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Under Obama, Blacks Are Worse Off -- Far Worsehttp://www.elderstatement.com/2015/07/under-obama-blacks-are-worse-off-far.html
After six years, the report card is in. The grades are not pretty. By every key economic measurement, blacks are worse off under Obama. In some cases, far worse off.What about poverty? In 2009, when Obama took office, the black poverty rate was 25.8 percent. As of 2014, according to Pew Research Center, the black poverty rate was 27.2 percent.What about income? CNNMoney says, “Minority households’ median income fell 9 percent between 2010 and 2013, compared to a drop of only 1 percent for whites.” The Financial Times wrote last October: “Since 2009, median non-white household income has dropped by almost a 10th to $33,000 a year, according to the U.S. Federal Reserve’s survey of consumer finances. As a whole, median incomes fell by 5 percent. But by the more telling measure of net wealth – assets minus liabilities – the numbers offer a more troubling story.”
