Barack Obama: Bad for Blacks, Bad for Banks, Bad for Business, Bad for America
Numbers don't lie... President Barack Obama, in Charlene's opinion, has been bad for black people in America. Look at the unemployment rates among blacks since 2001 to 2011. Matter of fact, the best years for black workers was during President George W. Bush...
Since Obama took office banks have stopped lending, more and more businesses are closing, more blacks than ever are poorer than they've ever been. Sorry to those who voted for CHANGE. The only change was the man behind the podium. A number of the key positions in Obama Administration are carry overs from Bush years - Federal Chairman, finance and housing officials, and top Military Generals, to name a few. The numbers indicate that for the next couple years, if the trend continues, we can expect less jobs, less bread, less of everything, except more taxes. See the US Dept of Labor unemployment data...
| Blacks/African American Official Umeployment Rate | |||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2001 | 8.4 | 7.9 | 8.5 | 7.4 | 7.7 | 8.6 | 8.8 | 9.3 | 8.6 | 9.1 | 9.5 | 9.4 | 8.6 |
| 2002 | 10.3 | 10.2 | 10.8 | 10.1 | 9.9 | 10.8 | 10.7 | 10.0 | 9.3 | 9.4 | 10.5 | 10.7 | 10.2 |
| 2003 | 10.9 | 11.1 | 10.6 | 10.3 | 10.5 | 12.0 | 12.0 | 11.0 | 10.6 | 10.9 | 10.1 | 9.7 | 10.8 |
| 2004 | 10.7 | 10.0 | 10.5 | 9.3 | 9.6 | 10.7 | 12.0 | 10.5 | 9.9 | 10.4 | 10.6 | 10.4 | 10.4 |
| 2005 | 11.0 | 11.2 | 10.5 | 9.7 | 9.7 | 10.8 | 10.2 | 9.7 | 9.0 | 8.8 | 10.5 | 8.9 | 10.0 |
| 2006 | 9.1 | 9.6 | 9.4 | 8.8 | 8.4 | 9.4 | 10.5 | 8.8 | 8.8 | 8.1 | 8.4 | 7.9 | 8.9 |
| 2007 | 8.2 | 8.2 | 8.3 | 7.8 | 8.1 | 9.0 | 8.9 | 7.7 | 7.9 | 8.2 | 8.3 | 8.6 | 8.3 |
| 2008 | 9.4 | 8.4 | 9.0 | 8.2 | 9.4 | 9.8 | 10.9 | 10.7 | 11.2 | 11.0 | 11.2 | 11.7 | 10.1 |
| 2009 | 13.4 | 13.8 | 13.5 | 14.4 | 14.7 | 15.3 | 15.9 | 15.0 | 15.3 | 15.3 | 15.2 | 15.6 | 14.8 |
| 2010 | 17.3 | 16.2 | 16.6 | 15.9 | 15.3 | 15.6 | 16.6 | 16.3 | 15.9 | 15.2 | 15.4 | 15.2 | 16.0 |
| 2011 | 16.5 | 15.6 | 15.5 | 15.8 | 16.0 | 16.5 | 16.8 | 17.0 | 15.9 | 14.3 | 14.9 | 15.2 | 15.8 |
Source --- http://www.bls.gov/home.htm
| White Americans Official Umeployment Rate | |||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2001 | 4.1 | 4.1 | 4.0 | 3.7 | 3.6 | 4.1 | 4.1 | 4.2 | 4.1 | 4.3 | 4.7 | 4.8 | 4.2 |
| 2002 | 5.8 | 5.5 | 5.4 | 5.1 | 4.8 | 5.3 | 5.2 | 5.0 | 4.8 | 4.7 | 4.9 | 4.9 | 5.1 |
| 2003 | 5.8 | 5.6 | 5.5 | 5.1 | 5.1 | 5.6 | 5.5 | 5.3 | 5.0 | 4.7 | 4.9 | 4.8 | 5.2 |
| 2004 | 5.6 | 5.4 | 5.4 | 4.8 | 4.7 | 5.1 | 4.8 | 4.7 | 4.4 | 4.3 | 4.4 | 4.4 | 4.8 |
| 2005 | 5.0 | 5.0 | 4.7 | 4.3 | 4.2 | 4.4 | 4.4 | 4.2 | 4.2 | 4.1 | 4.0 | 4.0 | 4.4 |
| 2006 | 4.6 | 4.5 | 4.2 | 3.9 | 3.9 | 4.2 | 4.2 | 4.1 | 3.8 | 3.6 | 3.7 | 3.8 | 4.0 |
| 2007 | 4.6 | 4.4 | 4.0 | 3.8 | 3.7 | 4.2 | 4.3 | 4.2 | 4.1 | 3.8 | 3.9 | 4.3 | 4.1 |
| 2008 | 4.9 | 4.8 | 4.7 | 4.2 | 4.6 | 5.1 | 5.4 | 5.4 | 5.2 | 5.5 | 5.8 | 6.5 | 5.2 |
| 2009 | 7.8 | 8.2 | 8.5 | 7.8 | 8.3 | 8.8 | 8.8 | 8.8 | 8.6 | 8.7 | 8.6 | 8.8 | 8.5 |
| 2010 | 9.6 | 9.7 | 9.3 | 8.6 | 8.5 | 8.7 | 8.7 | 8.6 | 8.3 | 8.1 | 8.4 | 8.3 | 8.7 |
| 2011 | 8.8 | 8.7 | 8.3 | 7.7 | 7.7 | 8.2 | 8.2 | 7.9 | 7.6 | 7.6 | 7.2 | 7.2 | 7.9 |
The only race to benefit most since Obama took office in 2009 are Asians. The unemployment rate among Asian has been the most palatable of any race, not even White Americans experience any relief from high unemployment in the country.
