President Biden on Tuesday will announce new actions meant to help close the ‘racial wealth gap,’ including directing $100 billion in federal contracts to “disadvantaged businesses.”
The announcement is being made to coincide with the 100th anniversary of the Tulsa Race Massacre, described by the Oklahoma Historical Society as “the single worst incident of racial violence in American history.”
The President will announce multiple initiatives that, as Axios reports, will “target homeownership and small business ownership” which the administration describes as “two key wealth-creators” for minority communities.
“Today … the Biden-Harris Administration is announcing new steps to help narrow the racial wealth gap and reinvest in communities that have been left behind by failed policies,” a statement from the White House reads.
Biden’s Tulsa trip, ‘racial wealth gap’ policies highlight stark divisions on race issues https://t.co/T1g0oGwZ5m @FoxNews
— All American Girl (@AIIAmericanGirI) June 1, 2021
RELATED: Biden Declares Economic Relief For Businesses Will Be Based Partly On Gender And Race
Funding Businesses Based On Race
President Biden’s announcement will include wide-ranging efforts to help close the ‘racial wealth gap.’
One such initiative will include “using the federal government’s purchasing power to grow federal contracting with small disadvantaged businesses by 50 percent,” according to the White House website.
This would “translate to an additional $100 billion over five years” being allocated to “helping more Americans realize their entrepreneurial dreams.”
This is how CNN describes Biden’s plan for slavery reparations: Biden to announce new steps to close racial wealth gap while marking 100th anniversary of Tulsa Race Massacre
— Scott Adams (@ScottAdamsSays) June 1, 2021
Other initiatives will include:
- A pair of rules designed to “end discrimination in housing” and “rethink established practices that contribute to or perpetuate inequities.”
- A $10 billion community revitalization fund meant to target communities “that suffer from the effects of persistent poverty, historic economic disinvestment, and ongoing displacement of longtime residents.”
- $31 billion in small business programs that “will increase access to capital for small businesses and provide mentoring, networking, and other forms of technical assistance to socially and economically disadvantaged businesses.”
“Because disparities in wealth compound like an interest rate, the disinvestment in Black families in Tulsa and across the country throughout our history is still felt sharply today,” the White House states.
GP Biden: “We are going to forcibly take property and wealth from the rich and give it to minorities because systemic racism and black lives matter and reasons.” https://t.co/t8zwMoj0iN
— The Gormogons (@Gormogons) June 1, 2021
It is unclear how the administration will identify so-called “disadvantaged businesses” to help close the ‘racial wealth gap.’
Biden Is Following Through
Just days before being sworn in as President, Joe Biden announced that economic relief provided by the federal government for struggling businesses would be based partly on the gender and race of the owners.
“Our focus will be on small businesses on Main Street that aren’t wealthy and well-connected, that are facing real economic hardships through no fault of their own,” Biden announced at the time.
He added, “Our priority will be Black, Latino, Asian, and Native American-owned small businesses, women-owned businesses, and finally having equal access to resources needed to reopen and rebuild.”
“Our priority will be Black, Latino, Asian, and Native American owned small businesses, women-owned businesses, and finally having equal access to resources needed to reopen and rebuild.” — President-elect Biden pic.twitter.com/pIyDuhf5pH
— The White House (@WhiteHouse) January 10, 2021
In other words, closing the ‘racial wealth gap’ means directing money to businesses based on the color of their owners.
It also means keeping money away from businesses with owners who don’t have the same skin color.
Racial discrimination is back in style in the Biden White House.
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This is pure Racism. I've never heard a president and so many politicians say "we will only help people of color and not whites" using taxpayers money is as unfair as you can get. There are whites that need help too. Believe it or not. I've lost all faith in the government.
Face it…Biden is NO "Unity" President, He is a racist, doing what he's told…
Investing in private business is a good thing, the problem is the same old use of racism black or white. Is this why they delayed help and opposed help to businesses that closed because of COVID and not will only fund black businesses. That is the very definition of racism and its no coincidence the white supremacists of the DNC that fought for slavery are doing it this way. "No racist act an opportunity that should not be explored", should be the DNC's motto.
