New America Media, Commentary, Aaron Glantz, Posted: February 20, 2010
It was one year ago that this week that President Obama signed the $787 billion American Recovery and Reinvestment Act, better known as the stimulus package. It’s the biggest investment in our country since the Great Depression, but in this commentary I show how for most of us, a year of stimulus is not enough.
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.
And the reasons for these disparities lie at least in part in the unfair and unjust way the stimulus package has been implemented.
Read rest here.
[The WORD is a member of the NAM Ethnic Media Association]
Tags: New America Media, Obama, stimulus package
This entry was posted on Saturday, February 20th, 2010 at 12:45 pm and is filed under Ethnic News, I Didn't See This on the Evening News (A Work in Progress), Journalism, Journalism Education, New America Media, News/Commentary/Opinion. You can follow any responses to this entry through the RSS 2.0 feed.
Both comments and pings are currently closed.
For Ethnic Communities, a Year of Stimulus Not Enough
New America Media, Commentary, Aaron Glantz, Posted: February 20, 2010
It was one year ago that this week that President Obama signed the $787 billion American Recovery and Reinvestment Act, better known as the stimulus package. It’s the biggest investment in our country since the Great Depression, but in this commentary I show how for most of us, a year of stimulus is not enough.
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.
And the reasons for these disparities lie at least in part in the unfair and unjust way the stimulus package has been implemented.
Read rest here.
[The WORD is a member of the NAM Ethnic Media Association]
Tags: New America Media, Obama, stimulus package
This entry was posted on Saturday, February 20th, 2010 at 12:45 pm and is filed under Ethnic News, I Didn't See This on the Evening News (A Work in Progress), Journalism, Journalism Education, New America Media, News/Commentary/Opinion. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.