Bloomberg Advocates Black Community Development

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Bloomberg becomes a strong front runner for his African American advocacy






Michael Bloomberg has a distinct talk point for his election campaign. He wants to work for the upliftment of the African American citizens. Speaking in Tulsa, Oklahoma, Bloomberg said that it was his aim to work towards narrowing down the ‘wealth gap’ that exists between black and white Americans.

He intends boosting black ownership of homes and businesses and by investing in poor neighborhoods. Bloomberg was a late entry into the run for 2020 American presidency. Even then, he has garnered support among the African American population. His poll numbers are good due to his ability to have captured attention through his heavy and robust election campaigns.

 Speaking at the occasion, a day before a holiday marked to honor the slain revolutionary Martin Luther King Jr. he announced how his plans will help one million black Americans own homes over 10 years.

Calling his plan the Greenwood Initiative, he also said that this move would help in boosting the number of black-owned businesses across the country. He pledged a $70 billion program to fight poverty in 100 disadvantaged neighborhoods. Named after a prosperous black district in Tulsa that was massacred by white mobs in the 1921, his plan resonated feelings of hope amongst the black population.

However, while he was Mayor, his support for a policing policy rekindled suspicion and doubt amongst the black community. The former Republican is known to have apologized for siding with the policy, just before he announced his candidacy in November. The policing policy had led to the entrapment of disproportionate numbers of blacks and Latinos.

The Federal Reserve researchers have said that white American households on average had over six times the wealth of black households in 2016, a gap largely constant since 1962 despite legal efforts to ban discrimination.

However, Bloomberg’s personality and standing is winning me nods. He is therefore banking more on the ‘Super Tuesday’ March 3 contests and the racially diverse Texas, California and North Carolina than the forthcoming February campaign in Iowa.

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