Friday, March 06, 2015

"It's Good to Be Here Amongst You Rubes..."

That would be an apt opening to the Lightworker's speech in South Carolina today...

..but Bloomberg News felt the need to dress it up a tad more.

(Bloomberg) -- As President Barack Obama travels to South Carolina to speak with black college students Friday, the most recent jobs report highlights an economy in which they’re faring worse than just about every other demographic group.
The unemployment rate for blacks between the ages of 18 and 29 was 16.2 percent in February, about twice that of whites and almost triple the jobless rate for all U.S. adults, according to an analysis of federal data by Generation Opportunity, an Arlington, Virginia-based group for young adults that advocates less government.
The disparity underscores how the nation’s first black president has overseen an economic recovery that bypassed many poor blacks, deepening racial inequality. Somewhat lost in the wake of a damning report on racial discrimination by Ferguson, Missouri, police and on the eve of the 50th anniversary of the march for voting rights in Selma, Alabama, the Obama administration has proposed a flurry of economic and policy initiatives to try to help blacks.


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