by DEROY MURDOCK March 24, 2016

With President Obama’s gas tank now less than an eighth full, it’s amazing where he has taken black Americans. Mainly, it’s been a long ride in reverse.

Even liberal black broadcaster Tavis Smiley has criticized Obama for this. As Smiley told HuffPost Live’s Alyona Minkovski, “Sadly — and it pains me to say this — over the last decade, black folk, in the era of Obama, have lost ground in every major economic category.” Smiley is almost completely correct.

Based on the Obama administration’s own latest-available statistics by the most basic economic-performance metrics — with one key exception — black Americans are worse off now than when Obama was sworn in on January 20, 2009. The one bright spot is the unemployment rate. For black Americans overall, that number from the Bureau of Labor Statistics has slid from 12.7 percent when Obama was inaugurated to 8.8 percent last month — down 30.7 percent.

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Prominent Democrats share Price’s concerns. As he unveiled the 2015 State of Black America report, Urban League president Marc Morial complained that “Black America remains in a recession and remains in crisis when it comes to jobs and the economy.” He continued: “Black unemployment is twice that of white unemployment. Wages are stagnant. Many people who are working are simply not earning what they need or should earn to make ends meet.” The Urban League’s National Equality Index found black Americans going backwards economically, from 57.4 percent equality with whites in 2009 to 55.8 percent in 2015 — down 2.8 percent.

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In his most recent State of the Union address, Obama said, “Anyone claiming that America’s economy is in decline is peddling fiction.” Americans — black, white, and otherwise — should feel deeply betrayed after seven years on Obama’s nonfiction Road to Nowhere.

Read more at: http://www.nationalreview.com/article/43...president-obama

Quote: Rufus T Firefly wrote in post #2

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With President Obama’s gas tank now less than an eighth full, it’s amazing where he has taken black Americans. Mainly, it’s been a long ride in reverse.

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NOT TRUE . . . . NOT TRUE

The "reverends" Al Sharpton and Jesse Jackson have never done better, thank you very much.

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Sadly it is *who* you know in this administration. The laws have been made for the others.

Quote: Cincinnatus wrote in post #4

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The one bright spot is the unemployment rate. For black Americans overall, that number from the Bureau of Labor Statistics has slid from 12.7 percent when Obama was inaugurated to 8.8 percent last month — down 30.7 percent.

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Maybe. The Obama admin has played with those numbers in order to make his economic policies look successful. A better indicator is the Labor Participation Rate, which is terrible, but that is one of the few things not broken down into racial categories.

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Unemployment numbers are QUITE BOGUS!!! It's very dishonest and inaccurate!



"You first need to understand that the unemployment rate simply references the percentage of people who are unemployed but actively seeking work.

“A person who has ‘given up’ looking for work, for instance, is not considered ‘unemployed’ by the Bureau of Labor Statistics, even if that person is still interested in getting a job,” TheBlaze contributors Justin Haskins and Robert Paquin, both of whom work at The Heartland Institute, explained.

The same applies for individuals who retire early or pursue an education in lieu of employment.

According to an article published in Business Insider in early July, the current labor force participation rate is at the lowest it has been since October 1977.
Furthermore, according to a report recently released by the Foundation for Government Accountability, food stamp consumption has risen by an astronomical 300 percent since 2000 (H/T Downtrend).

Like Haskins and Paquin wrote, “If the economy is enjoying a major recovery, you would think there wouldn’t be so many people still needing government assistance to pay for something as common as milk and eggs.”

The moral of the story is this — when Barack Obama tries to convince you that the economy is booming because the unemployment rate is low, don’t believe him!"

http://www.thefederalistpapers.org/us/ob...heres-the-proof