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,...


  1. A very good point to bring up! Not that I believe in class warfare myself persay. of the reasons why the "race discussion" in this country is so tricky and hard to pinpoint and dislodge is because (imhao) it has to do with more things than just race:

    In short, if we are to really have a discussion about race in this country, we're going to have to address all the other outlying threads that are wrapped up in it as well (and as already stated, those oxen are in for a bloodbath).

    I would say that it goes as far back as the founding of this country and that involved the big break from Europe (which the Europeans have never forgiven us for, and likely never will). The Whitman comment is especially pertinent (imhao):

    And yes, I'm not a fan of Mr. Pundit, but this was a good catch back in the day -- credit where credit is due.


  2. Education and taking seriously the value of education is the key to closing the gap.