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Julian Castro on Budget & Economy

Democratic Presidential Challenger (withdrawn); former HUD Secretary

 


Economy isn't working even as Trump takes credit

There are a lot of Americans right now that are hurting. This president always likes to take credit, like he did this. We have now had about 105 straight months of positive job growth, the longest streak in American history. Over 80 months of that was due to President Barack Obama. Thank you, Barack Obama.

We need to invest in what will ensure that Americans can prosper in the years to come, making sure they have the knowledge and skills to compete in the 21st century economy, ensuring that they can afford the rent where they live and that they have health care so that they don't have to worry about going homeless because they can't afford a medical procedure.

Source: July Democratic Primary debate (second night in Detroit) , Jul 31, 2019

Too-tight credit market hurts minority home ownership

We finally fulfilled the full obligation of the 1968 Fair Housing Act by putting into practice the Affirmatively Furthering Communities of Color Homeownership must be an affordable option within reach of all credit-qualified Americans, particularly young adults and communities of color who have historically experienced tighter credit markets. While there is no question that credit markets needed to be reformed following the market collapse of the Great Recession, the pendulum has swung too far in the opposite direction. For example: the African American homeownership rate has fallen 6.7 percentage points to 43 percent; the Hispanic homeownership rate has fallen 2.5 percentage points to 45.6 percent; and the white homeownership rate has fallen 4.0 percentage points to 71.9 percent. If we are to reverse this trend in a responsible manner, FHA must continue to be a key source of support for low- and moderate-income and first-time homebuyers.
Source: HUD.gov Cabinet Exit Memo for Obama Cabinet biographies , Jan 5, 2017

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Page last updated: Jan 31, 2020