Sunday, May 03, 2015

Government policies

The government's role in holding back the Blacks of Baltimore. They should be very suspicious of more of the same, from segregationist city administrations to FHA to HUD to community organizers and academics on federal grants.

Nationwide, black family incomes are now about 60 percent of white family incomes, but black household wealth is only about 5 percent of white household wealth. In Baltimore and elsewhere, the distressed condition of African American working- and lower-middle-class families is almost entirely attributable to federal policy that prohibited black families from accumulating housing equity during the suburban boom that moved white families into single-family homes from the mid-1930s to the mid-1960s—and thus from bequeathing that wealth to their children and grandchildren, as white suburbanites have done.

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