INNER-CITY NEWS

Page 20

THE INNER-CITY NEWS -

COMMENTARY: By Roger Caldwell, NNPA Newswire Contributor

NNPA NEWSWIRE — “In 2016, the poll numbers were wrong and many of the political experts don’t believe President Donald Trump is 13 per cent behind the Democrats in the numbers in 2019. White people love President Trump and when he speaks the place is sold out. The economy is good, and the president can blow his horn.” Are the Democrats leading or is President Trump? There are more than 20 Democratic candidates running for President of the United States, and if you listen to them talk, they all believe they can win the nomination. Everyone knows that most of these candidates know they can’twin, but they canraise money. No individual or agency can keep up with how they spend the money, and the amount is in the billions. This may not make much sense, but in the first debate spanned 2 nights with 20 candidates up on the stage. President Donald Trump and the Republicans are laughing at this spectacle and the polls say the majority of leading Democratic candidates would win the election if it were held today. Quinnipiac University’s polls have been deemed “fake news” by the President.

COMMENTARY:

August 21, 2019 - August 27, 2019

Do Americans believe the polls? “The Fake News has never been more dishonest than it is today. Thank goodness we can fight back on Social Media. Their new weapon of choice is Fake Polling. Sometimes referred to as Suppression Polls and they suppress the numbers. Had it in 2016, but this is worse,” says President Trump in a Tweet. Many Americans say the President is wrong, but the Quinnipiac University poll numbers do appear to be incorrect, because 60% of White people support President Trump and that number could be higher. President Trump is always talking about how much he loves America, and it appears that most White Americans love him right back. White Americans have been searching and looking for a savior, and President Trump is someone they can believe in. Almost their entire life, White folks have been looking for an individual they can put their trust in, and President Trump is their man. “Make America Great Again” is essentially a code slogan that means “Make America White Again,” and it is working under Trump’s administration. Most Americans are not looking for a minister to be the president, and most are comfortable if he does not tell the truth and breaks some rules. Many politicians are lawyers and they go to school to learn how to bend, stretch, and change the laws, and there is nothing wrong with lying as long as you don’t get caught. President Trump

has changed the rules, because he does not care if he is caught lying. In fact, the President will say one thing one day and say something totally different the next day. Our president believes the system is set up for White men to rule, and when you are caught with your hand in the cookie jar, most of the time money has a way of fixing problems. The Mass Media in America has awesome power and it can turn a criminal to a saint, and a saint into a criminal. Americans are lazy, and they wait for the news to give them information and it does not matter if it is right or wrong. According to the Quinnipiac University polls, Mr. Trump trailed Mr. Biden – the clear frontrunner thus far in the Democratic primaries – by a whopping 13 per cent, while Bernie Sanders, Kamala Harris, Elizabeth Warren and others also hold strong advantages. Trump says these are made up numbers that don’t exist. In 2016, the poll numbers were wrong and many of the political experts don’t believe President Donald Trump is 13 per cent behind the Democrats in the numbers in 2019. White people love President Trump and when he speaks the place is sold out. The economy is good, and the president can toot his own horn. The Democrats are all over the place, and the Republicans are in line and following their leader. It is hard to beat

iStockphoto / NNPA) Trump especially since the economy is good. And don’t underestimate the love affair between the President and White America. According to the Quinnipiac University polls, Mr. Trump trailed Mr. Biden – the

clear frontrunner thus far in the Democratic primaries – by a whopping 13 per cent, while Bernie Sanders, Kamala Harris, Elizabeth Warren and others also hold strong advantages.

What goes up must come down

By Julianne Malveaux DAYTONA TIMES — There is much to object to about No. 45’s presidency – his hateful racial rhetoric, his attacks on women and people of color, his appointment of extremely young and inexperienced members of the federal judiciary, his rollback of environmental protections, his attacks on public education, and more. There is much to object to about No. 45’s presidency – his hateful racial rhetoric, his attacks on women and people of color, his appointment of extremely young and inexperienced members of the federal judiciary, his rollback of environmental protections, his attacks on public education, and more. But his economic stewardship, an arena

he claims to have mastered, is as repulsive as his noneconomic stewardship. Many of his minions have, albeit gently, criticized the ways he has managed the economy. His trade wars, especially with China, may stand at the top of the list. China won’t pay He says that China will pay when he, most recently, announced that he would impose a ten percent tariff on $300 billion worth of imports from China. The Chinese won’t pay. U.S. consumers will. And U.S. producers and manufacturers will also pay when China retaliates against us, as they have promised to do. To be sure, China has been a “bad actor” in trade relationships with the United States. But No. 45’s intemperate and ill-advised tantrum will not only affect many in the United States –including farmers, manufacturers, and consumers – but may also play a role in slowing down the world economy. For the first time in a decade, the Federal Reserve has reduced the interest rate by a quarter-point. Cutting the interest rate during the early recovery from the

Great Recession was an effective way to lower the cost of money and, theoretically, put more money into the economy for expansion. No trickle-down In reality, cheaper money didn’t trickle down to homeowners or consumers, but it did generate GDP growth. Now growth is slowing, partly because of Trump’s trade wars, and partly because his tax cuts have not trickled down, and people don’t have as much money to spend as they’d like. Interest rate cuts are a clear sign that our nation’s bankers are not confident that economic expansion will continue to be robust. Many of No. 45’s allies tout low unemployment rates as evidence of economic strength. And the July 3.7 percent unemployment rate, unchanged from June is indeed a ten-year low. The Black unemployment rate is at an all-time low. And last month, 164,000 more jobs were created, labor force participation rose, and the number of discouraged workers declined. Why no celebration?

20

Firstly, because wage growth is slow. In a tight labor market, with low unemployment rates, wages should be increasing by more than the 3 percent annual rate they are growing at now. Further, although there is slight improvement in labor force participation, and fewer workers holding part-time work for economic reasons, tepid wage growth suggests that while jobs are available, they aren’t necessarily goodpaying jobs. Slow wage growth and a slowing economy are likely to lead to a new recession. Economist Heather Boushey says that increasing inequality makes a recession more possible than it otherwise might be. And this administration does not mind increasing inequality. Most recently, they have proposed cuts to food stamp programs that will leave at least three million people – low-income workers and their children, people with disabilities and some older Americans, vulnerable to hunger. The Senate just passed a budget that will increase military spend-

ing by more than $750 billion and will cut spending on food. Less to spend Economic expansion depends on people spending money, and too many have little to spend. The food stamp cuts give some even less. Increased prices of goods imported from China gives them less to spend. And the administration team that touts economic strength on the one hand is undermining both growth and poverty alleviation, on the other. What goes up must come down. Can the No. 45 economic team manipulate the economy to continue expansion through the 2020 election, or will attacks on the poor result in less spending, less expansion, and an economic catastrophe? Julianne Malveaux is a Washington, D.C.-based economist and writer. Her latest book, “Are We Better Off? Race, Obama and Public Policy,” is available at www.juliannemalveaux.com. This article originally appeared in the Daytona Times.


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.