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Billionaire Bob Johnson Calls for Independent Black Political Party in Exclusive Interview With Blackonomics

Jan. 23, 2017

Trice Edney News Wire Exclusive

Billionaire Bob Johnson Calls for Independent Black Political Party in Exclusive Interview With Blackonomics
By Jim Clingman

bob johnson
Bob Johnson

(TriceEdneyWire.com) - One of the post-election highlights for me was the meeting between Donald Trump and Bob Johnson.  Billionaire to billionaire, Democrat to Republican, Black to White, businessman to businessman, capitalist to capitalist, meeting on a relatively even playing field to discuss some of the “what now issues” was intriguing to say the least.  After the meeting, Mr. Johnson wrote a press release and did several interviews to disclose the particulars of that meeting.

While the press summed up Johnson’s comments in one sentence, “Let’s give Trump a shot,” there was much more to it than that. I know that because Mr. Johnson graciously agreed to allow me to interview him as well. And during our nearly one-hour conversation he spoke openly about his political position vis-à-vis the election of Donald Trump, and his thoughts, recommendations, and reflections on a Black strategy moving forward. The following are excerpts from that interview:

Jim: Discuss our participation in local and national elections.

Bob: I think when we talk about where Black American voters; and therefore Black Americans are today, we have to look at it in terms of the politics of a divided nation; we have become stagnant. You have two parties, Republican and Democrat, who get re-elected each year in terms of congressional districts because of the way district lines are drawn, where both parties have safe districts, so there's no likelihood of being defeated in most cases. And therefore issues become rigid in their positions.  Little has changed in Senate seats but pretty much the same where you are going to have some years where the Democrats control the House and or the Senate, some years where the republicans control the house and or the senate. So it doesn't change very much in terms of the attitude. And if you look at the polls, they show a divided nation, and there's no such thing as term limits. So this kind of rigid stagnation stays pretty much in place.

Jim: That’s right.

Bob: Then you lay on the other issue that the demographics of the nation are changing where 20 to 30 years ago African-Americans were the dominant minority group.  Now as you go into 2020 Hispanics outnumber Black people, and they are scattered throughout the various states and also divided by cultural ethnicity based on their place of origin. So Mexicans are not the same as people from central and South America, Puerto Ricans aren't the same as Cubans. And so you have this dichotomy of populations in the largest minority population that allows them the flexibility based on their cultural attitudes and origin to vote across Party lines. They will vote Democrat in some states. They will vote Republican in some states. But it's not a homogeneous vote, one way or the other.  And then you look at us. We are a block vote; we vote 95 percent one way.

Jim: Right, that’s part of reason that we are ignored or taken for granted by both parties.

Bob: For a while we supported Republicans because of the role they played all the way back to the civil war and probably up to Richard Nixon we were a block in the Republican Party.  That started to change with John F. Kennedy where we began to move closer to the Democratic Party, and since that time we pretty much have become locked-in as an appendage of the Democratic Party. The long term problem with that is in a divided nation, where you are locked into one party in a two-party system, and you face a rising minority class that divides its vote across party lines, you ultimately will become marginalized in your voting power.

So the Black vote is going to be locked into the Democratic vote and therefore ignored by the Republicans; their argument is, ‘We can't get them anyway so why try to contest for them, in fact ignore them or even actively oppose them.’

Jim: So true and so simple.  It’s amazing that more Black people don’t see our political situation for what it really is.

Bob: Where the Democrats, on the other hand, see your vote locked in to these perpetual blue states and their argument is we don't need to do anything about or for this voting segment; we got it, and we can treat it somewhat paternalistically or with patronage, but we don't have to make any major promises to appeal to Black voters because we got them, where else are they going to go. And the result of that is we become marginalized.

Jim: Just where we are right now as the transition begins.

