Comments on: What Recession?

By: istandbehindtheIam

istandbehindtheIam — Wed, 23 Jan 2008 22:56:02 +0000

I think Sandra was being “tongue in cheek” more than anything. There’s more wealthy and financially savvy blacks living in America than you think, there just not media types or people that get a lot of face time.
I like it when Sandra puts thought provoking posts before us, posts we can learn and do better, right? When you know better, you do better otherwise we have to continue read about real po’ ass n****s like Ronald Davis, the shooter in the Hovey Street murders. Amen.

By: pinkvirgo

pinkvirgo — Wed, 23 Jan 2008 22:27:28 +0000

Wow Sandra you are doing alot of generalizing in this post. Do you own a plot of land w/o a lien smh.That harsh and unnecessary. So Sandra I suppose all of those statements apply to you too,you are black right?

By: fyrestarrter

fyrestarrter — Wed, 23 Jan 2008 21:47:22 +0000

I personally believe that this applies to MORE black people than NOT. I answered YES to every question but that was after I WOKE up a year ago & realised the direction I AND this country are headed in. But MOST of my peers (former & present) would unfortunately have to answer NO to these questions. I am sorry but I just cannot take offence with Sandra’s HONEST & however sad but TRUE statements.

By: Sane and Clean

Sane and Clean — Wed, 23 Jan 2008 21:02:59 +0000

^^^Just because it may not apply to YOU it may apply to most of your PEOPLE so it does pertain to you.

By: PANDERNPINK

PANDERNPINK — Wed, 23 Jan 2008 20:31:45 +0000

WOW.. I answered YES to EVERY question.. so This posting doesnt apply to me.. other than another black person sarcastically involing thought on other black ppl… about why they need to change themselves.. it is offending & to a certain degree its true… but not ONLY about black ppl.. bout ALL ppl in this nation…

By: PAHairston

PAHairston — Wed, 23 Jan 2008 20:31:10 +0000

I found this website a few months ago and I must say, it can be very interesting and informative. As far as Sandra’s comments about the economy, she pretty much hit the nail on the head. Matter of fact, I’m a librarian and freelance writer living in our nation’s capital and I could not have put it more succinctly.

FACT: Most black Americans, more than half, do not:
Own a home
Buy and trade stocks
Have $5000 in the bank

Today, many black folks, especially single, unmarried, uneducated, unemployed black women are choosing to have 3,4,5 babies by 3,4,5 different men. No wonder so many find themselves in a poverty cycle they just can’t seem to break.

Me? I’m a 53 year old black woman who makes about $83,000 a year–no major investments, no major savings but I do own my own home, with one child a junior at Stanford (tuition: $45,000). Somehow, somewhere, I made some good choices that out-weighed the bad ones. We need to make more good choices in life. Peace.

By: istandbehindtheIam

istandbehindtheIam — Wed, 23 Jan 2008 20:03:05 +0000

@aqtpie I mainly watch the prices of produce, here in Vegas, comparative pricing of a lb of tomatoes is anywhere from 2.89-2.99 and that price has not fluctuated, that’s year round. Of course, produce pricing is variable, ie seasonal items, weather affecting certain crops, etc.etc
I’m 41 and lived through at least, 3 recessions, ‘81 (the worst since the post depression era), 91-92 and the mild one in ‘01. You have to be aware of what’s going on around you, like here businesses are shutting down left and right, why? because Vegas in the last 3-4 years has profited on this housing boom, contractors, brokers, agents, home improvement, landscapers, furniture retail, you name it anything associated with housing made profits but now, with subprime gone, tighter lending standards, low pool of buyers, foreclosures those same people are struggling now.

By: fyrestarrter

fyrestarrter — Wed, 23 Jan 2008 19:40:37 +0000

I personally believe that we have been in a recession since 2001. NOT that the last recession occurred in 2001! The mis-reported job loss (trust there have been SO many more people out of work than we are aware of because after a while they get discouraged & STOP LOOKING), the higher prices of petroleum, the sky-rocketing cost of food, rising utilities prices, & the ultimate cost of purchasing so many manufactured goods from China & Taiwan are KILLING our economy. Ironically enough W & Dick “better not stand in front of me” Cheney & the Carlisle group along with all the PETROLEUM companies affiliated with them managed to make RECORD profits. From 2001-2007, THAT was the recession, NOW my people, we are headed for the DEPRESSION.

By: terika83

terika83 — Wed, 23 Jan 2008 18:58:25 +0000

Thanks for educating me on this Sandra. I am one of those black people who did not understand fully what came along with a “recession”, and I can admit that.

You do hear a lot of talk about this lately though. I’m hoping it’s as mild as 2001’s was, cause honestly…like you said, I didn’t notice.

By: istandbehindtheIam

istandbehindtheIam — Wed, 23 Jan 2008 18:11:26 +0000

@dakotab

Oprah had Dave Ramsey on last year, showcasing one of his books, it was literally a riches to rags story and back up again, where he pulled hisself out of excessive debt and how he trained his children on the respect of credit and money. Good read!