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The Obama Economy: Blacks, Hispanics Hardest Hit

It's not about recovery. It's about transformation.

by
Tom Blumer

Bio

March 15, 2012 - 12:13 am
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Imagine this: A group of raging white racists has gathered to assess how the economy’s performance during the 32 months since the recession officially ended is from all appearances in sync with their desire to keep blacks and Hispanics “in their place.”

For the record, meetings such as these are extremely rare, and when they do occur, they almost never include anyone with genuine power or influence. Now that membership in the Ku Klux Klan, which had been the unofficial terrorist arm of the Democratic Party for decades, is down to 5,000 or so nationwide, the Southern Poverty Law Center is running out of things to do. Desperately seeking relevance, the SPLC has chosen to squander whatever credibility it may have ever had by absurdly characterizing nonviolent, neighbor-loving outfits like the Family Research Council and other organizations which happen to believe that legalizing same-sex “marriage” may not be the wisest idea and act on that belief as “hate groups.”

As I noted in my previous column on another topic, leftist elites characterize any opposing opinions as “hate speech.” If they had their way, they would throw opponents in jail without hesitation. Recent examples confirming this harsh assessment: Gloria Allred, who wants to prosecute talk radio’s Rush Limbaugh for exercising his free-speech rights; Jane Fonda and Gloria Steinem, who are demanding that Limbaugh be banned by the Federal Communications Commission; and El Paso Mayor John Cook (a Democrat; what a shock — not), who has “launched a grand jury investigation of every citizen involved” in a petition drive to recall him.

Anyway, at this mythical meeting, participants discussed the following graph produced by the federal government’s Department of Labor. It came from a report covering January 2007 to January 2012, and was amazingly said to contain “encouraging news” for African-American workers (smaller-font timeline elements and February 2012 unemployment rates were added by yours truly):

AAhispWhiteUnempJan07toFeb12

The meeting’s attendees were quite surprised and pleased to note that only four months after the recession’s end in June 2009, the seasonally adjusted unemployment rate for whites peaked at 9.3%. Over time, it has gradually declined to its current 7.3%. Meanwhile, Hispanic unemployment continued rising for another 13 months, topping out at 13.1% in November 2010. After falling to a still-high 10.5% in January 2012, it ticked up to 10.7% in February.

How about the situation for African-Americans?

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