Buried in a New York Times story about the economy was this arresting statistic: Median family income for black Americans has declined a whopping 10.9 percent during the Obama administration. It has declined for other groups as well -- 3.6 percent for non-Hispanic whites and 4.5 percent for Hispanics - but the figure for blacks is huge. This decline does not include losses suffered during the financial crisis and the recession that followed, but it instead measures declines since June 2009, when the recession officially ended.
That's not the only bad news for African-Americans. The poverty rate for blacks is now 25.8 percent. The black labor force participation rate, which rose throughout the 1980s and 1990s, has declined for the past decade and quite sharply under Obama to 61.4 percent. The black unemployment rate, according to Pew Research, stands at 13.4 percent. Among black, male, high school dropouts, PBS' Paul Salmon reports, the unemployment rate is a staggering 95 percent.
Friday, August 23, 2013
Yet they continue to vote for him at a ratio of 92%-8%, unbelievable.
Posted by traderrob at 6:38 AM