How Bad is the Recession on Black People?

December 30th, 2008 43 Comments 4384 Views

Posted by Bossip Staff

The recession has made the “D” a very cold place to call home for many African Americans. Black auto workers are searching for new methods of income with the employment statistics being as tragic as they are:

DETROIT — Since millions of African-Americans began leaving Southern farms for Northern factories nearly a century ago in what is still known as the Great Migration, the destinies of many of them have been entwined with the auto industry’s. The car companies were hardly multiracial utopias, but they, especially Ford, employed blacks when many industries would not. Through the decades, the automakers and their higher wage scales provided a route to the middle class for many blacks, especially those with limited education, and their children. Now, with Detroit reeling, many blacks find their economic well-being threatened. By last month, nearly 20,000 African-American auto workers had lost jobs, a 13.9 percent decline in employment, since the recession began last December, according to government jobs data analyzed by the Economic Policy Institute, a liberal Washington research firm. That compares with a 4.4 percent decline for all.

All of us need to hope and pray for the sisters/brothers in Detroit to hold on. With that being said, only one man in history has been able to turn water into wine, and boy, do we ever need him to take the wheel right about now…

Source

Follow @bossip on Twitter Right Now!!!

« Who Cares About Talent?

Yeezy’s Rebuttal »

Comments

43 Responses to “How Bad is the Recession on Black People?”

Hannibal

12/30/08, 12:31:pm

…

Hannibal

12/30/08, 12:31:pm

THE IS OBAMA’S FAULT

Hannibal

12/30/08, 12:32:pm

*THIS*

BlackLadyDoctor

12/30/08, 12:43:pm

Please find a sense of humor.

Anyway, SOME Blacks and the rest of IMPOVERISHED and middle cl***** America are having a bad time right now. This is what happens when the 1% who control the world wanna make a major change.

Invest in organic food and clothing PEOPLE! Bossip you are a race baiting group. However, I realize this is the job your MASTERS pay you to do. Carry ON!

Ms Christine

12/30/08, 12:44:pm

Hanni baby, you need to read more into this. Bush started this disaster and Mr. Obama is left holding the broom.

http://www.Moveon.org Check it out!!!

BlackLadyDoctor

12/30/08, 12:45:pm

*Invest in stock for organic food clothing*

Hannibal

12/30/08, 12:47:pm

@MS CHRISTINE

BUSH STARTED THIS AND BARACK WILL CONTINUE IT…

Proud ArmyWifee

12/30/08, 12:50:pm

Yes we need to seek Jesus and ask him for help matthew 6:33

PhillyGrownWoman

12/30/08, 12:55:pm

somebody better take the wheel

Ele

12/30/08, 13:16:pm

The economic issues in this country is NOT a black or white thing. We all are suffering.

iluvprada

12/30/08, 13:17:pm

@ Hannibal…ye have little faith!

GrownWomen

12/30/08, 13:18:pm

Seriously guys- we are ALLLLL in a bad place right now. The recession has hit everyone not just African Americans. Lets me serious here. Get over it.

Raquel26

12/30/08, 13:19:pm

Our government and those affiliates who are beneath them will continue to make decisions (w/o the taxpayers consent nor input) based on what will look good for them. We are used as *****s in this game and the more and more we cry and dont do anything about it, the more they will cut jobs, cut health care, cut hours, cut wages, etc…

It’s all to help out the bigger picture.

Which doesnt include us.

Raquel26

12/30/08, 13:23:pm

@Ele: Treu, its not a black and white thing, but white men have caused this economy to downslide because of their greediness as well as lending money to people who couldnt afford to pay it back.

Why should I have to help pay because you decided to approve a loan for 200,000 and the person’s salary was only 60,000? Thats not my fault.

But I agree that we are ALL suffering from this.

It’s definitely turning into the HAVES and the NAVE NOTS.

~Nicole~

12/30/08, 13:24:pm

@ Everyone

It’s funny how bossip only points out brown toned folks. Brown toned people are not the only people suffering from this recession, EVERYONE IS!!!

tia

12/30/08, 13:50:pm

what is star jones doing in the front of that line?

