In 2007, United for a Fair Economy explored the Black voters' attachment to the Democratic Party, and in a piece entitled, "Voting Blue, but Staying in the Red," they explored goals that the Democratic Party should have put at the top of its agenda for its first 100 hours in the majority. While noting that the Democrats didn't even mention Katrina in their agenda, United for a Fair Economy concluded that Blacks and Latinos voted in the November 2006 elections in the blue, but due to a failure of public policy that pays attention to their needs, they continue to live in the red.
In their 2008 report, United for a Fair Economy explores the sub-prime mortgage crisis, and notes that Black and Latino communities are experiencing the largest loss of wealth in U.S. history, with an estimated $92 billion being lost by Blacks and an estimated $98 billion being lost by Latinos. And while families are losing their life savings and the only major investment that they own, policy makers are asking them to tighten their belts. But the predator banks' CEOs are walking away with record remuneration. And our policy makers are notable for their inaction: first on the predatory lending that disproportionately affects Blacks and Latinos, and then on offering relief so that homeowners remain homeowners, including in the midst of this crisis.
Sadly, United for a Fair Economy isn't the only research organization to find glaring and intolerable disparities in our society by race and no appropriate public policies enacted to address them. Hull House did a study that found that it would take 200 years to close the gap in the quality of life experienced by black Chicagoans and white Chicagoans. There has been no public policy initiative taken up by the mayor or the governor of Illinois to begin closing that gap.
Several years ago, the New York Times published a finding that nearly half the men between the ages of 16 and 64 in New York City were unemployed. There was no initiative by the mayor or the governor of New York to begin addressing such pain.
Every year, the National Urban League publishes a study, "The State of Black America," in which the ills and disparities that persist in this country are catalogued. Every year, the story is basically the same.
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