Black Economic Lives Don’t Matter – Examining the African American Plight Under Obama’s Fake Oligarch Recovery

Black Economic Lives Don’t Matter – Examining the African American Plight Under Obama’s Fake Oligarch Recovery

Michael Krieger | Posted Thursday Feb 25, 2016 at 11:35 am

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.

In Liberty,
Michael Krieger

Leave a Reply