Is the time for Affirmative action past?

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Well is it?Affirmative action , which is racist in nature , has got to go in my opinion. We have a black man as president now ,therefore , no race could possibly be holding another race down or denying them employment opportunities.If this is so , then the need for "quotas" and "standards" has long since passed. Why is this blatantly racist practice allowed to continue in a country that prides itself on equality and fairness towards all races? At this point and time we are only robbing ourselves of good qualified people of all colors , to put in less qualified people of the "color of need" to meet government standards for fair hiring practices.What do you guys think?Is it time to put this terrible practice to rest?