Encyclopedia Brown

12/30/08, 13:50:pm

Hannibal how much does Bossip pay you?

iluvprada

12/30/08, 13:51:pm

CO-Sign!…everyone is suffering!

bogman1

12/30/08, 13:53:pm

Jacky Jasper’s
2008 Top 10
American House *****s

http://diaryofahollywoodstreetking.com

MissBK

12/30/08, 13:54:pm

tia

what is star jones doing in the front of that line?
_______________________________________

lmao

MissBK

12/30/08, 13:55:pm

I agree with everyone else. Everybodys suffering that’s not upper cl*****. Its a sad thing. Unless u make 100+ grand a year your suffering one way or another its not only affecting the black community.

HERE LITTLE ***** CAT

12/30/08, 14:12:pm

@ Tia
I had to look again….now that’s comedy

I don’t know about y’all, but I’ve been feeling the effects long before they decided to admit it. It’s been times where I had to eany, meany, miney, mo just to see what was getting paid or cut off. This really isn’t new to alot of us but to look at us, you wouldn’t know it. I haven’t been too long realized that I was poor and didn’t even know it. Now that it’s hitting closer to home, they want to do something about it and yell recession and even the other day I heard someone on tv say it’s past recession and on to depression. I may need to start a business to teach the people who think the world is about to end how to cope in certain situations like instead of paying all of something, just pay something on it, or not answering the phome when a bill collector call, or eating oodles and noodles. You know ish that we been doing forever. This is really nothing new to me. I feel like we all are about to be poor and struggling together and that puts us all on the same playing field. Where we go from here is up to us.

PANTHERS ALL THE WAY!

HERE LITTLE ***** CAT

12/30/08, 14:13:pm

Phone

AJ

12/30/08, 14:14:pm

Hannibal-not that bright. How could Obama cause something when he is president elect? Common sense dictates that Bush and everyone currently holding their offices have to do with what we endured the last 8 years. And, conspiracy some might say, as soon as Barack won the gas went down when the Republicans were going out of office. How does that happen?

Pay attention youngin so you can make some sense.

Roe ski Love

12/30/08, 14:18:pm

Instead of giving people advice on investing, I say don’t use credit to make non major purchases. That is the real reason people are hurting. Not having creditors calling you on a regular basis will give you peace of mind. It will also keep money in your pocket and in the bank for real emergencies, like the reccession we are in right now.

Ele

12/30/08, 14:47:pm

@Raquel26-I agree that loans were given out to people that could not afford them, but I still do not think it’s a white/black thing. Congress, govorners, etc (any elected official) was put into office by voters, black, white and other. No one forced anyone making $50K or less a year to accept a loan that they KNEW they couldn’t afford. That falls on that individuals common sense, or lack of. If something sounds too good to be true, logic usually tells you it is.
The blame game does not solve the problem. Blaming the “white” man just doesn’t work anymore. It’s not a white problem or a black problem. We all live in the USA, so it has become everyones problem.
I am married and my husband and I have 4 jobs between us, just to pay our normal bills, and believe me, we do not live in a $200k house.

Lisa

12/30/08, 14:48:pm

I feel you PC…many of us are used to struggling so this whole “recession” is no biggie to us. Heat turned off we get heaters, lights off we get candles, we have made money stretch to make ends meet. I am by no means talking about all of us, because many of us are doing well, but many of us regardless of color are really feeling the pinch. Stores closing, m*****ive layoffs, people losing their homes…dayum, dayum, dayum.

Redd Tony

12/30/08, 15:03:pm

@BlackLadyDoctor======> You better preach!!! hahahahahahaahha

@Ele

Ive been in the Real Estate biz for over five years…I look at it like this on a psycological aspect..When you are a first time home buyer you will sign anything to buy a home, and not know what you are signing. It is the American Dream..right? “Its the biggest investment you can make in your life” right? I beleive that 25% of the blame goes on the homeowner and the rest on the banks. There are people that lied on their loan apps, but on the other hand you had loan officers commiting fraud too. The banks carry the brunt of the responsibilty becuase the UNDERWRITERS approve the loans. Who came up with all of these exotic loan packages, that are still being originated today. In my opionion, all of this chaos was planned. Guess What, the first Great Depression started because of loans and now this so called Depression started because of loans…Its a set up!

