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?