Recovering Opportunity

This week President Obama promoted his much-needed economic recovery package in a prime-time news conference and a trip to economically depressed Elkhart, Indiana, where the unemployment rate has topped 15%. Cities and towns like Elkhart are bellwethers for where the nation as a whole could be headed without swift and bold governmental action.

As the President said in Elkhart, “That is not only our moral responsibility - to lend a helping hand to our fellow Americans in times of emergency - but it also makes good economic sense. If you don't have money, you can't spend it. And if people don't spend, our economy will continue to decline.”

There’s another bellwether even closer to home for the nation’s first black president. Unemployment among African Americans rose in January to 12.6 percent, nearly double the current, already high rate of unemployment (6.9 percent) for white Americans. African Americans struggled throughout the 1960s, ‘70s, and ‘80s to gain equal access to manufacturing jobs, only to see those jobs evaporate with the advent of globalization. With the weak economy, their inroads into other sectors like education, healthcare, and construction are faltering as well.

Read the entire post on Blog for Our Future...

Also, Propublica.org has a helpful comparison of the House and Senate Recovery Bills...