Monday, March 8, 2010

The stimulus is racist!

We already know that the stimulus has been a spectacular failure. Last week's unchanged unemployment numbers clearly showed that. But did you know that the stimulus is also racist??
Hispanic and black businesses are receiving a disproportionately small number of federal stimulus contracts, creating a rising chorus of demands for the Obama administration to be more inclusive and more closely track who receives government-financed work.
Latinos and blacks have faced obstacles to winning government contracts long before the stimulus. They own 6.8 and 5.2 percent of all businesses, respectively, according to census figures. Yet Latino-owned business have received only 1.7 percent of $46 billion in federal stimulus contracts recorded in U.S. government data, and black-owned businesses have received just 1.1 percent.
Racist minority interest groups, like the Latino supremacist La Raza, cleaned up thanks to the stimulus. Meanwhile minority-owned businesses, who actually contribute something to the economy, got the shaft. Black and Hispanic companies are also often located in poorer areas and were hit harder by the recession.

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