tv Race in America CSPAN October 25, 2015 10:00pm-11:31pm EDT
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ago. the owner purchased us and asked us if we would help run his book operations. we were ecstatic at the possibility and one of the reasons was because we have some synergistic, parallel roles in our community. we are very, very grateful to be here and host events like this one. this is very much, what we've been known for over the years and years and it's an honor to be a part of. the way it's going to work tonight is our panel will talk for a bit and then there will be questions and the microphone will be passed around. if you have questions just raise your hand. all four of our guests are
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authors. their books array here if you have a chance to get their books and get them signed. that is the housekeeping. maybe if you have a cell phone you could turn it off. that would be a good idea so it doesn't interrupt the conversation. i want to start by thinking her. this is really her event. we've been working with her to sponsor it and we were really delighted by the prospect. when when you have to have authors, people who have written about the subject and she found great authors to be here. so thank you for making this possible. she really is the driving force behind this. [applause]. i just have to say that this is
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partly a push for her book which is called prejudice in black-and-white. it's a tremendous book. she's pretty modest to say so, so i'm going to say it. it has just won the nonfiction award from the literary word show so congratulation [applause]. there's a lot of discussion about what's classified and what isn't in washington so i'm going to air on the side of caution. stay tuned for a few more headlines and keep your eye out in the next few months. secondly, she has another book coming out and it's in progress.
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so thank you for being here. she will go into a more detailed discussion of our panel. he's a professor and incredibly prolific author. can you hear me now is his latest book. it's always a delight to be here with him. i hope you have a chance to read her new book. if you haven't, it's called fracture. her name is joy-ann reid and
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thank you so much for being here. what a contribution that book is. lastly, but not least lee, paul butler who is the author of let's set it free and he is a professor at georgetown law. we are so delighted to have you here. i feel very happy. i want to view it say a few more things about april. she is a longtime commentator on american politics. she has been a reporter for more than 30 years and in that amount of time she has seen her share of politicians. she has been a white house correspondent since 1997. she covered the presidency of bill clinton, george w. bush and barack obama.
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i think if you read her book you will find its accomplished through a lot of years of observation and being close to that world of the american presidency. she's learned a lot, that's for you sure. i think from my vantage point, what's most important about april is not the reporting itself but what she does with her reporting. she is one of two african-american journalists assigned to the white house and she has been intent on leaving that platform to bring you information that is too often ignored and marginalized. over the years she literally has become herself a resource for millions of americans who might otherwise be left in the dark about how events in the news are affecting and shaping their own lives, families and communities. we need a public service award
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for these reporters [applause]. it should be recognized at a far higher level than it is. thank you so much for being the driving force and thank all of you for coming and being here and we are delighted to have you here. thank you. >> thank you, i tell you what. i'm floored. any author tries to get to this great place called politics and prose. this is the owner. please support her and let's thank her because she didn't have to have our books in her store and have it here. everybody doesn't get the politics and prose. not only that, and it's true, you know that. [laughter] we want to thank her for hosting this and hosting all of you tonight.
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thank you for coming out. we want to let you know there is food and libation. if you need a little drink or a little food, we encourage you and we think busboys and poets as well. let's give them a round of applause [applause]. welcome to race in america today, a panel discussion. i'm april ryan. i want to move on down the line to my great panel. i am in all of these people. i'm going to give short bios. you know who they are. next to me michael eric dyson, georgetown professor and author of 16 books. including can you hear me now and april 4, 1968. let's give him a big round of plot. thank you michael for coming. [applause]. the great joy and read. the author of the new book fracture. joy and read is a national correspondent for msnbc, and
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editing manager and to be honest with you, many people believe, this is unscientific statement but i'm going to make but i think you are one of the best reporters around. i'm serious. thank you for being here. former prosecutor and professor at georgetown university. i want to start this off with something. many of us watch the news. we are consumed by the news and current issues. right now issues of our culture
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focus around race. i couldn't help but think about last year and a discussion we had in the car. we're talking about race and it's a lot. there's a lot underneath the surface but you just don't know and i i hope this panel brings you a little more insight and understanding into what's really going on. michael said you're scared of the truth. i had to hold my head down and i couldn't listen. i couldn't take it anymore. but this is a real dialogue and i want to talk about what was written in 1903 the problem of the 20th century is the problem of the color world. immediately after the election of president obama there were discussions of post- racial america. i asked pres. obama, after he completed eight years in the oval office, would he consider america post racial or post-obama. listen to what what he said to me. he said, i think there is no doubt that my election was a significant moment in this