Bob: Yes, we are marginalized in our power, and as other minority groups increase, that marginalization becomes more significant. And so I'm taking the position that the election of Donald Trump basically created what I called a seismic shift in the political situation in the U.S., that we take stock now and see how we can redefine our role in this divided nation, and I say it's time that we return to the Congressional Black Caucus’ founding principle when those 13 members came together back in 1971:  Enshrined in a philosophy and ideology by William Clay of Missouri, “Black people should have no permanent friends no permanent enemies, just permanent interests.”

And my position today is that we should begin to focus on our permanent interests and under that [the] rational you talk to Trump, you to talk to the Democrats, but you talk to them from a vantage point of I'm not your not friend I'm not your enemy.  I’m talking to you about my permanent interests and I will then vote and engage you accordingly. That is the essence of why I am where I am today.

Jim: I call it leveraging our voters and our dollars politically to maximize the effect they have in the political process. So I heard you say in one of your speeches once that we need to engage power and we need to present our own agenda and that's again something I also believe, but lay out for me how you see us presenting our own agenda and engaging power.

Bob: Well that's the first step to presenting your own agenda Jim, and you're right, you have to first recognize intellectually that you have the power to do so. You can't confront power if you do not believe that you have a countervailing power to react or balance that behavior between two opposing power sources.  You got to first believe that. So it starts with this. It starts with taking the position that we have the ability to effect the outcome of elections. One obvious way is to concentrate on maximizing your voter turnout, which is critical in a democracy.  There's only two ways to change power in any country, either you do it through ballots or do it through bullets. Well we aren't going to do it through bullets in this country.

Jim: Right

Bob: So we are going to have to do it through the ballot by maximizing our voting power and our education about what issues to vote for whether they are state, local, or national.  So that's number one, you have to recognize you have the power through your ballots based on your voter turnout.  The second thing you have to do is what we have historically done which is vote as a bloc. In order to allow that voting bloc to be strong and meaningful, you can't just have a voting bloc without knowing what to vote on or who to vote for.  I think it's time that we manifest that voting power by nominating and running our own candidates.  And you, Jim, you and I are about the same age, you remember this when, when people, when organizations, political organizations, would run something called “Favorite Son”?

Jim: Right, yeah I do remember that.

Bob: We need to think about this in all elections - primaries and generals. We should run favorite sons, since we vote as a bloc anyway. Jessie Jackson did this when he ran at the Democratic convention in the Democratic Party. We should run a favorite son in the primary and we don't have to run nationwide.  We don't have to file a candidate in Utah.  We don't have a file a candidate in Maine.  But we do need to file a candidate, a favorite son candidate in the states where we have significant voting power.

Jim: There is power in numbers, and the two things that mean anything in politics are dollars and votes. And we have a lot of both.

Bob: So you run that candidate in those states and you get enough votes in the primary to be part of the discussion. If you want to run in the Democratic primary, you run in the Democratic primary.  If you want to run in the Republican primary, you run in a Republican primary but you run as a favorite son party and you have a discussion or dialog there, where you’re not going to win in the two dominant parties, you already know that, so what do you do?  You run again in the general in those same states.

Under that scenario it’s even likely that no one gets the requisite votes to give them the Electoral College, if you still have the Electoral College.  Under that scenario it throws it into the House of Representatives.  Whatever party has the majority, they will vote according to their party loyalty, but we will have demonstrated that our power is going be used to cause a change in the way presidents are elected.  And pretty soon both parties will get the message.

Jim: Right.  We must find ways to impact the process and then leverage that impact for our own benefit.

Bob: That's what we need to do. I can make an intellectual case that Black Americans ought to form a party. And since I'm into the branding world I’ll just name the party. Just call it the “Permanent Interest Party.”

Jim: Ha, ha, Okay.  Bill Clay would be proud.

Bob: Let's form the Permanent Interest Party and that party will represent Black voters and that's the way we engage this divided nation because White America is divided.  On one side you have people who call themselves Republicans and on the other side you have the Democrats.  But they are predominately the White ruling class in America. And they are divided.

Jim: That's right; sounds like flipping the script to me, since we have been so divided in nearly every way except politics.

Bob: You’re right; we are certainly not divided in politics. We are locked into that one group, but we don't have to be in that one group.

