Chapter 1 Part 1 : Riots / The Economy / Wisconsin Governors Race
Kenosha Wisconsin, 2020. Kyle Howard Rittenhouse is an American man who shot three men, two fatally, during the civil unrest in Kenosha, Wisconsin, in August 2020 when he was 17 years old. Joe Rogan Famously said” This kid was basically playing cop, he’s not a White Supremacist.”
How did Kyle help change the election? Before we go on I’m going to curse possibly, and I’m most likely going to upset people. It’s not intentional, you know, upsetting you, but I have to tell the story.
Enter Rebecca Kleefisch:
In the November 2010 general election, she won election on a single ticket as Walker’s running mate. Kleefisch spent eight years as lieutenant governor under Walker.
Along with Walker, Kleefisch played a major role in supporting and promoting the $3 billion incentive package to Foxconn.
Snippet below From wpr.org :
Kleefisch first built her political brand in her 2010 campaign for lieutenant governor. She was a former TV reporter who introduced herself to voters as a minivan-driving mom who was fed up with state government. The next year, she stood by Walker as he introduced his landmark changes to union laws. And in 2012, Kleefisch became the first lieutenant governor in U.S. history to survive a recall election.
This period in Wisconsin history — in Kleefisch’s personal history — earned her goodwill among some GOP activists that she still enjoys today. She got cheers during a recent speech to Republicans at a picnic in Verona, and afterward, while Kleefisch was being interviewed, she received a friendly interruption.
“Go Rebecca!,” yelled a woman from across the park.
“Thank you! Love you guys!,” Kleefisch yelled back, smiling.
“It’s stuff like that, all over the state,” Kleefisch said, returning to the interview. “That’s how I know we have tremendous momentum. It feels very much like the end of 2010 to me.”
There are parallels between that 2010 campaign and this one. Democrats control the White House and Congress. Historic trends suggest this could be another Republican year.
But Kleefisch, despite her legacy and years of laying the groundwork for this run for governor, is in real danger of losing her primary to Republican construction executive Tim Michels.
Kleefisch secured key endorsements early in the race, but some of Wisconsin’s biggest GOP donors never warmed to her, and whispers that another Republican might enter the race never went away.
There are also tangible signs that the Republican electorate of 2022 is significantly different from the voters who first elected Kleefisch in 2010. Former Republican President Donald Trump built a different, more heavily rural coalition. Kleefisch, and her suburban GOP base, may not carry the weight they did a dozen years ago.
Enter Trumps Economy:
Claim: President Trump says he built the greatest ever US economy prior to the coronavirus outbreak and that now it’s recovering faster than ever.
Reality Check verdict: It’s true the economy was doing well prior to the pandemic – continuing a trend which began during the Obama administration – but there have been periods when it was much stronger.
The US economy was then hit by the biggest economic contraction ever recorded as a result of the pandemic. It has since bounced back strongly, but hasn’t regained all its losses.
The latest numbers show economic output surged by an annualized 33% in the third quarter of 2020, following a record fall as a consequence of the coronavirus pandemic.
The recovery, although strong, hasn’t yet brought economic activity back to pre-pandemic levels.
Mr Trump has said the recent recovery in growth is “the biggest in the history of our country by almost triple…that’s bigger than any nation”.
Yes, it is the biggest quarterly increase, but by more like double – outdoing the previous peak of 16.7% in the first quarter of 1950.
However, Mr Trump’s comparison with other countries isn’t right. From July to September this year, the economy grew by 7.4% in the US (33.1% is the annualised figure). This is less than Germany, Italy and the eurozone as a whole.
If you look at economic growth from the start of the pandemic to the present, the US has done better than Europe but “worse that China and some other Asian economies” such as South Korea, says Neil Shearing, chief economist at Capital Economics.
During his first three years in office, President Trump oversaw an annual average growth of 2.5%.
The last three years of the Obama administration saw a similar level of growth (2.3%).
Prior to the recent post-pandemic fluctuations, if we look at growth rates as far back as comparable records allow, it’s clear there have been frequent periods when the growth of GDP – the value of goods and services in the economy – has been significantly higher than under President Trump.
In the early 1950s, for example, annualised GDP growth rate periodically exceeded 10%.
Short presentational grey line
Dow Jones chart
President Trump often highlights the rising value of US financial markets as a measure of success – in particular the Dow Jones Industrial Average.
The Dow is a measure of the performance of 30 large companies listed on US stock exchanges, and it reached record highs at the start of this year.
It then crashed as markets reacted to the coronavirus pandemic, wiping out all the gains made since President Trump took office.
