How Obama Has Failed the Black Community

[Geee]

American Thinker:

 

Recall the euphoria that engulfed the African-American community back in 2008, when Barack Obama became the 44th president of the United States. Blacks came out for him in droves and voted for him at an astounding 96% level. Times, they were a-changin', so to speak. It was the dawning of a new era, as a large dose of hope and change was on its way to the county as a whole, and specifically to the African-American community. Now, almost four years later, it's clear that Obama has done nothing to improve the way of life among blacks as a whole. In fact, statistics show that life has actually regressed for African-Americans under Obama.

As of June, the African-American unemployment rate is a staggering 14.4%, with Latinos and Hispanics having an unemployment rate of about 11.0%, while the unemployment rate for whites is 7.4%. Compare these rates to December 2008, the final month before Barack Obama stepped into the Oval Office. Whites were unemployed at the rate of 6.6% and Hispanics were at a rate of 9.2%, while blacks had an 11.9% rate of unemployment.

Blacks have taken it in the chin to a greater degree than other demographic groups in the labor market during Obama's economic disaster. Essentially, one out of every seven African-Americans is unemployed. Still, there is worse economic news for the African-American community while under the president for whom they cast 96% of their ballots in November 2008.

According to a report released earlier this year by the Bipartisan Policy Center, in 2010, African-American homeownership rates dropped to pre-1990 levels. Blacks owned homes at a rate of 44.3% in 2010, less than two-thirds the rate at which whites owned homes. That same rate inched higher to 45.1% in 2011, but whites owned homes at the far greater rate of 73.7%, according to a report from the liberal Center for American Progress.

That same report, released in April, shows more dismal economic conditions in the African-American community. It found that from 2009 through 2011, black minimum wage workers swelled 16.6%, while whites had only 5.2% more minimum wage workers. Not only, then, has there been a disproportionate increase in the number of African-Americans who are in the unemployment line, but there is also a greater number of blacks working for minimum wage. This surely wasn't the change African-Americans were looking for in Obama.

The same report found that foreclosure rates in 2011 for African-Americans was 9.8% versus 5.0% for whites, or almost double.

[Pepper]

Chad Stafko delivers the punch line in the last paragraph, @Geee.

[Geee]

I posted this because it was an article for discussion, but saying that he has failed the black community is as racist and divisive as black this and black that etc etc. He has failed ALL of us!