Drudge Retort: The Other Side of the News
Sunday, December 10, 2017

Barack Obama's election marked a significant turning point in American history, and it was rightly celebrated as a sign of racial progress. But Obama's presidency came at a time of economic hardship, due to predatory financial practices that led to the 2007 recession. That, combined with the Obama administration's flawed housing policies, led to a major decline in African-American wealth during the Obama years, according to a new report from the People's Policy Project, a new Washington, D.C.-based think tank.

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Cooper and Bruenig are critical of the Obama administration's response to the financial crisis, taking aim at policies that bailed out large financial institutions while offering little help to homeowners. The authors singled out the Home Affordable Modification Program for censure for seeking to incentivize mortgage services to modify loans.

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That could be said about all wealth, not just African Americans. The bailouts for the uber rich banksters while giving next to nothing for the homeowner's decimated lots of families net worth. That's what happens when you have a private financed election system, money buys offices that buys policies and laws. It gets worse every year and exponentially so this year.

The solution is public financing of elections, banning private money, etc. What politician is going to propose a system like that and cut off millions and millions in money that can be used to fund jobs for family members?

#1 | Posted by 726 at 2017-12-11 01:50 PM | Reply | Newsworthy 1

This is on congress, the ones that pass law. Obama was soft on bankers, but it would have been easier to close gitmo than punish wallstreet, considering how many congress critters are bought and paid for.

#2 | Posted by bored at 2017-12-11 03:31 PM | Reply | Newsworthy 1

Is this the thread where Avigdore found the racism he couldn't see yesterday?

#3 | Posted by snoofy at 2017-12-11 09:09 PM | Reply | Funny: 1 | Newsworthy 1

Bullcrap article via the courtesy of a bullcrap poster.

#4 | Posted by Angrydad at 2017-12-11 10:31 PM | Reply | Newsworthy 1

"That could be said about all wealth, not just African Americans."

Many economic policies harm lower class Americans.

Often, the argument is made those policies harm blacks the most.

I've always dismissed those arguments.

I'll do the same here.

#5 | Posted by eberly at 2017-12-11 10:36 PM | Reply

well, i tend to somewhat agree.

#6 | Posted by ichiro at 2017-12-12 12:51 AM | Reply

"Often, the argument is made those policies harm blacks the most.
I've always dismissed those arguments."

You do know blacks are poorer than average Americans, right?
So why do you dismiss?
Is it all just too racial for you, and you'd rather not go there?
Or could it be they actually harm Native Americans more than blacks, is that your out?

What's your game, Eberly?

#7 | Posted by snoofy at 2017-12-12 03:22 PM | Reply

What Snoofy said.

What is the basis for dismissal?

#8 | Posted by BruceBanner at 2017-12-12 06:47 PM | Reply

Obama wasn't trying to harm blacks. He may have, but I don't believe that was his intent.

Bill Clinton ramped up a war on drugs that harmed who the most?

Blacks, of course. Did Clinton intentionally mean to harm blacks more? I don't think so.

Which is why I dismiss those arguments.

If you see the comment I was addressing, you'll see that your beef is with 726.....not me. He is the one dismissing it in this thread before I do.

#9 | Posted by eberly at 2017-12-12 07:19 PM | Reply | Newsworthy 1

#1 | Posted by 726
Just like Stalin.

#10 | Posted by Federalist at 2017-12-12 07:27 PM | Reply

Eberly, I don't think the argument is about intent. Merely impact.

You are inferring what was not implied.

#11 | Posted by snoofy at 2017-12-12 07:36 PM | Reply

11

You're joking right?

The headline implies it.

And it's been expressed by many like you in the past.

All the race baiters have repeatedly done it.

#12 | Posted by eberly at 2017-12-12 07:47 PM | Reply

Snoofy, take it up with Frankie.

Oh, you won't but if you had any integrity you would.

#13 | Posted by eberly at 2017-12-12 07:48 PM | Reply

#9. Excellent post. NW

#14 | Posted by JeffJ at 2017-12-12 08:40 PM | Reply

Obama wasn't trying to harm blacks. He may have, but I don't believe that was his intent.

Almost every politician in Washington is doing the bidding of the 1%. Hell, they become the 1% through the legal kickbacks and graft that is thrown around in Washington. They know where the bread is buttered.

I agree with Eb. I doubt Obama was deliberately trying to harm African Americans which is what this article is implying. It is patently false. His policies ended up harming them none the less.

You want a government that serves ALL Americans, get private money out of the system.

Right now it serves Wall Street, banks, multinational corporations and billionaires only.

If Trump was sincere in draining the swamp, he would not have filled his cabinet with entrenched swamp dwellers. But that is what happens when your VP and head of the transition team is a lifelong swamp dweller as well and he was just too lazy to put any effort into it when there is so much golf to be played. So he was either lying, lazy or incompetent. Take your pick.

#15 | Posted by 726 at 2017-12-13 08:26 AM | Reply

"Bullcrap article via the courtesy of a bullcrap poster."

Well said Angrydad!

#16 | Posted by danni at 2017-12-13 10:28 AM | Reply

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