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country's racial history. i say that with all humility. later in his answer he went on to say, i wouldn't equate my election to similar moments like the emancipation proclamation or the civil rights act of 1964, those are massive changes in legal status that represented fundamental brakes with america's tragic history. he also said it was a history of changing the laws in this country. where are we now? in the next 16 months will be post- obama or post- racial? i'm going to start with you joy. >> thanks a lot april. first of all he want to echo
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your thanks to politics and prose and busboys and poets poets as well as you april for bringing us all together. it is an honor to be here with this great panel. thank you very much. thanks a lot for starting with me. [laughter] i think when you talk about the country being post- racial, i think that is a goal that the country cannot fully share. i think when you think about the united states of america it is one of the most race conscious countries ever put together anywhere. the formation and foundation of the country has always been conscious of race. to be free weight and mail to be free, white, and a male was --
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the desire to be post- racial, i think it reflects a different goal and need then african-americans and white americans frankly have when they think about race in america. i think for a lot of white americans and i know you can't say everyone, there is a desire for transcendence. to transcend the racial past and put it behind us. to somehow put a period on the end of that sentence and say we have now passed this point where race marred matters. race used to matter and everything. it's been so explicit. it's sort of drove policy whether it was jim crow policy or housing policy or who could live on this blocker who could go to the school. we now have come to a point in our history where a lot of white america wants to put eight. on that sentence. but race is something we are
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living right now. african-americans have no desire to be transcend race. they just want to be citizens. african-americans have the desire to litigate the issue of race and i think for a lot of white americans the issue is to transcend it and those are two opposite goals that can never be brought into union and i think that is why there is so much discourse. >> when you talk about litigation, were seeing so much right now in the way of visuals. many people are seeing the inequity and inequality in this nation that we have talked about for years but now you see the visions. we've talked about the numbers. when people see the numbers they're like oh wow, did you know that, of course we did. we are from the community. there's also a paradox. how does does all of that play into this post- obama post racial litigation issue?
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so. >> i'm going to agree with joy. the problem then and now was never the color line. the problem was white supremacy. white supremacy has not been impacted at all. i love the president. brock obama, i have an action figure. whenever someone knocks it down, i stand it up. i love the president. so look, when he was elected, i don't think anyone expected that he would reverse 400 years of white supremacy. i do think, so i agree the old
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jim crow, the new jim crow. i think people people hope that he would make racial justice a significant part of his agenda and he has not. and because i have so much love and respect for him it's disappointing because if he applied his brilliant mind and his amazing political talent to racial justice as he has other issues like lgbt inequality, i think we could be further along than we are. we look at where we are now president obama took office the average was $18000. that was the average for a black family. for a white family it's $142,000. black family income has actually gone down during the time that
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president obama has been in office. white family wealth has gone up. if you look at places like ferguson in baltimore, it's something to think that the problem was bad apple. that's not really the problem. the problem is criminal justice is also infused with white supremacy. the problem isn't so much what is legal or illegal, it's what the police are allowed to do. in many ways if you look at ferguson, the system is working the way it was supposed to work. when we can develop, that might be a mild way of thinking about the change that this country needs in order to truly establish racial justice. i think he understood the civil
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rights movement of the 60 trance stands forward. let's talk about reform and transformation. we need that transformation now. >> thank you so much. understanding that we come from the vantage of research and knowledge, i still want to ask you, is it fair and a lot of us hope that this president when it's over, it took 200 years to come out of what happened can we lump all of this on this president, and should we look to the past to see where we are today and how we should go forward now and after he is president? well i want to say it's great to be here with april and joy and
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the gifted paul butler. look, of course it's not fair. to pin all of our hopes on one man and to put all of our eggs in one basket but it's unavoidable because we love him so much, he's our guy he's tall terrific and talented with the tall terrific talented wife and children and they are the sparkling image of the protective brilliance of the black family which is a rebuttal to the --dash on the other hand look at the humility of obama in responding to your question where he says hey i wouldn't put my presidency on the level of
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the 13th or 14th amendment. i'm not going to put it on the level of the civil rights bill, most of us would be like yes that was the greatest thing in the history of negroes ever, me being president, yep that's how it goes. you can see the man is exquisitely and consciously humble in the most appropriate fashion. people on the other side of the aisle who are running now who continually run on their wealth, then he holds the trump card so to speak. [laughter] brock obama is a problem of paradox and is a purveyor of paradox and pursues a project that as professor butler said in ms. reed said is one that is highly ironic and also
