Black Money and Black Wealth, made simple

Black wealth, African American money: the future for Black America

African American Money: Black Communities Have Double white unemployment Rate

Storefront after storefront are closed and buildings are boarded up and falling into disrepair in Selma.

To cross the Edmund Pettus Bridge into Selma is to share a stage with history. And these days, it is to come face-to-face with a bleak present.

Storefront after storefront is closed, and many of the buildings in the famous photos from the days of the historic March 1965 events have fallen into disrepair.

"It is very depressing," Selma Mayor George P. Evans tells us during an evening walk down Broad Street in downtown. "People are not buying. People are not spending. Businesses are going out of business."

This is the heart of Alabama’s "Black Belt," and Selma is a reminder that a recession that has punished so many across America has hit hardest in places that were already struggling.

"A double whammy," Evans says. "It does seem to be those cities with the largest population of minorities that has taken the biggest hit."

 

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May 17, 2009 - Posted by | Uncategorized

1 Comment »

  1. I posted my analysis of the stimulus today, along the same tack as yours.

    I would argue that regardless of race, if you do not live in the Metro DC area and/or work have no desire to be a federal employee, there is not much of a stimulus where job growth is concerned. . .

    Comment by wilsonrofishing | May 17, 2009 | Reply


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