The current global economic recession, triggered by the Frank-Dodd-Bush meddling in the mortgage market has resulted in a growing gap in employment along racial lines.
The subsequent non-stimulating stimulus package hasn’t done much to alleviate the disparities either. In fact, it could be argued that the policies of the current administration have only exacerbated the problem.
In New York, long one of the most Liberal cities in America, while unemployment rose steadily for white New Yorkers from the first quarter of 2008 through the first three months of this year, the number of unemployed blacks in the city rose four times as fast. In NYC, the black unemployment rate has soared FROM just under 8% in 2008 to over 15% today!
In the first quarter of 2008, the rate of joblessness among blacks nationwide was 8.9 percent, compared with 4.8 percent for whites; in the first quarter of 2009, the rate for blacks had risen to 13.6 percent, while the rate for whites had gone to 8.2 percent.
This comes as a result of a range of issues facing black workers, primarily, a disproportionate employment rate in the most vulnerable industries. So, why didn't any of these Liberal programs do anything to protect and preserve those very jobs? And why were those folks so much better off under the previous administration? Is the current White House that uncaring?
The subsequent non-stimulating stimulus package hasn’t done much to alleviate the disparities either. In fact, it could be argued that the policies of the current administration have only exacerbated the problem.
In New York, long one of the most Liberal cities in America, while unemployment rose steadily for white New Yorkers from the first quarter of 2008 through the first three months of this year, the number of unemployed blacks in the city rose four times as fast. In NYC, the black unemployment rate has soared FROM just under 8% in 2008 to over 15% today!
In the first quarter of 2008, the rate of joblessness among blacks nationwide was 8.9 percent, compared with 4.8 percent for whites; in the first quarter of 2009, the rate for blacks had risen to 13.6 percent, while the rate for whites had gone to 8.2 percent.
This comes as a result of a range of issues facing black workers, primarily, a disproportionate employment rate in the most vulnerable industries. So, why didn't any of these Liberal programs do anything to protect and preserve those very jobs? And why were those folks so much better off under the previous administration? Is the current White House that uncaring?
