OUR REPUBLICAN PRESIDENT:

 He's been on the side of the banks and Wall Street since co-signing George Bush's and Hank Paulsen's TARP "too big to fail" bank bailout at the expense of underwater homeowners and middle-class taxpayers.

That's because he believes more in bogus Wall Street privatization efforts that slide money to fats cats trading on charter schools and insurance companies poised to reap the benefits of Obamacare and Social Security privatization.

It's the belief in the "trickle-down" economic myth of Reaganism and the Wall Street 1percent rather than the many people who are now close to living in the streets because they lost their homes to foreclosures and other wealth-draining schemes.

As his economic race legacy unfolds, Obama's recovery is worse than the George W. Bush recession for blacks. Overall median household income has fallen over $4,000 since he took office but black Americans have had a decrease in real income of over 11 percent. Unemployment is officially at 14-plus percent for blacks, nearly double that of the overall economy. When Obama entered the White House in January 2009, black unemployment was 12.7 percent. The highest black unemployment rate during Obama's time in office was 16.7 percent in August 2011. During the eight years of Bush black unemployment didn't rise above 13 percent. The rate reached its highest point of the Bush presidency, 12.1 percent, in December 2008.

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