Look at all the graphs for the other races linked on that page. They all follow the same curve. Homeownership across the board followed that curve, not just for black Americans. You have an obvious agenda.
This is a classic “blame the Democrats for the mess created by Republicans” right wing tactic. Republicans shit their diapers, then get voted out, then immediately start complaining that it smells awful and why would the Democrats do this
It is to your claim that he specifically failed black americans.
And it’s also your move to prove that Obamas policies were actually the issue, because similar things happened all over the world, and a government can only do so much.
I said that he failed Black Americans, I did not say “specifically”. You imagined that I said that because it was a way to move the goalposts to invalidate my point without having to engage critically with what I was saying.
Barack Obama does not give a shit about the black community. He does not give a shit about working class Americans. He didn’t even give a shit about his own campaign staff in the end, kicking them to the curb as soon as they had fulfilled their purpose to hang out with celebrities. These aren’t unique traits to Barack Obama, but they are nevertheless an accurate assessment of him.
And it’s also your move to prove that Obamas policies were actually the issue, because similar things happened all over the world, and a government can only do so much.
I would agree that McCain would have failed the American people in the exact same way, but your insistence that “a government can only do so much” is false, because even in just the history of 20th century America we have an example of the government doing far more than it managed to do in 2009, as was pointed out by my earlier source.
Obama didn’t get to determine the state of the economy when he took over, but he had the largest mandate of any modern president and his economic recovery plan failed to deliver for anyone except bank owners.
“What it shows is we bailed out Wall Street — that wasn’t entirely Obama’s doing at all, that was Bush and the Federal Reserve, Ben Bernanke, and so forth — but housing was almost entirely under his control. Homeowners were not bailed out,” Ryan Cooper, one of the report’s authors, told The Intercept about the findings of the report.
The authors singled out the Home Affordable Modification Program for censure for seeking to incentivize mortgage services to modify loans.
The failures of HAMP are well-documented — it ended up helping big banks and doing very little for homeowners.
The authors suggest that the New Deal’s Home Owners’ Loan Corporation is a model that may have yielded different outcomes. HOLC purchased mortgages directly and refinanced them, but such a model of direct government intervention and control of an economic problem has been anathema to modern government officials.
What’s wild is that an HOLC-type solution as the auuthors suggest also would have bailed out the banks. It just would have done so in a way that saved homeowners too. Obama specifically pursued a policy that bailed out the banks without saving the homeowners.
The guy who offered first time home buyers 8k? Lol.
Observe the slow, uninterrupted decline that starts in 2004, doesn’t reverse during Obama’s term, and in fact doesn’t see any positive movement until late in Trump’s term, when COVID relief was being handed out.
Look at all the graphs for the other races linked on that page. They all follow the same curve. Homeownership across the board followed that curve, not just for black Americans. You have an obvious agenda.
not a great counterargument, I gotta say,
2008 was bad for all Americans.
This is a classic “blame the Democrats for the mess created by Republicans” right wing tactic. Republicans shit their diapers, then get voted out, then immediately start complaining that it smells awful and why would the Democrats do this
It is to your claim that he specifically failed black americans.
And it’s also your move to prove that Obamas policies were actually the issue, because similar things happened all over the world, and a government can only do so much.
I said that he failed Black Americans, I did not say “specifically”. You imagined that I said that because it was a way to move the goalposts to invalidate my point without having to engage critically with what I was saying.
Barack Obama does not give a shit about the black community. He does not give a shit about working class Americans. He didn’t even give a shit about his own campaign staff in the end, kicking them to the curb as soon as they had fulfilled their purpose to hang out with celebrities. These aren’t unique traits to Barack Obama, but they are nevertheless an accurate assessment of him.
I would agree that McCain would have failed the American people in the exact same way, but your insistence that “a government can only do so much” is false, because even in just the history of 20th century America we have an example of the government doing far more than it managed to do in 2009, as was pointed out by my earlier source.
What policies of Barack Obama do you think contributed to this?
Do you believe the president actually has a role in determining whether black people can achieve home ownership?
Obama didn’t get to determine the state of the economy when he took over, but he had the largest mandate of any modern president and his economic recovery plan failed to deliver for anyone except bank owners.
What’s wild is that an HOLC-type solution as the auuthors suggest also would have bailed out the banks. It just would have done so in a way that saved homeowners too. Obama specifically pursued a policy that bailed out the banks without saving the homeowners.
Aka you have no response