Posts Tagged teenagers

Reagan and Obama and Black America


The Washington Times had an interesting article about how Ronald Reagan and Barrack Obama have done by Black America. Richard Rahn of the Washington Times sum it up this way:

Ronald Reagan reduced Taxes on job created by 60%. Obama increased them by 17%. Reagan cut non-defense federal spending by a third; Obama has increased it, to say the least. Reagan cut regulations while Obama has greatly increased them.

Under Reagan, adult black unemployment fell by 20%, but under Mr.Obama, it has increased by 42%

Black teenage unemployment felly by 16% under Reagan, but has risen by 56% under Mr. Obama

The increase in unemployment rates has been far worse for blacks under Mr.Obama than for whites and Hispanics.

Inflation-adjusted real incomes are slightly higher for Hispanics and whites than they were in 2008, but are lower for blacks.

The labor force participation rate has fallen for all groups, but remains far lower for blacks than for whites and Hispanics.

Some change for black America. For someone who has stated that he admired Reagan, he should is not acting like him.

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