Saturday, August 3, 2013

TMR's Dumb & Useless Conversation About Race, Pt. IX

The Right says what they want, blacks think the facts speak for themselves:
Economists say the Great Recession lasted from 2007 to 2009. In 2004, the median net worth of white households was $134,280, compared with $13,450 for black households, according to an analysis of Federal Reserve data by the Economic Policy Institute. By 2009, the median net worth for white households had fallen 24 percent to $97,860; the median black net worth had fallen 83 percent to $2,170, according to the EPI. 
Algernon Austin, director of the EPI's Program on Race, Ethnicity and the Economy, described the wealth gap this way: "In 2009, for every dollar of wealth the average white household had, black households only had two cents."

I don't think in terms of any "wealth gap" but those numbers, if true, are still criminal.

Practically slave wages,...