By Pastor Curtis
O. Robinson, Sr.
But you shall remember the Lord your God, for it is He who is giving you power to make wealth, that He may confirm his covenant which He swore to your fathers, as it is this day. –Deuteronomy 8:18 (NAS)
Earlier this week, President Barrack Obama held a town hall meeting that was televised on a few news channels, and, of course, the number one topic was jobs for this sluggish economy.
It does appear that the economy is starting to gain some traction, and I believe that these areas of movement will present themselves in a new paradigm going forward. The Gross Domestic Product (GDP) increased at an annual rate of 1.6 percent in the second quarter of 2010. Corporate profits for the second quarter increased $72.7 billion compared to an increase of $148.4 billion in the first quarter of this fiscal year.
You don’t have to be a rocket scientist to understand that corporations are loading up with cash in their coffers. That’s pretty good considering that you could have bought me with two wooden nickels if you would have told me that Bear Stearns and Lehman Brothers were going to file bankruptcy. So it appears that the rotation is moving forward and not backward; or is it?
One striking theme of President Obama’s meeting circled around the notion of being middle-class in America. With a shrinking middle class and an expanding upper class, it still goes to show that one person’s crisis is another person’s opportunity. According to the latest report from the U.S. Census Bureau, poverty rates in the U.S. rose by 14.3 percent in 2009 over the year before. This represents more than four million additional people below the poverty line; the overall number of people in poverty was the highest in 51 years.
In spite of the increase in the rate of those living in poverty, which means more African-Americans have slipped into poverty, the rich have found a way to get richer. According to a report from Merrill Lynch Global Wealth Management, the number of U.S. households with a net worth of $1 million or more increased 16 percent in 2009.
As the people of God, let us not underestimate what the Lord is willing to do so that we may leave generational wealth for the future. As African-Americans, we should be more concerned with building as opposed to looking. Shaquille O’Neal may be flush with cash, but the person who signs his check is flush with wealth.
There are many propositions concerning the building of wealth and with that said, I will leave you with this one; He is the same God then and the same God now, and if we really desired it, we can have wealth, especially when we come into covenant relationship with God.
Pastor Curtis O. Robinson, Sr. is an associate minister at Bethlehem Baptist Church in Richmond, where Rev. Dr. Alvin C. Bernstein is Senior Pastor. Pastor Robinson is CEO of the Helping Hands of Hope and serves as Stewardship Consultant. He is also President of the Board of Directors of Girls Incorporated of West Contra Costa County. If you have comments or questions, email firstname.lastname@example.org.