The Biden administration has been accused of using the race card again by highlighting how racial discrimination against black Americans has allegedly cost the U.S. economy $16 trillion over the past two decades. Susan Rice, the Director of the United States Domestic Policy Council, raised this issue during a National Action Network convention and emphasized that addressing racial disparities could potentially increase the country's GDP by $5 trillion in the next five years. However, it should be noted that the figures cited by Rice are not her own, but were originally presented by Citibank.
You can buy racism?https://t.co/jFphPu0heG
— Daily Caller (@DailyCaller) April 12, 2023
Citibank's report titled "Closing The Racial Inequality Gaps: The Economic Cost of Black Inequality in the U.S" stated that closing the racial disparities for black Americans could potentially generate $13 trillion in business income and make $2.7 trillion available for consumption. The report even went on to suggest that it could potentially create 6.1 million new jobs annually. However, the question arises: is it fair to continually cast black Americans as victims of every economic downturn in the country? The answer to that is a resounding no.
Furthermore, this is not the first instance of the Biden administration pushing for drastic reforms to advance equity. In February, Biden authorized the creation of "Agency Equity Teams" through an executive order, which followed an earlier directive to ensure that the government's use of artificial intelligence promoted "advanced equity." It appears that they are attempting to persuade the public that progress can only be achieved by implementing equity quotas rather than promoting equality and individual accomplishment.
Although the Biden administration has not explicitly endorsed the concept of reparations, Democratic Representative Sheila Jackson-Lee of Texas proposed a bill called the "Commission to Study and Develop Reparation Proposals for African Americans Act" or HR 40, which seeks to examine reparations. However, is racial examination genuinely the solution to promoting equality? The answer is no.
We all aspire to foster growth, advancement, and prosperity in our nation, but it must be done without pitting one group against another. Each community deserves an opportunity to flourish, making this matter about equality rather than promoting a specific agenda.