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Dick...
You make some excellent points about how and why Barack should reach out to the Hispanic community. It does make sense.
However, among the many fine points you made in your post, I believe that one simple fact was missing: blacks and Hispanics are competitors for many of the same unskilled, blue-collar jobs. Blacks complain (rightly) that many jobs that would otherwise would be theirs, are taken by undocumented, mostly-Hispanic workers who will do any job for fewer dollars. Hispanics counter (rightly) that many jobs go unfilled because some blacks simply will not do them, for whatever reason.
Therefore, we have a conundrum: two groups are competing against each other for jobs but need to work together for a common good but are not on the same page.
Just wanted to add this dynamic to your otherwise excellent post.