|Obama ‘Buried’ Black Middle Class too|
|by Tom McGregor||Mon, Oct 8, 2012, 08:07 PM|
President Barack Obama failed to bring hope and prosperity to the black middle class. Even Obama’s hometown newspaper, the Chicago Tribune, is shedding light on this startling truth.
The Chicago Tribune reports that, “for months, the presidential candidates have been trying to court the middle class, extending offers of tax cuts, lower gas prices and better schools. The message: America does well when the middle class does well. The corollary: We feel your pain.”
Nevertheless, President Barack Obama has ignored the black middle class during the recession and slow recovery as they suffer from massive decreases in wealth and high rates of home foreclosures. Blacks overall are struggling with 13.4 percent unemployment rate, as disclosed by figures released Friday, much higher than the national rate of 7.8 percent.
According to the Chicago Tribune, “the Pew Charitable Trusts’ Economic Mobility Project recently released a report projecting the 68 percent of African-Americans reared in the middle and wealth ladder will not do as well as the previous generation.”
The National Urban League’s State of black America 2012 report revealed in August that nearly all the economic gains that black middle class accomplished during the last 30 years were wiped out by the Obama Recession.
written by Jonathan Green , October 09, 2012
Predictably, Obama’s numbers dropped after the debate, Romney’s went up and there is panic in the streets.
There was a major danger with Obama’s original lead. It was too easy to write off Romney and to become complacent. It is now clear that each of us has to make a decision. If we believe that it does not matter who wins, then there is no bother voting, at least for the president. If, on the other hand, we believe that an Obama victory provides progressives even a modicum of space in order to organize and build our strength, then there is no room for complacency.
Regardless of the outcome, the Left and progressives have major work to do, whether it is in demanding jobs or preventing war with Iran or taking on police brutality. Yet this way of thinking of it runs the risk of making us feel a bit too comfortable. I, especially, believe that the danger of white revanchism–a variant on right-wing populism–is significant today in light of the economic crisis and the decline in living standards, but also the altering role of the US globally. White revanchism will be enhanced with a Romney victory.
In either case, we need to mobilize to vote and combat those on the political Right who wish to buy and/or steal this election. There is more at stake than just who sits in the White House.
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