama Democrat, Yellen was the first woman to lead the Fed. If she is confirmed for the new post, she will also become the first person to head the Treasury, the central bank, and the White House Council of Economic Advisers.

Yellen has been an economist at the forefront of policy-making for three decades and works as an economist at the Brookings Institution. She served as chairwoman of the Federal Reserve from 2014 to 2018, and as cice chairwoman from 2010 to 2014.

While Yellen has accomplished many firsts, there may be a dark side to her Yellen holding the Treasury post. Here are five things Black America needs to know.

Link for the list

 

[SugarDaddy1]

A vote for Trump is a vote for economic progress for African Americans

If their final decision comes down to which candidate will continue the economic progress that lifted median Black household incomes to their highest levels on record and pushed Black unemployment rates and poverty rates down to their lowest levels, then there is really just one choice: President Trump.

The Census Bureau just released stunning statistics about the economic well-being of Americans in 2019. Minority groups benefited greatly from the remarkable labor market that preceded the coronavirus epidemic.

Unemployment rates for Blacks hovered for months at or near historic lows. Workers with less than a high school diploma and criminal records left the sidelines of the workforce

Income gains for Blacks translated into real economic mobility. Not only did the poverty rate for Blacks fall to an all time record low in 2019, but it also dipped below 20% for the first time. At the other end of the economic scale, more Black households earned six-figure incomes than the year before.

Source

 

[Bud_Spencer]

Gotta give the Dems a tip of the hat at their pandering. They are the bee's knees at it.

 

[WillJ8787]

It is too bad that the gains where also taken away during 45's admin as well and it's back to this:

https://www.mckinsey.com/featured-i...te-of-black-america-what-is-and-what-could-be

 

[Bud_Spencer]

https://static-3.bitchute.com/live/cover_images/WqHZr0jOlOcK/iWkLsUOMmjLj_640x360.jpg

 

[pecksniff]

https://static-3.bitchute.com/live/cover_images/WqHZr0jOlOcK/iWkLsUOMmjLj_640x360.jpg

No, it isn't.

 

[Bud_Spencer]

No, it isn't.

Pay yer own way, freeloader.

 

[Rightguide]

Source:
https://www.businessinsider.com/janet-yellen-us-economy-never-worked-fairly-black-americans-2022-1

No, ya think!

That bloated old elitist bitch is about as far away from the wants and needs of black society as one can get. It was Trump who turned her former policies around to the great benefit of black and Latino workers until Biden reversed them all to put those people back on the plantation.

 

[Rightguide]

It is too bad that the gains where also taken away during 45's admin as well and it's back to this:

https://www.mckinsey.com/featured-i...te-of-black-america-what-is-and-what-could-be

That is a demonstrable lie, made by an uninformed idiot.

 

[pecksniff]

to put those people back on the plantation.

 

[pecksniff]

That is a demonstrable lie, made by an uninformed idiot.

McKinsey & Company is not an uninformed idiot.

 

[Rightguide]

You know it's true. The last thing the Democrats want is their constituency fully employed, supporting themselves, and deciding their own futures.

 

[Rightguide]

McKinsey & Company is not an uninformed idiot.

Fuck that bullshit. The historic employment numbers of Blacks and Latinos, pre-pandemic, are a matter of public record. Don't make me rub your nose in those as well.

 

[pecksniff]

You know it's true. The last thing the Democrats want is their constituency fully employed, supporting themselves, and deciding their own futures.

That is exactly what the Democrats want. Nobody in the party wants to keep AAs trapped on a "welfare plantation."

It is the Republicans who do not want full employment, because high unemployment gives business interests more bargaining power in the labor market.

 

[pecksniff]

Fuck that bullshit. The historic employment numbers of Blacks and Latinos, pre-pandemic, are a matter of public record. Don't make me rub your nose in those as well.

Trump deserves no credit for that. You won't find a reputable economist who can name anything he did to lower the jobless rate.

 

[Bud_Spencer]

Trump deserves no credit for that. You won't find a reputable economist who can name anything he did to lower the jobless rate.

How about Jared Bernstein, one of Biden's top economic advisors?

“One thing we learned in the 1990s was that a surefire way to reconnect the fortunes of working people at all skill levels, immigrant and native-born alike, to the growing economy is to let the job market tighten up. A tight job market pressures employers to boost wage offers to get and keep the workers they need. One equally surefire way to sort-circuit this useful dynamic is to turn on the immigrant spigot every time some group’s wages go up.”

Trump tightened the job market by turning off the illegal immigrant spigot.

 

[WillJ8787]

That is a demonstrable lie, made by an uninformed idiot.

Demonstrate it then

 

[Bud_Spencer]

That is exactly what the Democrats want. Nobody in the party wants to keep AAs trapped on a "welfare plantation."

It is the Republicans who do not want full employment, because high unemployment gives business interests more bargaining power in the labor market.

Every single Trump rally had him trumpeting the historically low unemployment numbers for blacks, women, Hispanics and the rising wages of the lowest quintile that came with the tight job market. Every one.

That's what had the Chamber of Commerce grumbling and shifting to the Dems in 2020.

 

[pecksniff]

How about Jared Bernstein, one of Biden's top economic advisors?

“One thing we learned in the 1990s was that a surefire way to reconnect the fortunes of working people at all skill levels, immigrant and native-born alike, to the growing economy is to let the job market tighten up. A tight job market pressures employers to boost wage offers to get and keep the workers they need. One equally surefire way to sort-circuit this useful dynamic is to turn on the immigrant spigot every time some group’s wages go up.”

Trump tightened the job market by turning off the illegal immigrant spigot.

But, he didn't turn it off. Just as many immigrants got in under his Admin as the previous. More importantly, there was no increase in prosecutions of employers using them.

 

[Rightguide]

Demonstrate it then

Note the year:

https://www.cnn.com/2019/09/06/economy/black-unemployment-rate/index.html

 

[WillJ8787]

Note the year:

https://www.cnn.com/2019/09/06/economy/black-unemployment-rate/index.html

I don't disagree with this....you are correct. It lasted for an extremely short time and was then gone in the tale end of the 45 administration and into the 46 administration.

???? It is still a problem. Problem not fixed by anyone.

 

[Lazaran]

.
Yellen's key points were willfully ignored by the board's usual racists.

Worse, they attempt to deflect and distract by trying to focus attention on one fairly unrelated area of opportunity in the American economy that business has been exploiting forever.

JFC

SAD!!!

 

[YDB95]

That bloated old elitist bitch is about as far away from the wants and needs of black society as one can get. It was Trump who turned her former policies around to the great benefit of black and Latino workers until Biden reversed them all to put those people back on the plantation.

Whiteguide, thank you. When I read news stories like the one about Yellen, I get very concerned about who and what is best for Black Americans, and after all, as a white guy myself, I really don't have any way of knowing firsthand the answer to that question. Thank heavens our community has you, the recognized authority on what's right for Black Americans, to share your insights with us.
~Signed, A Happy Patron

You know it's true. The last thing the Democrats want is their constituency fully employed, supporting themselves, and deciding their own futures.

There is a difference between providing disadvantaged Americans with the tools to improve their lot in life and gain opportunities to stand on their own two feet, and simply kicking them off the dole. I have yet to meet the first Lit deplorable who can tell that difference, however.