This is not a joke. Even though overall unemployment has gone down, black unemployment has gone up in recent months instead.
The system that Bidenomics embodies is designed to ensure that that minorities take the brunt of the economic consequences first before the rest of the population. And you can imagine how that will inevitably exacerbate social tensions between different segments of the demographics, and all to the benefit of the capitalists.
The system that Bidenomics embodies is designed to ensure that that minorities take the brunt of the economic consequences first before the rest of the population.
Obama deleted half of the generational wealth of black communities overnight when he evicted 9 million American homeowners (mostly low income black and Hispanic families), thereby facilitated the biggest wealth transfer from ethnic minorities to private capital and ensured that they and their children will never accumulate enough wealth to become homeowners again in the future.
Biden’s economic policy is simply a continuation of Obama’s racist policy. For example, by raising interest rates to 5% within one year, people with low income are being penalized while the top 10% are largely shielded from it. To put in more clearly, black families whose median income are much lower than white families are paying a lot more due to higher interests (i.e. becoming even poorer) to sustain their livelihood. And the layoffs that resulted from rate hikes also affected low income segments first, which is why you are seeing a rise in black unemployment when the overall trend is going down.
This is not a joke. Even though overall unemployment has gone down, black unemployment has gone up in recent months instead.
The system that Bidenomics embodies is designed to ensure that that minorities take the brunt of the economic consequences first before the rest of the population. And you can imagine how that will inevitably exacerbate social tensions between different segments of the demographics, and all to the benefit of the capitalists.
How?
Obama deleted half of the generational wealth of black communities overnight when he evicted 9 million American homeowners (mostly low income black and Hispanic families), thereby facilitated the biggest wealth transfer from ethnic minorities to private capital and ensured that they and their children will never accumulate enough wealth to become homeowners again in the future.
Biden’s economic policy is simply a continuation of Obama’s racist policy. For example, by raising interest rates to 5% within one year, people with low income are being penalized while the top 10% are largely shielded from it. To put in more clearly, black families whose median income are much lower than white families are paying a lot more due to higher interests (i.e. becoming even poorer) to sustain their livelihood. And the layoffs that resulted from rate hikes also affected low income segments first, which is why you are seeing a rise in black unemployment when the overall trend is going down.
Excuse me, that doesn’t sound like simulated liberalism to me!
Obama can’t have had racist policies because he’s African American.
A plan backed by Biden disproportionately hurts minorities?