A new study shows that Black people have faith that the future of the economy is going to be better:
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.
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.”
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?
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.
This week, SBPDL: Year One will be released (finally) in book form. Could a more appropriate time for its arrival be found then now?
Consider that the federal government, long an over-employer of Black people (see the TSA and virtually every other government agency that employs a disproportionate amount of Black people and has helped create an artificial Black middle-class), has reached a point where the tax payers — overwhelmingly white people — are finally fed up with paying for an out-of-control Leviathan on the Potomac.
What better organization to display minority malfeasance then Freddie Mac and Fannie Mae. Once the home of Franklin Raines — the first Black CEO of a Fortune 500 company — the government sponsored backer of mortgages received a blank check to operate after it collapsed due to the pressure of the minority mortgage meltdown of 2008.
No organization better articulates the dream of what Black Run America (BRA) hoped to accomplish then Freddie and Fannie Mac. It’s collapse is another sign that BRA is nearing its finality:
Dialing back government support for District-based Fannie Mae and McLean-based Freddie Mac could have far-reaching implications for minority financial professionals in the Washington region.
Not only are the mortgage finance giants two of the largest employers in the area, with a total of 10,000 workers, but many of those positions are held by people of color. Were the government-sponsored entities (GSE) eliminated, as the Obama administration is proposing, that may leave thousands of these professionals looking for a place to land.
“The private financial industry has not historically been as open to minorities as the GSEs,” said Anthony P. Carnevale, director of the Georgetown University Center on Education and the Workforce. “I don’t know why we would expect the private sector to hire as aggressively, first of all locally and second of all in the minority community, as Fannie and Freddie have.”
The mortgage twins are widely considered progressive in their hiring practices, routinely recognized by publications such as Black Enterprise and Working Mother for efforts to recruit and retain ethnic minorities and women. Both entities have especially been lauded for their continued commitment to these practices throughout the downturn.
Indeed, despite several rounds of layoffs at the companies in the past few years, they have largely maintained diverse staffs. At the close of last year, nearly 50 percent of Fannie’s employees and 44 percent of those at Freddie were minorities.
“We’ve made employee cuts in several areas, but we have also increased in others. As such, the total employee figure has remained roughly the same throughout conservatorship,” said Douglas Duvall, a spokesman for Freddie Mac. “We are constantly assessing our business to ensure that our personnel and resources match the needs of the marketplace.”
The GSE’s have been grooming grounds for many minority professionals in the financial service industry, who routinely have gone on to work at other capital markets institutions.
A question of timing
Fannie and Freddie are, in many ways, the lynchpins of the Washington area’s burgeoning financial service sector, which has grown into a major hub for the secondary mortgage market, banking and asset management in recent years.
From 1999 to 2005, the Greater Washington Initiative estimates that the number of business and financial service workers in the area grew 5.2 percent, compared to the national average of 3.3 percent. The marketing and research arm of the Greater Washington Board of Trade predicts the region will need roughly 58,000 more of these types of workers to maintain the anticipated growth of the sector.
In a sane world, the work of Steve Sailer and his analysis of the minority mortgage meltdown would be on the front page of The Wall Street Journal, Forbes, Fortune and Bloomberg Businessweek. In a world governed by Black Run America, it is relegated to Vdare, Takimag and Alternative Right.
That an organization failing so publicly like Freddie and Fannie Mac would cause people to bemoan that minority employees will be hurt if they go under can state this with a straight face — obviously these minority members had something to do with the collapse of each, right? — tells you all you need to know about the United States.
When a private company fails the blame falls on the employees and the leadership of that firm. When a government entity fails in Black Run America (BRA) the blame falls on anyone except the over-representation of Black employees within that tax-payer funded organization.
The end of BRA means the end of coddling Black people in America. Decreasing the size of the federal government means rolling back programs that benefit Black people and Black people only, like Fannie Mae and Freddie Mac.
You ever wonder why housing prices are high in some areas that we call Whitopia’s or areas where Disingenuous White Liberals (DWLs) live — like New York City, San Franciscoo and Portland? To price out unwanted minorities.
These government backed organizations were in the business of improving minority rates of home ownership, which ultimately backfired and plunged the world in the chaos we have yet to emerge from, and strangely, will be that government’s — if we understand that government to ruled by the tenets of BRA — undoing.
This was the goal of Freddie Mac and Fannie Mae, to improve minority rates of home ownership above that of everyone else (at the expense of the majority population of America, whites). Credit be damned!
That is the goal of Black Run America, to provide for minorities at the expense of the majority population of America, whites. It wasn’t racist banks that brought about the collapse of the world economy. Steve Sailer said it best; it was a combination of fraud, stupidity and in the words of SBPDL, a complete devotion in BRA’s omnipotence.
