Hispanics: 20% Higher Unemployment

By Raoul Lowery Contreras


Before everyone believes that Hispanic Americans are going to run off a political cliff in November by throwing 70% of their votes to President Obama, we need to look at their Spanish cousins before they bury their community with four more years of Obama.


The 70% figure comes from a New York based survey by Latino Insights that concluded that 70% of Hispanics indicated they would vote for Obama and only 14% for Republican Mitt Romney.
Spanish Socialists ran Spain from 2004 to last November using Obama-like economic policies of spend, spend and spend more; debt on debt and deficits on deficits. More free stuff to the citizenry. The result from Time Magazine:

Whatever numbers you look at, Spain is in a death spiral, a self-defeating circle of recession and austerity that is sending one of Europe’s most important members into an economic dark ages.

Hispanic Americans have suffered deeply since Obama became President in employment compared to the heady days of President George W. Bush’s 6% Hispanic unemployment.
Here are Spain’s current numbers, Time:

Here’s just a brief summary of the ugly statistics:

1. The government in Madrid expects the economy to shrink by 1.7% in 2012 – its third contraction in four years.
2. Unemployment continues to rise. It is now more than 23%, and youth unemployment is above a staggering 50%.
3. Housing prices are down 22% from their peak, and are likely to continue to drop, perhaps by 20% or more.”

Here are March figures for the U.S.–

• Hispanic unemployment, March-2012, 10.3% – March-2006(Bush) 6%
• Teenagers –March, 2012 – 25%…March 2011, 24.5%
• 20-24 years old 13.2%
• Veterans of Iraq/Afghanistan, March-2012, February-2012, 7.6%
• No high school diploma 12.6%

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