Here's what I think the black community needs (at least one of the things): Better Leadership.

I'm reminded of President Obama's excellent speech at that school recently, where he basically said "shut up, work hard, stay in school, go to college, etc." That's directed at the entirety of the youth in America.

There are some really bad role-models that black youth look up to. Kids being raised without a father, in crappy schools, looking up to hip hop artists that glorify drugs, violence, murder, and the degradation of women, professional athletes with a brain the size of a pea who would be flipping burgers but for the fact that they have exceptional athletic ability, the NAACP and Jesse Jackson who will make every excuse in the book, etc.

Fixing the schools and having prominent members of the black community step up and be leaders, Obama for example (not that I agree with everything he's doing, but on this he's exceptional), would go a long way to helping the situation.

Also wuf is right, I'm partly playing devil's advocate here, but partly bringing up legit points as well so don't completely write them off.