As I stated last week. while Inner City Broadcasting is having major financial problems, would it be fair to single black corporations out in this situation and help them and what would the backlash be? We all know… Looks like the media corporation that owns 17 stations is not going to get the help it needs as Obama responds to the Congraessional Black Caucus’ request in USA Today below.
President Obama said Thursday that it would be wrong for him to narrowly focus on the troubles blacks face in the recession, rejecting criticism from the Congressional Black Caucus that the government is ignoring the economic plight of minorities.
“The most important thing I can do for the African-American community is the same thing I can do for the American community, period, and that is get the economy going again and get people hiring again,” Obama told USA TODAY and the Detroit Free Press. Both newspapers are owned by Gannett.
On Wednesday, 10 members of the black caucus boycotted a key House committee vote on financial regulations. The group said it would push harder for Congress and the White House to tackle specific problems including an unemployment rate for blacks that was 15.7% in October, which was higher than the national rate of 10.2%. [source]