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disappointing to this degree. it is not that we can waste the entire, if you will gravity and weight of our existence onto obama's shoulders and yet history has done that. history has thrust upon him, history you can't have the goodies without having the burdens. the goodies in the blessings are you're the man. the blessing is you as a black man had no idea that no other black person in the history of this universe has ever successfully nurtured in his own mind. i will be the head of the most powerful democracy in the history of the world. so that's extraordinary. on the other hand, i think what professor butler is suggest thing, we never thought this was going to be a a post racial reality. obama himself says in his second
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bell look about hope, the audacity of hope to slow down, don't put the post racial tag here because we ain't there yet. rather what we should have is a post racist society. post racial means post black. now that obama has been elected, were good. is he responsible for that? of course not. what he is responsible for is not, with great diplomacy, understanding that there is not much he can be critical of white america about in this country. at a fundraiser in san francisco, president obama, then senator obama said when tough gets tough, some white folk get
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guns and are better. you turned to the original and he got beat down. he knew then never again to speak ill of white brothers and sisters in america. why because people are chagrined when a half white man makes a comment about white america. that lets us know, no, you are still perceived as a black man. on the flipside, what he has done is to chives and deliver tirades against african-american people in ways that have been called out by a number of fixtures. that's unfortunate. so his genius that professor butler talks about, let's not underestimate that. there showing that some groups are inferior and some are not. that is an institutional mex and
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mechanism. we are trying to legislate against him and wipe his name cleared to make sure obamacare would not succeed and legislatively pretend it would not exist and it has to the test of time. he has been amazing and brilliant against the odds but he is also reinterpreted and reasserted some of the most vicious stereotypes about black people that should not be tolerable and it should grands me to say that what he is responsible for is his own mouth his own personal and political capital and the degree to which he carries himself. how do i know he is a great man? lately he has turned course and changed his modus operandi. he has changed his language and
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used it to defend black people. he has used it to elevate black people and he has used it to point out the vicious white supremacy that burrows under the banner of a confederate fight. that is the obama that we were promised in 2007 and eight and that is the president obama who is finally coming into full gestation and we hope with the birth of that they be he will survive after he leaves office [applause]. >> i don't ever like to follow him. >> i have a mental the sources. i am checking it out because i love a big word. i do, i'm i'm a nerd. so i think one of the points that prof. butler and dyson made is that it's very important that we don't make enough about this
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notion of post-racialism. the post post racial moment in america occurred almost immediately upon the arrival of american enslaved africans. if you look at the history of african people in this country, it took no time at all for african enslaved people to adopt styles and customs and beliefs in democracy and the rights of man of white americans. immediately after slavery, they attempted to become post-racial. go back and look at the photos at the time. frederick douglass even adopted the hairstyle of white america. he attempted to run for office and in fact did. you had african-americans who bought into the whole idea of
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american democracy and ran to the united states senate. they weren't trying to put forward an african aesthetic. they put together -- and what happen the whole idea was fully bought into by african-americans who wanted to go to school at the schools of white americans. they wanted to get the same education and never thought about a separate ideal. it was only later when the country itself rejected it. african former slaves not only did not have revenge but they attempted to buy into their norms and their dress and their style of doing our hair. look at the way we do our hair. the first black millionaire is someone who was able to help african-american women adopt the hairstyle of white americans. the post- racialism is something that african-americans tried in the response was vicious. the end of reconstruction is not
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just an afterthought, it was violent. it was a vicious repute. i think because we tend to think of black people as the people who are racial we tend to forget that this country was highly racialized in the attempt that post- racialism was attempted and they said we have to kill them if they think they can marry our daughters, moved by our homes and -- it's never been successful. they had a have federal troops marched them into college. they had a have federal troops marched their children's into elementary school. they had to fight lynching. every president from up to barack obama has had to confront the racial question.
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what to do with all of these african-americans were in some communities made up 90% of the community. lincoln was successful and that's why we think he is a successful president. woodrow wilson was confronted with what to do with the lynching of black soldiers who were coming home wearing the uniform trying to be proud. we have this post racial that is people trying to get over slavery. the country couldn't get over slavery when blacks wanted nothing more to be post racial and assimilate into society. they had to go to court and margin risk death and risk firebombings at their churches, lynching and murders.
