In Tulsa Speech, Bloomberg Acknowledges White Privilege

Democratic presidential candidate Mike Bloomberg during a speech Sunday made an appeal to black voters by acknowledging his white privilege.

"As someone who has been very lucky in life, I often say my story would only have been possible in America — and I think that's true." Bloomberg said during an appearance at the Greenwood Cultural Center in Tulsa, Okla.

"But I also know that my story would have turned out very differently if I had been black, and that more black Americans of my generation would have ended up with far more wealth had they been white."

Bloomberg, the former New York City mayor who entered the 2020 presidential race in late November, also unveiled the Greenwood Initiative to increase black homeownership and the number of black-owned businesses in the U.S.

The plan calls for $70 billion in investments in the most disadvantaged neighborhoods in the country. It would also invest an initial $10 billion for the creation of a Housing Fairness Commission.

During that speech, Bloomberg also apologized for the controversial “stop and frisk” policing he oversaw as New York City mayor and stated that he wants "to make sure all Americans have the opportunity to do what I did, and to end the connection between financial success and race that has lasted for hundreds of years. And I don't think there's any question that fulfilling Dr. King's vision of economic equality is a major challenge."

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