Anti-black racism, according to Susan Rice, a top advisor to President Biden, has cost the American economy a total of $16 trillion over the past 20 years.
At a gathering on Wednesday, Rice stated that “discrimination against blacks has cost the United States a shortfall in GDP of $16 trillion over the last 20 years.”
Rice, the head of the U.S. Domestic Policy Council, argued that addressing racial discrimination would enhance the U.S. GDP by “another $5 trillion.”
“We would add $5 trillion to GDP in the next five years if we closed our racial gaps,” Rice remarked. “And, just so you know, this isn’t my math. Citibank estimates this. When every neighborhood has the opportunity to grow, we all gain.”
According to the Daily Caller, Rice cited a Citibank report called “Closing The Racial Inequality Gaps: The Economic Cost of Black Inequality in the United States,” which asserted that if “‘racial gaps’ for black Americans had been closed, $2.7 trillion would have become available for consumption, $13 trillion more would have been made in business income, and 6.1 million new jobs would have been created annually.”
Later in her speech, Rice said that in areas such as Florida, where anti-white “critical race theory” (also called CRT) is outlawed in public school classes, black history is now being “erased” from classrooms and textbooks.
“Today, we are witnessing restrictions on seemingly innocuous children’s books across the nation simply because they portray prominent black or brown characters,” Rice added.
“Black history is being erased from our classrooms as well as textbooks. And make no mistake, the people who are doing this are attempting to convince us that we do not matter. That we are insignificant. And that perhaps we shouldn’t exist at all. Black history represents American history,” she went on to say. “The truth is the truth. We must struggle to preserve our heritage.”