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Democrats favor more access to capital for black businesses
Associated Press ^ | June 15, 2019 | Meg Kinnard

Posted on 06/15/2019 3:53:36 PM PDT by Olog-hai

Four Democrats vying for their party’s presidential nomination honed in on the economic concerns of the black community during a forum Saturday in South Carolina, a state where nonwhite voters will play a major role in next year’s primary election.

Appearing on stage one at a time, Sens. Cory Booker of New Jersey and Elizabeth Warren of Massachusetts, Mayor Pete Buttigieg of South Bend, Indiana, and former Texas Rep. Beto O’Rourke all stressed the need to increase access to capital for black business owners as part of a broader effort to address wealth inequality.

Warren expounded on what she’s called her tax on “ultra-millionaires,” which she says would fund her education proposals, including student debt cancellation for many and additional funding for historically black colleges and universities. […]

Buttigieg focused on increasing the number of federal government contracts awarded to black-owned businesses, saying this would provide a major boost. […]

Before the forum, O’Rourke, Booker and Buttigieg spent time with striking McDonald’s workers in the Charleston area who want the company to allow its employees to organize. A $15 national minimum wage has become a popular Democratic campaign promise, but the party itself is split over putting it in place. …

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Education; Society
KEYWORDS: antiwhiteracism; betamale; booker; buttgiggity; buttigieg; corporatewelfare; deadendjobs; democrats; discrimination; endwhiteshaming; fauxcahontas; fightfor15; homosexualagenda; identitypolitics; intersectionality; mcdonalds; minimumwage; orourke; pandering; spartacus; unionthugs; warren
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What these guys are proposing looks a lot like . . . fascism, does it not. Government contracts, tax redistribution to businesses based on skin color, the same old tired minimum (maximum) wage game . . .
1 posted on 06/15/2019 3:53:36 PM PDT by Olog-hai
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To: Olog-hai

What about Latino? Native American? Women? Shouldn’t they have access to Capital to start business?


2 posted on 06/15/2019 3:56:10 PM PDT by Forward the Light Brigade (Into the Jaws of H*ll Onward! Ride to the sound ovil.f the guns!)
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To: Olog-hai

Fine. Let them personally invest.


3 posted on 06/15/2019 3:57:52 PM PDT by Maceman (Trump Trumps Hate!!!)
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To: Forward the Light Brigade; Typical_Whitey

Just as long as it any no wypeople.

The oppression must continue!!

Racial discrimination at its finest. Sanctioned, too.


4 posted on 06/15/2019 3:59:39 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Olog-hai
In areas like Ferguson, Los Angeles and the other areas where the locals rioted, burned, and looted the businesses that offered jobs and prosperity to the same people.

Sorry, people are not foolish.

5 posted on 06/15/2019 4:01:46 PM PDT by dhs12345
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To: Olog-hai

How we got the Community Reinvestment Act and the economic collapse of 2007-08.


6 posted on 06/15/2019 4:02:33 PM PDT by kaehurowing
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To: Olog-hai

“What these guys are proposing looks a lot like”... #1, Identity politics, and #2 trying to make the Repubs look like they are racist by voting against Identity politics, and special privilege for the Black Community. Just another dirty trick by the Democrats.


7 posted on 06/15/2019 4:04:19 PM PDT by rockinqsranch (Dems, Libs, Socialists call 'em what you will they all have fairies livin' in their trees.)
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To: Olog-hai

They have the same access as any other color and shade of human.


8 posted on 06/15/2019 4:07:39 PM PDT by Pilated (.)
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To: Olog-hai

Call Soros, Steiner et al, if you want loans that will never be paid back, when the businesses fail. Quit wasting Taxpayers’ monies for bad business ideas and worse business models.


9 posted on 06/15/2019 4:15:23 PM PDT by carriage_hill (A society grows great when old men plant trees, in whose shade they know they will never sit.)
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To: Forward the Light Brigade

If these are such obvious and good ideas, then why did none of this happen when their icon Obama was president?????


10 posted on 06/15/2019 4:15:28 PM PDT by Dilbert San Diego
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To: Olog-hai

And then when they can’t pay it back let’s call it “predatory lending!”

Yeah!


11 posted on 06/15/2019 4:30:29 PM PDT by E. Pluribus Unum (Capitalism produces EVERYTHING Socialists/Communists/Democratic-Socialists wish to "redistribute.")
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To: Olog-hai

What a bunch of unmitigated RACISTS


12 posted on 06/15/2019 4:34:02 PM PDT by Skywise
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To: Pilated
They have the same access as any other color and shade of human.

There's a word for your type...RACIST!

You're The Man trying to hold them down, aren't you?

13 posted on 06/15/2019 4:46:11 PM PDT by ProtectOurFreedom
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To: E. Pluribus Unum
And then when they can’t pay it back let’s call it “predatory lending!”

Worse, those EVIL BANKS MADE THEM BORROW the money!

14 posted on 06/15/2019 4:47:10 PM PDT by ProtectOurFreedom
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To: Olog-hai

They already have affirmative action. Just tells blacks they aren’t capable of making it on their own. They will never learn.


15 posted on 06/15/2019 4:54:32 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: Olog-hai

I will not be surprised to see Trump support this.

Combined with his “Federal Jail Break” plan, maybe Trump can scrape away an extra 1% of the Black vote?

By the way....

I thought the Small Business Administration already handled this issue?

I just clicked on their Home Page - the first thing you see is Black female working at her small business!

https://www.sba.gov/


16 posted on 06/15/2019 5:00:51 PM PDT by zeestephen
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To: Olog-hai

Minority set aside contracts are the biggest scam out there. A few years ago, a bunch of my friends set up a government contracting business. They manage to find a front man who was some fraction of an Eskimo. Lo and behold, they got a $30 million, no bid contract set aside for Eskimo owned businesses. A total racket


17 posted on 06/15/2019 5:03:30 PM PDT by bigdaddy45
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To: Olog-hai

I thought they told us a capitalist economy was the baddest of the bad.

Are they admitting blacks just do have enough up there to compete on a level playing field?


18 posted on 06/15/2019 5:29:19 PM PDT by bgill (when you badmouth women, you are badmouthing your mama and the good women on FR)
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To: Olog-hai
i know, let all the rich black folk chip in a million and start their own lending institution...

there must be at least 1000 sports whatevers and singing/talking heads that could put their money where their mouth is

19 posted on 06/15/2019 5:56:36 PM PDT by Chode ( WeÂ’re America, Bitch!)
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To: bigdaddy45

Same thing is happening, or gonna happen, in the marijuana biz when only a certain number of state licenses to grow MJ are granted.
A guy in the area found a black front man who admitted his only experience was USING the product recreationally, not even medically.


20 posted on 06/15/2019 6:07:04 PM PDT by GnuThere
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