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Walter Williams talks about the race issue and discusses the real causes of poverty and inequality in the black communities.
Open Thread
2 hours ago
Wednesday, August 28, 2013
Friday, August 23, 2013
Obama’s fake recovery, standard of living for everyone is tanking
No economic upturn, and minorities, those hit hardest by the Obama “recovery” still consider him a deity. Poverty is being redistributed upward AND downward. Ignorance is bliss, but exceedingly destructive to our nation.
Excerpt: Household incomes are still down 4.4% since the recession ended four years ago. Meanwhile, the unemployment picture may be even worse than we think. The Obama “recovery” continues to impress.
According to a report released this week by Sentier Research, the inflation-adjusted median household income remains $2,380 below where it stood when the Obama “recovery” officially started in June 2009 — a drop of 4.4%.
Sentier’s monthly data, derived from the Census Bureau’s Current Population Survey, show that incomes fell more in the year after the recovery started than it did during the recession itself. And household incomes have basically flat-lined ever since.
“As the unemployment rate and the duration of unemployment remained high,” the authors note, “median annual household income continued its decline.”
The picture gets even grimmer the deeper you dive into the data. The most vulnerable groups — blacks, Hispanics, female-headed families and the young — have fared far worse under Obama than everyone else.
Read full article “IF THIS IS RECOVERY, GOD SAVE US FROM A SLOWDOWN” here.
Wednesday, August 14, 2013
Monday, August 12, 2013
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