Despite severe losses during the recession, the majority of African-Americans see the economy improving and are confident that their financial prospects will improve soon.The technology generation is going to make things better? That technology generation that searches in vain for Black computer programmers and employs virtually no Black people in Silicon Valley? That's the future of the great technological Black renaissance?
That optimism, shared to a lesser degree by Hispanics, stands in stark contrast to the deeper pessimism expressed by a majority of whites. In general, whites are more satisfied with their personal financial situations but also more sour about the nation's economic prospects.
Those are among the findings of a new Washington Post-Kaiser Family Foundation-Harvard University poll that probed attitudes in the wake of a downturn that more than doubled unemployment and wiped away nearly a fifth of Americans' net worth.
African-Americans and Hispanics were more likely to be left broke, jobless and concerned that they lack the skills needed to shape their economic futures. But they also remained the most hopeful that the economy would soon right itself and allow them to prosper.
"Things are stuck in place right now," said Faye Brown, an African-American retiree from Detroit who said she has burned through her savings and watched the value of her home erode by $24,000 during the downturn. "But the newer generation -- the technology generation -- is going to make things better."
We wrote about this subject before (Black misplaced optimism for the future) and people need to realize that the Black middle class is largely an artificial creation thanks to affirmative action and government jobs. This isn't going to last forever.
As a nation, the productive class can mask and cover up incompetence for only so long before the weight of diversity causes the entire system to buckle. We have seen glimpses of what is coming in Atlanta and Detroit.
The closing of schools in Detroit will be met with protests, just as the closing of schools in DeKalb County was greeted with Black anger. Black people in Memphis are watching their school system collapse and desire a merger with the white school system. The refugee camps (suburbs) of Memphis boast great schools, devoid of low-scoring Black students; a merger would mean more private schools for whites and, of course, white flight.
Black Run America (BRA) is collapsing. School systems can no longer afford free breakfast or lunch programs that go disproportionately to Black students. If you rely on tax dollars to fed your child, don't have them.
Programs such as food stamp EBT cards, WIC checks, subsidized housing vouchers, free school breakfasts and lunches, and AFDC checks have created an entire class of people (disproportionately Black) that rely on the charity of the federal (and state) government.
Study after study after study after study after study after study shows that Waiting for Superman is a task that is reminiscent of Waiting for Godot. And yet positive vibrations for the continued, sustained transfer of wealth despite an onus on barbershops for employment flow through the Black community.
A reliance on white tax dollars has ensured the proliferation of the Black underclass, whose behavior EVERYONE is afraid to condemn.
Imagine if those white people (95 percent of teachers in Wisconsin are white, which is 10 percent more than the national average) protesting in Wisconsin were federal government employees of an agency in Washington D.C. - like say Freddie Mac or Fannie May - that was about to see significant job cuts.
Black people are disproportionately employed by the federal, state and local governments. Such a bloated bureaucracy can't last forever. Imagine what will happen when teachers in Detroit start protesting job cuts.
We will see a massive Black riot soon in the United States.
The crisis in the Middle East will cause oil to spike to around $150/ a barrel, maybe higher. People who have fled diversity for Whitopia's will no longer have that luxury.