[ April 18, 2024 ]
The Democrat Party has once again devastated Black America. Tyrannical Democrat Party governors insisted on shutting down their states for extended periods of time. This was done (in part) to hurt President Trump’s re-election prospects. Well this is the result: the financial ruin of Black small business owners. The cheap photo ops from Biden, Pelosi and Schumer will not bring these businesses back. Black Americans need to stop voting for the Plantation Democrats en masse. Blexit!
https://www.facebook.com/DennisPrager/videos/3250911051618395/?t=0
Black business owners decimated by coronavirus pandemic, study finds
Story continues below advertisementBy Fox News, June 8, 2020
The number of African American business owners plunged more than 40 percent during the coronavirus pandemic and related economic lockdown, facing far steeper losses than any other racial group, according to a new paper.
The closure of nonessential businesses and strict stay-at-home guidelines decimated businesses throughout the country, but the losses were most pronounced among small business owners who are black, according to a paper published by Robert Fairlie, an economics professor at the University of California in Santa Cruz.
During the two-month period from February to April, the number of working black business owners dropped by 41 percent, plunging from 1.1 million to 640,000. Nationally, the number of active business owners declined by 3.3 million, or 22 percent.
The number of Latino business owners fell 32 percent from February to April, while the number of Asian business owners shrank by 26 percent. Immigrant business owners dropped by 36 percent.
“The negative early-stage impacts on minority- and immigrant-owned businesses, if prolonged, may be problematic for broader racial inequality because of the importance of minority businesses for local job creation (disproportionately for other minorities), economic advancement, and longer-term wealth inequality,” Fairlie wrote.
The damage inflicted by the outbreak of the virus, and the economic shutdown, is far more severe than the effect of the global financial crisis on small businesses. During the Great Recession, business owners decreased by 730,000 — representing a 5 percent reduction.
The report highlights a growing disparity in the economic toll of the crisis across racial groups. While the national unemployment rate fell to 13.3 percent in May from 14.7 percent in April, according to the Labor Department, the jobless rate remained persistently high among some minority groups.
The white unemployment rate dropped to 12.4 percent last month from 14.2 percent in April, but the unemployment rate for black workers climbed to 16.8 percent from 16.7 percent, and for Asian workers, it rose to 15 percent from 14.5 percent.
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29 Comments
3 years ago
Another ooopsie!
3 years ago
Reply to
BanLiberals
No, it was intentional. Burnt out Black business owners are dependent again.
3 years ago
Democrats – The Smash and Burn Party
3 years ago
#SomeBlackLivesMatter
Blacks who leave the plantation need not apply
3 years ago
Reply to
Lagertha
blacks worldwide want a free handout. as much as I respect them they want a hand out. australian aborigines get sooo much free handouts it’s mind boggling. oh did I mention they live getting together with whites. I’ve seen it with my own two eyes. they feel sorry for blacks but there kids are off white and use the darker aborigines for sex.
3 years ago
If Obama’s son needed a Barber ………………….
3 years ago
Black business owners are more likely to vote for law and order and Trump!
The riots are Democrat payback for leaving the plantation to make them dependent again.
Looks like it may work if law and order is abandoned.
3 years ago
Reply to
CharlieSeattle
Let’s hope they learned something from this and stick with Trump.
3 years ago
Reply to
felix1999
Let’s hope Trump and Law and Order officials begin to stand firm and earn their 2020 vote.
Weak action is not looking good.
3 years ago
Reply to
CharlieSeattle
I’m over BLM. if you don’t like usa go to AFRICA..just watch our BLM friends come right back to usa.
3 years ago
Black business owners are more likely to vote for law and order and Trump!
The riots are Democrat payback for leaving the plantation to make them dependent again.
Looks like it may work if law and order is abandoned.
3 years ago
Reply to
CharlieSeattle
Maybe this will be the catalyst that finally wakes up black business owners to the tired and fruitless “plantation politics” that the commiecrats have authored and practiced for the past half century.
3 years ago
Reply to
Drew the Infidel
Sure but the rest will still run wild, loot, fake hate crimes, pass counterfeit money and steal cigars and assault cops.
The next Rodney King, Jussie Smollett, George Floyd, Michael Brown is just a news cycle away from a brand new riot.
3 years ago
I care no more for black business owners than white business owners. So this headline sucks.
It’s business owners.
3 years ago
Every time the blacks generate a middle class since I was a child 7 decades ago the Democrats arrange to enable a riot to destroy the black’s neighborhoods and livelihoods. The Democrats, who spawned the KKK, still hate blacks with a passion, think they should be aborted out of existence, and at the same time need the blacks for their votes, a fact they hate. So they promise the blacks the world, deliver a poo sandwich, and when blacks DO manage to start to succeed and develop “bad attitudes”, they and their communities are destroyed.
This time, however, with Soros funding leading it they want to destroy the US. And if we do nothing they may well succeed.
{^_^}
3 years ago
Decimate means one in ten destroyed. Much more than that. The Romans used to punish soldiers by taking one in ten out of the line to be punished.
3 years ago
dimokkkrats don’t give a damn about “black businesses”…or any other “business” except the grifting that has gone on forever with “politicians”.
3 years ago
ordinary dems
3 years ago
Ordinary dems
3 years ago
A black person who is independent is the same as a slave who has escaped from the plantation,to be tracked down.dragged back.punished and made an example of to dissuade any other potential escapees.
3 years ago
Once the Democrats, the Chinese, the muslims, the Cartels have overwhelmed the Americans it’s about the Mexicans to finish the wall to keep out Illegals from their Country…
3 years ago
Looks like the astroturf riots were the coup de grace for Black business. Well done Leftists and BLM.
3 years ago
Blacks vote. Blacks were decimated by Black elected leftist governments, and their lack of respect for each other!
3 years ago
The first priority of the Commiecrats is destroy any independent voter be they black or white
3 years ago
The first priority of the Commiecrats is destroy any independent voter be they black or white
3 years ago
“Well this is the result: the financial ruin of Black small business owners.”
Completely unrelated to this, Jeff Bezos supports BLM and is richer than ever!
3 years ago
Yes, Black Lives “Matter” hates blacks. Is it a surprise to anyone when they kill each other on an industrial scale?
