• 4 months ago
At the presidential debate on Thursday, President Biden was asked about the challenges facing Black voters.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript


Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Category

🗞
News
Transcript
00:00Let's talk about persistent challenges you both faced in your first terms, and you'd certainly face again in a second term.
00:08President Biden, while black unemployment dropped to a record low under your presidency, black families still earn far less than white families.
00:18Black mothers are still three times more likely to die from pregnancy-related causes, and black Americans are imprisoned at five times the rate of white Americans.
00:29What do you say to black voters who are disappointed that you haven't made more progress?
00:33They acknowledge you made a lot of progress, number one.
00:36The fact of the matter is there are more small black businesses than have been started at any time in history.
00:41Number two, the wages of black—black unemployment is the lowest level it's been in a long, long time.
00:48Number three, we find that they're providing housing for black Americans and dealing with the segregation that exists among these corporate—
00:58these corporate races that collude to keep people out of their houses.
01:03And in addition to that, we find that the impact of—on the choice that black families have to make relative to child care is incredibly difficult.
01:17When we did the first major piece of legislation in the past, I was able to reduce black child care costs.
01:24I cut them in half, in half.
01:26We've got to make sure we provide for child care costs.
01:29We've got to make sure—because when you provide those child care protections, you increase economic growth because more people can be in the job market.
01:38So there is more to be done, considerably more to be done.
01:41But we've done a great deal so far, and I'm not letting up, and they know it.
01:45You have 49 seconds left.
01:48What do you say to black voters who are disappointed with the progress so far?
01:52I say I don't blame them for being disappointed.
01:55Inflation is still hurting them badly.
01:57For example, I provided for the idea that any black family, first-time homebuyer, should get a $10,000 tax credit to be able to buy their first home so they can get started.
02:08I made sure that we're in a situation where all those black families and those black individuals who provided, they had to take out student loans that were ballooning,
02:17that if they were engaged in nursing, anything having to do with volunteerism, if they paid their bills for 10 years on their student debt, all the rest is forgiven after 10 years.
02:30Millions have benefited from that.
02:32And we're going to do a whole lot more for black families.
02:35Thank you.

Recommended