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Biden Fed nominee Lisa Cook backed reparations for Black Americans for slavery, discrimination (2022)
Fox Biz ^ | January 31, 2022 7:41am EST | Olson

Posted on 08/25/2025 9:54:28 PM PDT by dennisw

President Biden's nominee for governor of the Federal Reserve has said repeatedly that she supports reparations, the controversial proposed policy of financial compensation for Black Americans as a form of atonement for slavery and discrimination.

"Everybody benefited from slavery. Everybody," Lisa Cook, a Michigan State University professor, said in a September 2020 "EconTalk" podcast. "So, I think that we absolutely need some sort of reckoning with that. There are many proposals on the table to study the possibility of reparations, many economic proposals being put forward, and I think they should all be taken seriously."

Biden said during the 2020 presidential campaign that he supports the study of reparations. White House press secretary Jen Psaki doubled down on that last year when asked about H.R. 40, a House bill that would create a commission to study reparations. Cook said last March she supports that bill, too.

"One thing I do support is H.R. 40 which would put in place a commission to study this. I think that's absolutely what needs to be done," Cook said at a forum hosted by the University of California Berkeley Haas School of Business. "It's difficult not to comment on a particular plan because there could be many different plans to achieve the kinds of reparations that [two authors] are suggesting."

Cook also has a long history of more general liberal activism. She said in 2020 she supported "bail funds" that were active during the summer 2020 riots – the same kind of groups that Vice President Kamala Harris was criticized for backing in 2020. Cook also advocated for people to donate to Stacey Abrams' "Fair Fight" political group at the same speaking engagement.

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


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To: dennisw

Whatever benefit “everybody” has allegedly received from slavery has been more than squandered over the last 60 years and has become a tremendous liability to the country and generations who had nothing to do with it.


21 posted on 08/26/2025 2:24:42 AM PDT by mikey_hates_everything
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To: Ann Archy

This isn’t popular to say, but “everybody” includes blacks.

There - I said it.

It doesn’t mean I agree with slavery, or want it to come back. But the fact remains that the descendants of slaves are *much* better off than the descendants of those who stayed behind in Africa. Virtually no blacks are moving back to Africa.


22 posted on 08/26/2025 3:28:02 AM PDT by FreedomPoster (Islam delenda est)
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To: dennisw

After the civil war, the Republican congress approved reparations to all freed slaves, 40 acres and a mule. andrew johnson, the dim-0 prez who advanced from vp to prez when a dim-0 killed Lincoln for freeing the slaves, vetoed it.


23 posted on 08/26/2025 3:53:02 AM PDT by weezel
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To: FreedomPoster

They would be living in a mud hut and eating bugs.
Now they have a cell phone and EBT.
I would say they are the main beneficiaries.


24 posted on 08/26/2025 4:01:50 AM PDT by GranTorino (Bloody Lips Save Ship)
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To: Ikeon

“W/o slavery in America,”
S/B Americas like the caribbean and southern parts. The North American trade was only a small part of the trans-atlantic trade (5-6%). Most went south where they were worked to death.

Colonials, in North America, were not allowed to participate in the trns-atlantic moves;but they were the minor customers.

In a complicated world-wide ancient economic system,who determines where the major fault, now determined by 21st century values, lies?


25 posted on 08/26/2025 4:31:42 AM PDT by JeanLM (s )
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To: dennisw

What pablum.

Only slave owners benefited.

No one else and certainly not everybody.

My benefit was going to the back of the AA hiring bus for 60 years.

And I only look white, with and English name.

I resent being shook down by racist grifters.


26 posted on 08/26/2025 5:24:57 AM PDT by cuz1961
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To: JeanLM

I d9nt get your point. This article is talking about slaves sent to the north american continent. And I was specifically referring to those in the United States, who are demanding payment for what died 160 years ago.


27 posted on 08/26/2025 6:17:46 AM PDT by Ikeon (As a white kid in the u.s.I was taught to do what i was told, WTH were black kids told? )
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To: dennisw

Charge her for application falsification, convict her, then remove her.


28 posted on 08/26/2025 6:20:56 AM PDT by 1Old Pro
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To: AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; cardinal4; ...

29 posted on 08/26/2025 7:05:29 AM PDT by SunkenCiv (NeverTrumpin' -- it's not just for DNC shills anymore -- oh, wait, yeah it is.)
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To: cuz1961

You are a black immigrant who comes to what American black BS artists call a “racist” nation. This black immigrantswill get AA benefits even though he has zero American slave blood. His offspring will get AA benefits up the wazoo.

Its the biggest farce where you get African and Caribbean blacks immigrating here and getting instant AA benefits and preferences.

Obama- zero slave blood!
Eric Holder - zero slave blood! (his people immigrated from Barbados circa 1905)

Harvard is full of black students with zero American slave blood. They were 50% of all black students there a few years ago.


30 posted on 08/26/2025 7:11:06 AM PDT by dennisw (There is no limit to human stupidity)
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To: alexander_busek

Sorry to interrupt, but weren’t many Union soldiers immigrants from Germany?

There were even, or so I have heard, military units of the North in which German was spoken, and even the officers commanded their men in German.


31 posted on 08/26/2025 11:15:48 AM PDT by Menes
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To: dennisw
Obama- zero slave blood!

But he has slave-owner blood!

Regards,

32 posted on 08/26/2025 12:40:42 PM PDT by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: Iron Munro

They used to teach math and now very few of them can do math. It’s very sad.


33 posted on 08/26/2025 12:55:11 PM PDT by Toddsterpatriot (TANSTAAFL)
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