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WASHINGTON (NNPA) – The 10 Black members of the powerful House Finance Committee are still being applauded
this week by the Black Press and Black leaders nationally for boldly boycotting a committee meeting in order to force a
$4 billion allocation to benefit the Black community. They have told the NNPA News Service that they plan to escalate
protests if lawmakers continue to ignore the suffering of their constituents, including advertising discrimination against
Black newspapers.
“We’re out of the box, we’re full speed ahead and we are not going to sit back and watch our communities suffer in
silence,” says U. S. Rep. Maxine Waters (D-CA), the ranking Congressional Black Caucus Member on the Committee,
who led the Dec. 2 boycott.
“The 10 African-American members of the Financial Services Committee have cooperated with the leadership, we have
cooperated with the administration, we have supported the bail out and now we’re saying, what do we get for all of
this cooperation? What are we delivering to our communities? And the answer is little or nothing.”
Describing horrid conditions in their districts that clearly illustrate disparate suffering in the African-American
communities, each of the 10 members – in separate interviews - described what their constituents are dealing with
and told why they must continue to act.
“Members of the Congressional Black Caucus are being bombarded with requests for assistance by minority
businesses that have no capital,” continued Waters. “The banks won’t lend them any money. They’re either closing
down or threatening to be closed down. The joblessness is off the scale. Not only do we have long lines seeking
unemployment, but on Thanksgiving Day around the country - including the scenes that came out of Atlanta and Los
Angeles – there were thousands of people standing in line for turkeys and turkey dinners. In Los Angeles, I walked a
four-block square place where they were giving out baskets. In that line were the disabled. One lady was 94 years
old.”
Joblessness, frustration, hopelessness – the sentiments are synonymous from state to state.
“They’re going through a tremendous, tremendous desperation effort,” said Rep. David Scott (D-GA). “Even if you look
at all of your own newspapers, advertising dollars are not there. We sit here as Congress people with tremendous
leverage and power. It was so important for us to use that leverage.”
Rep. Barbara Lee (D-CA), Chairwoman of the Congressional Black Caucus, is supportive of the Financial Services
Committee’s stance and said in a statement following remarks by President Barack Obama on job creation and
economic growth. “President Obama’s speech was another sober reminder of the important work we must do to grow
our economy and create jobs. While we agree with the president that support for small businesses, infrastructure
investment and green jobs is essential, we also believe that much more needs to be done, particularly for those
Americans who are hurting most.”
What the 10 Black members did was boycott the committee’s final vote on a broad-sweeping financial overhaul bill.
Instead, they were over at the White House trying to obtain greater funding for economic advances in the Black
community. The vote passed narrowly, but the CBC’s action effectively forced $4 billion to the table to go directly
toward helping people keep their homes after they’ve lost their jobs.
In addition to the needs of Black businesses, home owners and the jobless, a news release describing the boycott
specifically cited the importance of spending federal advertising dollars with Black newspapers.
“Like other businesses, access to capital has been a challenge for this industry as well. With declining ad revenues,
newspapers everywhere are struggling to survive,” the statement said.
Danny Bakewell, chairman of the 200-member National Newspaper Publishers Association, was credited by several
members for helping to spark the protest by his firebrand lobbying around Capitol Hill.
Bakewell said he is delighted at the stance taken by the CBC, but much more must be done to recognize the power of
the Black Press to the nation.
“We have been the backbone and the foundation on which America was built. And in this case, what we are realizing
is that we continue to be the foundation on which many of these corporations make their profits and develop their
brands throughout the country and we’re not going to continue to sit idly by and let them do that while the very fabric
of our community is crumbling from within. We’re serving notice on General Motors, Ford, Toyota, and other automotive
companies and the automotive industry that there will be no more business as usual.”
Bakewell and NNPA Foundation Chair Dorothy R. Leavell, as well as Mollie Belt, 2nd Vice Chair of NNPA and Michael
House, NNPA Marketing Chairperson, have begun a series of meetings with corporations and have already made
inroads.
“We’ve met with AT&T. They have been very receptive. They represent what we believe at this point we can say is a
good corporate citizen,” Bakewell said. “We’re not asking for a bail out or a hand out, we’re asking for reciprocity and
respect.”
