ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

In Biden's America, Black men and boys have little chance for success

The status report on the progress of Black males in America is very clear. In President Joe Biden’s America, the status quo for Black males is untenable. Here's why.

Starting July 24, the Commission on the Social Status of Black Men and Boys will host its latest summit in Washington, D.C., sharing a status report on the progress of Black males in America (or lack thereof). I will be there myself, joining members of Congress and other U.S. policymakers to assess the current state of race relations. 

Those expecting good news will be kept waiting. In President Joe Biden’s America, the status quo for Black males is untenable. Across the country, Black men and boys are falling behind because their politicians are failing them. From portraying Black males as victims to ignoring the root causes of their struggles, Democrats like Biden are only turning their backs on the very people they claim to support. 

Here’s a progress report for you: According to the Centers for Disease Control and Prevention, a Black male aged 10 to 43 is 13 times more likely to be murdered than a White man in the same demographic. Over Father’s Day weekend last month, 75 people were shot in Chicago, Illinois, 13 of them fatally — in a single weekend. Chicago and other Democrat-run cities have essentially turned into war zones. 

EX-DEMOCRAT TURNED REPUBLICAN BLAMES FORMER PARTY FOR FAILING SCHOOLS, HIGH CRIME IN HER COMMUNITY

New research shows that 38% of the people in prison are Black, despite making up barely 14% of the U.S. population. The problem isn’t "systemic racism," as Democrats so quickly claim. (After all, there are significantly more White Americans in prison.) The problem is fatherlessness, and it has been that way for decades. 

America is suffering through an epidemic of fatherlessness. It is our nation’s top domestic problem, given the residual consequences such as crime. While a lack of fathers can afflict all American households, including White households, it is a particularly severe phenomenon in the Black community. 

Nearly 70% of Black kids begin their lives in households with unmarried mothers. In 1965, the percentage of Black kids born out of wedlock was 25%, a number considered so alarming at the time that it prompted then-Assistant Secretary of Labor Daniel Patrick Moynihan to publish his now-controversial report: "The Negro Family: The Case for National Action." (Today, the percentage of White children born out of wedlock is nearly 30%.) 

And where is the talk of family in modern culture? Crickets from Hollywood, Big Tech, and the liberal media. 

With no role models, many Black children are growing up to become violent criminals, wreaking havoc, and ruining lives — including their own. Under Biden’s "leadership," people are losing their lives in broad daylight. Last year, my hometown of Los Angeles experienced an 11% increase in crime. In my old neighborhood, violent crime is roughly 1,700% higher than the national average. 

In our nation’s capital, carjackings have risen for their fifth straight year, more than tripling between 2019 and 2022. The D.C. police encounters over one carjacking per day on average, and there aren’t enough police officers to stop it. 

The common denominator is inept, ineffective leadership, primarily from Democrats who control most American cities. Of the 30 U.S. cities with the highest violent crime rates, the overwhelming majority are run by Democrats who care so much about affirmative action, reparations, and "critical race theory" that they refuse to be critical of the criminals making their streets less safe. 

Get this: Because of record car thefts in Baltimore, the city’s left-wing politicians — rather than catching and holding car thieves responsible — have sued car manufacturers like Hyundai and Kia, accusing them of manufacturing cars that are too easy to steal. That’s not a joke. 

In the process of making victims out of Black people and pimping them for votes, Democrats are turning their backs on those most affected by crime in Black communities: Black people themselves. 

"Woke" district attorneys — funded by left-wing billionaire George Soros — only make the problem worse, emptying jail cells and keeping criminals on the streets.

Take New York City, where District Attorney Alvin Bragg — one of America’s worst Soros DAs — ordered his prosecutors to stop seeking prison sentences for violent offenders and to downgrade felony charges, even for drug dealers and armed robbers.

I’m supporting model legislation called the "Enforce the Law Act" that would allow states to remove these DAs who refuse to do their jobs. 

CLICK HERE TO GET THE OPINION NEWSLETTER

Much to his credit, Donald Trump supported the bipartisan Commission on the Social Status of Black Men and Boys, amplifying a much-needed conversation on U.S. race relations. He understood the power of leadership — the only viable solution to America’s top domestic problem.

And, since its beginning, the Commission’s vision hasn’t changed: To lead "a national discussion to address the complexity and nuances of the varying conditions affecting Black males in the history of America’s cultural landscape." 

Ignoring the 10,000-pound elephant in the room — fatherlessness and crime — is a betrayal of that vision. Blaming "white supremacy," as Biden so often does, does nothing to address the millions of kids — and not just Black kids — entering the world without a father in the home married to a mother.

That attitude only does a disservice to the parents and children who ultimately suffer the consequences. 

On race, America’s current status report is "failure." Joe Biden receives a failing grade. Our only chance for an "A" is a change of leadership come 2024. 

CLICK HERE TO READ MORE FROM LARRY ELDER

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.