2016 Postmortem
Related: About this forumHow has Wall Street benefited minorities?
Can someone help this dumb low-information white male voter?
Me, and millions of white working-class males have been hammered by Wall Street and the banks. My $40,000 a year job was sent to China. I was evicted from my apartment for not being able to pay rent. I need every dime I can grab, so I can't keep any of them in an off-shore account.
I find it inconceivable to vote for a bought and paid for Wall Street shill rather than a man who opposes the greed of the 1%.
Yet, here on this very site, there are many members of minority groups advocating just that. And to confuse me even more, I am being called a racist for supporting a Jew who wants economic equality.
So help me out. What am I missing? Has Wall Street been creating good jobs for minorities that aren't available to me? Are banks extending low interest loans to minorities that us white people can only dream about? Are minorities getting scholarships that are denied to white students? Is the healthcare industry giving free coverage to people of color?
I only get my news from the internet, so I'm unaware of all this. I sure hate being the last to know.
Tierra_y_Libertad
(50,414 posts)Well, maybe, someday, if one of their two candidates perform for them in the White House as well as they do in person.
Baobab
(4,667 posts)Diamonds, rubber, rare earths, tantalum, gold, a great deal of mineral wealth comes from Africa. Charles Taylor the warlord did business with Firestone.
JustAnotherGen
(31,681 posts)Minorities at DU are picking on you because you are homeless because you lost your job? I don't understand how that ties into health care. Or college students.
DemocratSinceBirth
(99,705 posts)And as a matrilineal Jew who has felt the lash of anti-semitism I find the use of my mother's religion as a cudgel appalling.
Cartoonist
(7,298 posts)I am being defensive.
DemocratSinceBirth
(99,705 posts)It's of no moment.
Cartoonist
(7,298 posts)Unless a person uses their religion to guide their policies, like Cruz or Huckabee.
Bernie doesn't do that.
Ken Burch
(50,254 posts)or, at best, cared less about it than about economic justice.
Bernie has never been timid in opposing all forms of institutional and grassroots bigotry. The poster was simply saying that it was absurd to accuse him of being a bigot when the candidate he is supporting is a civil rights activist from a religious and ethnic minority, and whose relatives were killed for their ethnic/religious identity.
The poster wasn't using Bernie's identity as a cudgel at all.
Broward
(1,976 posts)kcr
(15,300 posts)If you can't manage to do that, there might be a reason for it.
I find that to be a racist term.
kcr
(15,300 posts)You've also wondered why there can't also be a White Entertainment Television Channel?
Cartoonist
(7,298 posts)Hi Dave
kcr
(15,300 posts)All I can do is guess. Sorry I hurt your feelings, there. But I bet I'm not wrong.
Cartoonist
(7,298 posts)The name BernieBro is being used in a derogatory manner by certain people on this site. You must have missed those posts.
kcr
(15,300 posts)In fact, sometimes the very people being called that name are being namecalled because they're being racist. It isn't the only problem on the list of bad behavior, so Bernie Bro isn't synonymous with racist. But it's on the list of bad behaviors that sometimes earns the name.
Cartoonist
(7,298 posts)I don't disagree with everything else, but we still see things a little differently.
And yeah, your white TV remark was a racist insult. Got any more?
kcr
(15,300 posts)I can only work with the material I get.
dogman
(6,073 posts)She'll even give minorities free speeches.
Cartoonist
(7,298 posts)All major corporations are tied to the financial institutions of Wall Street, including universities and hospitals.
I am no longer homeless, though my future is dark. Bernie offers me light. Hillary is Wall Street's shadow.
hill2016
(1,772 posts)who work on Wall Street.
CentralMass
(15,265 posts)38.5% of African American children is the country are living in poverty.
All in it together
(275 posts)For moving money around, rather than that income going to regular Americans, People of Color or not, who are getting wages that are too low to live on. Or no jobs at all (because many jobs have been sent overseas) so that the top .01% can make even more money. So many African American youth have lot job opportunities because factories have moved overseas as well as other even better jobs because of downsizing. There are fewer jobs of all kinds for all of us. Obama has made a huge difference in re growing the economy, and there is still more to do. If we reign in Wall Street and the biggest corporations we can keep the economy from taking another down turn with fewer jobs and fewer opportunities. Hillary wants to protect those people who have it great already and let them keep on stealing from us. Let's celebrate and thank Obama at the same time we ask what more can we do to have better lives for everyone. We have much to do to make sure Black Lives Matter. and rooting out racism in our justice system. And we need to expand Social Security, not raise the retirement age. Hillary wants to enhance Social Security, she wants to make it a low income program. Once that's done the Republicans would cut it more and more. I'm glad Obama beat Hillary once and Republicans twice. We should be proud of what he's accomplished in the face of complete opposition from the Republicans. Unfortunately Hillary and the TV and radio talkers are ignoring or smearing Bernie Sanders and supporting the Republican point of view.
oasis
(49,151 posts)Recursion
(56,582 posts)And granting access to diverse markets to minority investors?
