Black America vs. Obama?
I thought this was important enough a read that I wanted to post the entire article.
By Patrick J. Buchanan - Human Events
"The Disappearing Black Middle Class" ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering.
In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households.
By 2009, the median net worth for white households had fallen 24 percent to $97,860. For black households, it had plummeted 83 percent to $2,170, a near wipeout.
As Algernon Austin of EPI's Program on Race, Ethnicity and the Economy put it, "In 2009, for every dollar of wealth the average white household had, black households had two cents."
One explanation for this surely is the wave of foreclosures on subprime mortgages, a large share of which were held by African-Americans.
But while unemployment among white men has surged in the Great Recession, among black men it has hit 16 percent, the highest level since the Department of Labor began to keep records in 1972.
Ominously, things are likely to get worse, because Bill Clinton's assertion, "The era of big government is over!" is today palpably true.
Not only in Wisconsin, Ohio and New Jersey, run by Republicans, is this so, but in liberal mega-states like New York and California. There, Govs. Andrew Cuomo and Jerry Brown run the show, and government payrolls are also being slashed and government pensions pared back.
From Greece to Portugal to Ireland to Italy, an age of austerity has begun. And now that age is about to begin in Barack Obama's Washington.
Why should this adversely affect black America?
Because not only are African-Americans disproportionately the beneficiaries of federal programs, from the Earned Income Tax Credit to aid for education and student loans, they are even more over-represented in the federal workforce than they are on state payrolls.
Though 10 percent of the U.S. civilian labor force, African-Americans are 18 percent of U.S. government workers. They are 25 percent of the employees at Treasury and Veterans Affairs, 31 percent of the State Department, 37 percent of Department of Education employees and 38 percent of Housing and Urban Development. They are 42 percent of the Equal Employment Opportunity Commission and Pension Benefit Guaranty Corp., 55 percent of the employees at the Government Printing Office and 82 percent at the Court Services and Offender Supervision Agency.
When the Obama administration suggested shutting down Fannie Mae and Freddie Mac, the mortgage giants whose losses of $150 billion have had to be made up by taxpayers, The Washington Post warned, in a story headlined, "Winding Down Fannie and Freddie Could Put Minority Careers at Risk," that 44 percent of Fannie employees and 50 percent of Freddie's were persons of color.
In Washington, D.C., we have also seen the result of government cuts on African-American leaders who had to approve those cuts.
When Mayor Adrian Fenty stood behind schools chancellor Michelle Rhee, who fired hundreds of teachers, most of them African-American, the wards east of the Anacostia cut him dead. In 2010, Fenty was thrown out by many of the black voters who elected him.
Not only are African-Americans over-represented among government employees, these jobs are the backbone of the black middle class. For federal pay and benefits have in recent years far outstripped those of the private sector.
From 2000 to 2010, the number of federal employees earning over $150,000 increased tenfold. That number doubled in the first two years alone of the Obama administration. The average pay of federal civil servants in 2009, after benefits were factored in, was $123,000, twice the average pay and benefits of $61,000 in the private sector.
Indeed, because of the salaries and benefits that District of Columbia and federal employees receive, Washington is first among all metropolitan areas in per-capita income. And the three congressional districts north and west of the city in Maryland and Virginia are among the top 10 in the nation in average income.
The half-century since the Great Society was launched in the mid-1960s have been the salad days of the government sector. No segment of the population has benefited more than black America.
But with the U.S. government running its third deficit of 10 percent of gross domestic product, and Obama talking of cutting $4 trillion from future spending, those days are over. And as black America benefited immensely from the Great Society, so it is likely to hurt most as the cuts come.
Already, black voices are beginning to blame the black president whom fate has chosen to preside over the downsizing.
Obama, says Princeton professor Cornell West, "lacks backbone." He is a "black mascot of Wall Street and a black puppet of corporate plutocrats. ... I don't think in good conscience I could tell anybody to vote for Barack Obama."
Incredibly, the question must be asked.
Is this Democratic administration about to go to war with its base? Is black America souring on Barack Obama?
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Obama can't even get his story straight
********I mean, the vast majority of Democrats on Capitol Hill would prefer not to have to do anything on entitlements; would prefer, frankly, not to have to do anything on some of these debt and deficit problems. And I’m sympathetic to their concerns, because they’re looking after folks who are already hurting and already vulnerable, and there are a lot of families out there and seniors who are dependent on some of these programs. And what I’ve tried to explain to them is, number one, if you look at the numbers, then Medicare in particular will run out of money and we will not be able to sustain that program no matter how much taxes go up. I mean, it’s not an option for us to just sit by and do nothing. And if you’re a progressive who cares about the integrity of Social Security and Medicare and Medicaid, and believes that it is part of what makes our country great that we look after our seniors and we look after the most vulnerable, then we have an obligation to make sure that we make those changes that are required to make it sustainable over the long term.Hmmm. Wasn't he the one who pushed through his major health care reform under the pretense that it would save Medicare? Why, yes he did. Here he is in August of last year.
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NRA Executive Director Chris Cox called the reporting requirement "a blatant effort by the Obama administration and ATF to divert focus of Congress and the general public from their gross incompetence in the Fast and Furious scandal."
As CNSNews.com has reported, a House committee is investigating the Bureau of Alcohol, Tobacco, Firearms and Explosives for its botched gun-tracking operation in which the ATF -- evidently with the approval of Justice Department higher-ups -- allowed straw purchasers in the U.S. to send guns to Mexican criminals. Two of the guns sold as part of Operation Fast and Furious ended up at the Arizona crime scene where a U.S. Border Patrol agent was murdered in December.
Obama's Only Hope of Reelection is Forcing John Boehner to Cave
It'll destroy the Republican Party, and Obama knows it.
By Rush Limbaugh
John Boehner is Obama's lifeline to reelection. That's all Boehner is to Obama, nothing else. He not a golf buddy. He's nothing other than that. If he can get Boehner to ultimately cave, Obama's reelected. That's what he knows.Reuters: Like Reagan at Reykjavik, Boehner Passes on a Bad Deal - James Pethokoukis
Sorry, folks, it's the only way to look at this. When they go in that meeting room and Obama sees Boehner, he sees 2002. He sees, "If I can force this guy to cave, I don't care what the House vote is. I don't care if I lose the vote. If I can get this guy to cave and put my tax increase for a vote, even if it loses, I win. And I get reelected." That's what Obama thinks, because if Boehner caves, it's bye-bye GOP. That's the thing that everybody must understand. If Boehner caves, it's bye-bye GOP and nothing to do with the policy changes that might happen. If Boehner caves and takes a tax increase, folks, to the House and it loses, Obama still wins because the Republican base is so ticked off at that. Hello Tea Party, you know the drill.
That's all Obama is trying to do is to wear Boehner down between now and Ramadan so that Boehner eventually caves, Ramadan being August 1st, and they say we go into default on August 2nd. You be the judge.
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While Americans’ support for the repeal of Obamacare remains unwavering, the Obama administration continues to push the implementation of its highly unpopular overhaul. The administration is trying to coax states into implementing Obamacare’s government-run “exchanges” — with some success. But Politico Pulse writes that Obamacare “says incredibly little about how states’ exchanges will be determined [to be Obamacare]-compliant, only that the administration can take over a state’s exchange operation if the secretary determines, in 2013, that state won’t be ready” for Obamacare's scheduled grand opening, at the start of 2014.********
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