"President Barack Hussein Obama officially marked the end of the first year of his administration with his State of the Union Address Wednesday night. The First Black President kept his record of doing zero for Black America intact, as he announced a spending freeze which will result in the downsizing of already underfunded federal social services. According to the United for a Fair Economy State of the Dream 2010: Drained report, the national unemployment rate for blacks stood at 16.2 % as of December 2009. Latinos came in at 12.9 % while the rate for whites actually dropped for the second month in a row, to 9 %. The report finds that blacks earn 62 cents for every dollar made by whites, Latinos make 68 cents. Blacks possess 10 cents of net wealth for every dollar of whites, Latinos stand at 12 cents. Last month, ten members of the Black Congressional Caucus demanded that 10% of federal job creation funds be allocated to regions with the highest unemployment rates. This plan was shot down by the president. As a result of the CBC boycotting a key House vote on financial industry regulation, $6 billion dollars was added for targeted job creation, assistance to people facing housing foreclosure and other initiatives.
The conclusion of the State of the Dream report is that targeted job creation programs for communities with the highest unemployment rates is the only way to address the aforementioned racial economic disparities. The findings of the report have been met with deafening silence by blacks who still want to believe in their president and white progressives who participated in an unprecedented grassroots campaign to get Obama elected. Health care reform is dead – the president did not refer to this issue until he was 30 minutes into his speech. The vaunted public option was not mentioned, so the crappy bill that passed the Senate is apparently still on the menu. There were never any discussions during the Health Care No Holds Barred Steel Cage Match between the Democrats and Republicans about the impact of racial health disparities. According to a report by Johns Hopkins and University of Maryland researchers, these disparities cost the United States $229 billion annually, enough money to completely revamp the national health care system. The report finds that people of color are generally in worse health than whites and far more likely to die from a wide range of diseases. Militarism will still be well served by the Obama administration as the spending freeze exempts the Pentagon. The wars in Afghanistan and Iraq rage on, with Yemen and Nigeria possibly being added to the mix very soon."
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