The 2007 edition of the report was released on April 17, with the media immediately seizing on the conclusion that "gaps continue to exist between black and white Americans." What the media did not note, however, is that the current rate of black unemployment is lower than the average rate achieved during President Bill Clinton’s second term, and that black unemployment has dropped precipitously since the full implementation of President George W. Bush’s tax cuts in late May 2003.

To read the entire article, click here.