The recession is the racial division

What do you get when you combine the worst recession since the Great Depression, with the first black president? Increase white racial resentment, loosely disguised as a populist revolt. Included in an article on the Fox News Web site has produced the theory that health is a stealth version of reparations for slavery, white people will pay the bill, and a mechanism sensitive to blacks of all care received. President Obama, in these fantasies is a dictator, and a single image, between anti-tax put into circulation, anti-"parts of tea's health, is also African medicine man presented with small feathered teeth his nose. If you go as a white middle class has done for some years, it's too easy to imagine that someone else, why get on the meaning of your complaint back.Despite white, but black ones are taking the weight of recession, with seizures disproportionately and high unemployment. And there have been so good to begin with. At the beginning of the recession, 33 percent of the black middle class is already in danger of a lower economic level, according to a study of the Institute for Arts and Politics Social at Brandeis University and Demos, a non-partisan policy research service. Unable to perform Translation:invalid textIn fact, one could say that, for African-Americans, the recession ended. She came between 2000 and 2007, the black and employment by 2.4 percent and revenues by 2.9 percent. During these seven years lived in a third of children blacks in poverty, unemployment, and black - including university graduates - are running consistently at about twice the white unemployment rate. Unable to perform Translation:invalid textWho was the recession black. What is happening today as more of a depression. Nauvo and James, a middle-aged African American couple living in Prince Georges County, Maryland, who asked that her surname not be published, never recovered from the recession first time since the '00s, as the second track. Nauvo in 2003 was rejected by a $ 25-an-hour jobs administrative Aetna, and in 2007, actually at $ 10.50 an hour working for a car rental company. James has had a steady job that operators of the construction of a physical connection, but both could not earn enough to save the programs of predatory lending. Unable to perform Translation:invalid textThey paid a dining room set at $ 524 credit from the furniture store Levitz bought when he left the company and its debt rose to explain how it was sold by a creditor to another. The couple then spent a total of 3,800 dollars to pay two and a lawyer to commit a lot of credit rating. But they had to refinance their homes - and not just once, but with a number of mortgage banks. Now they face foreclosure. Unable to perform Translation:invalid textNauvo, who is 47, has since seen its pressure rising, and James was 56, palpitation developed. "There is no middle class, says," just a top and bottom. Unable to perform Translation:invalid textLong before the middle of work or whites have fundamentally similar ways: the dismissal or reduction of working hours, the pitfalls of credit and increased debt row, the lost homeland. But one thing is different oppressed African-Americans as a group with a legacy of discrimination in hiring and lending is less likely than whites to be cushioned against the shocks of rich parents and a good match savings accounts. In 2008, at the height of the recession, had the African American family genre, just a penny for every dollar of wealth in the hands of the typical white family. Only 18 percent of blacks and Hispanics had their retirement accounts, compared with 43.4 percent of whites. Unable to perform Translation:invalid textRacial imbalance in this recession since the early characterized. Wall Street's reckless infatuation with the subprime crisis on world financial collapse of 2007, home values and 401 (k) depleted LED 's Beach Race. People of all races and led the variable interest rate subprime loans, but also high-income blacks were almost twice as likely to result in loans for the purchase of subprime home to low-income whites - even when you are qualified for mortgages, even if they offered the payments. Unable to perform Translation:invalid textAccording to a report in 2008 by the Kingdom of a fair economy, a research and advocacy group, from 1998 to 2006 (before the subprime crisis), blacks lost $ 71 billion to 93 billion dollars in home value of wealth subprime loans. The researchers called this disaster wealthy family of the greater loss of wealth in recent history for people of color. "And the worst was yet to come.