Skip to comments.Ronald Reagan -- Our First Black President?
Posted on 08/27/2012 7:01:36 PM PDT by gusopol3
ut the past two years have made one thing clear: Ronald Reagan was a far better friend to black Americans than Barack Obama has been. Just compare the Reagan and Obama records. Under Obama, black unemployment rose from 12.6 percent in January 2009 to 16.0 percent today. This means that black unemployment has increased by more than one-fourth since Obama took office.
And the Reagan record? African-American columnist Joseph Perkins has studied the effects of Reaganomics on black America. He found that, after the Reagan tax cuts gained traction, African-American unemployment fell from 19.5 percent in 1983 to 11.4 percent in 1989. Black-owned businesses saw income rise from $12.4 billion in 1982 to $18.1 billion in 1987-an annual average growth rate of 7.9 percent. The black middle class expanded by one-third during the Reagan years, from 3.6 million to 4.8 million.
(Excerpt) Read more at townhall.com ...