It’s ending before our eyes; BRA that is. The collapse of Freddie and Fannie is just the beginning.
Black History Month Heroes: Persephone in “Percy Jackson and the Olympians: The Lightning Thief” and Guinevere in BBC’s “Merlin”
(Editors note: I know not everyone enjoys Black Fictional Month Heroes, but there is a reason we do them. Also, the publisher of the book will be sending me the link for where to purchase SBPDL: Year One. As soon as it is available on their Web site, it will be available on Amazon.)
Think about why there was an uproar over Thor for one moment. You remember that media firestorm right? We wrote about the movie Thor back in April of 2010 and pointed out the oddity of a Black guy cast as a Norse God.
Months later a Boycott Thor Web site was created that brought media attention to the oddity of white people coming together to voice concern over the portrayal of Norse God as a Black guy. Black people, who complained about the casting of Angelia Jolie as Cleopatra and, well, complain about almost everything else that involves a clash of different races in America and the inevitable metrics showcasing Black failures that such an encounters inevitably produce, should be overjoyed that Idris Elba was cast as Heimdall.
|Persephone was Greek, right? So why is she Black in Percy Jackson?|
It was a horrible year for Black people at the movies in 2010 and adding a Black guy to the pantheon of Nordic Gods makes perfect sense when you factor in Hollywood’s fanatic goal of creating fictional Black heroes (like the ones we profile here) that sadly lack real world counterparts.
That a nation once existed – just watch Turner Classic Movies (TCM) – that didn’t apologize for being white strikes one who can see as an ethereal thought when you consider that Black Run America’s (BRA) Department of Education mandates the teaching of Black students that every failure of their race is due to white racism and that every evil in the world is courtesy of nefarious white people; that myths once existed that grounded a certain people together creating an immutable bond to the past, present, and future is a thought so extreme that these myths must be purged or sanitized for a more diverse audience.
Hence the need to include Morgan Freeman in 12th century England in Robin Hood: Prince of Thieves the portrayal of Friar Tuck as a Black guy in the BBC’s recent Robin Hood production. Though England had virtually no Black people 50 years ago (and a non-existent crime rate), the future of the once great United Kingdom must have a past that is palatable to the Black people who now reside there.
That the people behind Thor would dare cast all of the Nordic Gods as – God forbid – white people isn’t conducive to the new myths that must bring together the diverse people that now reside in Western Europe and America.
Movies and television represent the shared culture of modern America now, bringing the intellectual proclivities and progressive mindset of New York City and Los Angeles to areas of the country that consider both places synonymous with Sodom and Gomorrah. These areas imbibe this culture nevertheless, just as the British people joyfully drink from the culture cup that the BBC in London provides them.
Few people even complained that the recent BBC adaptation of Merlin cast a Black girl as Guinevere. Angel Coulby is that Black girl and though England was home to an all-white population when the Arthurian legend was purported to have transpired, rare is the eye that publicly bashes at such inaccurate castings.
|Wait… Guinevere is Black? Weren’t all the ancient Britons white?|
These myths have the misfortune of being created by a distinct people, a homogeneous people. That Black people were absent during the original telling of these myths is an unfortunate fact rectified by those pushing an agenda of affirmative black-tion.
Joseph Campbell, the author of Hero of a Thousand Faces, studied mythology his entire life and was curiously quiet about the myths that are indigenous to Africa. In a way, one can look at the novel of Alex Haley and the subsequent production of Roots as a creation of new myths.
Movies represent an avenue where new myths conducive to the ruling ideology espoused by BRA can be easily disseminated to an unsuspecting public. This is why Black Fictional Heroes play such an important part in creating that myth and ensuring that it endures.
Fealty to Black people is the new American way. Those who transgress from this mindset are straying from the intense devotion to the mythology of white guilt that creates this desire to placate Black people at every turn.
Even the Tim Burton remake of Willy Wonka was attacked for lacking Black characters. The myths of old are restrictive to a certain people; the myths in BRA must be inclusive to everyone.
Persephone (clip from movie here) and Guinevere, two iconic characters from white mythology have been freed and in a recent movie and TV show cast as Black women. That any white person dare raise their voice over these castings is a sign of revolt; that thousands of voices said “what the Thor?” to the casting of Heimdall as a Black guy is a sign that something is rotten in BRA.
Black Fictional Heroes include the Persephone and Guinevere, as cast in Percy Jackson and Merlin respectively. Don’t Black people have a myth or two that they wrote down (wait, Black people in Africa rarely recorded their myths for posterity) that could be the basis for a movie?
No? Why is that? What are the great Black myths (besides these inventions)?