How’s the recession treating everybody? If you’re a minority, the answer is “worse than it’s treating the white people.”
While America’s whites are also unemployed and obese/starving and abandoned by the rich/Congress, it’s been even lousier for the blacks and browns and other such people who have an automatic disadvantage in this country due to the national religion, which is white racial superiority. The AP reports:
WASHINGTON (AP) — The wealth gaps between whites and minorities have grown to their widest levels in a quarter-century. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.
The analysis shows the racial and ethnic impact of the economic meltdown, which ravaged housing values and sent unemployment soaring. It offers the most direct government evidence yet of the disparity between predominantly younger minorities whose main asset is their home and older whites who are more likely to have 401(k) retirement accounts or other stock holdings.
Fake black man Barack Obama only wants to get re-elected by those same wealthy old white people who vote in such numbers because their interests financially mesh with the interests of corporate America, so all the real black people better just get used to being desperately poor again. [Associated Press via Wonkette commenter Negropolis]Related