racial discrimination. the president said he s directing his department of education to light the way, so on the subject of what happens next, let us ask the head of that department. united states education secretary miguel cardona, who joins us now. mr. secretary, thank you very much for being here. i know how you feel about this decision, that you said it takes our country backward, the president, though, in trying to look forward as we head into a new era says he wants you, as the department of education to light the way, find new areas. how is that going to look? how is it going to work? thank you for having me. first of all, my message to the students and families who are listening to this decision and worrying, we re going to keep fighting you. as the president said, this is not the last word and we have a plan on trying to make sure we continue to promote rich diversity on our campuses. we know that makes learning better, and everyone wins when they re learning in a
that s how i spent most of high school, so firsthand i got to experience what it s like to apply to colleges while affirmative action was operating under the old regime. you look at the national center of education statistics backed by the u.s. census, only 14% of students coming from a background like mine were going on to obtain a bachelor s degree. you look at harvard specifically, a team of harvard economists looked at harvard and asked how many of our students are coming from the bottom 20% of americans, and they found only 3% of their students were coming from what would really be the poor. that number inched up a little bit over late 2000s, early 2010s to 5%. what that means is harvard has achieved perfect black representation. that s very rare for an elite institution. it s done that several years in a row but because of these statistics, what we know is that when harvard lets in around 154
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it makes sense to me to be fair they re going out and saying that the economy is okay it s strong, that s what they re supposed to do but when we think of the harvard economists and chicago economists the indica r indicators are we re on the way to the recession. we re coming off the sugar high of the tax cut and the trade war, we need to be prepared. then we think about again last we think of larry kudlow. he is not very good on this, right? in 2007, he did he said we were strong. he did not see like many of us the 2008 recession on the horizon. so we need to be skeptical of kudlow, but we need to understand what their doing. i think the democrats need to be clear about their values, be aspirational in how they talk about them so they can present a stark contrast between what we have and what we aspire to be. what they take themselves to be that is. well, you had the quote about not having any heart at all, but does barack obama does not have
it s time now to clear the air. and do you remember when a number of republicans could not stop quoting the findings of two harvard economists, reinhart and rogarf who argued if government debt exceeded 90% of gdp then that country s economy was likely to collapse? so their answer and response of many republicans to the recession was not stimulus but austerity. slashing government spending as quickly as possible. a good body of research done by a couple of economists, carmen reinhart and ken rogaf. this study says when your debt reaches 90% of the economy, 90% of the growth domestic product, it pulls down economic growth by 1% to 2%. the best evidence we have tells us when you cross the 90% threshold on the gross debt of