Article

2023-04-13 -Great Cultural Revolution

Susan Rice roasted for claiming racism has cost the US $16 trillion: 'This is nuts'

[FoxNews] Social media users mocked White House Domestic Policy Advisor Susan Rice’s claim that racism has had a massive impact on the U.S. economy during a speech on Wednesday.

Rice appeared as a guest at the National Action Network's, founded by Al Sharpton, convention in New York City to speak about the White House’s commitment to promoting civil rights. During her speech, she made the radical claim that the United States has suffered a $16 trillion shortfall because of racism.

"In the last 20 years, the U.S. had a GDP shortfall of $16 trillion due to discrimination against Black Americans. If we closed our racial gaps, we could add another $5 trillion to GDP over just the next five years. And in case you’re wondering, that’s not my math, that’s, according to Citibank. We all benefit when every community has the chance to thrive," Rice said.

This claim faced scrutiny and scorn by Twitter users for the extreme estimate about the impact of racism.

The Citibank report cited by Rice claimed, "The analysis in the report that follows shows that if four key racial gaps for Blacks —wages, education, housing, and investment — were closed 20 years ago, $16 trillion could have been added to the U.S. economy. And if the gaps are closed today, $5 trillion can be added to U.S. GDP over the next five years."

Elsewhere during the conference, Rice attacked Republican policies regarding education and critical race theory.

Posted by Skidmark 2023-04-13 08:27|| || Front Page|| [11143 views ] Top

#1 I bet the number is more that $16 trillion, but its not the number she is making up. Its how much the racism behind all the programs, welfare, medicare, food stamps, has cost the taxpayers over the years since the LBJ Great Society. The discrimination has been against the majority of the American people forced to pay for subsidies and preferential treatment of non-whites over the years.

Posted by NoMoreBS 2023-04-13 17:11|| 2023-04-13 17:11|| Front Page Top

#2 The analysis in the report that follows shows that if four key racial gaps for Blacks — ~~wages~~ education, education, ~~housing~~ education, and ~~investment~~ education — were closed 20 years ago, $16 trillion could have been added to the U.S. economy.

Get the education thing working and all the rest falls in line. Without it, there are not a lot of opportunities.

Perhaps the teacher's unions could explain why test scores and graduation rates have been flat for decades. Of course, having a dependent population is handy at election time. Vote for me and I'll set you free!

Posted by SteveS 2023-04-13 17:25|| 2023-04-13 17:25|| Front Page Top

#3 I think she meant to say will cost $16 trillion

Posted by Airandee 2023-04-13 19:56|| 2023-04-13 19:56|| Front Page Top

09:43 Mullah Richard
09:27 Warthog
09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker