Blacks Lose $193 Billion in Wealth… Joyner, Tavis, Cornel Bicker on Barack

Tavis + Prof. West: C'mon people.
President Obama and the CBC

“Spillover wealth lost to African American communities between 2009 and 2012 as a result of depreciated property values alone will be $193 billion…” — Black Enterprise … 17% black unemployment. 16.2% overall. Remember as you need read this: Inter-family battles come at a cost.  They cost time and energy better spent on fixing a problem or, in this case, a slow moving economic disaster.  You’d think certain stats from the last 5 years would focus the mind but I guess not.  The Black community, at some point, needs to ask itself: Is the measure of one’s “blackness” how much you love Barack Obama or how much you want to fix the massive problems facing blacks disproportionately?

Tom Joyner, Tavis Smiley, Al Sharpton and Cornel West fight over whether President Obama does enough for blacks… or whether anyone black should be critical of him… or whether he’d be criticized the same way as a white President… or whatever….  Last Friday, Tom Joyner decided to throw down, once again, on Tavis and his “sidepiece” Prof. West once and make a connection between MSNBC/TIME magazine contributor Mark Halperin calling the President a “dick” on live TV.  There’s a connection Joyner said, between the things Prof. West and Tavis Smiley have said about President Obama in the past and that incident.  You know what I say: Who cares. The black community currently does not have the luxury of having its most important intellectuals, broadcasters and community oganizers tied up in knots over nonsense.  Perhaps Mr. Joyner believes the issues he outlined in Friday’s column are of the utmost importance.  Question: Are they more important than $193 billion of lost wealth in three years?

Tom Joyner

From what I can see, Rev. Sharpton does lots of TV, Tavis sells books and Joyner has a really successful radio show.  What does black America have? Record unemployment, record losses of wealth, a foreclosure crisis and perhaps the worst economic crisis since the Great Depression.  And what do Mr. Joyner, Rev. Sharpton, Prof. West and Mr. Smiley spend their much of their time doing?  Arguing with each other about petty nonsense. Surely these guys can do better than this right? People often criticize the CBC for being critical of President Obama — but at least that’s on policy.  What’s this about? Inauguration tickets and books?

If you’re wondering why you shouldn’t care what guys who sit in a radio studio all day are doing… read just one of the articles below… Tom Joyner and Tavis bicker as the black community travels through one of the worst periods in maybe 50 years.

April 2007: USAToday – Minorities Hit Hard by Subprime Loans
March 2009: The Oregonian – Black-White Wealth Gap Rises as Economy Falls
May 2010 – The New York Times – Blacks in Memphis Lose Decades of Economic Gains
July 2011: Black Enterprise – Billions in Wealth Loss Since Foreclosure Crisis Began
November 2010: TheLoop21 – The Unreported Economic Depression in Black America
July 2010: The Final Call – Losing Homes, Losing Wealth and a State of Emergency
June 2010: The Washington Independent – Race and the Foreclosure Crisis