Black Entreprise African American Business U.S. Economy 2012

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Black Entrepreneur African Americans Better Off with Mitt Romney President

Is the African American community really better off under President Obama? It’s a conversation that we should all have during the upcoming election. Despite what you may hear from the main stream media, the actual U.S. economic data shows that black African American and minority unemployment rates under President Obama remain stuck between 13% to 16.5% ranges. Black owned small business have decreased since 2009 with only ($6 billion) 1.2% of the total U.S. government ($500 billion) procurement going to African American owned businesses. Among young adults age 16 – 19 unemployment has skyrocketed to 40% on average. For women over 20 years of age unemployment is above 10% - 13% (Source: U.S. Bureau of Labor Statics, Feb 2012). Since Obama came into office small business and capital funding has decreased 23% says James Rickman, III Director of iHuman Evolution.com

Based on the facts, Mitt Romney, the former governor of Massachusetts offers a better opportunity for blacks to succeed. As a seasoned business leader, Mitt Romney helped set the stage for the state’s current 7.2% unemployment rate, pretty solid compared to other states. Prior to President Obama taking office, in 2007 black unemployment in America was at 8% historically very low. The price of crude oil was $60 per barrel versus today $102 per barrel under Obama. The cost of food has jumped 6% annually in most U.S. communities. The ability among African Americans to gain affordable high quality education has remained low with record student college loans over $1 trillion debt.

Today, youth in America face overwhelming challenges. Many struggle hoping to find a purpose in life. A national mission has begun to develop a new generation of leaders. Despite their challenging surroundings, many of these aspiring young entrepreneurs find ways to preserver achieving careers as doctors, lawyers, engineers, and teachers able to compete globally.

Published in: News & Politics
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