Bakewell explained that the Black community, Black newspapers included, are being shortchanged for the dollars they
spend with businesses and corporations.
“We’re asking what percentage of the market share do we represent a company’s business, their profit margin? If we
represent one percent, we don’t expect to get anything more than one percent. But, if we represent 50 percent, we
expect to have 50 percent of their resources and their effort going to strengthen their brand and building their brand
in our community.”
In order to avoid legal ramifications, the committee agreed to target the money toward communities with the highest
socio-economic impact rather than by race. That includes most of the CBC districts.
“Across the country, it is absolutely shocking,” says Rep. Al Green (D-TX). “It is very unfortunate that we have to
make this commentary, but the truth of the matter is that there are people who are suffering and who have not been
identified properly…We cannot leave these communities behind. If it goes to the areas where the unemployment is the
highest, it covers the people who are suffering the most.
Green says his office has found that the federal government spends about 5 percent of $4.3 billion for ad-related
expenditures on small business and minority businesses.
“We can do better than that,” he says. “These newspapers, not only do they benefit from the ads, but the community
benefits from the message that the ads bring to the community because it goes to a corner of the community that is
not penetrated by other newspapers.”
Part of the money will come from the TARP (Troubled Asset Relief Program).
“There’s no more troubled assets than a job and your home,” says Scott. "So, now we are using our muscle to
address the high jobless rates in our communities and the high foreclosure rate.”
CBC members are hoping to get even more as they continue to use creative ways to call attention to the swelling
problems in the Black community that have shaken up the offices of the CBC members.
“The traditional role of a member of Congress before the economic downturn was to basically intervene with the
federal government agencies on behalf of constituents, people didn’t get their VA checks or social security checks or
they were needing help getting their travel documents or visas or passport,” says Rep. Mel Watt (D-NC). “But,
disproportionately now, people are calling for grassroots down in the community help. I need food, I need housing. I
need to be protected from a foreclosure. I need assistance with mortgage modification, I need you to find me a job.
Businesses are calling saying I can’t find any loans, I can’t get credit.”
They’re receiving the calls and emails everyday, says Rep. Keith Ellison (D-MN).
“They say when’s our turn?” Ellison recounts. “‘We need real jobs programs. We need something to help small,
minority businesses. We need to know that there is a vibrant, historic and very strong African-American business
community here in the United States and in my state of Minnesota. It really struck me that every single industry is
being severely impacted.”
Congressman Gregory Meeks (D-NY) says his district has been hit especially hard in homeownership.
“My district in the city of New York is number one in foreclosures. So, more people are losing their homes and thereby
losing wealth. And so much so that I’ve had to get not-for-profit organizations that have expertise in helping
individuals work through these problems,” he said. “We really can’t make a decision in trying to save people’s homes.
So they’re feeling that the dream that they had, the American dream of having home ownership, they had it, but they’
re losing it and as a result losing their credit, which might mean they may not be able to gain it again.”
Rep. Lacy Clay (D-MO) says it’s like the lifeblood flowing out of the communities.
Missouri, like the rest of the country, is hemorrhaging, especially in the African-American community from the economic
woes of this country…There is no job creation, there is no rescue or bailout for those African-Americans who have
been caught in a cycle of home foreclosures, job losses and health care benefits, all of that is precarious to our
community, unique to our community.
Rep. Eldridge Cleaver (D-MO) says his constituents are wise to the fact that they’ve been neglected while big
businesses were bailed out.
“It is not just impacting the uneducated, it’s impacting the entire community. We gave General Motors billions of
dollars. They don’t advertise in Black newspapers. They don’t advertise on Black radio. That’s not right. And there’s no
reason for us to remain passive or silent as that’s happening.”
CBC members have known all along about the disparate treatment of Blacks. But recently they were enlightened to
the point of taking their consciousness to a new level of protest.
“As we worked through the process of getting to the point where we were going to vote for the final Wall Street bill, it
became more and more difficult for the 10 members of financial services to vote for it because it felt like we were navel
gazing,” said Gwen Moore (D-WI) “We saw that we were presiding over the entire collapse of the Black economy. We
had to make a decision about how to get attention on a whole sector of our economy that was about to go under. It
wasn’t like the Black community was getting a hair cut, we were being beheaded.”