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i think it's asking the wrong people to do it. [applause]. >> to ask joy reed to continue that thought, every president you were saying had to address the issue of race so can one president be exempt question rex. >> that's the question. if eisenhower was forced to confront this issue, he didn't want to confront brown versus the board of education, he had to account for that. kennedy wanted to pass that. if you think about when john f. kennedy was elected in 1960, the big thing he wanted to do was the biggest tax cut in history. he was forced to confront it. the murder makes him have to confront it. lyndon johnson was a a southerner who grew up in a racist society. he had to confront this question.
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this country. and you can talk until the cows come home the based on the research that it was the most successful movement was the of civil rights for the women's rights movement. those that are. immigration and then you have pope francis cut man who'd dropped to the microphone at the white house who said we have defaulted on the of promissory notes that was one of the strongest statements in the "i have a dream" speech.
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boehner there are problems we have seen that. >> so then you have to correctly frame that. i go to the local starbucks i a high five minute arista. and she said there is a homeless guy outside who camps out by the starbucks. every day she gives them a little bit of change because she feels are for him. but when she saw him lying there barack obama is president. get a job.
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but that is an understanding the problem but how would plays into that narrative so when he goes to more house to say nobody cares about discrimination it is impossible to imagine hillary to say get over the glass ceiling. lead and. >> he thought that he could say that? >> to have the privilege to talk about in a certain way the obligation to lift them up but we have not seen that in his actions because he doesn't want to focus on race so but he talks about
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african-american unemployment because i cannot pass a black jobs bill but the rising tide lifts all votes. if you and of the boat to the first sentence is said african-american and culture or behavior to have the net worth it is because discrimination is alive and well if you have a black sounding name with the same qualifications we have to confront the problem said he
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think of ways we could address that with regard to the criminal justice system especially with african-american men that is why one out of three young black man get arrested because the police are looking to arrest them to decriminalized. then why should the police be able to arrest to? but because we don't trust the police.
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it is the shame that we have to say that in a democracy that shows you how powerful that white supremacy is. >> we will open this up to new questions. please raise your hand. don't be shy. we have for authors you are willing to is your questions. >> one thing you have to understand about barack obama is we are who we are raised to rabil and he occupies a unique space in
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the racial and ethnic life that is african-american this comes from africanists. i share that with him to have an african parent so it is "the twist" on that experience. it is different. part of the reason he is such a and effective politician in the person best situated to read of past presidents the comes to the issue of race without any aspect that it asked charlie gives you with the mindset of midwestern white
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america putting your shoulder to the wheel i don't think he is pretending that if african-american fathers turn off the tv to go to bed early that is the one he was raised to believe that a lot of of america is exhausted by the notion of addressing these racial dynamics from slavery and looked at philadelphia the voice is almost perfectly the feelings of african-americans but also the attitudinal wines and i'd want to hear about it anymore.
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also if lyndon johnson in the suburbs with the industrial base of the country of white working-class said we want to do with the issues of economic crime not the issues of race. we know what the issue of busing black kids into the schools but he understands that biracial dynamic some said he is the least degree black billion - - black man in america that is where she could be the first black president. [laughter] you could see that if you're not a great something is wrong. i thought this was a great feature he was in trouble
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because of of black preacher but that was to say by the way white people can be racist so the response was this is brilliant he has the same even-handed is when it comes to race but isn't the even-handed problem. but we look all the way. we're not responsible for the problem. if the gunmen hold their hands up it would not end
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voluntarily subject themselves to the democratic party? >> as a super voter a lot of people run for president. it is set up as a two-party system it is almost impossible for a third-party candidate to get in the attraction. like john anderson got 5% it is very difficult to get on to the ballot it isn't it is only the black candidates with those national averages but it is the other 24 candidates also running for president you have to realize in this is something i have learned it really
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doesn't spend much time to look for redress which is why otherwise they'd would be worthy have respected get no attraction with black voters. >> it is because a civil-rights. >> and now there are buildings in the neighborhood named after her she ran the entire black establishment in rejected her candid the say refusing to put florida black candidate of her choosing so she was running in their view a woman's candidate in a black candidate. he gets no support from the black establishment only
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when it is the movement in the phenomenon black leaders say maybe we should sign on barack obama ran for everything. the black establishment was often with hillary clinton it is pragmatic it is a bore the black is candidate but the candidate that can win because they're real resources at stake with the black community. >>. >> the black people want to win. it may be appealing to some people and just because you are black and articulate a viewpoint you are not getting the ball in order to win enough votes to be compelling to have people take you seriously if we know there are obstacles the
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possibility of those people but at the same time those zero perspectives means black people are tired of symbolic runs. that is why the great red french sharpton the barack obamacare mulally added different type of moment. he had to go to howard university. to remind us what we did in illinois. with racial profiling this was the guy with a strategic moment and while i have a microphone let me say this'll the difference is of
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course, we know barack obama know what the candidates thank. number one the key aides the first black president to say that stuff go to church every sunday. go to the temple and the mosque. my god you will hear that same conservative moral values that we now think is invented. >> but on that speech he quoted chris rock. i take care of my kids. negro you should be. it is part of american capitalism but he doesn't have that part down.