That's what Wall Street is for, right?
Cartoonist
(7,298 posts)That's great!
I guess Herman Cain was right. If you're not rich, it's your own fault.
Recursion
(56,582 posts)Many of those use the commercial papers market; many also received capital from institutional investors.
Furthermore, 68% of African American workers, 66% of Hispanic workers, and 80% of Asian workers have a 401(k) or other individual retirement plan
If you're not rich, it's your own fault.
That's a weird conclusion, and I'm not sure why you'd draw it; there are tons of obstacles to becoming rich, particularly for minorities. That said, minority business owners rely on Wall Street just like white business owners do.
Cartoonist
(7,298 posts)Wall Street is doing a fantastic job. There is no reason to enact new regulations. It is wrong to ask them to pay their fair share of taxes. And when corporations send jobs overseas, everyone benefits.
Thank you for informing me that poverty is vanishing among minorities due to the opportunities offered by Wall Street. I called myself dumb and uninformed in the OP, and I wasn't being sarcastic. I was under the impression that the middle class was in decline and that the income gap was increasing.
Hillary is going to do a great job of promoting Wall Street policies because the street smart people are going to get rich. Time for me to bone up on vulture capitalism.
Recursion
(56,582 posts)What a weird thing to think. Where did you get that idea? Personally I agree with both Democratic candidates that banking, insurance, and finance need more regulation.
Thank you for informing me that poverty is vanishing among minorities due to the opportunities offered by Wall Street.
Not sure how you got that out of what I said. Poverty is certainly lower for minorities than it was a generation ago, and incomes for minorities are higher than a generation ago (it should not be surprising those two are linked). "Vanishing" is really strong, and I'd personally walk that one back if I were you.
However, your question was how has Wall Street (which I took to mean "the financial sector" benefitted minorities, and I've given you the answer.
JaneyVee
(19,877 posts)It was just a misinformed rant posing as a naieve question.
Cartoonist
(7,298 posts)But my question is legitimate. I read many posts here by Hillary supporters who have no problem with her ownage by Wall Street. I can't figure out why. I'm not getting an answer either, just insults.
Cartoonist
(7,298 posts)Post 23.
You paint such a rosy picture.
Baobab
(4,667 posts)We cannot discriminate against their corporations. It will be just the same except the carve outs change. Instead of minority owned businesses certified LDC owned businesses get to discriminate.
Nye Bevan
(25,406 posts)For high-sales banking firms, loan denial rates were twice as high for minority-owned businesses.
Opportunity Finance Network (OFN)the national network of community business lendersrecently partnered with the Goldman Sachs 10,000 Small Businesses to increase small business capacity and lending in low-income communities in the U.S. Today, theyve selected 24 small business lenderscommunity development financial institutions (CDFIs) and other mission-driven lendersacross the nation to participate in the Small Business Finance Collaborative.
http://www.diversityjournal.com/14662-helping-minority-businesses-succeed-ofn-goldman-sachs-10000-small-businesses-partner-program-increase-minority-business-lending/
JaneyVee
(19,877 posts)A financial sector? From agriculture to vaccines? We would still be living like pilgrims.
CentralMass
(15,265 posts)Cartoonist
(7,298 posts)That's the difference.
As I said in my OP, I once earned a living wage. Wall Street was once my friend.
Onlooker
(5,636 posts)Hillary and Bernie voted the same way 93% of the time when they were both in the Senate. When Hillary was Senator, she was ranked 11th most liberal, more liberal than Obama. She does have some important differences with Bernie, but she's hardly the right-winger than some portray her as.
As far as Wall Street goes, Bernie doesn't dismantle Wall Street. He changes it. Wall Street is still going to drive the economy even under Bernie's plan. Will his plan be better than what we have now? In many ways yes, but that's true of Hillary's plan, too. Is Bernie better than Hillary on Wall Street? Yes. But, Hillary is actually pretty good on these issues, too.
Cartoonist
(7,298 posts)I was all set to vote for Hillary. I even forgive her for her Iraq war vote. But what you're missing is that Hillary has sold her soul to Wall Street since she left office. There is now a hyuuuge difference between our candidates.
was responsible for the 2008 mess.. what about that?
All in it together
(275 posts)She's very slow in standing up for real needed change. She's afraid of losing support from those who are right wing and can't wait for Bernie to get out of the race so she can go back to her middle (right wing) positions. Remember she told us she'd tell us what she'll do once she's the President. She and Bill Clinton took the party right, more austerity and less hope for those that could use help, people down on their luck. Families that need extra help, get less help. Etc.
We just want equality and a fair deal, and let America be a land of opportunity especially for those who've been held back by racism and slavery.
Broward
(1,976 posts)will excoriate you if you decide to stay home for the general and not vote for Hillary. IOW, they are actively backing a
right winger yet you'll be vilified for passively doing nothing.