With the Black unemployment rate surpassing 15 percent while the overall rate is at 10 percent, there is one cry
above all others for which the CBC vows to continue to stand:
“Jobs, jobs, jobs, jobs, jobs,” lamented Rep. Andre Carson (D-IN) “We’re dealing with so many contentious issues in
Congress, to see people who are bold and unapologetic, you can’t do anything but respect it whether you agree or
disagree philosophically, the boldness that comes with that stand can’t be overlooked.”
-30-
this week by the Black Press and Black leaders nationally for boldly boycotting a committee meeting in order to force a
$4 billion allocation to benefit the Black community. They have told the NNPA News Service that they plan to escalate
protests if lawmakers continue to ignore the suffering of their constituents, including advertising discrimination against
Black newspapers.
“We’re out of the box, we’re full speed ahead and we are not going to sit back and watch our communities suffer in
silence,” says U. S. Rep. Maxine Waters (D-CA), the ranking Congressional Black Caucus Member on the Committee,
who led the Dec. 2 boycott.
“The 10 African-American members of the Financial Services Committee have cooperated with the leadership, we have
cooperated with the administration, we have supported the bail out and now we’re saying, what do we get for all of
this cooperation? What are we delivering to our communities? And the answer is little or nothing.”
Describing horrid conditions in their districts that clearly illustrate disparate suffering in the African-American
communities, each of the 10 members – in separate interviews - described what their constituents are dealing with
and told why they must continue to act.
“Members of the Congressional Black Caucus are being bombarded with requests for assistance by minority
businesses that have no capital,” continued Waters. “The banks won’t lend them any money. They’re either closing
down or threatening to be closed down. The joblessness is off the scale. Not only do we have long lines seeking
unemployment, but on Thanksgiving Day around the country - including the scenes that came out of Atlanta and Los
Angeles – there were thousands of people standing in line for turkeys and turkey dinners. In Los Angeles, I walked a
four-block square place where they were giving out baskets. In that line were the disabled. One lady was 94 years
old.”
Joblessness, frustration, hopelessness – the sentiments are synonymous from state to state.
“They’re going through a tremendous, tremendous desperation effort,” said Rep. David Scott (D-GA). “Even if you look
at all of your own newspapers, advertising dollars are not there. We sit here as Congress people with tremendous
leverage and power. It was so important for us to use that leverage.”
Rep. Barbara Lee (D-CA), Chairwoman of the Congressional Black Caucus, is supportive of the Financial Services
Committee’s stance and said in a statement following remarks by President Barack Obama on job creation and
economic growth. “President Obama’s speech was another sober reminder of the important work we must do to grow
our economy and create jobs. While we agree with the president that support for small businesses, infrastructure
investment and green jobs is essential, we also believe that much more needs to be done, particularly for those
Americans who are hurting most.”
What the 10 Black members did was boycott the committee’s final vote on a broad-sweeping financial overhaul bill.
Instead, they were over at the White House trying to obtain greater funding for economic advances in the Black
community. The vote passed narrowly, but the CBC’s action effectively forced $4 billion to the table to go directly
toward helping people keep their homes after they’ve lost their jobs.
In addition to the needs of Black businesses, home owners and the jobless, a news release describing the boycott
specifically cited the importance of spending federal advertising dollars with Black newspapers.
“Like other businesses, access to capital has been a challenge for this industry as well. With declining ad revenues,
newspapers everywhere are struggling to survive,” the statement said.
Danny Bakewell, chairman of the 200-member National Newspaper Publishers Association, was credited by several
members for helping to spark the protest by his firebrand lobbying around Capitol Hill.
Bakewell said he is delighted at the stance taken by the CBC, but much more must be done to recognize the power of
the Black Press to the nation.
“We have been the backbone and the foundation on which America was built. And in this case, what we are realizing
is that we continue to be the foundation on which many of these corporations make their profits and develop their
brands throughout the country and we’re not going to continue to sit idly by and let them do that while the very fabric
of our community is crumbling from within. We’re serving notice on General Motors, Ford, Toyota, and other automotive
companies and the automotive industry that there will be no more business as usual.”