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if you have the inside of your own people in the way that week he went public at the people in public to represent their people. to say we have to use stop the madness. because now you make people vulnerable to the pre-existing condition of anti-semitism. but barack obama has played fast and loose with reinforcing stereotypes why no he went to bernardine did not say quite your belly aching about gender oppression to say i know it sounds like i am pandering but can we get some vat --
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of that? rigo barack obamacare not the critical from white culture. here's my point because review can be critical of white folks don't be critical of black folks because it looks like the only people who has the problem is the black people. [applause] if you cannot be equal with all of your kids don't say anything to any of them. [laughter] >> this is called the pedagogy added is the role
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it is the the sulfone video we have images of police beating killing black people since we before. but what is new is these activist use these images to focus attention to start a conversation. the conversation between hillary and the young activist you need a game plan. what is the game plan? that is a process. just as we read made the country from abolition from slaves been just as we went from a successful civil
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rights movement and then we can make progress. and i am not coming up with specifics to understand where we need to go. >> people need to come to a place where we are comfortable listening to people who are of the other side of the racial divide in not subscribing necessarily i.r.a. of pathology to their motivation. pas because we have "the donald" trump that is very popular because for a lot of white american there is a suspense that the language of race is all about political correctness and limiting what they can say in public and they don't
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necessarily feel comfortable confronting issues of race across the racial divide for fear that racism is the worst baying you could say. if you look at groups of friends we're still very segregated and it is more so. the place where minorities are educated look at selma only 50% in the public schools the vast majority has been pulled out into private schools. so we need to be more comfortable across a racial divide.
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let me explain my point of view through the only true of multiracial democracy. plus get europe and how they failed to integrate the northern africans there still call moroccan. the eric holder that is all the even to. in to talk robbie disagrees through the racial divide. >> how can you talk about race that is so passionate?
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how does it take any motion out of it? >> to this degree he understood how difficult it would be he knew the racial fatigue of white america as he tells a story in the "audacity of hope" the white guy means over to say the problem is every time i listen to the state senator i feel wider. so obama took credit by suggesting to be morally equivalent did not make white people feel guilty. but the problem is the following. when you are a minority in this country racially
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racially, sexually or religiously, you hear what is on radio that is outrageous. they're just as pathological now. the next is how you are addicted to do violence out women don't take care of their kids and on and on and on. to proselytize in the name of a neutral news media with the notion that black people are somehow the problem but when they hear things that our negative and shut down but people have to say where will we go? to have nowhere to go.
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with those ignorant danes we are conditioned to say it even if we disagree even of the one of the forms of white privilege it is denial. pretender you said is not true then to go to neighborhood that does not contain the contaminant. to make moral image read what they have to do. let's look at the fresh new language with the problems that we confront together to ask the brothers and sisters to take responsibility if barack obama say you cannot say i have not been fair.
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of what white people to step up and take responsibility at the remarkable press conference with the japanese premier when he said when the ball more burns up we get of mad about it and we will pledge we have commitment to the relief of suffering and go back to business as usual if we want an equal society cannot do that that is close as he got to say what america stop beating up on black america. why do the barack above a kept repeating that? because they think but the for racially diluted we just make up stuff. now the cameras prove it many plant evidence that happened one time on tape is 1,000 type times zaph -- off a tape of rock above is
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going to be serious to encourage white americans to speak were honestly about the issue of race procrastinate my class from slavery to use michael brown. they left marks of baptistery of racial violence from the me as a patient ended babyish shave to be white. i want them to be ashamed to be white but the was done name in though lightness and to grapple with the historical impediments for the flourishing of the african-american people and a democratic nation. when we take that kind of responsibility that we empathize with the other.
