Okay. Was I the only one to catch the slight Rick Warren said in his prayer at the inauguration on yesterday? Specifically referring to President Obama as, "...a descendant of an African immigrant."
Technically speaking, we're [African-Americans] are all descendants of African immigrants, even if some of our forefathers were brought here by force.
Come on! Give the man and our people some respect. He's an African-American and he's a pragmatist!
Showing posts with label black american society. Show all posts
Showing posts with label black american society. Show all posts
Wednesday, January 21, 2009
Monday, January 12, 2009
It's Your Money: So where has $325 billion in bank bailouts gone?

O.K. I woke up this morning only to find that our government does not know where $325 billion in bank bailouts has gone. Not that having no accountability standards isn't bad enough, but the banks, who begged us [taxpayer] for this money, are refusing to let us know how they used it! According to Money Morning, " billions in U.S. bank rescue funds are financing buyouts worldwide - instead of lending at home. Some of those buyouts deals are being done in markets as far away as China. Meanwhile, credit remains tight here in the U.S. market, a situation that could be alleviated if only the banks made the bailout money available to consumers in the form of loans."
Folks, this is utterly ridiculous and shows that the flawed institutional and public policies that got us into this mess still exists in Washington today--greed, corruption, hidden agendas, elitism, and institutional racism are still running amuck in D.C.
So, where has the money gone? Perhaps to pay shareholders instead of lending money to the American public as the money was intended. Democracy Now! raised concerns as far back as October of this year:
" ...major US banks are on pace to spend more than half their bailout money on rewarding their shareholders. The thirty-three banks are set to receive some $163 billion in government bailouts. Half of that sum would go toward paying off shareholders over the next three years. The Bush administration touted the bank bailout as necessary to resume lending. But Treasury officials say the banks
would never accepted loans if they were n’t allowed to redistribute dividends to shareholders. Democratic Senator Charles Schumer of New York is calling for the suspension of dividend payments at bailed-out banks."
As reported by Globalreaserch.ca, perhaps some of it went to buy out ailing competitors.
My point is neither the Government nor the taxpayers are aware of where and how this money was spent, so chances are it's not being spent wisely or for the purpose for which it was intended--to help the average American citizen maintain their lifestyle.
Barack Obama, I'm asking you, are you going to put an end to this stuff or just continue with "business as usual?" 'Cause the people want to know.
Saturday, January 3, 2009
The Biggest Issue On Your Mind: Getting Permission To Puff?
Last week, the website Change.gov — the official website of the Obama Transition Team — asked the public to provide them with a list of the top public policy questions facing America. Visitors to the site were then asked to vote on which questions should take priority for the incoming administration. According to the website, “participation … outpaced our expectations. … Since its launch … the Open for Questions tool has processed over 600,000 votes from more than 10,000 people on more than 7,300 questions.” Ironically but perhaps not surprisingly the top question for the new administration — as chosen on and voted by the general public — was one most politicians seem utterly unwilling to talk about. “Will you consider legalizing marijuana so that the government can regulate it, tax it, put age limits on it, and create millions of new jobs and create a billion dollar industry right here in the U.S.?” To anyone thinking the #1 question was some kind of fluke, consider this: More than a dozen of the top 50 vote-getting questions pertained to amending America’s drug policies. Now, consider the state of our nation: we have record home foreclosures, record job loss, a stock market in crisis, the near collapse of the banking industry, the airline industry is in trouble, businesses are closing in record numbers, the automobile industry is almost defunct, we're fighting a war on two fronts (Iraq and Iran) with no foreseeable end in sight, we're "fighting" a war on terrorism, thousands of working families are still without health care, AIDS and HIV are becoming the number one killer of black women, the problem of illegal immigration and our boarders still needs to be solved, and the Government (and therefore the taxpayers) have bought out just about every major industry thereby making this a socialist nation.
Given all of this, I really don't think that the main thing on our minds is whether the President-elect will legalize marijuana. In fact, CNN conducted a poll in December of this year and the top issue for three-quarters of Americans...unsurprisingly, the economy. Furthermore, I just don't think this is the "change" we voted for: yet, considering how bad things are right now, to many, maybe it is.
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