Friday, March 26, 2010
Recession And Its' Economic Impact On Black America -vs- White America
"Raw And Uncensored Political Views Explored"
My friends in this post I want you to consider these figures that have been in the works, and continue to escalate to this very date regarding the impact of recession on Black America -vs- White America: Recessions hurt. And they hurt the poor and socially marginalized populations the most. As we faced the prospect of the second recession of the decade and considered the merits of various stimulus packages, it was useful to examine what a recession would mean for black America.
Consider these additional costs associated to this jobs question posed in this discussion. Associated with the strong economy of the 1990s, there were significant declines in the black violent crime rate and the black teen pregnancy rate. Between 1993 and 2001, the black violent crime rate declined by 60%. Between 1990 and 2004, the black teen pregnancy rate declined by 46%. These improving trends have ended, and it is likely that the worsening economic conditions of African Americans since 2001 have played at least a partial role.