For Ethnic Communities, a Year of Stimulus Not Enough

By New America Media, Commentary, Aaron Glantz, Posted: Feb 20, 2010

It’s been a year since President Barack Obama signed the $787 American Recovery and Reinvestment Act, better known as the stimulus package. The largest public investment in America’s infrastructure since the Great Depression, Obama called it “the most sweeping economic recovery bill in our history.”

But a year later, many Americans are still hurting. And while the Labor Department reports the unemployment rate for whites has begun to fall (to 8.4 percent in January), it continues to rise for ethnic minorities. For African Americans, it is 16.5 percent and for Latinos unemployment is 12.6 percent.

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1 comment:

  1. I'm still waiting for the change and the up-turn of the American economy. When the unemployment rate is 10% in the state I live, Ohio, something is seriously wrong.