Burgess Owens: “I make an appeal to the President that he lead us in the most profound and comprehensive way and give us hope in his…”

“I make an appeal to the President that he lead us in the most profound and comprehensive way and give us hope in his State of the Union address. At the beginning of this 108th Congress, it is important that we take note of a very important report recently released by the Federal Reserve. The study focuses on consumer finances, and is issued once every 3 years. Among the definitive items in this comprehensive statement is a report that the median net worth for our white population rose by 20 percent to $120,900 while the median net worth for minorities fell over the last 3-year period by 4.5 percent to $17,000. Consider the contrast of $120,900 versus $17,000. It is a portrait of two economies. It is a portrait of two societies. In the midst of a period of great prosperity, at least 2 of those years we were in a period of great prosperity, just before the economic slow down, minorities were existing with a standard of living close to that of the third world. In the year 2003 this is the state of the Union for a population that can be no less than one-half of the total.”