A few weeks ago, the Rev. Calvin O. Butts III, the influential pastor of the Abyssinian Baptist Church in Harlem, came to a difficult decision, one he had wrestled with all summer.
Daniel Barry for The New York Times
"What could I say to a man who was mayor, and was supportive of a lot of programs that are importan to me?" said Rev. Calvin O. Buts III, the pastor of the Abyssinian Baptist Church in Manhattan.
He would not endorse William C. Thompson Jr., the city comptroller and a longtime friend and ally, for mayor, as he had promised Mr. Thompson last spring. Instead, he would endorse Mayor Michael R. Bloomberg.
Mr. Thompson was furious at the betrayal. But what he did not know was that Mr. Bloomberg gave a $1 million donation to the church’s development corporation — roughly 10 percent of its annual budget — with the implicit promise of more to come.
“What could I say to a man who was mayor, and was supportive of a lot of programs that are important to me?” Mr. Butts said in an interview before he endorsed Mr. Bloomberg.
In his quest for a third term, Mr. Bloomberg has deprived Mr. Thompson of what many once regarded as his political birthright: the blessings of the city’s most powerful black ministers, who together preach to tens of thousands of congregants each week. And to win them over, he has deployed an unusual combination of city money, private philanthropy, political appointments and personal attention, creating a web of ties to black clergy members that is virtually unheard of for a white elected official in New York City.
Obama’s Fed Chairman Makes Racially Embarrassing Remarks
Tags: ben bernanke racist comments, black wealth
by Dr Boyce Watkins, Syracuse University, Your Black World
I’ve always had mixed feelings about Federal Reserve Chairman Ben Bernanke. I feel that he is better than the previous chairman, Alan Greenspan, but the Fed Chairmanship (like the presidency) is almost never given to the right man. Just the fact that it is almost always given to a man is problematic enough, and the truth is that only white men need apply for the job.
Well, when you are limited in your option pool for the top job, bad leadership and flat out ignorance can sometimes be the result. While Fed Chairman Bernanke might know some nuts and bolts about economics, he appears to be shockingly misinformed about economic disparities between blacks and whites. His embarrassing and highly inappropriate statements at Morehouse College serve as a significant case in point.
In a recent interview at Morehouse, the Fed Chairman was asked what he felt to be the reason for the wealth gap between blacks and whites. In response, Bernanke said that the gap was due to a lack of "financial literacy" and "financial education" on the part of African Americans. That’s all he mentioned.
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