In Obamas own words… Biden is finishing what they started
Biden is a white Al Sharpton.
Sewing racial division wherever he goes to advance his cause.
He's a typical self-serving career politician.
I'm always surprised by how racist government officials are. Why can't we all follow Dr. Martin Luther King's hope, to be judged by the content of our character and not the color of our skin?
This administration is a joke! They can not provide for one group over another based on skin color or race. They will loose in court on this one too.
This administration is in the process of buying votes for future elections. It is a disgusting transparent plot. All business owners who pay taxes are entitled to this help this regime is sending out. All people regardless of race who were burned out during the violent hate of all Americans who are not blm affiliated are entitled to this money. Biden you are a pitiful excuse for a president. You said you would represent the American people. You are a liar. You only go after special interest to keep you gang in place. You are spineless.
What did people expect when he walked into office and signed more executive orders than the previous 3 presidents – he is a complete communists and Hollyweird is right behind him – do not watch any movies anymore that give any of those lunatics 1 penny and the gas prices – its only going to get worse – everybodys hand is in the pie – thats all this is – lets see who gets the richest off the people – at least Trump donated his salary to charity – I bet Kammie and China Joe keep every dime – what a shame these people are to America
As a functional paraplegic I now rely on care givers to do the things I cannot do myself. Actually I want to do everything on my own but do know in some areas that just isn't possible and I am fine with their help. But the problem is that many times, thinking they are helping me, they are actually frustrating me. In short, the philosophy here is don't help me when I have not asked for help. So Mr. President, or should I say IDIOT? Don't help me. You think you're helping me but you are actually making things worse. Your help always comes with a munumental hidden cost. These are costs that I and no one else really need. So, please, blather to Jill all you want and have her tell you what a good job you are doing. After all, you're her money tree so naturally she's going to tell you just what you want to hear. Honestly, America would be a much better place if you were not even in the picture. Unfortunately it's too late to fix that problem on the short haul. However if you just sat back and said nothing, something you do with your gaffs, nonsensical jokes, not to forget your womanizing, sexual predator pediofiliac tendancies in public, we all would be much better off. You've already done something no other president has accomplished. Today you hold the honor of being the worst president the US has ever had. So just do the rest of our nation a big favor and put a sock in it. In case you don't understand the meaning of that, just shut your damn mouth and never speak again. STFU
Democrats holding political power PLUS the Klu Klux Klan EQUALS trouble for Black folks. That's how it was in Oklahoma, 1921
The wealthy tend to conserve and invest their money while the "disadvantaged will spend any extra on wine, women and song.
Trump 2024
More racial division by one of the biggest racists there is. Biden has always been a racist, his votes on more severe punishment on blacks and Latinos, his segregation bill. People are fools if they believe Biden isn't a racist.
So, another pork fest. Giving people something they didn’t earn, will never make them anything but government dependent, like many American corporations today.
Who pays for this? What happens to those that did the work put in the time do we now pay for this? Outrageous!
Is Biden's family first in line????
The racial wealth gap can be closed by people WORKING for it!!!
Small business focus from a small mind. Wa to go, Joe! Or, whoever is really in that head. It’s a reasonable question.
Best government that money can buy.
This idiot is so willing to give away our money to anyone he sees fit to make himself and his administration feel good about their racism and to buy votes. I love giving money away too as long as it is someone else's and not mine. No one appreciates getting free money. You have to work for it in order for it to be appreciated. This money he wants to give away has to be worked for by someone and they won't care what color their skin is.
Tulsa was bad but the slaughter at Wounded Knee and the genocide of Native Americans from the Civil War to the Spanish American war – murder. Continues today in Yemen, Afghanistan – 26,000 Afghan young men dead since 2016 employed by the US. Oh wait! They were protecting our freedoms?
Totally Agree on that point – all this money will just be burned down and looted again when something the give mes happens that they do not agree with – At least the Natives have taken what pittance was given them and built casinos and such – they are smarter than people think
Oh please, STOP with the PROPAGANDA and STOP the INSANITY! The party of DESTRUCTION is at it again… The dastardly media is stirring the cauldron once again!