Redd Tony

12/30/08, 15:05:pm

I feel the affluent are feeling it a lot more worse than the working cl***** black people, for the simple fact a lot of Blacks dont have 401k’s or IRA, Stocks or Mutual funds to loose..Real Estate to plunder and depreciate…

Jewish Baby

12/30/08, 15:05:pm

blacks need to stick together like the jews

And.....(with 5 dots)

12/30/08, 15:44:pm

There’s talks going on right now to turn the D into a giant plantation. The new economy for the D will be “urban farms”, since the auto industry has gone bust, and now so many Black uneducated folks are out of work.

Boo

12/30/08, 17:04:pm

Yeah…this recession is hitting everyone hard, blacks, white, jews, you name it. Has anyone heard about that $50 billion Bernard Madoff Ponzi scheme that just went down? Lots of wealthy folks are ruined from that investment scheme. It’s hard to say who’s still doing well these days.

Boo

12/30/08, 17:06:pm

Actually, the Jews just got burned from one of their own with that Benard Madoff mess so I’m not to sure about that sticking togetherness.

bossip is retarded

12/30/08, 19:41:pm

yes bossip u are correct shhhh dont tell anybody but the white and spanish auto workers arent being put out of work just the black workers. u didnt hear that from me.
lol btw please doesn somenody remember last month when bossip was making fun of the ceo’s from the big 3 auto companies BEGGING for money form the goverenment from the bail out. and bossip was sayng somehting to the effect of… ha look at these white men beg for a bail out.
what happened to the humor bossip???
bossip research is a major step in the writing process. any *****head can start a site, make that ***** worth it.

BKLYNZ OWN

12/30/08, 22:10:pm

WHAT I DONT UNDERSTAND IS,IF THERES A RECESSION,WHY IS GAS SO LOW.NOT THAT LONG AGO IT WAS LIKE A $100 A BARREL,HOW ALL A SUDDEN THAT ***** JUST DROPPED SO DRASTICLY?

Boo

12/30/08, 23:20:pm

@ BKLYNZ OWN

Supply and demand. When the economy was doing well everyone was driving more, even in third world countries, which drove the price up. Now that we are experiencing a global recession, the demand is down and consequently so is the price.

Think of all the people who now keep their cars parked and catch the train or bus to work. Then, add the millions of people who are now out of work and no longer consumers of gas. It will go up when the economy is doing better again. Trust!

witeshoes

12/31/08, 00:07:am

Why are they so Happy? They smiling like the just hit the lottery!

Creole Baby isa Cash Money Stunna on his 14th Summa

12/31/08, 00:26:am

silly d-listers

DR.FUNK

12/31/08, 00:59:am

A story about NOTHING…from a liberal/socialist source that tries to frame Black unemployment as another example of “victimization”.Nice going BOSSIP.How about a story on the resourceful Black entrepreneurs who find themselves out of a job-but rolling full tilt on a BUSINESS START-UP?! We are fully capable of that you know.In the mean time…know that DUMB***** posts like this score ZERO points.*****ody who’s trynna’ do something in this life wants to rally around your misery flag.
Be positive.

terrelltaxandplanning.com Blog » Has Detroit become the new New Orleans?

12/31/08, 08:00:am

[...] feel this meltdown is sphere headed by the auto industry financial issues, check out Bossip, I mean it is the “Motor City”, 83% of the population is African American and the [...]

Davina

12/31/08, 15:46:pm

And it’s just the beginning…
I co-sign everyone is suffering from the recession

MizCatwalk20

1/2/09, 11:51:am

yeah it’s preety damn bad. Everybody is feeling it, except the uber rich people. Like did anyone see Paris Hilton on tv today spending 184.00$ a minute? They asked her why? She say’s “well um i’m helping the economy” If i had 184.00$ to spend a day, i would be saving every penny of it. These are times that are teaching us materialistic ***** Americans to save our hard earned money, instead of buying the uneeded.