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U.S. recession pains minorities, but hope persists
Reuters ^ | July 31, 2009 | By Andrew Stern

Posted on 07/31/2009 9:14:25 AM PDT by Oldeconomybuyer

CHICAGO (Reuters) - The recession has delivered a disproportionate blow to blacks and Hispanics, yet minorities may be more optimistic about the economy than most Americans and many feel they have earned a place at the corporate table.

Perhaps surprisingly, a survey by banking giant Citigroup Inc found minorities had a more positive view of the economy than the majority of Americans. Of 100 blacks and Hispanics surveyed earning between $25,000 and $50,000 a year, about half believed the economy will improve over the next six months, compared to 38 percent of a larger national sample of workers.

Blacks and Hispanics tend to have a more hopeful sense that hard times will abate, said Eric Eve, the bank's head of community relations.

Barack Obama's election as the nation's first black president has also instilled optimism among minorities, said the Economic Policy Institute's Christian Dorsey.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bhoeconomy; democrats; economy; hopeychangemas; hopeychangey; obamanomics


1 posted on 07/31/2009 9:14:25 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

What about the women, the humanity of it all ...


2 posted on 07/31/2009 9:15:06 AM PDT by Tarpon (You relinquish your responsibilities, you surrender your rights.)
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To: Oldeconomybuyer

World Ends, women and minorities hurt worse.


3 posted on 07/31/2009 9:15:47 AM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: Oldeconomybuyer

World Ends, women and minorities hurt worse.


4 posted on 07/31/2009 9:15:55 AM PDT by GreyFriar (Spearhead - 3rd Armored Division 75-78 & 83-87)
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To: Oldeconomybuyer
Bush's Recession Continues; Women, Minorities Hardest Hit
5 posted on 07/31/2009 9:34:40 AM PDT by pabianice
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To: Oldeconomybuyer

That hope will soon turn to anger and resentment. They think they can kill the Golden Goose and live on hopey changiness. F ‘em.


6 posted on 07/31/2009 9:37:50 AM PDT by mallardx
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To: Oldeconomybuyer; All
Here's your chance to vote:

936,400 votes as of 10:00 am, 7.31.09

Yahoo-AT&T Poll

Q. The president's progress with the battered economy has been both praised and criticized. How well are his efforts measuring up with you?

Extremely well. We are undoubtedly moving in the right direction. 14%
Fairly well. There's still a long way to go. 9%
Not well at all. His plans are hurting more than helping. 76%
Not sure/No opinion. 2%

7 posted on 07/31/2009 10:03:07 AM PDT by SloopJohnB (FEDGOV.SYS corrupted...Revolt, Re-boot, Abort, Washington D.C?)
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To: SloopJohnB

I’ve always wondered why anyone would bother to vote Not sure/No opinion, in a poll.


8 posted on 07/31/2009 11:20:52 AM PDT by tiki (True Christians will not deliberately slander or misrepresent others or their beliefs)
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