Elder: Reagan 100 Year Old Racist?

Larry Elder

Townhall - Ronald Reagan "tortured" blacks. Tavis Smiley, the PBS television host, once said this about the former president. NBC's Bryant Gumbel and New York Times columnist Paul Krugman, among many others, consider Reagan a racist. "There they go again," as Reagan might have said. The economic lot for blacks and Hispanics improved far more than it did for whites after Reagan's steep tax cuts.

In late 1982, Reagan's second year in office, the unemployment rate for blacks was 20.4 percent. By 1989, his last year, the black unemployment rate had fallen to 11.4 percent -- a 9 percent drop. In late 1982, the unemployment rate for Hispanics was 15.3 percent. By 1989, it had fallen to 8 percent -- a drop of over 7 percentage points. White unemployment, by contrast, fell "only" 4 percentage points. What about black-owned businesses? In 1982, according to the Census Bureau, there were 308,000 black-owned businesses. By 1987, the number had increased to 424,000, up 38 percent. The number of all U.S. businesses was up "only" 14 percent. Receipts for black-owned businesses went from less than $10 billion to nearly $20 billion -- a 100 percent increase. Read full story here:

Elder: Reagan 100 Year Old Racist?