Jim: Should we have an independent Black political party?  I believe that as well.

Bob: Whites have more wealth than we do. They have more housing ownership than we do. They are employed at greater levels than we are, and educated at greater levels than we are.  So we are divided already.  The only thing that we aren't divided against is our ability to vote.  So we have to take the one asset we have that we know that we can manipulate and control with our own interests is that to vote.  But a vote without a direct ideology or philosophy is not going to be magnified at its highest level of impact.

Jim: Let me ask you this, based upon everything you said, can I assume you believe Black people should register as “no party affiliated” as we move forward to develop an independent party.

Bob: Yes.  I believe for Black Americans to remain in one or the other party group is not in our long term best interests…I believe, whether it happens in my lifetime or whether it happens after that, at some point Black Americans will come to the realization that at 45 million people and growing, in a divided country, and rising populations in other minority groups greater than us in voter power and probably economics, we must form our own political power base for the sole purpose of promoting our permanent interest…That's  a very important move I believe Black people should make.

Jim: Ok, let's shift a little bit to economics. You are a business man. I know that's high on your agenda and do you believe that  when it's all said and done, economics really controls politics?

Bob: We are and have been founded as a free market democratic society.  Ownership is a paramount right in the United States.  And from ownership comes the right to use your wealth in any way you wish.  And from that comes economic power. And economic power manifests itself in political power because campaigns run on money. They run on ideas but they run on money to get those ideas conveyed.

And the Supreme Court institutionalized that when they allowed for wealthy individuals via Super Pacs to give as much money as they want.  So yes, economic power impacts political power in this society.  And therefore Black Americans once they become politically united in terms of looking out for their own permanent interests I think from that will flow the use of their economic power to enhance their political power.  Right now Black Americans, I know, I happen to be one of them, and I give all of my money to the Democratic Party.  And over the years I have given millions of dollars to that party.  If there were a viable Black political party that was focused on the ideology and the philosophy and the permanent issues and needs of African Americans, I would more likely than not turn that same amount of money over to that political party.

Jim: Wow!

Bob:  Black Americans have tremendous aggregate income, around $1.2 trillion now, and in that power, in that wealth there's more than enough money to fund a political party, particularly a political party that's already united in its interest and therefore already more than likely to vote as a bloc. You don't have to convince us to vote as a bloc, we do it anyway.

Jim: That’s right; we certainly have been practicing that for decades.

Bob: So when you look at that and how this nation works, if ownership and access to wealth and the right to do with it as you please, then that also translates into your right to use it for your own political interests and your own political well being and your own socioeconomic wellbeing. So, yes, those things would follow. Black Economic power strengthens our political power, and political power would help enhance Black economic power.

Jim: Excellent, excellent. Your assessment reminds me of something David Walker said way back in the early 1800's about how he couldn't understand how we would act so diametrically in opposition to our own interest and you just shared it in that sentiment. Nobody has to convince us to come out as a bloc for others, so why not in our own best interests.

Bob: I think you are absolutely right. I mean we could take some ideas from the Democratic Party and some from the Republican Party. But they would be our issues and we would be voting for our interests and our candidates to espouse those issues and promote those issues.  We don't have a monopoly on the best ideas; neither does either party.  So clearly we could argue things that are in our best interest and vote accordingly and use our vote as a balance of power in a divided nation to focus on our interests.  It's as simple as that.

Jim: I'm constantly amazed that all of the, like you said, dollars we have as well as the organizations we have with so many members. Yet we're not adopting and we have not adopted the principles that you have espoused.  But that speaks to me something Harold Cruse called “Non-economic liberalism.”

We're so stuck in this non-economic piece.  We don't get our economics right in order to make a meaningful foray into the political arena, and that's the direction our people really need to go.

Bob:  Yeah, that's the thing.

Robert Louis "Bob" Johnson is an entrepreneur, philanthropist and investor. He is best known as founder of Black Entertainment Television (BET), which was sold to Viacom in 2001.

