INCOME STATISTICS FOR BLACK FAMILIES WORSENED DURING OBAMA ADMINISTRATION

“ . . .   if one is going to use[President Barak] Obama as an example of a president’s symbolic import, it seems only reasonable to acknowledge that his administration has coincided with the most drastic decline in the economic fortunes of African-Americans since World War II. In 2009 when Obama took office, the black poverty rate was 25.8 percent, and by 2014 it had risen to 26.2 percent. Between 2010 and 2013, the median wealth of white households increased by 2.4 percent, while black families’ median net worth declined by 34 percent. By any metric you care to mention — home ownership rates, unemployment rates, incarceration rates — the quality of African-American lives has either remained the same or sharply deteriorated during Obama’s time in office.”

Zoe Heller, Hillary & Women,” a review in the New York Review, April 7, 2016, pp: 14-18 (16).