Signs of declining economic security
Posted by Rocky_Road 11 years, 5 months ago to Economics
"For the first time since 1975, the number of white single-mother households who were living in poverty with children surpassed or equaled black ones in the past decade, spurred by job losses and faster rates of out-of-wedlock births among whites."
"It's time that America comes to understand that many of the nation's biggest disparities, from education and life expectancy to poverty, are increasingly due to economic class position," said William Julius Wilson, a Harvard professor who specializes in race and poverty.
He noted that despite continuing economic difficulties, minorities have more optimism about the future after Obama's election, while struggling whites do not."
So,I wish to add that in Ayn Rand's "Last Public Speech"...during the Q&A at the end...someone asked her.. how can we best help the poor?
Ms. Rand's answer: By not being poor.
We seem to have forgotten that "Charity begins at home."
As it is, the Middle East holds our economy hostage...literally.
“I am for free commerce with all nations; political connection with none; and little or no diplomatic establishment”
George Washington
Now I know the world has changed, but our acting like the lone ranger coming to the rescue for every third world hiccup has not brought us or them any lasting peace or prosperity.
I say leave them to sort things out themselves and if they attack us then unleash the dogs of war without limit. Otherwise stay out of it.