Obama’s economic war on black Americans: Widest wealth gap between U.S. blacks and whites on record

ASSOCIATED PRESS: The wealth gaps between whites and minorities have grown to their widest levels since the U.S. government began tabulating them a quarter-century ago. The recession and uneven recovery have erased decades of minority gains, leaving whites on average with 20 times the net worth of blacks and 18 times that of Hispanics, according to an analysis of new Census data.

The analysis shows the racial and ethnic impact of the recent economic meltdown, which ravaged housing values and sent unemployment soaring. It also offers the most direct government evidence yet of the stark wealth divide, a disparity between predominantly younger minorities whose main asset is their home and older whites who are more likely to have 401(k) retirement accounts or other stock holdings.

“I am afraid that this pushes us back to what the Kerner Commission characterized as `two societies, separate and unequal,’” said Roderick Harrison, a former chief of racial statistics at the Census Bureau, referring to the 1960s presidential commission that examined U.S. race relations. “The great difference is that the second society has now become both black and Hispanic.”

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One Response to “Obama’s economic war on black Americans: Widest wealth gap between U.S. blacks and whites on record”

  • avatar BlackConservative:

    This article is somewhat misleading. Zero is waging war on everyone who is not a leftist. I’m hanging on by my fingernails hoping enough people wake up in 2012 to vote him out of office — or impeach him sooner.

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