What an arrogant, narcissistic self-promoting jackass this President is, it just boggles the mind. An “insult” to him personally? If blacks decide that Hillary is about as likely to help them in Clinton America as the democrats of yore were to the black community in the south of George Wallace and Robert Byrd, Senator Byrd being a particular favorite of the old Hildabeast, it is a personal assault on the Divine One?
At a time when blacks are being murdered in cities like his hometown of Chicago in the thousands, when racial tensions have been fanned by to a fervor pitch by his wonderful healing words and actions top levels not seen in perhaps in the past 50 years, this odious self-centered fraud dares admonish the brainwashed black herd in the nation to vote, not according to their real best interests nor the interests of all of America, but to support his totally misplaced sense of self-worth. Obama is a transnational corporatist fraud that could not give one damn about the lives of blacks or any other ethnic group, in fact, of any American but the one he sees in the Fun House mirror every morning.
In spite of Obama’s $275 billion in housing-market bailouts, home ownership has waned.
In the first quarter of 2009, 67.3% of Americans owned homes. By the first quarter of 2014, the Census Bureau figure was 64.8%.
Black home ownership has sagged from 46.1% in 2009 to 43.3% in 2014.
The poverty rate for blacks is now 25.8%.
Fewer than half of young black men are working a full-time job.
The black workforce is decreasing, down from 58.6% in June 2007 to 52.8% in August 2012.
The median minority family’s income is now almost fifth lower than it was when Obama took office with a net worth of just $18,100.
In contrast, white median wealth has increased by 1% to $142,000.
In 2009, white households were 7 times richer than black households. Now, white households are 8 times richer.
“Like the rest of America, Black America, in the aggregate, is better off now than it was when I came into office,” said President Obama on December 19, in response to a question by Urban Radio Networks White House Correspondent April Ryan.
What planet African Americans are doing “better off” on is unknown. What is known is that President Obama is about to leave office with African Americans in their worst economic situation since Ronald Reagan. A look at every key stat as President Obama starts his sixth year in office illustrates that.
Unemployment. The average Black unemployment under President Bush was 10 percent. The average under President Obama after six years is 14 percent. Black unemployment, “has always been double” [that of Whites] but it hasn’t always been 14 percent. The administration was silent when Black unemployment hit 16 percent – a 27-year high – in late 2011.
Poverty. The percentage of Blacks in poverty in 2009 was 25 percent; it is now 27 percent. The issue of poverty is rarely mentioned by the president or any members of his cabinet. Currently, more than 45 million people – 1 in 7 Americans – live below the poverty line.
The Black/White Wealth Gap. The wealth gap between Blacks and Whites in America is at a 24-year high. A December study by PEW Research Center revealed the average White household is worth $141,900, and the average Black household is worth $11,000. From 2010 to 2013, the median income for Black households plunged 9 percent.
Income inequality. “Between 2009 and 2012 the top one percent of Americans enjoyed 95 percent of all income gains, according to research from U.C. Berkeley,” reported The Atlantic. It was the worst since 1928. As income inequality has widened during President Obama’s time in office, the president has endorsed tax policy that has widened inequality, such as the Bush Tax cuts.
Education: The high school dropout rate has improved during the Obama administration. However, currently 42 percent of Black children attend high poverty schools, compared to only 6 percent of White students. The Department of Education’s change to Parent PLUS loans requirements cost HBCU’s more than $150 million and interrupted the educations of 28,000-plus HBCU students.
SBA Loans. In March 2014, the Wall Street Journal reported that only 1.7 percent of $23 billion in SBA loans went to Black-owned businesses in 2013, the lowest loan of SBA lending to Black businesses on record. During the Bush presidency, the percentage of SBA loans to Black businesses was 8 percent – more than four times the Obama rate.
President Obama continued Bush’s economic policy by deciding not to allow the Bush tax cuts expire in 2010 and agreeing to make them permanent in 2013. While he did this Black civil rights leaders said nothing. Soon after, in the president’s budget, there were cuts to community block grants and a budget increase for the Federal Bureau of Prisons. President Obama’s support of the Bush tax cuts are support for “trickle down” economics — that is, a tax break for the top 1 percent. Billionaire Warren Buffett spoke against the Bush tax cuts. There would have been $4 trillion in additional revenue had the president simply let the Bush tax cuts expire.
In 2011, when Al Sharpton told CBS’ 60 Minutes that, “Obama already said he won’t do anything for Blacks, duh,” it signaled that Black civil rights leaders would not push the first Black president hard on Black issues. Sharpton has been in the White House 61 times since 2009, probably more than any member of Congress, including leadership, over that period. With that type of access to power one has to ask: Where are the positive policy results?
“Because we’re leading around the world, people have a new attitude toward America. There’s more confidence in our leadership. We see it everywhere we go,” President Obama said at the Veterans of Foreign Wars convention in Reno.
“Four years ago, I stood before you at a time of great challenge for our nation. We were engaged in two wars. Al Qaeda was entrenched in their safe havens in Pakistan. Many of our alliances were frayed. Our standing in the world had suffered. We were in the worst recession of our lifetimes. Around the world, some questioned whether the United States still had the capacity to lead,” Obama said earlier in his speech.
“So, four years ago, I made you a promise. I pledged to take the fight to our enemies, and renew our leadership in the world. As President, that’s what I’ve done. And as you reflect on recent years, as we look ahead to the challenges we face as a nation and the leadership that’s required, you don’t just have my words, you have my deeds. You have my track record. You have the promises I’ve made and the promises that I’ve kept,” he said.
President Barack Obama said if black voters fail to vote in sufficient numbers and Donald Trump wins the presidency, he will consider it a “personal insult.”
“I will consider it a personal insult, an insult to my legacy, if this community lets down its guard,” Obama said Saturday at an awards dinner hosted by the Congressional Black Caucus Foundation in Washington. “You want to give me a good send off? Go vote!”
At times raising his voice during an impassioned 25-minute speech, Obama sought to rally his most loyal supporters to elect Hillary Clinton as his successor.
Obama’s remarks came a day after Trump acknowledged that the president was born in the U.S. Without apologizing, the Republican presidential nominee reversed himself after years of promoting a conspiracy theory that Obama was born in Kenya.
Obama took the opportunity to mock Trump during the speech to the mostly black audience.
“I don’t know about you guys, but I am so relieved that the whole birther things is over,” the president said, smiling. “In other breaking news, the world is round, not flat.”
Obama also took aim at Trump’s outreach to black voters. Trump has spent much of the past month making overt attempts to reach out to black voters, often describing their lives in apocalyptic terms. He has said Democrats are responsible for the challenges in the urban communities.
In several rallies in recent months, Trump has said blacks live in crime-ridden communities and can’t walk down the street without getting shot.
“You’re living in poverty. Your schools are no good,” Trump said at a Michigan rally last month. “You have no jobs. Fifty-eight percent of your youth is unemployed. What the hell do you have to lose?”
Obama’s remarks followed a speech by Clinton, who accepted an award from the Congressional Black Caucus Foundation and attacked Trump’s candidacy without naming the candidate directly.
Hillary Clinton urges black leaders to protect Obama’s legacy and warns of ‘dangerous and divisive vision‘ that could come under Trump
Hillary Clinton spoke before President Barack Obama delivered his final keynote address to the Congressional Black Caucus Foundation
She said: ‘It’s not about golf course promotions or birth certificates’
The gala featuring nearly four dozen black members of Congress, underscored Clinton’s need for a large turnout of black voters in November
Clinton is hoping that African-Americans turn out like they did for Obama’s two victories when they comprised 13 per cent of the electorate