Gary Acosta’s Weekly Blog

Featuring Gary’s take on the economy, politics, sports and Latino culture

Gary Acosta is an entrepreneur, public policy advocate, investor, and thought leader passionate about advancing prosperity for Latinos and other underserved communities. As an industry leader, he protects and improves the business environment required to close the wealth gap, particularly via homeownership. Amongst other endeavors, he is Co-Founder & CEO of NAHREP, the country’s leading Hispanic business organization, and Co-Founder of L’ATTITUDE, the preeminent platform for Latino economic empowerment. Acosta is also a general partner of L’ATTITUDE Ventures, the nation’s largest venture capital fund exclusively focused on Latino-led start-ups. Join Gary as he dives into today’s issues through many creative formats.

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Bloomberg jumps into the race

People have been asking me what do I think about Michael Bloomberg entering the presidential race. I have to say that I’m not sure. Bloomberg supporters point to his success as mayor of New York and the fact that his wealth makes Donald Trump’s seem paltry. However, I can’t see the base of the Democratic…

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Marie Yovanovitch and Fiona Hill

This week, the media was dominated by the impeachment hearings. While I am going to save my opinion on the subject for another time, watching Ambassador Marie Yovanovitch and Fiona Hill testify convinced me of two things: First, knowing that there are smart, dedicated people like this in our government gives me confidence that despite…

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Socialism is a loser for Dems

Americans like a lot of things including hamburgers, beer, television, and money. They also like the idea of living in a country where no matter how tough you might have it today, you could win the lottery or invent something and be rich tomorrow. Americans relish their freedoms, whether they are good for them or…

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Julián Makes it to the Next Round of Debates

Presidential candidate Julián Castro has qualified for the next round of debates by meeting the fundraising and polling minimums established by the Democratic National Committee. So far, only 10 of the original 25 candidates have qualified, so this puts Julián in a smaller group of frontrunners. Julián’s unexpected surge has come from two outstanding debate…

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Do Deficits Matter Anymore?

Of all the things wrong with our political system, the worst might be that our system rewards short term success at the expense of the long-term health of the country. Our growing deficit is one primary example of this phenomenon. America’s fiscal deficit is expected to reach over a trillion dollars per year over the…

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Am I Anti-Trump or just Pro-Latino?

Before Donald Trump denigrated Mexican immigrants in his speech where he announced his candidacy for President, the thought of a businessman like Trump running for president would have been interesting to me. Like a lot of people, I believe we need new blood in Washington with new ideas and free of the cesspool of special…

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HUD denies loans to DACA recipients

Although I was disappointed, I wasn’t surprised when HUD announced last week that FHA would not back loans made to DACA recipients. DACA was a designation made by the Obama Administration that provides temporary legal status for a select group of people who were brought to the U.S. when they were small children and have…

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A nod to Julián Castro

Julián Castro is a former HUD Secretary and a Democratic candidate for president of the United States. He also happens to be Latino, so of course I should support him—and I do. The truth is that Julián is a long shot. The Texas native comes from humble beginnings, but he and his twin brother Joaquín…

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We don’t need saviors

Late Friday the world received news that the Robert Mueller report was completed and sent to the Attorney General for review. Before anyone other than the justice department has seen any of the report or its primary conclusions, the speculation has been all over the place. Fox News is saying the report has vindicated the…

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Breakfast with a Billionaire

Last week, my friend Earl Watson arranged a breakfast meeting for me to meet with Starbucks founder, Howard Schultz. Watson and Armando Tam were also in attendance. Earl Watson’s relationship with Schultz goes back to when Schultz owned the Seattle Supersonics, the NBA team that drafted him out of UCLA. Schultz later sold the team…

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Whose economy is it?

Unemployment is low and the stock market is rising. Two of our primary indicators of how the economy is faring. Trump supporters say that it is the result of the president’s tax policy and curtailment of governmental regulations. Obama supporters say it is just the continuation of eight straight years of growth that began in…

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The history of government shutdowns

Most of you have probably heard by now that the 35-day government shutdown is over, at least for now. Congress and the President agreed to open the government for three weeks so that government employees can get paid while our elected officials can continue to negotiate a federal budget. What you probably don’t know is…

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A Wall or Not a Wall

As of this writing, the government is in the midst of the longest self-imposed shut down in history. Approximately 800,000 workers are out of work or going without pay, national parks are closed, and all “non-essential” government services are on hold. The reason for the shutdown is because the government does not have an approved…

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