Presidents Reagan and Obama dealt with severe recessions:
[Excerpts] Under Reagan, adult black unemployment fell by 20 percent, but under Mr. Obama, it has increased by 42 percent. ✧ Black teenage unemployment fell by 16 percent under Reagan, but has risen by 56 percent under Mr. Obama. ✧ The increase in unemployment rates has been far worse for blacks under Mr. Obama than for whites and Hispanics. ✧ Inflation-adjusted real incomes are slightly higher for Hispanics and whites than they were in 2008, but are lower for blacks. ✧ The labor force participation rate has fallen for all groups, but remains far lower for blacks than for whites and Hispanics.
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Thursday, August 1, 2013
Obama’s bad news for blacks
Labels:
comparison,
Obama,
recession,
Ronald Reagan,
unemployment
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