OBAMA: “You have pockets of poverty, lack of opportunity, lack of education all across this country"

[kpete]

– Unrest in Baltimore –



Obama also spoke at length about the riots that broke out last week in Baltimore, just an hour’s drive from Washington, after the funeral of a young black man who died of a spinal injury sustained apparently while in police custody last month. Six officers have been charged.

He said there are a “handful of police who are not doing the right thing” in America and that in many inner cities there is no trust between police and the local community.

But most police are doing their best and the broader problem is to address poverty and unemployment that fuels anger among African-Americans, Obama said.

“What you have are pockets of poverty, lack of opportunity, lack of education all across this country, and too often we ignore those pockets until something happens, and then we act surprised,” the president said.



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http://www.rawstory.com/2015/05/obama-discusses-baltimore-on-last-david-letterman-appearance-many-blacks-dont-trust-the-cops/

[FreakinDJ]

1. Because of Trade Agreements like the TPP

[GeorgeGist]

2. Poor policing is not a consequence of poor people's behavior.

[Exilednight]

3. He recognizes and acknowledges the problem, but what

Is the plan to fix it?

[MisterP]

5. fix it, spread it via the TPP, same diff, no?

I mean, pockets of poverty mean we have areas and cities that AREN'T dead broke, meaning that these areas are holding themselves all high and mighty by daring to keep wages high

[NCTraveler]

4. Just an observation about the highlighted comment.

Excellent comment. Embraces so much in very few words.

[golfguru]

6. IMO....the #1 cause of economy in funk is...

ZIRP! Consider that bond market has bigger value than stock market, Apple included! Then you add all the seniors who have tried like hell to build some retirement savings in a long lifetime.

Well, bonds are paying next to nothing, CD's are paying next to nothing, saving accounts are paying next to nothing.

All that interest going into economy as spending has vanished.
It has obliterated demand for discretionary goods & services.
Can you calculate how much interest money is out of circulation if interest rates were 4-5% instead of zero?

I have never seen so many openings at Dentist's offices! I can now get an appointment within a week, easy!

The FED wrongly thinks ZIRP (zero interest rate policy) will create business expansion. That is putting cart before the horse. First you to create income, and demand will follow. Why would a business expand when demand is tepid.