Dr. Dorothy Height to Be Honored on U.S. Postage Stamp

Jan. 22, 2017

Dr. Dorothy Height to Be Honored on U.S. Postage Stamp

dorothy height stamp

(TriceEdneyWire.com) - On Feb. 1, the U. S. Postal Service will kick off 2017 Black History Month with the issuance of the Dorothy Height Forever stamp to honor the civil rights legend.

The Dorothy Height Forever stamp will be the 40th stamp in the Black Heritage series. The late Dr. Height is considered to be civil rights royalty. Having led the National Council of Negro Women for four decades, Height was a recipient of the Presidential Medal of Freedom, awarded by President Bill Clinton in 1994 and the Congressional Gold Medal, awarded by President George W. Bush in 2004 for her pioneering work for the civil rights of African-Americans and women. President Barack Obama gave her eulogy upon her death on April 12, 2010.

Participants in the Feb. 1 event will be Ronald A. Stroman, deputy postmaster general and chief government relations officer, United States Postal Service; Congressman John Lewis (D-Ga.); Alexis Herman, president, Dorothy I. Height Education Foundation; Ingrid Saunders Jones, chair, National Council of Negro Women; Naima Randolph, Dorothy Height’s great niece; Derry Noyes, art director; and Bishop Vashti McKenzie, bishop of the African American Episcopal Church.

Doors will open at 10 a.m. for the 11 a.m. event to be held at the Howard University Cramton Auditorium, 2455 Sixth Street Washington, DC.

The ceremony is free and open to the public. Space is limited and admission is not guaranteed. To obtain a free ticket, visit the Cramton Auditorium Box Office.

Call to Action – Invest in Black Businesses by James Clingman

Jan. 22, 2017

Blackonomics

Call to Action – Invest in Black Businesses 
By James Clingman

clingman

(TriceEdneyWire.com) - The hue and cry from many of our people continues to be centered on “lack of access to capital” by Black owned businesses, especially start-ups and micro-businesses.  The financial markets are not very favorable to our needs, thus, much of the potential among our prospective entrepreneurs is never realized.  Many aspiring Black business owners, who could be successful, give up and quit because they cannot raise capital; and some businesses that could be grown to scale and employ workers never get the opportunity to do so.

Another complaint I hear is in reference to our young people.  Some say we refuse to support them, and we do not encourage them to get involved and take the lead in our movements and organizations.   I agree with that to some extent, but it’s not the case with THE One Million.  We are always looking for conscientiously conscious young people to join us and offer their time, talent, and treasure to help our movement progress.  We also reciprocate by doing what we can to support our members, not just with rah-rah lip-service but with our time, talent, and treasure in return.

To that end, I believe we have found one such “youngster” in the person of Rashaan Everett, a recent Howard University graduate of the School of Business.  He joined THE One Million after contacting me regarding his investment concept, The Greenwood Project. (www.thegreewoodproject.org) I introduced Everett to Mr. John Brown, partner in the Bedford Group, a development firm in Los Angeles where Rashaan lives.  He is also a member of THE One Million.

Subsequently, Brown has taken on a “mentoring” role with Everett; they presented The Greenwood Project at our Training and Orientation meeting in Beaumont Texas, January 6-8, 2017, and I am proud to say THE One Million is highly supportive of this young brother’s project as well as participatory in his investment strategy to start and grow small Black owned businesses via crowdfunding.

The Greenwood Project is a collective fund for start-ups and micro businesses in which supporters can invest a minimum of $100.00 and will receive a contract entitling them to a share of the profits earned from their investments. To reiterate, this is an “investment” that, like other investments, carries no guarantee; it is not a donation.

Everett has assembled a team of the best and brightest Black scholars and professionals capable of managing the fund appropriately; and there is a very significant financial upside to his plan.

“Black people can control our own destiny,” Rashaan says. “We can make this part of our “Internal Reparations,” as some of our elders have suggested. If we support the innovative and creative businesses funded by the Greenwood Project, each investor can earn significant profits.”

