Dusty Bake Activate
Fukk your corny debates
This is so dumb. If you start measuring from the point he got into office to when he left, of course there will be better numbers because there was nowhere to go but up. He entered office at the valley of the Great Recession when he country was losing 750k jobs a months.Dude all you have to do is Google this.
Rates grew for black people because they took the worse of the recession. Once it was over they dropped to below levels.
The black unemployment rate was 12.7% on January 2009. At its peak, the rate went up to 16.5% in 2011. On December 2017 the rate was down to 6.7%. I give Presidents a year after their term ends in regards to credit for economy for several reasons. If you want to be technical, the unemployment rate was 7.5% at the end of January 2017.
The black poverty rate was 25.8% in 2009. It rose to 27.2% in 2012 and 2013. At the end of 2017 it was 21.2%.
The median income for black people was $39,407 in 2009. The mean income was $55,688. The median income went down to $37,173 in 2011 and the mean went down to $ 53,918 in 2012. At the end of 2017 the median income was $42,511. The mean was $61,872.
That’s a disingenuous framing. The bottom line is the baseline normal standard of living conditions and wealth for Black people did not improve during the Obama era. The new normal was worst than the old normal after the recession and it was directly due to Obama telling Black homeowners to eat shyt.
The Obama presidency was a disaster for middle-class wealth in the United States. Between 2007 and 2016, the average wealth of the bottom 99 percent dropped by $4,500. Over the same period, the average wealth of the top 1 percent rose by $4.9 million.
This drop hit the housing wealth of African Americans particularly hard. Outside of home equity, black wealth recovered its 2007 level by 2016. But average black home equity was still $16,700 lower.
Keep drinking Flint water.
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