Thursday, August 1, 2013

Whites feel like they're getting crushed in the new public-sector based economy; blacks,immigrant minorities, continue to gain

From Eric Dondero: 

Pretty amazing that ultra-liberal, biased against individualism and traditional work ethics, the Associated Press, reports that whites in America are experiencing a steep decline in the economy, in contrast with blacks and Hispanics. 

 NewsMax reports from the AP, "Optimism of Whites in US Lags Blacks by Big Margin":
The Associated Press-NORC Center for Public Affairs Research analysis shows that after years of economic attitudes among whites, blacks and Hispanics following similar patterns, whites' confidence in their economic future has plummeted in the last decade. 
Blacks and Hispanics, meanwhile, have sustained high levels of optimism despite being hit hard in the recent recession. Blacks and Hispanics diverged sharply from whites on this question following Obama's election as the nation's first black president in 2008. Economic optimism among non-whites rose, while whites' optimism declined. blacks' optimism since Obama's election was on average 39 percentage points higher than whites' assessment of the country's direction. 
That represents a reversal from earlier in the decade, when white optimism exceeded that of blacks by an average 18 percentage points.
William Julius Wilson, a Harvard professor who specializes in race and poverty... says while blacks have the "powerful symbolic effect" of Obama's election, non-college whites have no such "positive subjective feelings to offset or blunt their frustrations." 
The economically anxious include Eugene Lester, a 12-year mining employee in the white working-class community of Buchanan County, Va. While jobs were plentiful in the 1970s and 1980s, federal policy has since made it harder for coal-producing areas like Buchanan to stay afloat, he said. (Emphasis added.)
The county has a poverty rate of 24 percent. "It's scary as hell; I'm afraid every day to go out to work and not have a job," said Lester, 35, a father of two young children. "I remember when I was growing up, my dad, he could quit a job this morning and be working on another by 12:00." But now, "the economy around here, if something doesn't happen soon, the economy's over."
We whites don't have role models? Sure we do. Our political leader for 2016? Marco Rubio. Err... he's an Hispanic guy, but a "white Hispanic" we think? 


jimmyjones5 said...

What an incredibly misleading headline. Whites have less optimism. Optimism. None of what is in this entry says that they are actually worse off.

Eric Dondero said...

Jimmy, you were right. I was a bit rushed this morning. Sorry. Went back and re-read it. And I changed the headline to more accurately reflect the article.

jimmyjones5 said...

You need to change the last half also.

Eric Dondero said...

No, I do not need to change anything further. The headline is now completely accurate.

jimmyjones5 said...

Blacks and minorities don't continue to gain. They continue to gain optimism.

Chuck said...

Blax continue to gain? Gain what?