For starters, both Ronald Reagan and Barack Obama inherited miserable economies, but they responded very differently. In the 1980s, there was a 40 percent jump in the number of black households earning $50,000 or more. Black unemployment under Reagan in the 1980s actually fell faster than white unemployment. The number of black-owned businesses increased by almost 40 percent, while the number of blacks who enrolled in college increased by almost 30 percent (white college enrollment increased by only 6 percent). There were likewise impressive numbers for Hispanics, who saw similar to higher increases in family income, employment, and college enrollment. The number of Hispanic-owned businesses in the 1980s grew by an astounding 81 percent, and the number of Hispanics enrolled in college jumped 45 percent. Reagan had reduced the number of Americans on food stamps to 18 million. The number of Americans on food stamps under Obama has jumped by 43% since his first year as president. The number of homeless under Barack Obama by his fourth year was double the number under Reagan. A study by the National Alliance to End Homelessness, titled “State of Homelessness in America 2012,” listed 636,017 homeless. Unlike Reagan’s reelection, the press was completely silent in associating Obama with the homeless during his reelection. It was a non-issue.
Posted on: Thu, 05 Jun 2014 16:07:24 +0000
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