Skip to comments.Blacks' economic gains wiped out in downturn
Posted on 07/10/2011 1:09:46 PM PDT by tobyhill
Growing up black in the segregated 1960s, Deborah Goldring slept two to a bed, got evicted from apartment after apartment, and watched her stepfather climb utility poles to turn their disconnected lights back on. Yet Goldring pulled herself out of poverty and earned a middle-class life until the Great Recession.
First, Goldring's husband fell ill, and they drained savings to pay for nursing homes before he died. Then Goldring lost her executive assistant job in the Baltimore hospital where she had worked for 17 years. The cruelest blow was a letter from the bank, intending to foreclose on her home of almost three decades.
Millions of Americans endured similar financial calamities in the recession. But for Goldring and many others in the black community, where unemployment is still rising, job loss has knocked them out of the middle class and back into poverty. Some even see a historic reversal of hard-won economic gains that took black people decades to achieve.
Goldring remembers her mother taping the blinds to the wall so no one could see them stealing electricity. She remembers each time she sat on the curb with her three brothers, surrounded by her family's belongings, waiting for a new place to live. Sitting on those curbs, she promised to always pay her bills on time.
(Excerpt) Read more at msnbc.msn.com ...
Somehow, I am sure Bush will be blamed......
hunh. but i thought obama came to save them...
The silly girl is probably still voting for the democrats..
The democrats blow in a blacks ear and they will follow then anywhere..
Promise them ANYTHING for their vote and they will forget whatever you say in about a month..
Stays does not have an ‘ in it.
What is so funny about this is that for decades Blacks have been told that the Conservative Boogieman wanted to keep them down, take away eveything and in economic plight, but those same quote unquote Black Leaders, who convince the masses of Blacks that voting for Obama and his former rubber stamp Congress was a civil rights duty have now fallen silent as he has done more damage than the Klan or any other racist could have dreamed of! I have to say I wise enough to see the writing on the wall back then.
that’s a 95% certainty.
I still maintain that deep down Obama hates REAL American black people...
black solidarity is a myth. it’s really pitiful how they race-pimp one another.
LOL.. right.. they forget or don’t even know about Gov. Faubus and Bull Conner..
I maintain that it's mutual. Who likes to be traded on?
Christ, NOT more of this Crap again!
How can you own a home for almost three decades and not be close to paying it off?
When I was a kid I slept with my younger sister. So what? We liked it. Plus, when the nieces and nephews came over, we slept with them, too. We had beds but for some reason they liked sleeping with us. Sometimes, we had so many people sleeping over, we slept on quilts on the floor. What an adventure! I still sleep on the floor if my back is hurting. Never killed anyone that I know of. It was a different era way back then.
“I still maintain that deep down Obama hates REAL American black people...
Wouldn’t it be the ironiy of ironies if we could look inside his twisted head get a list of everything he hates?
We already know he hates whites.
We already know he hates America and Americans.
We already know he hates private industry.
It wouldn’t surprise me to learn that he hates blacks, not being as racially pure as they are.
What he likes?
He likes the adoration of throngs of people too dumb to realize that he has literally no power to grant them what they think he can or might. He likes getting over on them, deceiving them.
He likes the idea of himself running things. He likes the idea of pushing other people around, mob style, the bigger the industry, the better.
He likes playing hoops and golf, hot dogs, soul music, ice cream, palling around with celebs, and screwing off.
How the hell did we end up here?
Blacks overwhelmingly support the politicians that have authored the financial destruction of the American economy: Dodd, Frank, Clinton, Fannie Mae executives like Johnson and Raines, ACORN and so on.
The policies that destroyed the US housing market were an attempt to give a special preference to minorities who were not creditworthy enough to purchase their own home and carry a mortgage.
When the long period of housing price rises came to an end, the whole edifice collapsed, revealing the destruction of trillions of dollars of our national wealth.
What if blacks constituted a majority of the population, and the politicians they voted in at 80-90% had a hammerlock on power?
The United States would be an economic wasteland with corrupt socialist or communist politicians ruling over a dungheap and their supporters living off the breadcrumbs the politicians manage to throw their way.
They put the democrats in charge (the party of slave owners and the KKK)....what did they expect?
So she grew up poor in the 60s and slept two to a bed. My wife grew up poor in the 50s/60s, lived in the country in houses that had no running water, one light bulb and slept with her twin sister. She didn’t live in a house with an indoor toilet until she was 15. She doesn’t blame anyone for having to live that way and it certainly made her a better person who is able to work hard and do the right things to maintain a standard of living. The poor blacks in the nearest big city lived better than her family did.
