Obama Economy Has Been Tough on Black Americans: Reversed Gains Made Since Great Depression

Remember black American Peggy Joseph's modest expectations of Barack Obama?



Well, here's some bad news for Peggy Joseph and other black Americans. Economic gains for black Americans made since the great depression have been reversed under Barack's leadership. In other words, Barack has not been good for black America.

Since the end of the recession, the overall unemployment rate has fallen from 9.4 to 9.1 percent, while the black unemployment rate has risen from 14.7 to 16.2 percent, according to the Department of Labor.

"I would say the recession is not over for black folks," Austin says. He believes more black people than ever before could fall out of the middle class, because the unemployment rate for college-educated blacks recently peaked and blacks are overrepresented in state and local government jobs that are being eliminated due to massive budget shortfalls.

So since Barack's America is about labels, I guess there were no shovel-ready jobs for blacks either after spending nearly a trillion on stimulus.