It is puzzling that so many minorities voted for Barack Obama over Mitt Romney considering how disproportionately they have suffered economically during Obama’s presidency. Black unemployment under Obama increased at a higher pace than whites, from 12.7% to 14.1%, ending at almost twice the unemployment rate of whites. Now, one out of every seven blacks is unemployed. White unemployment barely increased under Obama, from 7.1% to 7.4%.
Blacks’ median income has fallen 11.1% under Obama, more than twice as much as whites. The disparity in wealth between whites and blacks nearly doubled during Obama’s tenure. According to CNN, the median net worth of the average white person is now 22 times as much as the the average black person’s wealth, $110,729 to $4,995. The disparity between white and Hispanic wealth increased to a 15 to 1 ratio.
Despite these facts, a recent Pew survey found that the number of blacks who thought they were better off now than they were five years earlier almost doubled since 2007. Minorities put Obama over the top in the election. More Latinos voted for Obama in 2012 than in 2008.
They look at the here and now,and don't dare threaten them with facts.If everyone would just concentrate on the generations who follow us and what would best benefit them ALL THINGS would improve.This instant gratification thing will be the death of us all.I've made sacrifices all of my life and I have no problem doing it now.
ReplyDeleteThey know it would have only gotten worse under Romney.
ReplyDeleteyeah, worse because they dont want to get off their arses and work.
ReplyDeleteThe simpe fact is the Black community believed Obama was going to give them more handouts like paying their electric, gas, and free food bills so whats the point in getting a job. Sure, they got theor free cell phone. Big deal. The reality is none of those freebies occured at the rate the Black community believes they are entitled to receive. Now it to late for the Black community to work it's self out of the mess Obama "accidently" (he foolishly believes his redistribution programs are working)created. Problem is, the Black community still believes Obama will rescue them.
ReplyDeleteThe Republican idea that tax cuts for the rich will save us becomes more ridiculous by the day.
ReplyDelete1:52 Go ahead and tax the rich. They are generally producers and will simply pass along those tax increases to the consumer so, you will be paying those taxes after all. This simple fact is somehow always lost on the Liberal mind.
ReplyDeleteGood, these RACISTS deserve what they voted for. Wonder what these deadbeats will do when the government teet, dries up? O, I know, STEAL.
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