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In 1930, the unemployment rate among African Americans was lower than it was for whites. That's right, at the height of the Great Depression, blacks were more likely to be employed than whites. 1930 was also the last year that we saw that happen.
President Obama and the news media have attempted to create a narrative that points to a “broken” political system as the underlying cause for our economic depredations. Yet this argument deliberately disregards the reality that the American people voted for divided government as a stopgap against unbridled government intervention into the free-enterprise system—and the unintended consequences that have exacerbated economic problems.