The Economic Recovery Hasn't Reached Minority Families

[Dont Taz Me Bro]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

September 9, 2014 From 2010 to 2013, America's economic output went up, the stock market rallied, and the unemployment rate fell. The highest-income families made more money. And yet. For nearly everyone else, the past few years haven't felt much like an economic recovery, a new survey sponsored by the Federal Reserve Board shows.

Minority families, in particular, were worse off in 2013 than they were in 2010. While median incomes of non-Hispanic white families fell by 1 percent, their median net worth rose by 2 percent. Minority families experienced a double whammy—their median income dropped by 9 percent, and their median net worth fell by 17 percent, as the chart below shows.

The Economic Recovery Hasn t Reached Minority Families - NationalJournal.com

 

[LiberalMedia]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

September 9, 2014 From 2010 to 2013, America's economic output went up, the stock market rallied, and the unemployment rate fell. The highest-income families made more money. And yet. For nearly everyone else, the past few years haven't felt much like an economic recovery, a new survey sponsored by the Federal Reserve Board shows.

Minority families, in particular, were worse off in 2013 than they were in 2010. While median incomes of non-Hispanic white families fell by 1 percent, their median net worth rose by 2 percent. Minority families experienced a double whammy—their median income dropped by 9 percent, and their median net worth fell by 17 percent, as the chart below shows.

The Economic Recovery Hasn t Reached Minority Families - NationalJournal.com

I knew it. Jobs are racist.

Non-existent-omniscient-being damn it.

 

[EdwardBaiamonte]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

September 9, 2014 From 2010 to 2013, America's economic output went up, the stock market rallied, and the unemployment rate fell. The highest-income families made more money. And yet. For nearly everyone else, the past few years haven't felt much like an economic recovery, a new survey sponsored by the Federal Reserve Board shows.

Minority families, in particular, were worse off in 2013 than they were in 2010. While median incomes of non-Hispanic white families fell by 1 percent, their median net worth rose by 2 percent. Minority families experienced a double whammy—their median income dropped by 9 percent, and their median net worth fell by 17 percent, as the chart below shows.

The Economic Recovery Hasn t Reached Minority Families - NationalJournal.com

I knew it. Jobs are racist.

Non-existent-omniscient-being damn it.

dear, please comment on OP or admit as a liberal you lack the IQ to be here

 

[EdwardBaiamonte]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

September 9, 2014 From 2010 to 2013, America's economic output went up, the stock market rallied, and the unemployment rate fell. The highest-income families made more money. And yet. For nearly everyone else, the past few years haven't felt much like an economic recovery, a new survey sponsored by the Federal Reserve Board shows.

Minority families, in particular, were worse off in 2013 than they were in 2010. While median incomes of non-Hispanic white families fell by 1 percent, their median net worth rose by 2 percent. Minority families experienced a double whammy—their median income dropped by 9 percent, and their median net worth fell by 17 percent, as the chart below shows.

The Economic Recovery Hasn t Reached Minority Families - NationalJournal.com

some reasons:
1) many liberal minorities think its white to do good in school
2) or work hard at low paying jobs
3) many are crippled by liberal welfare programs
4) liberals invited 15 million illegals in to take their jobs
5) liberals insist on minimum wage that decreases jobs
6) liberal unions and taxes drove 30 million jobs off shore
7) liberals have destroyed the public schools

 

[Freemason9]

The only thing that will lift folks from poverty is good-paying, secure jobs. The U.S. does NOT have an effective jobs program, and our economy policy does not include overt job creation because that would be "socialist."

Welfare perpetuates poverty, whereas work encourages improvement and social contribution; ergo, the central economic policy of the United States should be job creation. Curiously, it isn't--probably due to the inability of this form of government to take any meaningful action on pressing issues whatsoever.

 

[Pennywise]

Go to urban areas and see the businesses once run by whites or jews, now run by Asians or Middle Easterners while blacks remain at the bottom rung. It's almost comical were it not for their propensity for violence and crime.

 

[SAYIT]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

September 9, 2014 From 2010 to 2013, America's economic output went up, the stock market rallied, and the unemployment rate fell. The highest-income families made more money. And yet. For nearly everyone else, the past few years haven't felt much like an economic recovery, a new survey sponsored by the Federal Reserve Board shows.

Minority families, in particular, were worse off in 2013 than they were in 2010. While median incomes of non-Hispanic white families fell by 1 percent, their median net worth rose by 2 percent. Minority families experienced a double whammy—their median income dropped by 9 percent, and their median net worth fell by 17 percent, as the chart below shows.

