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  • speedydekker speedydekker Sep 4, 2013 4:42 PM Flag

    Obama Policies Not Good for His Own People

    For most Americans, the real estate crash is finally behind them and personal wealth is back where it was in the boom. For blacks in the U.S., 18 years of economic progress has vanished, with a rebound in housing slipping further out of reach and the unemployment rate almost twice that of whites. The homeownership rate for blacks fell from 50 percent during the housing bubble to 43 percent in the second quarter, the lowest since 1995. The rate for whites stopped falling two years ago, settling at about 73 percent, only 3 percentage points below the 2004 peak, according to the Census Bureau. (Bloomberg)

    Lesson: give aways do not inspire Black self sufficiency or economic progress

    Sentiment: Sell

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    • I wonder if there is a policy that would help these people. Does one exist?

    • I agree with you to a point. Blacks don't want to work and enjoyed 4 1/2 years unemployment benefits and then 6+mo for training. Some have been out the entire Obama term in office. To them, it was worth a vote his way.
      In addition, they enjoy welfare, food stamps, housing, free HC now, free phones and free tuition.
      Not a bad deal overall. But the obama affect will end and that's when they will feel it, and blame the old white man for taking all that away!
      Smart blacks invested in homes, even in bad areas and collect high rents with sect 8. and are doing well.
      And then you have the group who turn to crime. Obama and Holder have helped them by making criminal background checks illegal and reducing the black population in prisons ( have you heard a peep out of either one of them on blacks killing whites?
      What you are saying will come true in 2-3 years.

 
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