President Franklin Roosevelt signed into law the Social Security Act 89 years ago. This represented a unique method to deliver monetary benefits to those working American citizens who lived to the designated retirement age of 62. Taxes were taken out of these workers’ wages and placed into a national fund – emulating a gigantic Ponzi scheme.
The funds would support the few living, retired employees. The key to the program was that most workers passed away before they could collect any benefits.
Marginalized by U.S. Policy
In mid-2016, 81 years later, Black unemployment and Black youth unemployment were notably lower than when Barack Obama took office. The periodic civil unrest in recent years stems in large part because of the decades-long simmering of groups that the government claims to care about. The turmoil can be traced to progressive economic policies that built upon Roosevelt’s initiatives.
Four years after the passage of the Social Security Act, and nearly a decade following the stock market crash of 1929, Roosevelt’s lunch companion, close friend, confidant, and U.S. Secretary of the Treasury, Henry Morgenthau, Jr. opined:
"We have tried spending money. We are spending more than we have ever spent before and it does not work ... I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises, I say after eight years of this administration -- we have just as much unemployment as when we started. And an enormous debt to boot!”
This stunning admission by the top U.S. financial officer acknowledged that massive spending doesn’t create long-term, meaningful jobs. Guess which groups are hurt the most?
The All-Encompassing Rationale
The Black family in America has been decimated, rising from 25% out-of-wedlock births or one-parent households in 1964 to a civilization-destroying 77.3%. While in office, Donald Trump played no part in that long-term development while it can be argued that progressive policies had everything to do with it.
Progressives nevertheless take no responsibility for policies that have historically quashed the Black family in America. To deflect attention, they repackage their go-to racism claims, and now employ the term “structural racism.” It is inserted as the all-purpose reason why, even after decades, huge percentages of minorities have not effectively entered the U.S. economic mainstream.
As such, Democrats have the perfect “Catch-22." For eons, they devise and enforce policies that lead to poverty, crime, and cultural depression. Then, with the help of RINOs, they pass ridiculous spending bills, blame others who have little to do with enacting atrocious economic policies, label them as racists, and do their best to induce guilt.
As the November election beckons, the chance for sound economics in American politics rises. Increasing numbers of minorities have professed that they’ll vote to return Donald Trump to the White House. These voters care little about Democrats or Republicans, per se. They want economic opportunities as a result of effective government policies.
Trump Rides Again
Before the pandemic, President Trump's economic policies were effective: Black employment, Black youth employment, Black homeownership, actual wage growth, etc. had climbed to some of the greatest heights in U.S. history. Many Black people were aware of this or at least sensed that Trump knew what he was doing. They have no such sense that Biden and company are in the same league.
Ultimately, people tend to vote on pocketbook issues. Polls consistently show that Donald Trump is the best bet for once again bringing the economy forward. No amount of campaigning by Biden or Harris will persuade huge blocks of Black voters that Democrats know best. What’s more, if you pay close attention to the Democrat policies, with their increased regulations, predisposition to raise taxes, and tendency to stymie trade, they have no chance. Their stewardship of the economy has turned it into a slow-moving morass.
After 50 years in Washington, Joe Biden in particular, is completely clueless about steering the economy. As we all know, however, he’s been adept at enriching his own family. As for Kamala Harris, she is an economic illiterate.
If the election proves to be close, it will be because the mainstream media incessantly props up whatever the Biden administration does, crappy policies and all. Now add in the prodigious voter fraud schemes that the Democrats are devising, and you could see a close race. Trump, on a level playing field, would swamp Biden by 100 or more Electoral College votes.
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