Bakewell and NNPA Foundation Chair Dorothy R. Leavell, as well as Mollie Belt, 2nd Vice Chair of NNPA and Michael
House, NNPA Marketing Chairperson, have begun a series of meetings with corporations and have already made
inroads.
“We’ve met with AT&T. They have been very receptive. They represent what we believe at this point we can say is a
good corporate citizen,” Bakewell said. “We’re not asking for a bail out or a hand out, we’re asking for reciprocity and
respect.”
Bakewell explained that the Black community, Black newspapers included, are being shortchanged for the dollars they
spend with businesses and corporations.
“We’re asking what percentage of the market share do we represent a company’s business, their profit margin? If we
represent one percent, we don’t expect to get anything more than one percent. But, if we represent 50 percent, we
expect to have 50 percent of their resources and their effort going to strengthen their brand and building their brand
in our community.”
In order to avoid legal ramifications, the committee agreed to target the money toward communities with the highest
socio-economic impact rather than by race. That includes most of the CBC districts.
“Across the country, it is absolutely shocking,” says Rep. Al Green (D-TX). “It is very unfortunate that we have to
make this commentary, but the truth of the matter is that there are people who are suffering and who have not been
identified properly…We cannot leave these communities behind. If it goes to the areas where the unemployment is the
highest, it covers the people who are suffering the most.
Green says his office has found that the federal government spends about 5 percent of $4.3 billion for ad-related
expenditures on small business and minority businesses.
“We can do better than that,” he says. “These newspapers, not only do they benefit from the ads, but the community
benefits from the message that the ads bring to the community because it goes to a corner of the community that is
not penetrated by other newspapers.”
Part of the money will come from the TARP (Troubled Asset Relief Program).
“There’s no more troubled assets than a job and your home,” says Scott. "So, now we are using our muscle to
address the high jobless rates in our communities and the high foreclosure rate.”
CBC members are hoping to get even more as they continue to use creative ways to call attention to the swelling
problems in the Black community that have shaken up the offices of the CBC members.
“The traditional role of a member of Congress before the economic downturn was to basically intervene with the
federal government agencies on behalf of constituents, people didn’t get their VA checks or social security checks or
they were needing help getting their travel documents or visas or passport,” says Rep. Mel Watt (D-NC). “But,
disproportionately now, people are calling for grassroots down in the community help. I need food, I need housing. I
need to be protected from a foreclosure. I need assistance with mortgage modification, I need you to find me a job.
Businesses are calling saying I can’t find any loans, I can’t get credit.”
They’re receiving the calls and emails everyday, says Rep. Keith Ellison (D-MN).
“They say when’s our turn?” Ellison recounts. “‘We need real jobs programs. We need something to help small,
minority businesses. We need to know that there is a vibrant, historic and very strong African-American business
community here in the United States and in my state of Minnesota. It really struck me that every single industry is
being severely impacted.”
Congressman Gregory Meeks (D-NY) says his district has been hit especially hard in homeownership.
“My district in the city of New York is number one in foreclosures. So, more people are losing their homes and thereby
losing wealth. And so much so that I’ve had to get not-for-profit organizations that have expertise in helping
individuals work through these problems,” he said. “We really can’t make a decision in trying to save people’s homes.
So they’re feeling that the dream that they had, the American dream of having home ownership, they had it, but they’
re losing it and as a result losing their credit, which might mean they may not be able to gain it again.”
Rep. Lacy Clay (D-MO) says it’s like the lifeblood flowing out of the communities.
Missouri, like the rest of the country, is hemorrhaging, especially in the African-American community from the economic
woes of this country…There is no job creation, there is no rescue or bailout for those African-Americans who have
been caught in a cycle of home foreclosures, job losses and health care benefits, all of that is precarious to our
community, unique to our community.
Rep. Eldridge Cleaver (D-MO) says his constituents are wise to the fact that they’ve been neglected while big
businesses were bailed out.
“It is not just impacting the uneducated, it’s impacting the entire community. We gave General Motors billions of
dollars. They don’t advertise in Black newspapers. They don’t advertise on Black radio. That’s not right. And there’s no
reason for us to remain passive or silent as that’s happening.”
