A large portion of the personal wealth in America is concentrated in real estate (mortgage debt).

When Obama became president, he could have easily bailed out the 9 million American homeowners (predominantly low income black and Hispanic families), but instead he chose Wall Street, effectively facilitating the largest transfer of wealth from the black community to private capital in history.

In this sense, Obama prevented future generations of black communities from ever becoming homeowners again.

Similar trends are also happening under Biden’s policies today, the so-called “Bidenomics” where black unemployment has risen much faster than other demographics. These are all austerity measures designed to make poor minorities bear the brunt of the economic impact if only to slow the crumbling of the system itself.

But since "the government actually profited" it's all good, right?