When Barack Obama was first elected president in 2008, many in the black community thought that they had finally arrived. They would have jobs, their houses wouldn’t get foreclosed on and the sun would shine and the birds would sing and all would be right in the world. They were soon disappointed to find out that Obama’s programs hit them the hardest, the foreclosures kept coming, the light at the end of the tunnel was a freight train and the birds that were singing turned out to be vultures.
By comparison, under the guidance of “racist, white supremacist,Nazi, Fascist” President Donald Trump, black unemployment is the lowest it’s ever been since records have been kept and black businesses increased by an astounding 400%. The high paying manufacturing jobs that Barack Obama said were gone forever are making an incredible comeback under Trump, with many of the jobs going to long-suffering blacks. Illegal aliens are no longer the priority for the White House, Americans are and it shows. It’s no wonder that his approval rating is up to an unheard of 36% among black voters.
Black Enterprise reported:
African American business owners are on the rise. According to the Minority 2018 Small Business Trends survey, the number of black-owned small businesses in the U.S. increased by a staggering 400% in a year-over-year time period from 2017 to 2018.
The new survey, which was conducted by Guidant Financial and LendingClub, interviewed more than 2,600 business owners and aspiring entrepreneurs. It found that 45% of all small business in the country were owned by minority ethnic groups in 2018. This is a dramatic uptick from 2015 when the total percentage of minority business owners was 15%. The largest minority group of respondents were African American at 19%, followed by Hispanic at 14%, Asian at 8%, and Native American at 4%.
Of the African American small business owners surveyed, 63% identified as men and 38% as women. Most fell between the ages of 40 to 49 with 28%, while 25% were between 50 and 59 years old, and 22% are 30 to 39. The research also showed that the highest volume of African American entrepreneurs lives in Texas, followed by Georgia, California, Florida, and North Carolina.
I’ve often said that the economy can never reach it’s full potential until the black community has a chance to succeed and help us grow. Now, we just need to do away with union rules that shortchange inner-city youths by dumping the youngest and most inexperienced teachers into their schools.