FOLLOW US

Thu

July 16, 2026

USA Herald November 14, 2024 4 mins read

Money Matters: Economic Exacerbation of Social Issues

USA Herald ı By Jeff Watterson

0 Comments

g20_climate_camp_police_kettling_protesters

After 366 days, the summer Olympics, a Cubs World Series victory, three versions of the iPhone, Brexit, a precarious cease-fire to a six-year civil war in Syria, and a historic presidential election, 2016 is over—finally. Domestic and abroad, it has been a stressful year for the Democratic Experiment of the United States of America. And since its inception, the problems of civil rights and who gets them have been under discussion. The magnitude of everything that has happened in the past year notwithstanding, race relations still haunt the nation as surely as the Ghost of Christmas Past.

The Obama administration will make way for President-Elect Donald Trump this month, but the racial tensions of the country will remain largely the same, bad. Despite the fact that with the election of Obama in 2008, many thought race relations would improve as we moved as a country into a “post-racial era” where anyone could do anything. To be blunt, these hopeful souls were wrong.

According to Gallup polling in 2008, 70% of whites and 61% of blacks thought that race relations between whites and blacks were either somewhat or very good. By 2016 those numbers dropped to 49% and 55% respectively. Similarly, the percentage of Americans who worry “a great deal” about race relations has almost doubled, going from 18% to 35%. Clearly, at a bare minimum, white and black perception of race relations has taken a turn for the worse.

What changed? More specifically, how has the outgoing administration either failed to help or worsened race relations? Unsurprisingly, economic instability and The Great Recession of 2008 had a lot to do with it, but more importantly, the policies for the recovery are at the center.

In 2008, everyone was hit hard, but there was a racial disparity in the economic impact. While the upper class had greater absolute losses in wealth, the percentage losses were far worse for an already struggling lower class. When the economy began to recover, there was a rebuilding of wealth and income rose across the board. Unfortunately, during the recovery, the income disparity between races increased. Before the great recession, median household income for whites was 10 times that of blacks. In 2014, that multiple rose to 13.

The Obama administration’s answer to the crisis was the ARRA (The American Recovery and Reinvestment Act of 2009), the main purpose of which was to create jobs, and quickly. Did it do that? There is still no complete consensus, but most economists (about 80%) say it did succeed in the short term, but that long-term effects remain to be seen. What it did not address, however, was where jobs were created. The Act gave tax cuts to both individuals and businesses, but, in terms of businesses, failed to protect working class people (of any race) from layoffs. As a result, while blacks and Hispanics were disproportionally affected, working-class class whites were in the same boat. This led to increasing economic frustration in an increasingly divisive political climate. It was in this environment that #BlackLivesMatter was born. It was in this environment that David Duke and the KKK made national news, that led to police officers were sniped by a lone ranger in Dallas, and Charlotte declared a state of emergency during a riot.

So, what does public policy under the new administration Trump need to focus on to ease these tensions? Multiple studies have concluded that while economic factors are often not the instigators, they are key exacerbators of racial tension. If this is not expressly addressed, things will inevitably get worse. Trump has promised to work with stakeholders in urban centers to help give a much-needed economic boost directly to minority neighborhoods. Continued economic growth policies centered on creating working class jobs will also work to alleviate racial tension through economic prosperity.

Previous Article

Americans Want Decreased Military Intervention, Favor More Diplomatic Solutions

Read More
100 Posts

Jeff Watterson

Jeff Watterson is a journalist that focuses on politics, investigative journalism, and technology news. When Jeff is not writing, which is his hobby, he enjoys fishing and hunting.

Discussion

No comments yet. Be the first to join the discussion!

Arizona January 11, 2025
Kelly Warner Law Firm Blames USA…

In what appears as a desperate attempt to defend multiple…

By – USA Herald
Arizona January 4, 2025
Aaron Kelly Law Firm Resorts To…

Attorney Aaron Kelly and his law partner Daniel Warner are…

By – Jeff Watterson
Arizona December 12, 2024
Arizona Bar Opens Investigation on Attorney…

USA Herald recently reported on a developing story involving Attorneys…

By – Paul O'Neal
America July 14, 2026
The Manosphere: Social Media’s Growing Influence…

The Manosphere has become a broad umbrella term describing a…

By – Jackie Allen
America July 14, 2026
UFO Sightings: Scientists Say Alien Life…

The debate over UFO Sightings and the possibility of extraterrestrial…

By – Jackie Allen
U.S. News July 13, 2026
H.R. 9237 Sparks Fight Over Future…

One of the most significant veterans’ bills introduced in Congress…

By – Michallie Harrison
Science & Technology July 13, 2026
Social Media Oversharing Fuels Identity Theft

Social media oversharing usually does not look reckless. It looks…

By – Michallie Harrison
America July 13, 2026
Anthropic Emerges as AI Leader After…

Anthropic has received an unexpected endorsement from one of its…

By – Jackie Allen
America July 13, 2026
Lab Scandal:  JonBenét Ramsey Investigation Continues…

The Lab scandal involving a former Colorado forensic scientist has…

By – Jackie Allen
America July 13, 2026
Lab Scandal:  JonBenét Ramsey Investigation Continues…

