Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Blacks' economic gains wiped out in downturn
MSNBC ^ | 7/10/2011 | JESSE WASHINGTON/ap

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 ...


TOPICS: Extended News; News/Current Events
KEYWORDS: blacks
Navigation: use the links below to view more comments.
first 1-5051-64 next last

1 posted on 07/10/2011 1:09:51 PM PDT by tobyhill
[ Post Reply | Private Reply | View Replies]

To: tobyhill

Somehow, I am sure Bush will be blamed......


2 posted on 07/10/2011 1:12:12 PM PDT by JimBianchi11 (The 2A is the cornerstone of our free society. Those that don't support it, oppose it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

hunh. but i thought obama came to save them...


3 posted on 07/10/2011 1:14:44 PM PDT by the invisib1e hand ("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

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..


4 posted on 07/10/2011 1:16:25 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: the invisib1e hand
HOPE AND CHANGE!
5 posted on 07/10/2011 1:16:43 PM PDT by omega4179
[ Post Reply | Private Reply | To 3 | View Replies]

To: tobyhill

SOB! SOB!


6 posted on 07/10/2011 1:16:54 PM PDT by bikerman (Where Has My America Gone?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: omega4179

Stays does not have an ‘ in it.


7 posted on 07/10/2011 1:17:06 PM PDT by omega4179
[ Post Reply | Private Reply | To 5 | View Replies]

To: tobyhill

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.


8 posted on 07/10/2011 1:17:14 PM PDT by Trueblackman (Posting on FR since 1998 and 100% teleprompter free post as well.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: hosepipe

that’s a 95% certainty.


9 posted on 07/10/2011 1:17:25 PM PDT by Jeff Vader (Palin 2012)
[ Post Reply | Private Reply | To 4 | View Replies]

To: tobyhill

I still maintain that deep down Obama hates REAL American black people...


10 posted on 07/10/2011 1:18:23 PM PDT by madison10
[ Post Reply | Private Reply | To 1 | View Replies]

To: omega4179

black solidarity is a myth. it’s really pitiful how they race-pimp one another.


11 posted on 07/10/2011 1:18:58 PM PDT by the invisib1e hand ("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Trueblackman

LOL.. right.. they forget or don’t even know about Gov. Faubus and Bull Conner..


12 posted on 07/10/2011 1:19:14 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
[ Post Reply | Private Reply | To 8 | View Replies]

To: madison10
I still maintain that deep down Obama hates REAL American black people...

I maintain that it's mutual. Who likes to be traded on?

13 posted on 07/10/2011 1:19:54 PM PDT by the invisib1e hand ("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: madison10
Being a Narcissist, Zero hates EVERYONE - including himself.
14 posted on 07/10/2011 1:20:57 PM PDT by proudofthesouth (Democratic Party - The party of genocide.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: tobyhill

Christ, NOT more of this Crap again!


15 posted on 07/10/2011 1:21:44 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

How can you own a home for almost three decades and not be close to paying it off?


16 posted on 07/10/2011 1:23:37 PM PDT by twin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

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.


17 posted on 07/10/2011 1:26:31 PM PDT by MamaB
[ Post Reply | Private Reply | To 1 | View Replies]

To: madison10

“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?


18 posted on 07/10/2011 1:26:37 PM PDT by Attention Surplus Disorder (Both sides need to put aside the partisan bickering, & work out how much free stuff I get)
[ Post Reply | Private Reply | To 10 | View Replies]

To: tobyhill

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.


19 posted on 07/10/2011 1:27:46 PM PDT by Meet the New Boss
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

They put the democrats in charge (the party of slave owners and the KKK)....what did they expect?


20 posted on 07/10/2011 1:32:21 PM PDT by chris_bdba
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

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.


21 posted on 07/10/2011 1:33:56 PM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
[ Post Reply | Private Reply | To 1 | View Replies]

To: twin2
How can you own a home for almost three decades and not be close to paying it off?

Refinance repeatedly and spend the extra money that you get when the bank says the market value of the property has increased. Then when the economy turns you're stuck with a big old mortgage, no job, and unable to unload the house because the market value has collapsed and won't cover the mortgage.

No doubt there are FReepers who could tell you from their own experience.

22 posted on 07/10/2011 1:35:32 PM PDT by Cheburashka (If found, please return this Ring of Power to Sauron, Lord of Darkness. Return postage guaranteed.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Meet the New Boss

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.


23 posted on 07/10/2011 1:37:34 PM PDT by Meet the New Boss
[ Post Reply | Private Reply | To 19 | View Replies]

To: tobyhill

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.


24 posted on 07/10/2011 1:37:34 PM PDT by yup2394871293
[ Post Reply | Private Reply | To 1 | View Replies]

To: omega4179

no need for the apostrophe.


25 posted on 07/10/2011 1:39:04 PM PDT by yup2394871293
[ Post Reply | Private Reply | To 5 | View Replies]

To: tobyhill
I am not black, and my economic gains haven't been so fruitful either.

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.

26 posted on 07/10/2011 1:42:47 PM PDT by Venturer
[ Post Reply | Private Reply | To 1 | View Replies]

To: metmom; wintertime

“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.


27 posted on 07/10/2011 1:45:08 PM PDT by Clintonfatigued (Illegal aliens collect welfare checks that Americans won't collect)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Remember this?

28 posted on 07/10/2011 1:51:02 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

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.


29 posted on 07/10/2011 1:51:46 PM PDT by Yaelle
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2ndDivisionVet

Oh yeah, communist hope and change.