Projected to raise a total of $1 million, which will be invested into black businesses, the profits from which will be re-cycled many times over by other Black businesses and individuals, The Greenwood Project is yet another answer to problems Black folks have been railing against.  Now all we have to do, after due diligence of course, is invest (pool) our money and create more “conscientiously conscious Black millionaires,”  something THE One Million has been advocating for a while now.

The Greenwood Project is based on President Obama's JOBS Act, which allows for non-accredited investors to invest in private companies for the first time since 1933.  Before the law changed, the Securities Exchange Commission (SEC) mandated an individual must have a net worth of $1 million, excluding real estate, to make angel investments. Obviously, this disproportionately affected Blacks, and systematically prevented us from building our own companies and our own wealth.

For the last 83 years, until May 16, 2016, this type of fund and project were illegal. It is very important for Black people to take advantage of this new law NOW before it changes again, as it could under the new administration.

The Greenwood Project is already operational, approved, and verified, taking advantage of the new law. Everett’s team has worked with lawyers, CPA's, and bankers to assure it viability and its legality, and now with John Brown aboard, a man I have known for nearly twenty years and a man who has demonstrated his expertise in finance and business strategies, I have no doubt this project will work if we work it.

The Greenwood Project has officially earned SEC and government regulatory approval and is seeking people who are willing to invest a minimum of $100.00, right now via www.wefunder.com/greenwoodproject. This is yet another “Call to Action” to those among us who are tired of being hamstrung by a lack of capital, and are ready, willing, and able to do something to change that.  Get on board The Greenwood Project by investing in yourselves.  And join THE One Million too. www.iamoneofthemillion.com.

Somali-American Makes Debut as Minnesota State Rep

Jan. 22, 2017

Somali-American Makes Debut as Minnesota State Rep

omar

Swearing-in of Ms. I. Omar

(TriceEdneyWire.com/GIN) – She’s an“intersectional feminist”, a mom, a refugee, an immigrant and a resident of Minneapolis. Besides that, Ilhan Omar is a history maker and the first Somali-American lawmaker in the United States.

Omar was sworn into the Minnesota House of Representatives on Jan. 3, just days after an 8,500-mile journey that retraced her path from her war-torn homeland to neighboring Kenya to the Minnesota Capitol.

“To walk the same streets I walked as a kid, as a refugee, to think about the other kids who now are adults raising kids in Somalia, who are still living in a refugee camp … it’s hard not to believe there’s a bigger purpose,” said Omar.

Ms. Omar, 34, exceeded expectations when she captured the vote in this Midwestern state which also happens to be the home of the largest Somali community outside of the country, of approximately 40,000.  As a Muslim-American, some thought she would have an uphill fight during this so-called time of “white backlash.”

Ms. Omar’s Oath of Office was taken on a special Koran in a ceremony last week at the Minnesota State Capitol Building.

“The ethos of America that can embrace a Somali-American, hijab-clad Muslim woman as their representative, I think that says something amazing about America," said Asad Zaman, executive director of the Muslim American Society of Minnesota at her swearing in.

This week, Omar launches her “Coffee and Kulan” she described as “a monthly event bringing community members and local experts together to discuss issues that matter to us.”

“In Somali, Kulan means meeting,” she explained. “I hope we can use our collective knowledge to find solutions to make our state more prosperous and equitable for everyone.

For the first meeting, the group will focus on environmental justice.

Born in 1982 in Somalia, Omar fled with her family to a refugee camp in Kenya after the civil war started. She immigrated to the U.S. in 1995.

​She worked on several legislative and city council campaigns, becoming the director of policy and initiatives for the Women Organizing Women Network in Minnesota.

Ihan Omar did not win a majority of the Somali-American votes in her district. More Somali-Americans voted for her opponent, Mohamud Noor, also from Somalia.

But Omar won more votes from people outside the Somali-American community, something. Asad Zaman described as “inclusive politics.”

GLOBAL INFORMATION NETWORK creates and distributes news and feature articles on current affairs in Africa to media outlets, scholars, students and activists in the U.S. and Canada. Our goal is to introduce important new voices on topics relevant to Americans, to increase the perspectives available to readers in North America and to bring into their view information about global issues that are overlooked or under-reported by mainstream media.

