Obama’s black-butt-kicking economy

Black Liberals seem to never tire of getting their asses kicked by Obama’s economy.

I know that EBT cards and a little “chump change” goes a long way in the hood, but not when you want to pimp that ride.

According to a Pew Research Center study, the economic recovery has not been equal among the races. I know…SURPRISE!

The study found that the wealth gap between white households and minorities has widened in recent years, as the wealth of white households was 13 times greater than that of black households in 2013. That’s up from eight times the wealth in 2010.

 

Pew researchers — analyzing data from the Federal Reserve’s Survey of Consumer Finances— found that the gap between whites and blacks has reached its highest point since 1989.

I’m not sure who Obama can blame this on. It’s difficult to blame Bush or any other white president, given that these presidents made no promises to blacks, real or implied. Promises to blacks is what Obama was good at. And he is equally as good at letting them down.

Net worth is a measure of the difference between the household’s assets and their liabilities, and black people aren’t worth a wooden nickel. The majority don’t have $100 spare dollars.

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According to the survey, the typical household had a net worth of $81,400 in 2013, or just under what the average IRS worker’s pay is. How convenient!

And though they say the recession was universally hard on American families from 2007 to 2010, the median net worth of American families fell 39 percent. Recession was? How about recession IS!

And what’s interesting is people continue to suffer, and black people continue to suffer the most.

 

 

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