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| Economy |
| Blue Storm Batters Black America |
| 2011-12-01 |
| h/t Instapundit At the beginning of the year, I wrote that the coming changes to our workforce and the demise of the blue social model would strike at the heart of the Black middle class. One year later, it is clear that 2011 was a calamitous year for the Black middle class, and more is to come. |
| Posted by:g(r)omgoru |
| #4 From the article's comments (Note: A NY Times article was the original source of WRM's essay): The NYT is simply laying the ground work. To reduce or oppose the current number of government jobs is now racist. |
| Posted by: Ricky bin Ricardo (Abu Babaloo) 2011-12-01 23:28 |
| #3 2011 was a calamitous year for the Black middle class For the White middle class too. What ought to be more of a concern is the rapid disappearance of the middle class along with our jobs to China, Mexico, India, and various other places. I swear our politicians are morons and we are too for allowing them to be morons. |
| Posted by: JohnQC 2011-12-01 10:45 |
| #2 Democrats created this mess. Johnson and his great society really pushed it along. Democrats pushed this false economy and were nearly 100% supported with the black vote. Welfare and workfare. This has also hit hard others in our middle class. Now with the Fed supporting Europe our savings values are lost. To realize how much is lost to recover value our market while at 12000 should be at 30000. Then in 1932 what would a dollar purchase in gold compared to today.(I believe a cent or less today towards purchase of gold). I forget where I saw this but with this last move by the fed a $10000. investment just lost over one hundred dollars. |
| Posted by: Dale 2011-12-01 09:53 |
| #1 More like a black-and-blue storm battering all middleclass. |
| Posted by: Skidmark 2011-12-01 07:24 |