Recession hit minorities much harder than whites, report says

Orlando Sentinel ^ | July 26, 2011 | Kate Santich

[ConservativeStatement]

The Great Recession may have affected Americans from all walks of life, but it took a dramatically lopsided toll on the personal wealth of blacks and Hispanics, erasing many of the gains made over the past two decades, a new report shows.

The report, released early Tuesday by the nonpartisan Pew Research Center, found the median wealth of white households at the official end of the recession in 2009 was 20 times that of black households and 18 times that of Hispanic households — the biggest gap since the U.S. Census Bureau began collecting such data a quarter century ago.

[ken21]

how could that be?

we have black president who is so intelligent and economically literate.

/s

[SanFranDan]

Just think when the freebies go away after January, 2013. Horrible /s

[Red Badger]

Women, children, minorities, homeless and the poor hardest hit....................

[Tax-chick]

They voted for it.

[Principled]

Well then it’s clear that minorites MUST want 0bama out.

[ConservativeStatement]

I know a few white people who have been told this over the years: "Since I am a professional, it has been very difficult to find a job because all the places where I applied told me I was overqualified," said Arroyo, who has a bachelor's degree in business administration. "You do not see the same treatment for Hispanics as for the [non-Hispanic] Americans. We knock at many doors, and they do not open for us."

[FlingWingFlyer]

Well, they elected the Kenyan. They need to deal with it.

[Red Badger]

Arroyo?.................means dry ditch.............

[Joe Brower]

Well, it's always minorities that suffer the most, no matter what the trauma du jour may be.

And the solution, of course, is always to give them more of whitey's money.

[BitWielder1]

If this does not prove that redistribution of wealth does not work, then what will?
The 'rich' and middle class got robbed, trillions of dollars were squandered and the poor are worse off than before.
And the left want more of this?

[MNDude]

but what’s the value of those Cadillacs with those bouncy wheels?

[ZULU]

Guess they will have to live with that change they helped put in the White House.

[swamprebel]

b/s article, the gas pump charges everybody the same price.
What I have observed is many who thought after electing Obama, they could do nothing and prosper. This was not true before Obama, and it still is not true.

[Steamburg]

Women, children, minorities, homeless and the poor hardest hit....................(By Obama’s dreams of becoming world dictator!)

[ConservativeStatement]

Something similar to this?

http://www.youtube.com/watch?v=P36x8rTb3jI&feature=related

[jpsb]

I just don't trust these stats, these days I am poor, but since I own my home I would be counted as rich. BS, all this stat is saying is that minorities lost most of the houses in the sub-prime. Which makes sense since most of the sub primes were to minorities, by design!

[JLAGRAYFOX]

Hey, minority folks, out there. Quick question, “How’s that Obama Hope & Change working for you??? Please learn some some honest fact right now!!! POTUS Barack Hussein Obama has been and is your worst nightmare and enemy!!! The sooner you folks come to terms with that, the better off you will be!!! Becoming economic slaves of Obama and the Democrat Party is no way to move forward for yourselves and your children to come!!!

[swamprebel]

ahh yes, exactly! And this gut too...
http://youtu.be/vY84fF2hzhY

[swamprebel]

ahh yes, exactly! And this guy too...
http://youtu.be/vY84fF2hzhY