Civil Rights Group Applauds Obama Administration's Commitment to Jobs Growth
By Mel Fabrikant Thursday, February 14, 2013, 10:46 AM EST
On the Anniversary of the President's Announcement of a Task Force to Hold Banks Accountable for the Nation's Brutal Housing Crisis, More Work Needs to be Done
Statement from ColorOfChange.org Executive Director Rashad Robinson
African-American civil rights organization ColorOfChange.org applauds President Obama's State of the Union announcement yesterday to focus on building a stronger government through jobs creation, a federal minimum wage increase and safeguarding the social safety net.
Last night President Obama outlined a series of plans that aim to reduce the debt burden on the American people, foster a pathway to the middle class for many low wage workers struggling to make ends meet by raising the federal minimum wage to $9 per hour from its current $7.25, and invest $15 million dollars towards Project Rebuild in an effort to help those devastated by the housing crisis. The President also issued a strong caution to Congress that the sequester will devastate the economy by jeopardizing food safety programs, education, law enforcement and our social safety net.
Rashad Robinson, executive director of ColorOfChange.org said, "We urge the president to reissue a call to strengthen efforts to hold the biggest banks accountable in light of the record-breaking $25 billion dollar housing crisis settlement. This money is still not going to those communities who were hardest-hit. Black communities inparticular have been devastated. 75% of Black wealth was lost during the housing crisis and is at its lowest in 25 years. What was once a pathway to the middle class for many has become a terrible burden as families continue to struggle to recover with little to no assistance from the government.
"We urge the President to commit in word and deed to holding banks accountable through this settlement to pay the true costs associated with their actions to try to make these communities whole again. ColorOfChange members are resolved in our efforts and will continue to fight for the millions of people around the country who have suffered and continue to endure this housing crisis."