What's Next for the Economy? By Julianne Malveaux

Jan. 22, 2017

What's Next for the Economy?
By Julianne Malveaux

malveaux

(TriceEdneyWire.com) - The economic philosophies of Democrats and Republicans are drastically different.  While neither party is interested in dismantling the predatory capitalism that extracts surplus value from workers, Republicans are more interested in reinforcing predatory capitalism and “free markets”, while Democrats are more interested in ameliorating the effects of predatory capitalism and regulating markets in ways that produce somewhat more equitable results than so-called free markets.

Democrats are more likely to protect and support workers, while Republicans are more likely to oppress them.  Thus, many Democrats have advocated for an increased minimum wage, while Republicans have opposed it.  There are generalizations here.  Conservative Democrats are likely to be supportive of Republican “free market” rhetoric.  Once upon a time there were liberal Republicans (I think they are now extinct) that would side with Democrats on some issues.

We can expect Republicans in the House and Senate to eliminate regulations, lower taxes, and support the “business climate”.   The stock market, which was predicted to lose momentum in case of a Trump election, has actually gained.  Is this sustainable? Economist and former Harvard President Lawrence Summers, acknowledges that the Republican approach to the economy might “drive major increases in investment and hiring, setting off a virtuous circle of economic growth and rising confidence.”  But he says the Trump administration will face enough challenges that we should “hope for the best and plan for the worst”.

The International Monetary Fund (IMF) predicted world economic growth at 3.4 percent, with US growth at about 2 percent, and far more robust growth in China and India, where growth is likely to exceed 6 percent.   But the IMF cautions that restrictions on global trade will also constrain global growth.  In both the UK and the United States, there has been resistance to globalization, and an eagerness to renegotiate trade treaties.

Who will benefit from this increased growth?  Certainly not the folks at the bottom.  Indeed one might attribute the Trump Electoral College victory to the fact that macroeconomic growth indicators have not quite trickled down.  The heavily pro-business Republican leadership is counting on the trickle down to create jobs for the 99 percent.   They can’t force capitalists to use the proceeds from their tax cuts to create jobs.  Indeed, when banks were bailed out, they held onto the money that politicians hoped they would loan to small businesses to stimulate growth and economic expansion.

African Americans with moderate incomes (the average African American family income is about $35,000), others who a similarly situated, lower-income people, and the economically vulnerable are not likely to gain in the “new economy”.  Businesses, however, are likely to do very well.  Is America made “great again” if economic vulnerability increases?  I think not!

There is likely to be tension between the Trump Administration and the Federal Reserve.  How quickly will the interest rate be increased, and what impact will it have on the “average” American.  Millennials who have been saving to purchase a home (those who have paid off their student loans) will need to save even more (as much as $30,000 for each percentage point increase in the interest rate) to accumulate a down payment.  And Ben Carson, who is likely to be Secretary of HUD, is not likely to do anything to make their quest for homeownership any easier.

President Obama was able to stabilize the economy.  The unemployment rate is below 5 percent (although labor force participation is lower than it should be), growth has been stable, and the stock market has been strong.  The benefits of this strong economy were not evenly distributed, though.  It is even less likely that the benefits of the growth that the IMF predicts will be evenly distributed.  Markets don’t distribute benefits fairly.  Political will is a factor in fair and even distribution.

We know that Republican “free market” economic philosophies suggest that there is no political will for fairness.  We will experience macroeconomic ecstasy and microeconomic angst, with economic indicators looking strong, and individual experiences looking far more troubled.

What’s next for the economy?  The one percent will benefit, and the rest of us will experience increased vulnerability.  As Summers says, “hope for the best, plan for the worst”.

Julianne Malveaux is an author and economist. Her latest book “Are We Better Off? Race, Obama and Public Policy” is available via www.amazon.com for booking, wholesale inquiries or for more info visit www.juliannemalveaux.com

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