30 posted on 07/10/2011 1:52:59 PM PDT by Rodm
[ Post Reply | Private Reply | To 28 | View Replies]

To: Cheburashka

Greed or not, that sounds like lack of foresight.


31 posted on 07/10/2011 1:53:27 PM PDT by Lady Jag (Keep the 'ICk" in Democratic)
[ Post Reply | Private Reply | To 22 | View Replies]

To: twin2

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.


32 posted on 07/10/2011 1:57:10 PM PDT by sheana
[ Post Reply | Private Reply | To 16 | View Replies]

To: Attention Surplus Disorder

Could it be (Satan)? Old Saturday Night live skit.


33 posted on 07/10/2011 1:57:13 PM PDT by richardtavor (Pray for the peace of Jerusalem)
[ Post Reply | Private Reply | To 18 | View Replies]

To: JimBianchi11
Somehow, I am sure Bush will be blamed......


34 posted on 07/10/2011 1:57:55 PM PDT by Iron Munro (The more effeminate & debauched the people, the more they are fitted for a tyrannical government.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

The obvious solution is more socialism.


35 posted on 07/10/2011 1:57:58 PM PDT by Da Bilge Troll (Defeatism is not a winning strategy!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Yaelle

“It’s not exclusive to one race.”

You’re right, but the irony in it for blacks...


36 posted on 07/10/2011 1:58:01 PM PDT by kearnyirish2
[ Post Reply | Private Reply | To 29 | View Replies]

To: MamaB

Those quilts on the floor were called pallets....and I have slept on many of them.


37 posted on 07/10/2011 1:58:22 PM PDT by sheana
[ Post Reply | Private Reply | To 17 | View Replies]

To: twin2

You refinance it over-and-over again to cash out.


38 posted on 07/10/2011 1:58:56 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Lady Jag
Greed or not, that sounds like lack of foresight.

Didn't say there was foresight in it.
39 posted on 07/10/2011 2:01:28 PM PDT by Cheburashka (If found, please return this Ring of Power to Sauron, Lord of Darkness. Return postage guaranteed.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: tobyhill

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.


40 posted on 07/10/2011 2:02:23 PM PDT by Gator113 (Palin 2012, period.....)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RJS1950

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.


41 posted on 07/10/2011 2:03:23 PM PDT by Chandalier (Obama is a Chicken Hawk!)
[ Post Reply | Private Reply | To 21 | View Replies]

To: tobyhill
Yet many jobless blacks do not blame their plight on the president.

"I have no problem with Obama when I look at what the alternatives are," Wilder says.

Well, they'll still vote for him.

42 posted on 07/10/2011 2:07:03 PM PDT by Cementjungle
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

You get what you vote for, fellas.


43 posted on 07/10/2011 2:10:51 PM PDT by PetroniusMaximus
[ Post Reply | Private Reply | To 1 | View Replies]

To: hosepipe
From the article:
Goldring doesn't think Obama is doing a bad job either. "The unemployment situation is not the best, but I don't think it has a lot to do with him," she says.

Unbelievable.
44 posted on 07/10/2011 2:16:49 PM PDT by Shannon
[ Post Reply | Private Reply | To 4 | View Replies]

To: sheana

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.


45 posted on 07/10/2011 2:19:22 PM PDT by MamaB
[ Post Reply | Private Reply | To 37 | View Replies]

To: tobyhill; All
So, let me think about this: For 80% of the Bush years, the Black people interviewed in this article were doing well and prospering. Almost 3 years under Barack Obama and they are near poverty level again. I wonder who they voted for in '08? Wonder who they'll vote for again in '12?
46 posted on 07/10/2011 2:20:08 PM PDT by no dems (When I learn that a person, regardless of who they are, is a Democrat, I lose respect for them.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
Went to play tennis at a local park in New Haven, CT. All the blacks there (and one liberal white guy) were having a discussion about the evil corporations, how Wall Street is stealing the United States, how republicans are taking away Medicare, republicans are "telling people what they can/can't do", etc.

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.

47 posted on 07/10/2011 2:21:21 PM PDT by raybbr (People who still support Obama are either a Marxist or a moron.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill
Then Goldring lost her executive assistant job in the Baltimore hospital where she had worked for 17 years.

I'll bet there is an interesting story there.

48 posted on 07/10/2011 2:28:47 PM PDT by Jeff Chandler (Just once I'd like someone to call me 'Sir' without adding 'You're making a scene.' - Homer Simpson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RJS1950
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 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'.

49 posted on 07/10/2011 2:31:17 PM PDT by Jeff Chandler (Just once I'd like someone to call me 'Sir' without adding 'You're making a scene.' - Homer Simpson)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Venturer; All
I am not black, and my economic gains haven't been so fruitful either.
Obama has hurt us all, why should we single out blacks?

For three reasons:
1. 96 percent of the Blacks voted for Obama thinking the Brotha was gonna lead them to Utopia. Instead, along with the rest of the nation, he's leading them to Hell.
2. They will, like lemmings, vote for Obama AGAIN in 2012; you won't.
3. It's just verifying the fact that Blacks would vote Democratic even if it meant their grandchildren would be shot by a firing squad.
50 posted on 07/10/2011 2:32:52 PM PDT by no dems (When I learn that a person, regardless of who they are, is a Democrat, I lose respect for them.)
[ Post Reply | Private Reply | To 26 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-64 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson