Obama’s bad news for blacks (for all those who call you racist)

By Richard W. Rahn
7/26/14

If you knew nothing else about President Obama other than looking at the data, you might conclude that he was insensitive to blacks, given that they have done far worse economically under his administration than Hispanics or whites. What is striking is that the president and his advisers still seem to be clueless about which economic policies work and which don’t work. Despite his (at least for this week) emphasis on the economy, he persists in being the anti-Reagan, with anti-growth policies. In his speech Wednesday in Illinois, the president came up with no new pro-growth proposals, just more of what has not worked.

President Reagan reduced the maximum tax rate on job creators by 60 percent; Mr. Obama increased the maximum tax rate on job creators by 17 percent. Reagan cut non-defense, discretionary, federal government spending by a third as a percentage of gross domestic product; Mr. Obama has increased it. Reagan cut government regulations while Mr. Obama has greatly increased them.

The results are:

• Under Reagan, adult black unemployment fell by 20 percent, but under Mr. Obama, it has increased by 42 percent.
• Black teenage unemployment fell by 16 percent under Reagan, but has risen by 56 percent under Mr. Obama.
• The increase in unemployment rates has been far worse for blacks under Mr. Obama than for whites and Hispanics.
• Inflation-adjusted real incomes are slightly higher for Hispanics and whites than they were in 2008, but are lower for blacks.
• The labor force participation rate has fallen for all groups, but remains far lower for blacks than for whites and Hispanics.

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(Excerpt)

Read more:
http://www.washingtontimes.com/news/2013/jul/26/obamas-bad-news-for-blacks/

Marxist Democrats will deny, deny, and deny again claiming things have never been better when in reality they have not gotten better. The very people that voted for and made Obama president are suffering worse than any other group. With the high influx of illegal aliens from Mexico and other Central Americans countries this has unduly burdened black employment, yet Obama has pushed for the Dream Act to the detriment of the people that helped elect him.

 

some reporter finally printed the truth that everyone with a brain knows...? hope he doesnt get fired..or audited by the irs

 

Yes, it is amazing how ineffective his policies have been (especially for blacks!!), compared to the better policies he could be using. It's almost as though he doesn't really care about people (especially blacks) or else he's hugely incompetent.

 

most Democrats are not Marxists.

just as most Republicans are not Nazis.

 

Well who listens to those 3 Marxist Democrats or the three Republican KKK members?

 

there has been a major recession and a shrinking of western economic market given its own failure and the rise of china as THE number 1 economy and master of its poodle, america. its a fair bet that unemployment of so- called whites has the same depreciation under obama.

 

Is the goal of these three KKK members to cause blacks to struggle than how has blacks done during Obama's administration?

 

while some may deny the obvious, most simply claim that we have not gone far enough yet, that it is the remnants of our capitalist past that are holding us back from some perfect socialistic future. those peons who follow this line of reasoning seem to think that the revolution will somehow better their lot, stripping the privilege of wealth and bestowing it on the "working man". meanwhile, those in authority who advocate for this change seek only the power of representing this dictatorship of the proletariat, never intending to do more than increase their own wealth and status. it has always been thus, the ignorant enabling the corrupt and learning only too late that their dreams have turned to dust.

 

ROTFLMAO....touché... The last self avowed KKK member in the Senate was a Democrat. His name was Byrd.

 

I was speaking of the 3 KKK Republicans that hang out with the 3 Marxist Democrats- they hang out with the rest of the wingnuts.

 

And they are?

 

It's not a matter of not caring; it's just that his policies were dumb, so of course they failed. But I don't think it was indifference to people's suffering that was the reason. He really thought his harebrained schemes would work.

 

`Much worse.....especially when he and "my people Holder" are supporting the the much worse BPP (Black Panther Party)`

 

I would think you would know- since you were addressing them.

 

Gee, I couldn't tell you, I'm blind to color. I have a beautiful grand daughter of an interracial marriage. Yes, my daughter is married to a hard working professional a great guy.

 

I am very happy for your daughter and her family.