They Say We Are Too Dependent On Government
I beg to differ in that they themselves are much more divisively or collusively dependent on the institutional callousness that government proffers with inequality as a benefit at our expense
No one in recent history makes this assessment more clearer than the President of the United States — Donald J. Trump. A charlatan-esque entrepreneur who has managed to file not 4 but 6 Chapter 11 bankruptcies to resounding gall and to great effect in his illustrious career.
You’ve taken business bankruptcies six times.”
— Hillary Clinton
“On occasion — four times — we used certain laws that are there.”
— Donald Trump
THE FACT CHECKER | Clinton is correct.
Trump’s companies have filed for Chapter 11 bankruptcy protection, which means a company can remain in business while wiping away many of its debts. The bankruptcy court ultimately approves a corporate budget and a plan to repay remaining debts; often shareholders lose much of their equity.
Impressed aren’t you? You may not be impressed by these particular business failings as any rational banker or investor would advise. But you might have snickered or chuckled at the sheer cruelty of it though, because it symbolizes an absurd entitlement in the shared identity or representation it imposes in the fraudulent social construct of white male social dominance.
I would be socioeconomically punished with nary of social capital left if I were to accomplish just one bankruptcy. The fact that this punishment would incur a social indictment of homelessness or impoverishment for the remainder of my days in stark contrast to how Mr. Trump and many like him has been able to “use certain laws that are there” 😉 that grant immunity or a pass at their disposal would probably have you laughing your ass off. Adam Sewer of the Atlantic hears that same laughter in many other instances too.
We can hear the spectacle of cruel laughter throughout the Trump era. There were the border-patrol agents cracking up at the crying immigrant children separated from their families, and the Trump adviser who delighted white supremacists when he mocked a child with Down syndrome who was separated from her mother. There were the police who laughed uproariously when the president encouraged them to abuse suspects, and the Fox News hosts mocking a survivor of the Pulse Nightclub massacre (and in the process inundating him with threats), the survivors of sexual assault protesting to Senator Jeff Flake, the women who said the president had sexually assaulted them, and the teen survivors of the Parkland school shooting. There was the president mocking Puerto Rican accents shortly after thousands were killed and tens of thousands displaced by Hurricane Maria, the black athletes protesting unjustified killings by the police, the women of the #MeToo movement who have come forward with stories of sexual abuse, and the disabled reporter whose crime was reporting on Trump truthfully. It is not just that the perpetrators of this cruelty enjoy it; it is that they enjoy it with one another. Their shared laughter at the suffering of others is an adhesive that binds them to one another, and to Trump.
One of my fondest of Medium writers has written with emotive demonstrability about the effects of the government shutdown as well as the mysticism of the numbers surrounding Black unemployment and its significance as well as the methodology of capturing unemployment in general.
The President Lied About The Reasons For Black Unemployment (Again)
Last night, I watched the President’s address to the nation and expected lies on top of lies, and he didn’t disappoint.
First, people need to understand how national unemployment data is collected. The way our government collects unemployment data will never give America the true picture regarding how many able-bodied adults are unemployed, because of the criteria and metrics used for their definition of who or what unemployment really is.
What really struck a chord with me was this uncontroversial yet substantial reasoning for Black unemployment.
White people discriminate against Blacks regardless of our education and licensing credentials, credit history, and/or criminal background.
This is emphatically evident by and large with wide accounts including by my very own. If by chance you are gainfully employed you would have most likely have been segregated into your position in the workplace or trapped in a glass box. Demotion?…🤨 pssst you would be fired or let go.
Workplace segregation is another huge issue for Blacks that is not discussed.
This got me right here 😔 so much so that I had to respond.
The findings in the research study that Marley K. linked firmly postulates that workplace segregation is cogent enough simply by this institutionalized and shared attitude and belief to sustain the status quo of their (White males) social dominance.
In the stratification economics model proposed by Professor Darity or in the identity economics model developed by economists George Akerlof of Georgetown University and Rachel Kranton of Duke University, economically advantaged groups such as white men in the United States support institutions that perpetuate segregation in order to maximize their own socioeconomic power or sense of identity.30
To those who consider our thoughts and concerns as whiny or delusional in self-imposed misery (thanks Candace Owens), let me be clear. It isn’t merely a lack of gumption that many conjured up Horatio Alger stories conspire to do in deflating and demoralizing us in spite of the disproportionate numbers of Blacks that are unemployed. The disadvantage perpetuated unto us afforded by the advantage fraudulently secured and socially constructed by whites requires more than just the over-simplistic mythology behind bootstrapping your way out of poverty dilemma that we face. As entrepreneurs there is systemic discrimination within many of our storied institutions in our social interactions — that perversion celebrated by a racialist society serves as an immoral obstacle and burden to attaining some level of subsistent success.
