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June 1, 2021


 By: Nathaniel BALLANTYNE 

TrueNewsblog – One hundred years ago today, white assailants stormed a prosperous Black neighborhood in Tulsa, Okla., leaving the area known as a hub of African American entrepreneurship in total ruin and massacring hundreds of Black people. 

Survivors who saw their family members murdered or businesses torn to bits never saw a penny in compensation — and insurance companies declined most of their claims. And for a long time, the horrors of that day were buried.

A century later, the nation still reels from racism — and President JOE BIDEN will head to Tulsa today to offer words of healing, once again donning his hat as sympathizer-in-chief.

The president will give a speech and meet with the families of those lost that day. Ahead of his visit, he issued a proclamation calling on Americans to “commit together to eradicate systemic racism and help to rebuild communities and lives that have been destroyed by it.” 

IN CONJUNCTION WITH THE TRIP, the Biden administration this morning announced initiatives designed to close the racial wealth gap. They include a proposed rule by HUD to counter discriminatory housing practices, as well as an effort to address inequities in home appraisals.

The administration is also planning to increase the share of federal contracts that go to “small disadvantaged businesses” to 50% over the next five years. The White House says that will provide an additional $100 million to those businesses. CNN’s Kate Sullivan has a story on this

In an interview with POLITICO on Monday night, NAACP President DERRICK JOHNSON said the administration was headed in the right direction on closing the wealth gap, but criticized its lack of movement on student loan forgiveness. “Until we address the student loan debt crisis, which disproportionately impacts African, we can never get to the question of home ownership, therefore accumulating wealth,” Johnson said.


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