There is certainly good reason to be deeply concerned about employment in black America. Total employment in this community is 17 percent lower now than it was ten years ago.

If Waters and her colleagues manage a sober moment to reflect during their festivities, they should consider a concept that could provide targeted help for their communities, proposed last week by economist Arthur Laffer in the Wall Street Journal.

Target black unemployment with enterprise zones

When it comes to government borrowing and spending as a way to “create” jobs, the Black Caucus is possibly the last vestige of the triumph of hope over experience. Or in Einstein’s famous definition of insanity, “doing the same thing over and over again and expecting different results.”