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How Those Who Re-elected President Obama Are REALLY Doing? September 9, 2013 11:59 AM | Tagged as Racial divide

WSJ Sept. 3, 2013 Page A13: “Obama’s Economy Hits His Voters Hardest” by Stephen Moore

Who re-elected the President?  Here’s the demographic breakdown:

  •    Youth -- 60% for Obama
  •    Single Women -- 67% for Obama
  •    Blacks -- 93% for Obama
  •    Hispanics – 71% for Obama
  •    Those without HS Diploma – 64% for Obama

So…how are they doing in the Obama economy?

After three decades of increased prosperity for these groups, here’s the data since 2009:

  •    Single Women – Incomes down, 7%.
  •    Single Women under 25 – Incomes down, 9.6%
  •    Black Heads of Households – Income down, 10.9%. Unemployment, up to 12.6%
  •    Hispanic Heads of Households—Income down, 4.5%. Unemployment, up to 9.4%
  •    Heads of Households with no HS Diploma – Income down, 6.9%. Unemployment, up to 11%.

Compare these data with Reagan/Clinton expansion. From 1981 thru 2008, the income gains were:

  • Black women – 81%
  • White women – 67%
  • Black men – 31%
  • White men – 8%

In other words, the disparity between racial wealth (insert: well being) has gotten much worse under President Obama than any time in the past three prior decades. Progress has stopped in this important area, inspite of what the President promised.

Never before has an electorate not voted their pocketbooks. Ain’t it a wonder what a fawning media can do when they want to sway the mood of the country?

[The Biz Bucks Blog is primarily written to former students of Biz Bucks training courses to encourage their daily reading of the three opinion pages of the WSJ. Reading these pages refreshes principles of Biz Bucks courses and improves business acumen on topics not discussed in Biz Bucks training.]

Posted By The Biz Bucks Guy
Posted in Capitalism, Demographics | 0 Replies

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