The Silent Depression
United for a Fair Economy has published State of the Dream 2009: The Silent Depression. There is no creativity in direct quotes but since my time is very limited today, this is the background they give in describing this report:
"While the general population has been in recession for one year, people of color have been in recession for five years. By definition, a long-term recession is a depression.
We detail additional evidence that shows the current racial economic inequity, including poverty rates, wealth and assets and economic mobility. While racial barriers did not prevent an African-American from becoming President, they continue to impede many people of color from achieving the same economic success as their white counterparts."
Check it out at: http://www.faireconomy.org/news/state_of_the_dream_2009_the_silent_depression
Overall, 24% of Blacks and 21% of Latinos are in poverty, versus 8% of whites. I hope that we do not choose to remain blind to issues of race simply because we have elected President Obama. Painful issues are still there, obviously.
"While the general population has been in recession for one year, people of color have been in recession for five years. By definition, a long-term recession is a depression.
We detail additional evidence that shows the current racial economic inequity, including poverty rates, wealth and assets and economic mobility. While racial barriers did not prevent an African-American from becoming President, they continue to impede many people of color from achieving the same economic success as their white counterparts."
Check it out at: http://www.faireconomy.org/news/state_of_the_dream_2009_the_silent_depression
Overall, 24% of Blacks and 21% of Latinos are in poverty, versus 8% of whites. I hope that we do not choose to remain blind to issues of race simply because we have elected President Obama. Painful issues are still there, obviously.
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