Here we go again – Biden will use the power of federal contracts to invest $100 billion over five years into minority-owned businesses by increasing their share of those contracts

What does this mean and what happened the last time the government interfered in the marketplace to obtain their desired outcome?

Daily Mail

Biden’s plan focuses on two key creators of wealth: homeownership and small business ownership.

Under his proposal, the Department of Housing and Urban Development will propose new regulations ‘to root out discrimination in the appraisal and home-buying process,’ according to a White House fact sheet, in a bid to boost black home ownership.

The administration also is seeking to address disparities that result in black-owned homes being appraised at tens of thousands of dollars less than comparable homes owned by whites.

And the president vowed to use the power of federal contracts to invest $100 billion over five years into minority-owned businesses by increasing the share of federal contracts awarded to those businesses by 50% by 2026.

. . .

On his trip, Biden will be joined by members of the Congressional Black Caucus.

The Tulsa visit comes a week after Rep. Hank Johnson, a Georgia Democrat, introduced the ‘Tulsa Greenwood Massacre Claims Accountability Act,’ which would help victims and their descendants seek reparations from the government.

Speaking of Tulsa, a march was held on Saturday to honor those who were killed in the 1921 massacre. Don’t misunderstand me: What happened then was a terrible crime against blacks in Tulsa and there is nothing wrong with commemorating that incident.

What I want to point out is the way in which these marchers are armed. Can you imagine what would be said if this was a group of white people protesting on Jan. 6?

This entry was posted in Government, Politics, Racism. Bookmark the permalink.

6 Responses to Here we go again – Biden will use the power of federal contracts to invest $100 billion over five years into minority-owned businesses by increasing their share of those contracts

  1. mugzey302 says:

    If the only way you can prove your worth is by demeaning someone else, then no amount of govt handouts will make you a success. Every ghetto in the country proves that.

    Liked by 2 people

  2. Menagerie says:

    Blacks will, as has been the case for decades, be taken care of by the government seizing assets from tax paying citizens. The need to resolve to settle for what government largesse gets them because the are going backwards in terms of societal progress and good will of the fellow man.

    I have little left in the way of support, sympathy, or belief in improving “relations” with minorities. Didn’t feel this way ten years ago. Got nothing left now.

    Liked by 1 person

    • Menagerie says:

      Sorry for the two the’s that should’ve been they’s. And the two words I just made up to illustrate my point.


      • mugzey302 says:

        Apparently democrats need to take a look in the projects and ghetto public housing they have promoted since the 60’s. Not just black folks in there, and none of those living there now had anything to do with slavery. Some made use of educational opportunities to rise up out of there to the middle class, but many more did not. Obama’s idea to move the projects out to the suburbs made a mockery of those who worked their way out of the project to the suburbs. But that’s the point of all of this ~ divisiveness, isolate us into tribalism, to make it easier to conquer us as a divided states of America.


  3. jeans2nd says:

    Well, since you asked….

    There are two vids, about 6 min, which should answer all questions re: economic diffs.
    Remember Ben Carson/Tim Scott’s Economic Empowerment Zones? Ya, so do I.

    As for reparations…take your queue in the line behind the Revolutionary War vets going forward, none of whom ever received what they were promised from our gubmint for fighting and dying for your right to complain now.

    Here are the two vids, pls listen to both –

    “‘Worst Case Scenario’: Biden Brought Worst Drop in Personal Income in History, While Inflation Soars” 3:21

    “2019 vs 2021: Steve Cortes Reveals Night and Day Difference in Trump and Biden Economies” 2:31


  4. Re-Farmer says:

    So they’re going to fight “systemic racism” through… systemic racism?

    Yeah. That makes sense… Not.


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