Jerry Bowyer at NRO highlights a remarkable statistic with this “BuzzChart”: The unemployment rate among black Americans has fallen 2.7 percentage points since April 2003 (the data come from the National Urban League’s annual “State of Black America” report).
Bowyer chalks it up to Bush’s tax cuts. I’ve no doubt the tax cuts have had a positive impact on the national economy, but I’m not sure that the drop can be simply tied to that cause. Overall unemployment, for example, has declined less steeply, and wouldn’t the effects of the tax cut be more or less uniform across race? I wonder whether anyone has analyzed this phenomenon more closely. In any case, it’s a development to applaud.