Tuesday, July 10, 2012
The Obama Paradox
This data was frankly surprising to me:
When Obama took office in January 2009, the unemployment rate for white men who were 25-54 years old, i.e., in their prime earning years (the Regular Guy is 53... better get moving!), was 8.1% at the trough of the recession. In June 2012 it is back down to 5.9%.
Meanwhile, the unemployment rate for blacks, which was 12.7% when Obama took office, has actually gone up to 14.4% in June 2012. The unemployment rate for Hispanics, which was 10.0% when Obama took office, was up to 11.0% in June 2012. And the unemployment rate for young people, ages 16-24, which was 14.9% in January 2009, is now up to 16.5% as of last month's jobs report. All of this can easily be found at the Bureau of Labor Statistics web page.
Why do these groups -- blacks, Hispanics, young people -- continue to support Obama, when his regime has so obviously been bad for them?
The real Obama record reflects government that is at the service of the professional elites, the business elites, the governmental elites, the union elites, the politically-connected. In other words, middle-aged white dudes.