black people and money

Black Wealth Has Fallen Further Under Barack Obama Than Under Any President Since the Depression

Black Wealth Has Fallen Further Under Barack Obama Than Under Any President Since the Depression

The deep political love that many African Americans have had for President Barack Obama has toned down to a lukewarm appreciation.  Those who defended him in even the worst of circumstances have become silent, only to say that perhaps none of what happened in Washington was under his power.  The most difficult part of this argument is that the same individuals who won’t hold President Obama accountable for anything that happens under his watch are very quick to say that former president George W. Bush was entirely responsible for much of what happened during his administration.

This article by Yvette Carnell at BreakingBrown.com lays out some clear data to show that African Americans have not fared well under President Obama.   So, what we have to realize is that if we aren’t going to hold Obama accountable, this means that we can’t hold the next president accountable either.

Read on:

President Obama is still popular in the African-American community even though African-Americans have lost more wealth under Obama than under any president since the Great Depression. Although Obama can’t be blamed for all of America’s ills, Financial Times writer Edward Luce still wonders how blacks reconcile their plight with their overwhelming approval of the president.

President Obama didn’t create the financial crisis or racial marginalization of black people in this country, but it is true that these issues haven’t improved under his watch. In fact, many key indicators show that the plight of African-Americans has gotten worse under Obama.

From FT:

READ MORE via Black Wealth Has Fallen Further Under Barack Obama Than Under Any President Since the Depression | breakingbrown.com.

 

 

 

black people and money

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