There is an elephant in the room but no one is talking about it.

 

Exactly how bad the economic unfolding will be doing to Black people before they wake up and realize that Obama's economic and domestic policy are at odds with their advancement and well being?

 

Probably never, according to this poll: http://www.huffingtonpost.com/...

 

Particularly because of the racial politics playing by some black politicians.

 

The job bill proposed by Obama will probably increase short-term minimum wage jobs.

 

$4000 tax credits per job created over 6 month.

 

Federal regulation on minimum wage is set to be $7.25. 6 month pay of federal minimum wage on 40hr/wk job is $6920 before tax plus state-mandated benefit that cost probably between $500 to $1000 per half year.

 

How exactly is it going to benefit Black Americans? Keep them poor? And how many of those jobs are more likely to be given to Hispanics? After all, Hispanics-owned small business out-number Black-owned ones.

 

More government hand out? More dependence?

 

Just last year, Black people in Nashville were hit just as bad as any other people there. However, we didn't see a Katrina-type disaster waiting FEMA and US military to show up for rescue. Black people there are less dependent and more self-reliant than the poor people hit by Katrina.

 

Katrina is just an example of the end result to dependence on the government. The even worse one is coming in 3-5 years. The situation is grim for poor Blacks, and it doesn't matter which color of the skin the POTUS has. Eventually, the EBT and Social Security will come to an end. Thus, the real Black agenda should be how to survive the bleak prospect of joblessness and lack of opportunity, instead of self-gratifying and grandiose proposed by Black politicians.

 

The real Black agenda is to have more like Herman Cain who start business and hire black people serving black community.

 

The real Black agenda is to have young black males trained with knowledge and skill to be employable.

 

The real Black agenda is to rebuild family and moral, thus ending the misery of single motherhood and amoral youth.

 

And, finally, the real Black agenda is rebuilding Black male image as responsible and strong ones who provide, protect and produce.

 

So far Obama has done the opposite of these. The lure of Pleasure Island is great, and the prospect of real life is grim.

I largely agree with you, we are not able as a society (any western society that is) to have any meaningful discussions about issues relating to statistics pertaining to race without  immediate hysteria. I think this has two side effects - one that the lack of discussion encourages people to form opinions that are often basically "racial theory" i.e. "xx people are stupid and poor and violent" and the second is that it prevents policy that is effective at targeting problems within specific demographics - a good example being absent fathers with several offspring, it correlates so positively with so many negative statistical outcomes (that are, as above often incorrectly attributed to race alone) and yet due to hypersensitivity the issue never acknowledged or addressed in a meaningful manner. 

 

But ignoring that for a moment, the Obama plan is to throw money at the problem, to create a short term stimulus and create some form of positive news regarding employment - the analysis he sponsored said it would create 1 million + jobs, assuming it does do that (unlikely), and that those jobs pay an average of $10 000/year back in taxes then it will be 25 years before the 250 billion (as additional spending)  is repaid.  

 

Keynesian economics isn't going to start working now, the only way forwards is to reduce spending and thankfully in the UK the party that would be trying the stimulus approach right now is out of power, cuts are painful in the short term but the behaviour of those who would advocate more borrowing right now reminds me of a gambler at a casino down a few grand desperately trying to win it back by throwing more chips on the table. You can't rely on the mythical saviour of economic growth to return until the markets have confidence that debt levels are sustainable - until Obama realises that he is on the wrong track there will be a steady downward trend imho.

 

R 

 

These stimulus  

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