Plight of the Black Middle Class

Walter Russell Mead, American Interest
Many hoped that the election of the first African-American President of the United States meant a decisive turn in the long and troubled history of race relations in the United States. And indeed President Obama's election was a signal success for the American racial settlement of the 1970s. But at the moment of its greatest success, that settlement"”call it the Compromise of 1977"”was beginning to unravel, as evidenced by the fact that President Obama's nearly four years in office to date have witnessed decades of economic progress and rising...

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