Everybody is adversely affected by the nazi socialist democrat party so if you voted democrat you have nobody to blame but yourself. Nobody cares about your sniveling, whining excuses for why you don’t succeed and you certainly don’t deserve a comfortable life at the taxpayer’s expense just because of your skin color.
Quit voting for the democrat party of slavery if you want things to get better.
No doubt there are FReepers who could tell you from their own experience.
I would add that if we were ever able to somehow move black support for the Democrat party from the 80-90% level down to even 60% support for the Democrat party, that would make ALL the difference in the world for the future of the country.
It would be the difference between a future of a prosperous and free country versus a country in permanent economic depression and decline.
My dad shared a bed with his older brother and was reared in a house his uncle built for something like $6000. In retrospect, it was a dinky house (although not compared to my family’s expensive but crummy manufactured home), but I don’t think my grandparents paid a >30 year mortgage on theirs, ever. It’s very likely that blacks have fared worse in general than the rest of the population given the current unemployment rates among blacks at a time when Jim Crow laws have long been replaced with legal protections if not preferences and rising minimum wages. Divorce is bad news in part because it’s a worse than zero sum game wealthwise.
no need for the apostrophe.
Obama has hurt us all, why should we single out blacks?
My savings is earning 1.2%, My health Insurance has gone up, gasoline costs me a fortune, it cost me over $2,000 dollars to heat my house last winter,My food bill has gone out of sight and hot dogs are becoming more familiar at my table . A steak that I cut in half and my wife and I share is 11.99 a lb at Sams club, and it aint Wagyu beef either , It's New York Strip. We try to get one a week now. I used to go fishing, but at $30.00 for a can of gasoline for the boat I realize I cannot catch $30,00 dollars worth of fish and haven't put the boat in the creek this year.
Have the blacks been hurt worse than whites by Obama?
Well: They have a higher unemployment rate I give them that, But if Obama stopped Mexicans from taking all of the jobs that might help .
The end result is that we are all hurting, Thanks Mr. Obama. Blacks who are hurting will vote for you again, but I doubt the whites who voted for you last time will be knocking anyone down to get to the front of the line at the polls.
“Davis says he learned skills in prison: “How to cook, clean, horticulture, janitorial. I can do it. I’ve been trained. Tile, carpentry, mortar, edging and trimming, all that. I can operate a backhoe, a roller. Any opportunity to do something that would show my talents, I’d do it. It would be my ticket out the streets.”
You can actually learn more useful skills in prison than in school. That says more about our public schools than anything else.
I didn’t read the article, but everyone I know has had their economic gains wiped out. Asians, Latinos, whites, blacks, Europeans. It’s not exclusive to one race.
Oh yeah, communist hope and change.
Greed or not, that sounds like lack of foresight.
That would be my question. We have been in our house 14 yrs this month. One more year and it is paid for. Of course we never have borrowed a dime on it and it is still worth about $50k more than we paid for it.
Could it be (Satan)? Old Saturday Night live skit.
The obvious solution is more socialism.
“Its not exclusive to one race.”
You’re right, but the irony in it for blacks...
Those quilts on the floor were called pallets....and I have slept on many of them.
You refinance it over-and-over again to cash out.
Cry me a river.
There are White folks that started out poor too. There are White folks that have lost their jobs and everything else... THANKS to the Blacks helping to put that bastard, Obama, in office.
Better yet, go cry to your Magic Negro.
My mom grew up in the 30s/40s and was dirt poor; my dad was even worse off than that. Funny thing is they’ve delighted us with stories of their childhood our whole life. Making us laugh and cry at the same time. Some people never appreciate what important in life and you can’t convince them.
Well, they'll still vote for him.
You get what you vote for, fellas.
Yep. I have a pinched sciatic nerve and when it is giving me fits, I just put a sheet on the carpet and go to sleep. My friends and relatives think I am nuts but it really helps more than anything else I have tried over the years. Sometimes if I am in a hotel, I will do the same. Nothing wrong with it if it helps me get rid of pain.
We are lost. The nation is a collection of people with a sense of entitlement that rivals Rome.
One black said Obama is not doing enough about taxing the rich and closing loopholes.
I couldn't even stand there and have a cogent conversation with them. They believe all the lies they've been told all there lives. Trying to change them is hopeless.
I'll bet there is an interesting story there.
She was lucky.
I had to get up in the morning at ten o'clock at night, half an hour before I went to bed, eat a lump of cold poison, work twenty-nine hours a day down mill, and pay mill owner for permission to come to work, and when we got home, our Dad would kill us, and dance about on our graves singing "Hallelujah."
But you try and tell the young people today that... and they won't believe ya'.