The Economic Recovery Hasn t Reached Minority Families - NationalJournal.com

It should be noted that the recovery has not reached much of our middle class - regardless of race - either.

 

[Moonglow]

I'm doing better than during the Reagan recessions, Bush sr's Black Monday, or W's Great Recession...

 

[Pennywise]

I'm doing better than during the Reagan recessions, Bush sr's Black Monday, or W's Great Recession...

I thought you were on permanent disability.

 

[EconChick]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

September 9, 2014 From 2010 to 2013, America's economic output went up, the stock market rallied, and the unemployment rate fell. The highest-income families made more money. And yet. For nearly everyone else, the past few years haven't felt much like an economic recovery, a new survey sponsored by the Federal Reserve Board shows.

Minority families, in particular, were worse off in 2013 than they were in 2010. While median incomes of non-Hispanic white families fell by 1 percent, their median net worth rose by 2 percent. Minority families experienced a double whammy—their median income dropped by 9 percent, and their median net worth fell by 17 percent, as the chart below shows.

The Economic Recovery Hasn t Reached Minority Families - NationalJournal.com

I knew it. Jobs are racist.

Non-existent-omniscient-being damn it.

dear, please comment on OP or admit as a liberal you lack the IQ to be here

LOL, that was funny.

And they're stuck in denial, EB, I won't hold my breath.

 

[Uncensored2008]

Fair enough, it hasn't reached the majority of families either....

 

[Moonglow]

I'm doing better than during the Reagan recessions, Bush sr's Black Monday, or W's Great Recession...

I thought you were on permanent disability.

See what I mean. Back then my income was interrupted...

 

[EconChick]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

September 9, 2014 From 2010 to 2013, America's economic output went up, the stock market rallied, and the unemployment rate fell. The highest-income families made more money. And yet. For nearly everyone else, the past few years haven't felt much like an economic recovery, a new survey sponsored by the Federal Reserve Board shows.

Minority families, in particular, were worse off in 2013 than they were in 2010. While median incomes of non-Hispanic white families fell by 1 percent, their median net worth rose by 2 percent. Minority families experienced a double whammy—their median income dropped by 9 percent, and their median net worth fell by 17 percent, as the chart below shows.

The Economic Recovery Hasn t Reached Minority Families - NationalJournal.com

It should be noted that the recovery has not reached much of our middle class - regardless of race - either.

Yep. Minorities not helped and middle class not helped by Obama either. That Keynesian stuff doesn't work.

 

[Moonglow]

What happened to people creating their own opportunities?

 

[SAYIT]

What happened to people creating their won opportunities?

I'll tell you what is happening in my large, aging, eastern city. The city is so badly hamstrung by the pension bomb, the needs of a large, poor population and the crumbling infrastructure (not to mention the sticky fingers of union-backed elected officials) that the costs of creating something has become onerous and unrecoverable. The effects of this are now spreading to even the wealthy suburbs which, despite their sense of insulation, are inexorably attached to the economic fate of the city.

 

[Moonglow]

Damn those police unions...

 

[SAYIT]

Damn those police unions...

... teacher unions ... city worker unions ... health care worker unions ... public transportation unions ... union unions ...

 

[ClosedCaption]

Odd that the poor and minorities have been continuously worse off under this administration despite all the rhetoric from the Democratic Party about how much they care for and want to help these people. White liberals have gotten richer, though, so I guess it's all good.

I know remember before when minorities were doing so good? Remember?

Then Obama came in and everything tanked when Obama burst the housing bubble in 2007

 

[Moonglow]

Damn those police unions...

... teacher unions ... city worker unions ... health care worker unions ... public transportation unions ... union unions ...

If you can't have unions, how do you expect to join tubes together?

 

[DGS49]

Statistical mumbo-jumbo...

The Poor (mainly, people with no salable skills) are "creating households" at a more rapid rate than the upper classes - who typically defer marriage and financial emancipation until they have reached a level of economic viability, income wise.

When a poor young girl pops out a baby and goes on welfare, she is creating a "household" for statistical purposes.

Thus, it not surprising that as a general proposition it will APPEAR that "poor families are worse off" over time, when in fact it is not a matter of any actual families being worse off, but rather NEW families are being created on the brink of economic ruin, creating the illusion of large numbers of families having less income than before.

It is exactly the same logical fallacy that is used to compare the various economic "quintiles" over periods many years, while ignoring the fact that the PEOPLE in the "bottom fifth" in year 10 are not the same people who were in the bottom fifth in year one; and the same goes for the top quintile. Economic mobility is ignored in the campaign to make it appear that the Poor are worser and worser off over time. When the fact is, when government bennies are added in, their lot is gradually improving.