'Something Is Going Right': America's First Black Billionaire Says Economy Is 'Strong' Under Trump
Will Maule : Apr 10, 2018
"You have to take encouragement from what's happening in the labor force and the job market. When you look at African American unemployment, in over 50 years since the Bureau of Labor Statistics has been keeping the numbers, you've never had two things: African American unemployment this low and the spread between unemployment among whites and African Americans narrowing." -Robert L. Johnson
[Faithwire.com] Robert L. Johnson, America's first black billionaire and founder of Black Entertainment Television (BET), has made an extraordinary appearance on CNBC, where he espoused positivity toward the economic situation in America, despite being grilled about his amicable attitude towards the Trump administration. (Image: Robert L. Johnson/YouTube/CNBC/via Faithwire.com)
"Something is going right," said Johnson of the economic situation under President Trump. "I believe the economy is on a strong growth path." The owner and chairman of Bethesda-based asset management firm RLJ Companies has a current net worth of around $600 million and has been a longtime champion of African American's and their financial wellbeing.
"The unemployment for African Americans is the lowest it has ever been in history," said Johnson, who became America's first black billionaire.
According to the Washington Post, Black unemployment fell to 6.8 percent in December, before rising and dipping again to 6.9 percent in March.
While the economic situation is good, Johnson lamented the desperate political situation, urging parties to join forces for the socio-economic advancement of the black population...
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