Biden: Black Entrepreneurs Are As Capable Of Succeeding As Whites, "But They Don't Have Lawyers" or "Accountants" | Video | RealClearPolitics

Biden: Black Entrepreneurs Are As Capable Of Succeeding As Whites, "But They Don't Have Lawyers" or "Accountants"

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President Joe Biden said the United States as a great nation needs to come to terms with its "dark side" at an event on Tuesday in Oklahoma remembering the 100th anniversary of the Tulsa race massacre. Biden made the claim that Black entrepreneurs don't have the same problems as white entrepreneurs because the latter has "lawyers" and "accountants."

"Data shows young black entrepreneurs are just as capable of succeeding given the chance as white entrepreneurs are. But they don't have lawyers, they don't have -- they don't have accountants. But they have great ideas," Biden said.


BIDEN: We have a thing called--I won't go into it all but there's not enough time now. But I'm determined to use every taxpayer's dollar that is assigned to me to spend going to American companies and American workers to build Amer--that build American products. And as part of that I'm going to increase the share of the dollars the federal government spends to small, disadvantaged businesses including black and brown small businesses. Right now it calls for 10 percent. We're gonna move that to 15 percent of every dollar spent will be spent for both.

(APPLAUSE)

I have a priority to do that.

(APPLAUSE)

Just imagine if instead of denying millions of entrepreneurs the ability to access capital and--and--and contracting we made it possible to take their dreams to the marketplace to create jobs and invest in our communities. Dat--the data shows young black entrepreneurs are just as capable of succeeding given the chance as white entrepreneurs are. But they don't have lawyers, they don't have--they--they don't have accountants. But they have great ideas.

Does anyone doubt this whole nation'd be better off from the investments those people make? And I promise you that's why I set up the sm--National Small Business Administration that's much broader. 'Cause they're gonna get those loans.
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