Losing The Dream

Who killed the black middle class?

The Pew Charitable Trusts' Economic Mobility Project recently released a report projecting that 68 percent of African-Americans reared in the middle of the wealth ladder will not do as well as the previous generation.

In August, the National Urban League's State of Black America 2012 report found that nearly all the economic gains that the black middle class made during the last 30 years have been wiped out by the economic downturn.

"This is a very dire situation," said Valerie Rawlston Wilson, an economist with the National Urban League Policy Institute. "Even for blacks who have college degrees, we've seen a doubling of their unemployment (rate) between 2007 and 2010."

You'd think this would be a bigger issue-and it probably would, if Obama were a Republican...