| Asians in American Official Umeployment Rate | |||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2001 | 3.8 | 3.3 | 3.2 | 3.3 | 3.6 | 4.7 | 4.5 | 5.7 | 5.5 | 5.3 | 5.4 | 5.2 | 4.5 |
| 2002 | 5.6 | 5.6 | 5.6 | 5.9 | 5.9 | 6.9 | 6.2 | 6.5 | 5.4 | 5.6 | 5.6 | 5.9 | 5.9 |
| 2003 | 5.6 | 6.0 | 6.5 | 5.8 | 5.1 | 7.8 | 6.2 | 5.9 | 6.2 | 6.1 | 5.2 | 5.3 | 6.0 |
| 2004 | 5.2 | 4.7 | 4.2 | 4.4 | 4.2 | 5.0 | 4.3 | 3.6 | 4.3 | 4.8 | 4.2 | 4.1 | 4.4 |
| 2005 | 4.2 | 4.5 | 3.9 | 3.9 | 3.9 | 4.0 | 5.2 | 3.6 | 4.1 | 3.1 | 3.6 | 3.8 | 4.0 |
| 2006 | 3.2 | 3.2 | 3.4 | 3.6 | 3.0 | 3.5 | 2.7 | 2.9 | 2.8 | 2.7 | 3.2 | 2.4 | 3.0 |
| 2007 | 3.2 | 2.7 | 3.0 | 3.3 | 2.9 | 3.1 | 3.0 | 3.4 | 3.2 | 3.7 | 3.6 | 3.7 | 3.2 |
| 2008 | 3.2 | 3.0 | 3.6 | 3.2 | 3.8 | 4.5 | 4.0 | 4.4 | 3.8 | 3.8 | 4.8 | 5.1 | 4.0 |
| 2009 | 6.2 | 6.9 | 6.4 | 6.6 | 6.7 | 8.2 | 8.3 | 7.5 | 7.4 | 7.5 | 7.3 | 8.4 | 7.3 |
| 2010 | 8.4 | 8.4 | 7.5 | 6.8 | 7.5 | 7.7 | 8.2 | 7.2 | 6.4 | 7.1 | 7.6 | 7.2 | 7.5 |
| 2011 | 6.9 | 6.8 | 7.1 | 6.4 | 7.0 | 6.8 | 7.7 | 7.1 | 7.8 | 7.3 | 6.5 | 6.8 | 7.0 |
The business sector has been overtaken by Asian investors and entrepreneurers by nearly 3 to 1 under Obama.
"Asian-owned businesses continued to be one of the strongest segments of our nation's economy, bringing in more than half a trillion dollars in sales in 2007 and employing more than 2.8 million people,” said Census Bureau Deputy Director Thomas Mesenbourg.
These new data come from the Survey of Business Owners: Asian-Owned Businesses: 2007. The survey provides detailed information every five years for Asian-owned businesses, including the number of firms, sales and receipts, number of paid employees and annual payroll.
The survey also presents data by geographic area (nation, state, county, city and metro area), industry and size of business. The data cover businesses owned by seven Asian groups — people of Asian Indian, Chinese, Filipino, Japanese, Korean, Vietnamese and other Asian origin. Preliminary national and state data were released in July 2010." Source --- http://www.census.gov/econ/census12/
Comments
On the Jon Stewart Show, Elizabeth Warren pointed out that 30 large corporations spend more money on lobbyists than on taxes, according to a recent report. It is their greed and lust for money and power that is at the heart of our country’s problems, and Obama is slowly turning that around. If the GOP gets back into power, their greed will destroy the country.
President Obama announced during his SOTU that our friend Eric Schneiderman, New York's progressive Attorney General, will lead a new Special Unit to prosecute Wall Street illegality.
"Wall Street bankers should be fully investigated for their role in wrecking our economy. And Wall Street bankers who broke the law must go to jail."
I'd suggest you watch the President's SOTU address and open your eyes to all that he has accomplished. Rome wasn't built in a day.
http://www.whitehouse.gov/state-of-the-union-2012?utm_source=email145&utm_medium=text&utm_campaign=sotu
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