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black survival is dependent i know how they think or how they react. we know how to smile what is going on? but white people don't know anything about our culture and as a result of the president could invite us to have that type couple of conversation his legacy would be bananas. [applause] >>. >>.
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the police looked around and she said yes. then you are under arrest. but the ferguson please resume the african-american in citizen but there is nothing unconstitutional or illegal about that. that the identity as a nation we have to think about racial justice would do i don't know the answer. to be consistent with racial justice.
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what should you say to black boys? that have issues of the criminal justice system. touched up the average net worth of a black family. >> will that the establishment diminish the contributions of rock obama? the two terms as a small number of them. i think the president has enough accomplished it will be difficult to keep him out
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of the top 10 with the first african-american president there will drive the wright crazy. what can be done for the overall questions. that for too long we have operated the fundamental notions and that includes the police. talking about the altercation of a police officer we shall leave find out he was running away and the taser was dropped by his body. that is part of the problem that we have.
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some civil rights it isn't something that happens in the '60s with ever present struggle it is something that happened this morning. lead to start and the sizing to walk across the street who are so afraid of the police but not be robbed. that is undermining the conditions for society it has to do with the majority black community in keeping them from having a franchise that self-interest is to diminish the people that can get you out of your job.
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and minister to think outside your box for crowhop is pre-up what is happening now. telling them to be careful of the of police. because those instances are never ever followed by a prosecution but they don't want them in there either. they're afraid there won't get backed up at a robbery. we need to have prosecutors and it was clear there was no interest to pursue to allow them to investigate himself then showed no interest the so have the
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right to vote. >> the black boys i love that as a protection against the inevitable and unavoidable. love them so thoroughly they will love the hell out of themselves and they will squeeze the resistance out of them. one of those great works in the country under the spell of a certain belief that we shed's about genius in toothache we have to be competitive that is one of the most vicious consequences and in terms of
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obama and to still save the automobile industry he gave the american recovery act. in then he saved the economy. the first black president comes in and the headline reads obama allows the banks to fail and the economy to go to hell more will be written but he was a difficult position he should be seen as the black reagan as time goes on he will be seen as one of the great presidents top dead or top seven in the history to be the first african-american will give more icing on top.
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what he said take a copy in deal with white supremacy at the same time. in terms of the biracial the most brilliant question is that an advantage? to some people yes of the privilege the white side of day combination you have a good hair. ed is the sickness of the poulterer of one for review it is the beautiful thing as well. >> some biracial people have
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to work harder because they don't have black privilege. these federal have to read malcolm x. to have bid due to job black racial privilege for those who are african-american and in my class there is no assumption you have to read the book like everybody else. that is a legacy one of the most vicious things wright supremacy has done. for me in terms of middle-class ruses middle
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america just because tyson has of the suit is a respect that. but i am is a bore against concessions so you consider the respectability of politics i am challenging that. i say every negro of live is a star. sorry. i say black people must understand even those denied as less than an hour just as important as those as more than. it is a big bowl of jello. we'll promote the with horrible consequences that
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is field to the logic but we must understand but it is awful chocolate vanilla right now in gentrification israel. but james baldwin in the '60s with that urban renewal of negro removal and until we grapple with a consequence from the earth again blood dash urban demography we will not see how they are drained from the spaces. i love barack obama what he represents, the beauty of his family, the integrity of his voice, but we must call into account when asked when running for president what
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would dr. king say to you of what would you recommend? he would hold us accountable all according to the principles of democracy to is a change doesn't happen from the top down but from the bottom-up. how would we be bad batches even more reason to stand up to love us in public. we did hear pull up your bootstraps are lived yourself up. with that unadulterated black glove that is the most
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beautiful thing a black president can do. if all black lives matter than no black lives matter. [applause] >> just open the doors to the church. >> what is civil dialogue we had today. the uk and talk about it and i want to encourage you. [applause] i want to think my friends. and michael dyson to show
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wake of the big account the scandal at the time never shocked to find out what is a government enterprise in this case freddie was created in the wake of the depression to make home ownership widely available that if you have a tradition to buy up the loan that the bank lenders have made the they wouldn't have to worry about the capital. and this would help to foster home ownership and that was the beginning in a unique system no other country has a 30 year fixed-rate either the way that we do. in day credit that existence
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