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Quote by Michael Bloomberg

“Look at the streets! The people have smiles on their faces, they're hustling and bustling and going places, they're well-dressed, there's lots of construction going on. It's kind of hard to feel sorry for an economy like this.”

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Michael Bloomberg

Michael Bloomberg, born on February 14, 1942, is an American politician and businessman. He served as the Mayor of New York City, where he focused on improving city infrastructure, promoting economic development, and enhancing the quality of life for citizens. In the business world, Bloomberg has also made significant achievements, having founded and led Bloomberg L.P., one of the world's largest financial information companies. more

“Higher minimum wages, full-employment programs, early-childhood education: Those kinds of programs are, by design, universal, but by definition, because they are helping folks who are in the worst economic situations, are most likely to disproportionately impact and benefit African Americans. They also have the benefit of being sellable to a majority of the body politic.”

“This is where I think policies do need to be somewhat race-specific, is making sure that institutions are not discriminatory. So you've got something like the FHA [Federal Housing Administration], which was on its face a universal program that involved a huge mechanism for wealth accumulation and people entering into the middle class.”

People Thinking Needs Faces Wealth Race Class Middle Policy Huge Involved Program Universal Institutions Administration Middle Class Mechanism Entering Housing Accumulation

Author:Barack Obama

“If, in [Federal Housing Administration] application, black folks were excluded from it, then you have to override that by going after those discriminatory practices.”

Ifs Black Practice Folks Administration Application Housing Excluded

Author:Barack Obama

“The same would be true for something like Social Security, where historically, if you just read the law and the fact that it excluded domestic workers or agricultural workers, you might not see race in it, unless you knew that that covered a huge chunk of African Americans, particularly in the South.”

Ifs Facts Might Would Be Law Social Race Security Huge South Workers Being True African American Covered Social Security Excluded Chunks

Author:Barack Obama

“Reinvigorating the Civil Rights Division of the Justice Department, making sure that in our Department of Education, where we see evidence of black boys being suspended at substantially higher rates than white boys for the same behavior, in the absence of that kind of rigorous enforcement of the nondiscrimination principle, then the long-standing biases that I believe have weakened, but are still clearly present in our society, assert themselves in ways that usually disadvantage African Americans.”

Quote by Michael Bloomberg

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