[Although I know it will make no difference to anybody, I feel oddly compelled to write about this.]
The late President Ronald Reagan’s son Michael claims his father was “better” for African-Americans than President Obama is. He reasons:
“Under Obama, black unemployment rose from 12.6 percent in January 2009 to 16.0 percent today. This means that black unemployment has increased by more than one-fourth since Obama took office.
And the Reagan record? African-American columnist Joseph Perkins has studied the effects of Reaganomics on black America. He found that, after the Reagan tax cuts gained traction, African-American unemployment fell from 19.5 percent in 1983 to 11.4 percent in 1989.”
Alright, this practically refutes itself. He is comparing two years of a deep downturn in the business cycle (a recession) under Obama and from which we only started recovering in summer 2009 to six years of a recovery from a (milder) recession which ended in late 1982. (He could have at least started from the beginning of Reagan’s term for a better comparison.)
It seems to me fairly obvious that these statistics regarding African-American employment are nothing more than the products of broad economic trends, rather than the outcome of a particular policy on the part of either President.
It’s a pet peeve of mine that the President, whoever he happens to be, always gets undue credit or blame for the fluctuations in the business cycle which he cannot come even close to fully controlling.