John Ransom

Even liberals get it.

Obama’s not just a dud, but a failure.

It’s not so much that he hasn’t lived to up to the hype as Messiah, as he hasn’t lived up to ordinary expectations for a fallible, human president.

When I rack up the score on all of the things Obama’s been wrong about, it’s hard to credit that my Democrat friends ever touted him as a “genius”.

If this is genius, it’s clearly not of the political type. Or the foreign policy type. Or the economic type.

Six years into the Great Recession and the labor market hasn’t improved much, as even liberals are now conceding.

The government has created more money than ever before, and while it’s making some people wealthy, it’s not creating jobs, especially not in the Black community, and especially not amongst black males.

Supposedly the “genius” did this on purpose. Or he didn’t.

“Blacks disproportionately left the labor market,” said Dean Baker, co-director of the Center for Economic and Policy Research, a liberal economic outfit, “with the labor force participation rate for African Americans dropping by 0.3 percentage points to 60.2 percent, it’s lowest rate since December of 1977. The rate for African American men fell 0.7 percent to 65.6 percent, the lowest on record.”

Whoever else Obama may have benefited, it’s clear that black males haven’t been high on the priority list for him.

African Americans currently have an unemployment rate of 11.9 on the topline official stats. That’s double the rate of unemployment for women over the age of 20, and close to double the male unemployment rate for males aged 20 and over, which came in at 6.3 percent.

And even those numbers are much worse than it seems.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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