PBS's Tavis Smiley: 'Black People Will Have Lost Ground in Every Single Economic Indicator' Under Obama

VectorMan wrote:PBS's Tavis Smiley made a comment Thursday that every African-American as well as liberal media member should sit up and take notice.

Appearing on Fox News's Hannity, Smiley said, "The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category".

SEAN HANNITY, HOST: My last question to you. You often do these seminars with the state of black America. I've watched them on C-Span and different channels, right?

TAVIS SMILEY: Right.

HANNITY: Are black Americans better off five years into the Obama presidency?

SMILEY: Let me answer your question very forthrightly. No, they are not. The data is going to indicate sadly that when the Obama administration is over, black people will have lost ground in every single leading economic indicator category. On that regard, the president ought to be held responsible.

But here's the other side. I respect the president. I will protect the president. And I will correct the president. He's right on this government shutdown. Republicans are thwarting the rule of law with the Constitution. If they let this debt go into default, they're trampling again on the Constitution.

Wow!

Now to be fair to Smiley, he has been hard on the president concerning how his policies are economically damaging the black community, but this is the first time I believe he's been this harsh on national television with such a large audience.

Sadly, he's right.

So why would this community re-elect someone doing so much damage to them economically?

Is it possible they're not aware of it because most liberal media members other than Smiley aren't reporting it?

Hmmm.


Video at the link:
Read more: http://newsbusters.org/blogs/noel-sheppard/2013/10/11/tavis-smiley-black-people-will-have-lost-ground-every-single-economic#ixzz2hSPJgKs5

2seaoat wrote:I will respond.   What he said was true.   Now, tell me what policy or policies caused that decline?    When did this decline start, and what was the cause?   Think real hard boyz...........the answers may not please your theory, but the truth is right in front of your nose.

2seaoat wrote:I will respond.   What he said was true.   Now, tell me what policy or policies caused that decline?    When did this decline start, and what was the cause?   Think real hard boyz...........the answers may not please your theory, but the truth is right in front of your nose.

2seaoat wrote:I will respond.   What he said was true.   Now, tell me what policy or policies caused that decline?    When did this decline start, and what was the cause?   Think real hard boyz...........the answers may not please your theory, but the truth is right in front of your nose.

2seaoat wrote:The economy was driven into the ditch in 2008 summer.   President Obama has slowly been driving it out of the ditch.   Minorities are always the first laid off, and the last rehired.  Pretty simple stuff.

Markle wrote:

2seaoat wrote:I will respond.   What he said was true.   Now, tell me what policy or policies caused that decline?    When did this decline start, and what was the cause?   Think real hard boyz...........the answers may not please your theory, but the truth is right in front of your nose.

ObamaCare, tax increases massive numbers of new regulations, dividing Americans against Americans, massive increases in our debt, total confusion in our government and no trust in our government doing what they say, loss of respect from friends and enemies alike around the world.

And the list goes on....

NaNook wrote:

2seaoat wrote:I will respond.   What he said was true.   Now, tell me what policy or policies caused that decline?    When did this decline start, and what was the cause?   Think real hard boyz...........the answers may not please your theory, but the truth is right in front of your nose.

The cause was the Clinton DOJ requiring banks to under-write mortgages to people who couldn't afford them. Otherwise the banks couldn't under-write car loans in minority areas. Plus, the Banks would be fined. Just look at JPM now.

Banks love to finance cars in high ethnic areas. GM is doing sub-prime loans for autos now......where is our 30-50 Billion Dollar Tax-Payer Repayment?

Floridatexan wrote:

NaNook wrote:

2seaoat wrote:I will respond.   What he said was true.   Now, tell me what policy or policies caused that decline?    When did this decline start, and what was the cause?   Think real hard boyz...........the answers may not please your theory, but the truth is right in front of your nose.

The cause was the Clinton DOJ requiring banks to under-write mortgages to people who couldn't afford them. Otherwise the banks couldn't under-write car loans in minority areas. Plus, the Banks would be fined. Just look at JPM now.

Banks love to finance cars in high ethnic areas. GM is doing sub-prime loans for autos now......where is our 30-50 Billion Dollar Tax-Payer Repayment?

It wasn't the banks that originated these loans.  It was startup mortgage companies that were unregulated.  Countrywide was probably the biggest offender.  And it might not have been a problem if the mortgage lenders and the banks didn't have an easy out...selling their mortgage products on the open market.  And then the products were bundled into toxic assets, which somehow managed to receive a AAA designation from the ratings agencies.  If any of you right-wing idiots had a clue as to how these things work, you'd be hopping mad.  But instead you're just brainwashed.

Markle wrote:

Floridatexan wrote:

NaNook wrote:

2seaoat wrote:I will respond.   What he said was true.   Now, tell me what policy or policies caused that decline?    When did this decline start, and what was the cause?   Think real hard boyz...........the answers may not please your theory, but the truth is right in front of your nose.

The cause was the Clinton DOJ requiring banks to under-write mortgages to people who couldn't afford them. Otherwise the banks couldn't under-write car loans in minority areas. Plus, the Banks would be fined. Just look at JPM now.

Banks love to finance cars in high ethnic areas. GM is doing sub-prime loans for autos now......where is our 30-50 Billion Dollar Tax-Payer Repayment?

It wasn't the banks that originated these loans.  It was startup mortgage companies that were unregulated.  Countrywide was probably the biggest offender.  And it might not have been a problem if the mortgage lenders and the banks didn't have an easy out...selling their mortgage products on the open market.  And then the products were bundled into toxic assets, which somehow managed to receive a AAA designation from the ratings agencies.  If any of you right-wing idiots had a clue as to how these things work, you'd be hopping mad.  But instead you're just brainwashed.

You never will face the truth will you.  Really, it explains a lot about you.

VectorMan wrote:I hear ya.

A black conservative should never have a real public voice. Doesn't fit the libtard mold/agenda.

Assholes!