Turns out electing the first black President hasn’t helped the black community all that much.
Wall Street says thanks for the bailout.
From the Wall Street Journal:
The lowest state jobless rate for black workers in the country matches the highest rate for white workers in a new analysis.
At 6.7%, Virginia’s black unemployment rate was the lowest in the nation in the fourth quarter. That rate happens to be the same as the jobless rate for white workers in West Virginia, the worst in the country, according to a report from the left-leaning Economic Policy Institute.
The report, released this month, found that while unemployment rates have fallen across much of the country and the national unemployment rate is now half of its recession-era peak, only a handful of states have seen meaningful improvement in the labor market for African-American and Latino workers. And conditions vary greatly from state to state.
The worst state for black Americans looking for work? That was Illinois, where the jobless rate was 13.1% in the fourth quarter.
Obama’s home state. You can’t make this up.
Even in Virginia, the unemployment rate for black workers was twice as high as it was for white workers. The largest gaps in black and white unemployment were in the District of Columbia, where the black unemployment rate was 5.4 times that of white workers, and in Michigan, where the rate was 3.4 times higher, the report found. The smallest gap was in New Jersey, where the rate was 1.5 times higher.
“Here we are almost seven years into a recovery, that’s troubling that in a number of these states, states that have a significant African-American population, they still have really high unemployment rates,” Ms. Wilson said.
Well yeah, Obama works for the bankers.
“For black Americans, we’re still in the midst of a very serious depression or recession,” Rep. Keith Ellison (D., Minn.) told Fed Chairwoman Janet Yellen when she testified before Congress Feb. 10.
Black workers in Alabama may have taken the hardest hit in this recovery. The unemployment rate for African-Americans there is almost twice as high—a full 5.1 percentage points higher—as it was before the recession, the most elevated in the country.
If you like what Obama’s done for black people, I’m sure you’ll just love what Hillary will do for women.
For more on the oligarch recovery, see:
The Oligarch Recovery – U.S. Military Veterans are Selling Their Pensions in Order to Pay the Bills
The Oligarch Recovery – 30 Million Americans Have Tapped Retirement Savings Early in Last 12 Months
The Oligarch Recovery – Low Income Americans Can’t Afford to Live in Any Metro Area
Another Tale from the Oligarch Recovery – How a $1,500 Sofa Costs $4,150 When You’re Poor
In Liberty,
Michael Krieger
Donate bitcoins: 35DBUbbAQHTqbDaAc5mAaN6BqwA2AxuE7G
Follow me on Twitter.
call me a racist but most YOUNG african americans don’t understand oligarchy in the context of divide and conquer political tactics .
the only black people i’ve met, ARE OLDER MALES WHO ARE BLACK, who understand that people like al sharpton and msnbc and white leftists are all useful tools meant as bait to help destroy the people on the bottom —white and black alike.
and the older folks are tired , as are all older folks. once your brainwash and destroy the critical thought capacity of an entire generation of young people, there’s little the critical thinking minority can do to correct that problem.
how does this get solved? how does the average ‘educated’ black young person respond to hearing critcism of a ‘black’ president . well, if it’s coming from a white mouth, or a black mouth, they don’t respond by realizing that this whole thing was setup to dupe them into using the idea of their ‘blackness’ to undermine them and keep them poor , just as actual racism itself is used to keep poor white people content and poor and distracted by their ‘whiteness’.
there’s truly very little you can do . it’s the same thing with using ‘extreme’ islam as bait to get people into fights about the ‘war on terror’.
this goes on endlessly….until everyone is totally destitute.
Good insight. It’s a very cunning ploy. But you’re wrong about the generational thing. Very few young or old black people are aware of the deception. Just have the point that out. I’ve heard Obama approbation from young and old alike, educated and uneducated, despite any evidence presented to the contrary. Even now. It is quite amazing. That 80 to 90 percent approval rating he still maintains among blacks is trans-generational.