White House Domestic Policy Advisor Susan Rice was thrashed by social media users after she made the outrageous claim that racism has cost the United States $16 trillion during a National Action Network speech Wednesday where she quoted Citibank.
The National Action Network was founded by notorious race-baiter turned MSNBC talking head, Al Sharpton. The convention was held in New York City. Rice was addressing the White House’s commitment to promoting civil rights.
“In the last 20 years, the US had a GDP shortfall of $16 trillion due to discrimination against black Americans. If we closed our racial gaps, we could add another $5 trillion to GDP over just the next five years. And in case you’re wondering, that’s not my math, that’s, according to Citibank. We all benefit when every community has the chance to thrive,” Rice proclaimed.
The Citibank report that Rice referred to claims, “The analysis in the report that follows shows that if four key racial gaps for Blacks — wages, education, housing, and investment — were closed 20 years ago, $16 trillion could have been added to the U.S. economy. And if the gaps are closed today, $5 trillion can be added to U.S. GDP over the next five years.”
. @AmbRice46 bombs.
The applause is anemic….. https://t.co/rCl5k7mfmY
— Richard Grenell (@RichardGrenell) April 12, 2023
In my speech at the @NationalAction Convention today, I cited data that we lost $16T in GDP from 2000-2020 due to racial discrimination, and would add $5T over five years if we closed racial gaps. That's not my math. That's according to @Citi: https://t.co/hYEIr6Bzx9 pic.twitter.com/oVcHcG1VNl
— Susan Rice (@AmbRice46) April 12, 2023
Later in her blatantly racist and biased screed, Rice attacked Republicans over education and Critical Race Theory.
“Let’s join together to build a society where we all count, we all can be secure, living in dignity and with hope. Finally, let’s stand together in defense of facts, truth, and history,” she railed.
“Today, in states across the nation, we’re seeing bans on innocuous children’s books just because they feature prominently black or brown characters. We’re seeing black history erased from our classrooms and textbooks. And make no mistake: Those who are doing this are trying to tell us that we do not count, that we do not matter and that perhaps we should not exist. Black history is American history,” she exclaimed.
“In the last 20 years, the US had a GDP shortfall of $16 trillion due to discrimination against black Americans.” -Susan Rice , she’s a fucking idiot
— Heidi (@HeidiL_RN) April 14, 2023
Rice’s declarations on race and other issues were met with ridicule on Twitter.
“Liberalism has reduced the size of the economy by $100 trillion. And I have as much proof of that as @AmbassadorRice does,” National Review contributor Pradheep Shanker snarked.
Columnist David Marcus tweeted, “What on earth could this possibly even mean?”
“Just perfect: Speaking to millionaire Al Sharpton’s group, millionaire Susan Rice quotes her friends at Citibank to call the American economy racist,” Daily Caller Editor Vince Coglianese noted. “Fun fact: In 2008, Michael Froman — then a Citigroup executive — recommended Susan Rice for the job of US Ambassador to the United Nations.”
“Then I guess she should stop participating in it,” journalist Doug Powers quipped.
Former Georgia congressional candidate Barrington Martin II nailed it, “This is nuts and unbelievable she said this out loud and was serious. Mathematically it doesn’t make sense.”
This is nuts and unbelievable she said this out loud and was serious. Mathematically it doesn’t make sense.
— Barrington Martin II (@_BarringtonII) April 12, 2023
Journalist Tom Elliott blasted Rice for lying, “[email protected] says ‘let’s stand together in defense of facts’ and then immediately tells six straight lies, starting w/ the myth that states are banning children’s books.”
Others lined up to hammer Rice over her divisive rhetoric and they took a jab at Citibank as well:
Really? Citibank has a way of relating racial bigotry to GDP? I smell a Nobel Prize!
— Dan Roentsch (@ChantersNod) April 12, 2023
And here I was wondering how many people get paid from the new $16 trillion/year “antiracism” cottage industry.
— Chris Nethery (@ChrisANethery) April 12, 2023
Well, they (whoever they are) should step up and make that 5 trillion. What are they waiting for?
Surely, by tomorrow this supposed 16 trillion missing from our economy will be blamed on climate change.
It’s always either racism or climate change.
— CCP Own Silicon Valley (@tweet_Harding) April 12, 2023
Can we see the math on that?
— Brett (@Texan__Pride) April 12, 2023
Common Core math.
— StellaBellus (@StellaBellus) April 12, 2023
Susan Rice, the famous economist.
— Malachai Zamere (@ZamereMalachai) April 12, 2023
Race hustlers gotta race hustle.
— Uncle T-Fat (@UncleTFat) April 12, 2023
Well damn…Citibank said it…that’s frickin gold!
— Darth Gooch (@jonspurplegooch) April 14, 2023
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