September 29, 2012

BARACK OBAMA’S PROBLEM WITH BLACK VOTERS: “The economic downturn has hit black Americans particularly hard. A Pew Research Centre study found that in 2009 the median wealth of a white household was 20 times higher than that of a black one: the largest gap since the federal government began tracking wealth data by race in 1984. The median wealth of black households had fallen by 53% over the preceding four years, compared with just 16% for white households. In August 2012 the unemployment rate for blacks was 14.1%. That was down from a high of 16.7% in August 2011, but it still far exceeded the national average of 8.1%. . . . Both the current and a former head of the CBC have mused that stubborn unemployment, combined with Mr Obama’s perceived aloofness to the high rates of black unemployment, may cause some black voters to stay at home on November 6th.”

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