So Obama Must Be A Racist Then, Right?

Obama must be a racist. How do I know? Well, that’s what the MSM usually tells us about Republican Presidents when they find some indication that minorities didn’t do as well as whites while that President was in office. . . like now. Indeed, financially, blacks are getting killed under Obama. Hence, the MSM will soon declare Obama a racist, right?

Here’s what I’m talking about. According to recent economic analysis, the “wealth gap,” i.e. the difference between the net worth of whites and the net worth of blacks has expanded greatly under Obama. It now stands at a difference of 20 times, meaning that whites are on average worth 20 times more than blacks. Under the evil Ronald Reagan, this was only 12-1, yet he was declared racist because of it.

What’s more, 35% of blacks have zero net worth, compared to 15% of whites. And black poverty has reached 14.3%, the highest number since the 1960s when LBJ began his Great (Destruction Of) Society program.

There are several reasons for this economic disparity, all having to do with the choices blacks make. For example, blacks are much more likely to work for the government. When this recession began, it was mainly white males who were laid off because they work in the kinds of fields that were hurt the quickest by the recession, e.g. trucking. But as the economy recovered, many of those white males found work again. But just as the honkeys were finding jobs, the budget crises experienced by the states caused them to start laying off government workers. These are predominantly women and blacks. Thus, what the MSM snickered at as the “mancession” has turned into something the MSM now considers horrible as women and blacks have (net) lost many more jobs than white males. . . over a million net.

Secondly, while blacks get more degrees per capita than any other race, they do it in fields that don’t lead to employment. They specifically avoid things like science and engineering degrees. Thus, they limit their economic potential.

Third, and most importantly in this case, blacks tend to invest all their savings in buying a home, whereas whites are more likely to invest in 401ks and other stock portfolios in addition to buying a home. Thus, while everyone was hit when the bottom fell out of the housing market, blacks were much more severely affected because that’s where all their assets were. By comparison, whites suffered when the stock market collapsed, but the market has returned to pre-crash levels. Homes continue to fall in value.

That’s really what’s going on here, not racism. But that never stopped the MSM from tarring Republican Presidents with the label.

And admittedly, Obama is not without blame. It’s Obama’s horrid job killing policies that have led to 16.2% unemployment among blacks. Black teenagers face an unemployment rate of 49.4%.

We also should not forget that blacks have stopped gaining on whites in schools under Obama. The achievement gap is about 28 points out of 500, and half of blacks still drop out before finishing high school. Of course, there are many causes for this too. According to some education nonprofit groups who have studied the issue, one of the big causes is that: “African-American students are less likely than their white counterparts to be taught by teachers who know their subject matter.” Still, that can hardly be blamed on Obama and his teachers unions friends, can it?

Nope, none of this is Obama’s fault.

Still, can you image what the papers would look like if Obama had been a Republican and these numbers were released?