FOLLOW US

Fri

August 7, 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!

Don’t Miss It
The People's Voice August 06, 2026
The Tate Brothers Case: What Is the US–UK Extradition Treaty?
By – Rochdi Rais
U.S. News August 06, 2026
Why Andrew Tate Still Hasn’t Been Convicted
By – Rochdi Rais
America August 05, 2026
Equifax $2.2M Settlement: Are You Owed Up to $600?
By – Rihem Akkouche
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
High Profile Court Cases August 5, 2026
Andrew Tate’s 42 Charges, Listed and…

Fifty-nine counts between the two brothers. Seven complainants. Seven years…

By – Rochdi Rais
America August 5, 2026
Cambridge Professor Plagiarism Scandal Ends in…

Some careers rise like a rocket launch — dazzling, rapid,…

By – Rihem Akkouche
America August 5, 2026
Senate confirms Erica Schwartz as CDC…

For nearly a year, the top office at the Centers…

By – Rihem Akkouche
America August 5, 2026
Iran-Oman Hormuz Deal Does Not Reopen…

The proposed Iran-Oman Hormuz deal advanced Wednesday after both countries…

By – Michallie Harrison
America August 5, 2026
New Mexico Takes DOJ to Court…

Sometimes a warning shot is exactly that — a warning.…

By – Rihem Akkouche
America August 5, 2026
3 people killed, in Caswell County…

Prospect Hill is the kind of place where mornings usually…

By – Rihem Akkouche
America August 5, 2026
3 people killed, in Caswell County…

Prospect Hill is the kind of place where mornings usually…

By – Rihem Akkouche
America August 5, 2026
Abdul El-Sayed Wins Michigan Senate Primary…

Some victories arrive with a landslide. Others creep across the…

By – Rihem Akkouche
America August 5, 2026
Gangbanger Family Accused of Helping Son…

 A Gangbanger family is at the center of a sweeping…

By – Jackie Allen
America August 4, 2026
Reflecting Pool Damage: DOJ Says Construction…

WASHINGTON (AP) — The controversy over the Reflecting Pool damage…

By – Jackie Allen
America August 4, 2026
P&G acquires supplements maker Thorne for…

Some acquisitions feel like a natural next chapter. Others feel…

By – Rihem Akkouche
America August 4, 2026
Donald Trump attacks oil companies for…

Some fights simmer quietly behind closed doors. This one played…

By – Rihem Akkouche
America August 4, 2026
Build Your Dreams: Chinese EV Giant…

Build Your Dreams, better known by its initials BYD, has…

By – Jackie Allen
America August 4, 2026
Spokane Wildfires: Arson Charge Filed as…

SPOKANE, Wash. (AP) — The Spokane wildfires have left widespread…

By – Jackie Allen
America August 3, 2026
Illegal Immigrant Arrested by ICE in…

A Guatemalan illegal immigrant accused of rape and several other…

By – Jackie Allen
America August 3, 2026
AI Cheating Debate Grows After Mississippi…

AI Cheating has become the center of a national conversation…

By – Jackie Allen
America August 2, 2026
Key Evidence Claims in Bryan Kohberger…

The latest claims surrounding key evidence in the Bryan Kohberger…

By – Jackie Allen
America August 1, 2026
JK Rowling Wins Apology After Amnesty…

JK Rowling has received a public apology from Amnesty International…

By – Jackie Allen
America August 1, 2026
JK Rowling Wins Apology After Amnesty…

JK Rowling has received a public apology from Amnesty International…

By – Jackie Allen
America August 1, 2026
Stormed the Border: Spain Says 25,000…

CEUTA, Spain (AP) — Spanish authorities say thousands of migrants…

By – Jackie Allen
America July 31, 2026
Curiosity Rover Finds Vast Martian Honeycomb…

NASA’s Curiosity rover has discovered an extraordinary expanse of honeycomb-like…

By – Jackie Allen
America July 30, 2026
Amish Community Murder: Ohio Man Pleads…

An Amish Community murder case which stunned Ohio has ended…

By – Jackie Allen
America July 30, 2026
E. Jean Carroll Case: Trump Asks…

President Donald Trump has asked the U.S. Supreme Court to…

By – Jackie Allen
America July 29, 2026
Netflix Releases The Idaho Murders: College…

BOISE, Idaho — The Idaho Murders: College Nightmare is a…

By – Jackie Allen
Entertainment August 5, 2026
Perez Hilton Was Hospitalized After Self-Harm

Perez Hilton was hospitalized Tuesday night after a TikTok livestream…

By – Michallie Harrison
America August 2, 2026
Iran’s Alien Files? Tehran’s U.S. Conspiracy…

INSIDE THIS REPORT Iranian media once promoted an extraordinary claim…

By – Samuel Lopez
America July 31, 2026
Sainsbury to Sell Argos for £120m…

Sainsbury’s has finally reached the finish line on something it’s…

By – Rihem Akkouche
America July 30, 2026
Show Me the Money: Accuser in…

INSIDE THIS REPORT Aleksandra Vasilevna Mendoza is pushing Kick to…

By – Samuel Lopez
America July 30, 2026
Kohberger Gets New Taxpayer-Funded Lawyer as…

INSIDE THIS REPORT Kohberger has been appointed counsel for post-conviction…

By – Samuel Lopez
America July 30, 2026
Milwaukee Lawyer Gets 21 Years After…

INSIDE THIS REPORT — A Milwaukee jury convicted attorney Robert L.…

By – Samuel Lopez
Breaking News July 29, 2026
Trump Ends Medicare Part D Subsidy,…

The Trump administration is ending a Medicare Part D subsidy…

By – Michallie Harrison
Health July 17, 2026
Taylor Farms Linked to Third Major…

Taco Bell became the public face of a massive Cyclospora…

By – Michallie Harrison
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
Sports July 31, 2026
FIFA World Cup Stake Sale Sparks…

The proposed FIFA World Cup stake sale has triggered a…

By – Michallie Harrison
America July 28, 2026
5 of the Best Free-to-Read Online…

Online Comic Books have changed the way readers discover superheroes,…

By – Jackie Allen
America July 25, 2026
Human Trafficking Operation Nets 15 Arrests,…

SHELBY COUNTY, Ala. — A human trafficking operation in north…

By – Jackie Allen
America July 25, 2026
Adrien Broner Hit With Sexual Battery…

INSIDE THIS REPORT Havana Saint accuses Adrien Broner of sexual…

By – Samuel Lopez
Sports July 22, 2026
Why the Hungarian Grand Prix Never…

The lights go out and twenty-two Formula 1 cars explode…

By – Theresa Jardim
America July 21, 2026
Professional Boxer Killed in Texas Bicycle…

Hannah Rapp, a rising professional boxer who recently challenged for…

By – Jackie Allen

No posts found.

No posts found.

Signup for the USA Herald
exclusive Newsletter