Veteran Wall Street executive Charles Payne says President Barack Obama’s handling of race relations issues in the United States has failed.
"It’s heartbreaking. He had an amazing, very unique opportunity," Payne, a Fox Business Network anchor, told Ron Christie, guest host of "The Steve Malzberg Show" on Newmax TV.
"I knew staunch, hard conservatives who bitterly opposed Obama as a candidate who said, you know what maybe this will be a good thing. The nation was ready, we were ready and unfortunately the problem is Obama chose to govern in a way where the buck never stops at his desk."
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Payne said the Obama administration, from the beginning, blamed the George W. Bush administration for many of the nation’s problems.
Then, the president had a chance to embrace tea party activists who were gaining power, but didn’t, Payne believes.
"He had an amazing opportunity … He could have gone to any tea party event, he could have gone unannounced, showed up, met regular people, had conversations with them," he said.
"Put yourself in the shoes of, just say that black person marching 50 years ago in some demonstration somewhere in the South and if an elected official had done that. You remember black people in Alabama forgave [Gov. George] Wallace, who said he was a changed man and they changed with him and they actually voted for him – something that was absolutely unthinkable.”
Instead, Payne told Christie, Obama allowed the tea party, which posed a real serious threat to his candidacy and his party, to be "demonized and smeared."
"He allowed that to happen. He fostered that sort of thinking … He always governed in a way where he was never, there was never mea culpa or the buck stops at my desk."
Payne, CEO of Wall Street Strategies, an independent stock market research firm he founded, said he had hoped Obama’s time in the White House would be
"pragmatic [and] intelligent," but instead has stoked "the flames of anger and animosity."
"Every time he speaks now, there's a new basket of victims and if you cobble together enough victims, enough baskets, you get a majority. Okay, you've got women, you've got blacks, you've got Hispanics, you've got Asians, you've the gay and lesbian community," Payne said.
"You get these baskets of victims and you ride it all the way through. Instead of solutions, instead of creating a tide of prosperity … it's all about fairness, or this false premise of fairness, and those mean, old Republicans."
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