Obama’s bad news for blacks

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.
Read more at Washington Times Read More......

7 Months After Stimulus 49 of 50 States Have Lost Jobs

HOUSE COMMITTEE ON WAYS & MEANS/REPUBLICANS, 10/21/2009 (via Positively Republican) - America Now Over 6 Million Jobs Shy of Administration's Projections. The committee's table compares the White House's February 2009 projection of the number of jobs that would be created by the 2009 stimulus law (through the end of 2010) with the actual change in state payroll employment through September 2009 (the latest figures available). According to the data, 49 States and the District of Columbia have lost jobs since stimulus was enacted. Only North Dakota has seen net job creation following the February 2009 stimulus. While President Obama claimed the result of his stimulus bill would be the creation of 3.5 million jobs, the Nation has already lost a total of 2.7 million – a difference of 6.2 million jobs. To see how stimulus has failed your state, view table HERE. Read More......