Since unemployment numbers havenâ€™t always told the true story of whatâ€™s happened to the U.S. economy, a more diligent survey of other, broader indicators is necessary to gauge the Presidentâ€™s economic stewardship. When defined by gross domestic product (GDP) growth, for example, itâ€™s the worst economy in 83 years.
Did you know that there was a time in our country, after the Civil War, when white unemployment was higher than black unemployment? It seems almost unfathomable now, but that was the case in the early decades of the 20thÂ Century. This was intentionally changed after Congress enacted the first federal minimum wage law: the Davis-Bacon Act of 1931.
We need businessmen to get more involved in our communities outside the school system. Instead of building another youth basketball center so people can pretend they have done something to help inner city kids, we need to build centers to teach kids about computers and business.
The one thing that stood out with me from his speech was his wanting to increase the federal minimum wage from $ 7.25 an hour to $ 9 an hour.Â With a weak economy, you want to increase the cost of labor?Â Are you kidding me?