[…]Black entrepreneurs seeking loans for their businesses were subjected to far more scrutiny compared to their equal or less creditworthy white counterparts.
“This research provides us with a new lens through which to look at disparities faced by African American business owners,” said Stella Adams, Chief of Equity and Inclusion at NCRC and one of the lead researchers in the study. “The study shows that it’s access, not assets, that serve as a barrier to the capital and credit necessary to grow a business.”
While discrimination experienced by minorities seeking home ownership has been studied and addressed in a variety of federal laws designed to prevent it, this new research focused on how discrimination impacts minorities seeking business loans, which has not been documented as thoroughly.
Study based on research done at 17 financial institutions in East Coast cities between May and July 2017.
I don’t mince words here, subsistence is a plausibly humble goal for any small business. Anything above that is luck bestowed or a Matthew Effect of some sort. That extra is merely bonus or icing for the cake.
This is why I either pause or am deeply offended by bootstrapping ideologies. The problem is not that easy to overcome. By the way each time you apply for a loan you bear the consequences of credit score dings or decreases because 1) you have an inquiry, and 2) you failed to obtain the loan.
Study documents discrimination against black entrepreneurs
Banks were twice as likely to offer white entrepreneurs help with their small business loan applications compared to…
Having comparable credentials to privileged whites for Blacks like myself are not a hinderance, nor an impotence. There are many of us who have it and have stood up against discrimination to get it. My credit score, my education, my experience, my skills, and the lack of a criminal record — all accompanied by my gumption — still however does not bestow privilege upon me like it does for Trump and the like a business loan that easily as is suggested or inferred. And if this were to be serendipitously granted the rate of interest attached along with its contractual conditions would see to it that I fail.
To add insult to this injurious plight, simply going out to obtain clients or bring in customers will have its own set of prejudices to contend with. This will lead to reduced profits and overall business instability making the likelihood of business failure surpass any national or local average currently cited. That proof is not only in the pudding or apple pie rather but in the cruelty (of laughter) that is shared.
Only the president and his allies, his supporters, and their anointed are entitled to the rights and protections of the law, and if necessary, immunity from it. The rest of us are entitled only to cruelty, by their whim. This is how the powerful have ever kept the powerless divided and in their place, and enriched themselves in the process.
The Cruelty Is the Point
Read Adam Serwer on why the Supreme Court is headed back to the 19th century Their names have mostly been lost to time.…
As I am bearing witness to the fate read in many articles like Marley and others, I am perplexed, saddened, and irritated by those extenuating and consequential circumstances. This inevitably leads to what has been grossly overlooked and underestimated in underserved and disadvantaged communities of color — particularly Blacks , and that is the psychological distress that comes along with it.
Psychological distress has been defined as “a number of uncomfortable subjective states” and can take on three forms — malaise (somatic symptoms), anxiety, and depression (Mirowsky & Ross, 1986). Psychological distress is associated with higher risk of mortality (Pratt, 2009), cardiovascular disease (Ferketich & Binkley, 2005), poor self-rated health (Farmer & Ferraro, 1997), chronic health conditions and smoking (McGuire et al., 2008), and lower likelihood of a routine checkup within the past five years (Pearson et al., 2009). Despite the importance of this issue, most past research has been dominated by race-comparative analyses between Blacks and Whites, generally finding higher levels of psychological distress among Blacks. There is a relative dearth of research investigating psychological distress among Black Americans.
Serious Psychological Distress Among African Americans: Findings from the National Survey of…
Despite their low social standing, there remains a paucity of research on psychological distress among African…
If only this could receive the status of national crisis that the opioid crisis did last year when the president declared it to be a public health emergency. But if that were to be done (with twilight zone implications) that too would have resulted in being just a facile pr stunt.
Trump declared an emergency over opioids. A new report finds it led to very little.
To much fanfare last year, President Donald Trump ordered his administration to declare a public health emergency over…
My thoughts and well wishes are with everyone affected by this government shutdown during this period and my hope is that this nonsense will end soon. But not only that, I am hoping as well that a more uniform change in perspective and sentiment will follow in how interdependent we are in terms of the national economy and its sustainability to create opportunities that could be gleaned by this remarkable travesty. I hope we all could take it to task.