Skip to comments.Democrats favor more access to capital for black businesses
Posted on 06/15/2019 3:53:36 PM PDT by Olog-hai
Four Democrats vying for their partys 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 years 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 ORourke 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 shes 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, ORourke, Booker and Buttigieg spent time with striking McDonalds 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 ...
What about Latino? Native American? Women? Shouldn’t they have access to Capital to start business?
Fine. Let them personally invest.
Just as long as it any no wypeople.
The oppression must continue!!
Racial discrimination at its finest. Sanctioned, too.
Sorry, people are not foolish.
How we got the Community Reinvestment Act and the economic collapse of 2007-08.
“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.
They have the same access as any other color and shade of human.
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.
If these are such obvious and good ideas, then why did none of this happen when their icon Obama was president?????
And then when they can’t pay it back let’s call it “predatory lending!”
What a bunch of unmitigated RACISTS
There's a word for your type...RACIST!
You're The Man trying to hold them down, aren't you?
Worse, those EVIL BANKS MADE THEM BORROW the money!
They already have affirmative action. Just tells blacks they arent capable of making it on their own. They will never learn.
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!
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
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?
there must be at least 1000 sports whatevers and singing/talking heads that could put their money where their mouth is
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.
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