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Both groups also saw the wealth they acquired evaporate almost over night. Hispanics lost 66 percent of their wealth and Blacks lost 54 percent.
In the media
Rakim H. D. Brooks
A long overdue debate on tax reform is now underway. Yesterday, White House aides said they hoped to pay for the President's $450 billion jobs plan by sharply limiting tax deductions for upper income Americans.
Blog
David Callahan
A photo voter ID law signed by Republican presidential candidate Rick Perry is unnecessary, unfair, restrictive and intentionally discriminates against African-American and Latino voters, a coalition of civil rights groups will argue in a letter to the Justice Department on Wednesday.
In the media
Ryan Reilly
Incredibly enough, Social Security -- long considered a third rail of politics -- has become a ferocious touchstone during this Presidential primary cycle, even with the Iowa Caucus still a half-year away.
Blog
Elon Green
In the wake of disasters across the Midwest, most of the entire east coast and at least 30,000 acres of Texas, the Federal Emergency Management Agency disaster relief fund has dipped below $550 million. Unfortunately, its continued solvency is at the mercy of Congress.
Blog
Elon Green

A Response to President Obama's Jobs Speech

Policy Briefs
David Callahan
Tamara Draut
Washington, DC-Just after President Obama's speech to a joint session of the US Congress on his new plan to stimulate job growth entitled "The American Jobs Act," the national policy center Demos published a point-by-point analysis of the plan. Based on the deep economic troubles facing this nation
Press release/statement
It’s a cruel fact for millions of unemployed Americans that the jobs plan President Obama unveiled last night will never be fully enacted by Congress. What’s even crueler, though, is that the least effective elements of the plan have the best chance of passage. New direct federal spending, the most
Blog
David Callahan
Since the beginning of his candidacy, President Obama has made creating green jobs and growing a green economy one of his priorities.
Blog
J. Mijin Cha
The $787 billion economic stimulus program, which has now largely expired, helped avert an economic meltdown that was poised to rival the Great Depression. Despite public skepticism about the program, that was the conclusion of a detailed analysis by the nonpartisan Congressional Budget Office. At
Blog