CBC members have known all along about the disparate treatment of Blacks. But recently they were enlightened to
the point of taking their consciousness to a new level of protest.
“As we worked through the process of getting to the point where we were going to vote for the final Wall Street bill, it
became more and more difficult for the 10 members of financial services to vote for it because it felt like we were navel
gazing,” said Gwen Moore (D-WI) “We saw that we were presiding over the entire collapse of the Black economy. We
had to make a decision about how to get attention on a whole sector of our economy that was about to go under. It
wasn’t like the Black community was getting a hair cut, we were being beheaded.”
With the Black unemployment rate surpassing 15 percent while the overall rate is at 10 percent, there is one cry
above all others for which the CBC vows to continue to stand:
“Jobs, jobs, jobs, jobs, jobs,” lamented Rep. Andre Carson (D-IN) “We’re dealing with so many contentious issues in
Congress, to see people who are bold and unapologetic, you can’t do anything but respect it whether you agree or
disagree philosophically, the boldness that comes with that stand can’t be overlooked.”
-30-
| CBC members of the Finance Committee (Not in order) Maxine Waters D-CA, David Scott D-GA, Barbara Lee D-CA, Al Green D-Tx, , Mel Watt D-NC, Lacy Clay D-MO. Keith Ellision D-MN, Gwen Moore D-WI, Gregory Meeks D-NY, Andre Carson D-MN, |
"I am proud to endorse a candidate who has so honorably served his country," said
Peter Fiumefreddo, chairman of the New York Veterans PAC and commander of the
Hawthorne American Legion. "When his nation needed him, Joe stepped up to serve in
the U.S. Army. When his district needed him, he decided to serve as a U.S.
congressman where he developed a proven record in support of veteran's rights... I am
confident he will represent this state well and continue to advocate for veterans as New
York's senator."
The veterans PAC was founded in February by Fiumefreddo and Frank Morganthaler of
Eastchester, a Vietnam veteran. Fiumefreddo said the PAC plans to endorse candidates
based on their support of veterans issues.
"We feel that, over the past number of years, veterans have been short-changed,"
Fiumefreddo said. "We get a lot of lip service and plaques from our elected officials, but
we really don't get a lot of action in terms of funding for programs, dealings with the VA
and other issues. Our PAC will support candidates who we feel support us."
DioGuardi, who served in the Army Reserve from 1963-69, is seeking the U.S. Senate
seat currently held by Democrat Kirsten E. Gillibrand. DioGuardi, a certified public
accountant, was a congressman from 1985-88.
"It is truly an honor to receive the endorsement of the New York Veterans PAC," the
Ossining resident said in a statement.
If elected, DioGuardi said, "I will proudly and steadfastly stand up for the individuals
who have put their lives on the line for America."
Peter Fiumefreddo, chairman of the New York Veterans PAC and commander of the
Hawthorne American Legion. "When his nation needed him, Joe stepped up to serve in
the U.S. Army. When his district needed him, he decided to serve as a U.S.
congressman where he developed a proven record in support of veteran's rights... I am
confident he will represent this state well and continue to advocate for veterans as New
York's senator."
The veterans PAC was founded in February by Fiumefreddo and Frank Morganthaler of
Eastchester, a Vietnam veteran. Fiumefreddo said the PAC plans to endorse candidates
based on their support of veterans issues.
"We feel that, over the past number of years, veterans have been short-changed,"
Fiumefreddo said. "We get a lot of lip service and plaques from our elected officials, but
we really don't get a lot of action in terms of funding for programs, dealings with the VA
and other issues. Our PAC will support candidates who we feel support us."
DioGuardi, who served in the Army Reserve from 1963-69, is seeking the U.S. Senate
seat currently held by Democrat Kirsten E. Gillibrand. DioGuardi, a certified public
accountant, was a congressman from 1985-88.
"It is truly an honor to receive the endorsement of the New York Veterans PAC," the
Ossining resident said in a statement.
If elected, DioGuardi said, "I will proudly and steadfastly stand up for the individuals
who have put their lives on the line for America."
| New veterans PAC endorses DioGuardi's Senate bid |
| Joe DioGuardi |