The Lab scandal involving a former Colorado forensic scientist has…

By – Jackie Allen
America July 12, 2026
South Bow to Pay Nearly $27M…

Nearly three years after nearly 13,000 barrels of crude oil…

By – Rihem Akkouche
America July 12, 2026
two killed in Toronto After Deadly…

One moment, thousands of people were dancing in the streets…

By – Rihem Akkouche
America July 12, 2026
Elephant Fire burns 4500 acres in…

It started Saturday afternoon in the shadow of the Sierra…

By – Rihem Akkouche
America July 12, 2026
Lindsey Graham Death at 71 Stuns…

He had just returned from Ukraine. He had met with…

By – Rihem Akkouche
America July 12, 2026
Lindsey Graham Dies at 71 After…

Lindsey Graham, the longtime Republican senator from South Carolina and…

By – Jackie Allen
America July 12, 2026
Lindsey Graham Dies at 71 After…

Lindsey Graham, the longtime Republican senator from South Carolina and…

By – Jackie Allen
America July 12, 2026
Jan. 6 Case: Judge Dismisses Proud…

The long-running Jan. 6 Case involving several senior members of…

By – Jackie Allen
America July 12, 2026
Jack Antonoff Criticizes AI in Music,…

Jack Antonoff sharply criticized the growing use of artificial intelligence…

By – Jackie Allen
America July 11, 2026
UFC Event Allegedly Targeted in White…

WASHINGTON, D.C. — A historic UFC Event held on the…

By – Jackie Allen
America July 10, 2026
Russia Sanctions Bill Gains BiPartisan as…

WASHINGTON, D.C. — Russia Sanctions legislation moved closer to becoming…

By – Jackie Allen
America July 10, 2026
Manhattanhenge 2026: Final Summer Sunset Alignment…

NEW YORK — Manhattanhenge is making its final appearance of…

By – Jackie Allen
America July 10, 2026
Manhattanhenge 2026: Final Summer Sunset Alignment…

NEW YORK — Manhattanhenge is making its final appearance of…

By – Jackie Allen
America July 10, 2026
Jared Isaacman Says NASA Has Unexplained…

WASHINGTON, D.C. — Jared Isaacman, the administrator of NASA, says…

By – Jackie Allen
America July 9, 2026
Erika Kirk Seeks Public Release of…

Erika Kirk, the widow of Turning Point USA co-founder Charlie…

By – Jackie Allen
America July 9, 2026
Bonnie Tyler Remembered as Legendary Welsh…

Bonnie Tyler, the Welsh singer whose unmistakable raspy voice powered…

By – Jackie Allen
America July 9, 2026
Assault on Iran Escalates as U.S.…

The Assault on Iran intensified after the United States launched…

By – Jackie Allen
America July 9, 2026
Broadcom Deal: Apple Commits More Than…

Apple is dramatically expanding its investment in American semiconductor manufacturing…

By – Jackie Allen
America July 11, 2026
Oregon Withdraws Court Motion in Paramount-Warner…

Oregon blinked — but it did not back down. The…

By – Rihem Akkouche
America July 11, 2026
Apple Sues OpenAI Over Trade Secrets…

The partnership that placed ChatGPT inside hundreds of millions of…

By – Rihem Akkouche
America July 9, 2026
Broadcom Deal: Apple Commits More Than…

Apple is dramatically expanding its investment in American semiconductor manufacturing…

By – Jackie Allen
America July 8, 2026
Arranged Marriage Ends in Tragedy: Amazon…

An Arranged Marriage that began in the summer of 2025…

By – Jackie Allen
America July 8, 2026
Forensic Scientist Henry Lee’s Final Interview…

A legendary Forensic Scientist whose testimony influenced some of America’s…

By – Jackie Allen
America July 6, 2026
Accused of Rape:  Graham Platner Denies…

Accused of Rape, Maine Democratic U.S. Senate candidate Graham Platner…

By – Jackie Allen
America July 4, 2026
Beach Closures Expand Across Long Island…

Beach Closures were spread across parts of New York just…

By – Jackie Allen
Health July 2, 2026
The Hidden Science Behind Why Your…

For millions of people, the first conscious act of the…

By – Tyler Brooks
Health July 2, 2026
The High Cost of the Infinite…

A significant legal chapter is closing for one of the…

By – Tyler Brooks
Health July 2, 2026
Kentucky Medicaid Alert How The Upcoming…

A significant change is arriving for thousands of Kentucky residents…

By – Tyler Brooks
Health June 29, 2026
Everything You Need to Know About…

As the calendar turns to July 1, residents of Georgia…

By – Tyler Brooks
Breaking News June 26, 2026
Trump Seeks $1.4 Billion as Congo…

The Trump Ebola funding request would provide more than $1.4…

By – Michallie Harrison
America July 2, 2026
Taylor Swift Wedding Reports Claim Private…

Taylor Swift Wedding speculation intensified after reports claimed that pop…

By – Jackie Allen
High Profile Court Cases July 2, 2026
Justice Served as Former NFL Scout…

The Nashville courtroom fell silent this Wednesday as a jury…

By – Tyler Brooks
America June 29, 2026
Stonewall Riots: An Uprising That Changed…

The Stonewall Riots marked one of the most significant turning…

By – Jackie Allen
Sports June 26, 2026
USMNT Lost to Turkey at 90+8.…

Kaan Ayhan’s goal came in the 90th minute, plus eight.…

By – Nicolas Carreno
Entertainment June 25, 2026
Tears, Goals, and the Siuuu: IShowSpeed’s…

The 2026 FIFA World Cup has been a rollercoaster of…

By – Tyler Brooks
America June 22, 2026
World Cup History Made as Lionel…

World Cup history was made Monday afternoon in Arlington, Texas,…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter