The Promise of Global Trade and Black America

(Chicago Defender) — Now that the mid-term elections are over and the politics of exaggeration appear to be catching less national attention, it is past time to focus on the economic condition and plight of 50 million African Americans. The devastating economic disaster of the Bush years has a lingering negative economic effect on everyone in the United States, especially for Black Americans.  President Barack Obama writing in an editorial in the November 6, 2010 edition of The New York Times, stated, “As the United States recovers from this recession, the biggest mistake we could make would be to rebuild our economy on the same pile of debt or the paper profits of financial speculation. We need to rebuild on a new, stronger foundation for economic growth. And part of that foundation involves doing what Americans have always done best: discovering, creating and building products that are sold all over the world.”

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