On Thursday, Obama launched a federal program aimed at improving the economic and educational status of young black and Hispanic men.
The initiative does not require congressional approval and would direct $200 million in foundation money toward programs intended to close the racial achievement gap in schools and reduce the disproportionate unemployment rate that has affected black communities for years.
The Baltimore Sun reported that Obama described the effort as a moral issue of national importance stating; “We’ve become numb to these statistics. … We just assume that this is an inevitable part of American life instead of the outrage that it is,” the president said at a White House event. “But these statistics should break our hearts, and they should compel us to act,” he said.
While this may be a notable cause, I do not see how this will help with the unemployment rate so high and little hope of economic recovery under this administration. Among the major worker groups, the unemployment rates for adult men (6.2 percent), adult women (5.9 percent), teenagers (20.7 percent), whites (5.7 percent), blacks (12.1 percent), and Hispanics (8.4 percent). (Source: www.tradingeconomics.com/united-states/unemployment-rate)advertisement - story continues below
By: ~Rebel Rebellion III%