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Ben Carson admits that black Americans are struggling in Trump's economy


Added 07-21-19 12:59:01pm EST - “Donald Trump's Housing Secretary acknowledged that black home ownership at an all-time recorded low.” - Thinkprogress.org

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Posted By TheNewsCommenter: From Thinkprogress.org: “Ben Carson admits that black Americans are struggling in Trump’s economy”. Below is an excerpt from the article.

Secretary of Housing and Urban Development Ben Carson admitted Sunday that America’s black homeownership rates have fallen to the lowest levels on record during President Donald Trump’s administration.

Fox News Host Maria Bartiromo asked Carson about a recent report that black homeownership is way down, even as Hispanic homeownership is rising.

He blamed this decline on the lack of “wherewithal in terms of financial knowledge” of black people during the George W. Bush administration.

“Interestingly enough, black home ownership has declined significantly, particularly because of the housing crisis,” said Carson, Trump’s lone black cabinet secretary, referring to the economic meltdown of 2007 and 2008.

“People took advantage of a lot of people who did not have a lot of wherewithal, in terms of financial knowledge about housing. And you know, by manipulating debt-to-income ratios and the various types of manipulations for credit that were done, they put people into houses that they couldn’t afford.” The nation, he said, is “still recovering” from that meltdown.

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