Enough of this race baiting, close your racist mouth Joe really your mindless dink, I dont want to hear any more racial blithering, its all nonsense, anyone can do anything in this country and make any amount of money if they try or go to school no one is beyond doing this, this clown and the dems are nothing but racist dividers using racial division as a tool to tick people off and start problems if you dont see it you are blind, , people are wise to your nonsense really grow up you stooge
I'm tired of my tax dollars going for his racial crap. I think it is time for me to retire and keep all my money to myself.
Obiden is trying to make up for all his dumb racist remarks!
https://www.thecollegefix.com/college-senior-earns-degree-with-thesis-celebrating-mao-zedong-and-black-marxism/
This MOTHER FORNICATOR is a loose cannon, where the Hell are the republicans ?
ARE they all RINOS ?
Biden is the biggest fake and liar in government, of course he's gonna kiss big toes that's all he's got, the man is a crook, liar, and lived and got rich off the government he ain't snot.
or slave revolts That raped women, killed children.
That was democrate that killed them..
Trump already had in place Minority Economic zones. Trump gave 100 billion to urban areas. Plus gave 400 million to black colleges.
White-owned businesses should sue him for racial discrimination because that's what it is!
This site won't allow the truth. If you say Biden is br@!nle$$, it won't post it. Shame shame shame, political insider.
How does a lame brained jout=rnalist write a story without a single mention on where Biden gets the money or the authority to spend the money
The racism coin has two sides. Granting advantage to someone because of their race is the side the left claims, but they can't do that without discriminating against other races.
Until this puppet, his handlers, and their followers are removed our nation is doomed.
Guess what color Susan (how'd she make all those millions?) Rice and the rest of Beijing O'Biden's puppeteering handlers are?
So is Joe! Has been the 50 years in office.
This just seems very illegal and Un-constitutional
Think that is Barry Obama.
Are we now a 3rd world country with a dictator!!!
Is this why the Democrats were unconcerned with destroying their inner cities?
I expect that a group will challenge this in court, this is blatantly racist and sexist.
Something must be done to stop Biden
What about the White owned businesses burnt or destroyed in the Black riots and looting s ? Don't they matter just like the hundreds of innocent Blacks, including children, killed each week by Black criminals, lives don't matter. This is pure racism !!
This will never pass in the Supreme Court, he is a disgrace!
Enough of this race baiting, close your racist mouth Joe really you're a mindless dork, I dont want to hear any more racial blithering, its all nonsense, anyone can do anything in this country and make any amount of money if they try or go to school no one is beyond doing this, this clown and the dems are nothing but racist dividers using racial division as a tool to tick people off and start problems if you dont see it you are blind, , people are wise to your nonsense really grow up
This so-called "President" is a puppet for some entity, not a lover of country.
Wow this seems like a program that could really provide the BLM leadership with awesome real estate opportunities.
Biden is nothing more than a PUPPET, EVERY CROOK IN Washington has their hand up his back
This new tyrannical edict is a new-racist anti-white act. It needs to be challenged immediately like the other racist policy edicts of the biden-regime amd democrat/marxist party.
no. the SUPREME court – that was a federal district court. If the marxist-racist-fraud biden-regime appeals it may or may not be taken-up by scotus. This new tyrannical edict is a new-racist anti-white act. It needs to be challenged immediately like the other racist policy edicts of the biden-regime amd democrat/marxist party.
Unconstitutional, Biden just losing a related Supreme Court case.
Didn't the Supreme Court just knock down the Biden Admin, for trying to do this with Covid relieve to blacks only?
Isn't it funny how the Oklahoma Historical Society calls the Tulsa Race Massacre “the single worst incident of racial violence in American history.” But NO ONE says anything about the MILLIONS of American Indians that were massacred by American soldiers, both Black and White soldiers. I guess American Indians just don't count in America. I guess they just don't riot , loot and burn down enough American cities to be recognized. All of our Congress and the our so called President and Vice-President should take a tour of the reservations and stop spending money on ILLEGAL ALIENS and poor Black folks.