But the financial markets have been remarkably resilient and have largely recovered back to near pre-pandemic levels, although there have been recent wobbles.
Prior to the pandemic, President Trump claims to have delivered the lowest unemployment rate in half a century.
This is true. In February this year, the rate stood at 3.5%, the lowest for more than 50 years.
However, the Obama administration added more jobs to the economy, comparing similar time-frames.
Under Trump, in the three years prior to the pandemic, there were an additional 6.4 million jobs. In the last three years under Obama, seven million jobs were added.
As in many parts of the world, coronavirus lockdown measures very quickly led to soaring levels of unemployment in the US.
The rate jumped to 14.7% in April, the highest level since the Great Depression of the 1930s.
The US Labor Department says more than 20 million people lost their jobs, eliminating a decade of employment gains in a single month.
Since the peak in April, unemployment has fallen back significantly to 7.9% in September.
Real wages (adjusted for inflation) grew throughout Trump’s first three years in office – continuing a steady upward trend which began during the first of President Obama’s two terms.
This growth reached 2.1% per annum in February 2019, prior to the pandemic.
This is lower than the real wage increases of up to 2.4% that President Obama oversaw in 2015
The rapid increase in average earnings then seen at the start of the coronavirus lockdown were largely as a consequence of the lowest-earning Americans losing their jobs at a disproportionate rate, following the economic downturn.
With lower wage-earners out of jobs, the average hourly wage data skewed sharply upwards.
Average wages have since started to fall back, as economic restrictions have eased.
President Trump claimed in 2019 that he had delivered “the largest poverty reduction under any president in history”.
In 2019, around 4.2 million fewer people were living in poverty in the US compared with the previous year, according to official data.
This is a significant drop, but not the largest reduction in history.
The US Census Bureau has published this poverty data since the end of the 1950s. The largest fall in a single year was in 1966 during the administration of President Lyndon B Johnson, when almost 4.7 million people were lifted out of poverty.
The financial crisis of 2007/8 and subsequent economic downturn saw sharp rises in poverty, which only began to decline from around 2015 during the Obama administration, with a growing economy and rising levels of employment.
Food banks in the US face continued demand as unemployment due to the pandemic persists.
The continued strength of the economy under President Trump (at least until the pandemic hit) has been matched by a continuing fall in the poverty rate.
This overall national figure masks wide variations across regions and ethnic groups in America. In 2019, while 10.5% of the population was defined as living in poverty, the figure for black Americans was 18.8 and for white (non-Hispanic) Americans it was 7.3%.
Q3 2020, GDP partially recovered to $18.6 trillion, an increase of $1.3 trillion or 7% from the trough (33.1% annualized). Measured from Q4 2016 to Q3 2020, GDP increased by $0.7 trillion or 4%, which represented an annualized average growth rate of 1.0%, the slowest among post-WW2 Presidents.
Data Provided By Stephen Moore’s Trumponics and Wikipedia Data
The economic policy of the Donald Trump administration was characterized by the individual and corporate tax cuts, attempts to repeal the Affordable Care Act (“Obamacare”), trade protectionism, immigration restriction, deregulation focused on the energy and financial sectors, and responses to the COVID-19 pandemic.
Over his term, Trump reduced federal taxes and increased federal spending, both of which significantly increased federal budget deficits and the National Debt.The positive economic situation he inherited from the Obama administration continued, with a labor market approaching full employment and measures of household income and wealth continuing to improve further into record territory. Trump also implemented trade protectionism via tariffs, primarily on imports from China. During Trump’s first three years in office, the number of Americans without health insurance increased by 4.6 million (16%) while his tax cuts were projected to worsen income inequality.
Trump took office at the height of the longest economic expansion in American history. The 128-month (10.7-year) economic expansion that began in June 2009 abruptly ended at a peak in February 2020, with the U.S. entering a recession due to the COVID-19 pandemic.The U.S. unemployment rate, which had hit a 50-year low (3.5%) in February 2020, hit a 90-year high (14.7%) just two months later, matching Great Depression levels. In response, Trump signed the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) on March 27, 2020 which helped maintain family incomes and savings during the crisis, but contributed to a $3.1 trillion budget deficit (14.9% GDP) for fiscal year 2020, the largest since 1945 relative to the size of the economy.
Trump left office with 3 million fewer jobs in the U.S. than when he took office, making Trump the only modern U.S. president to leave office with a smaller workforce. Throughout his presidency, Trump characterized the economy as the best in American history.
Despite saying during the 2016 campaign he would eliminate the national debt in eight years,Trump as president approved large increases in government spending, as well as the 2017 tax cut. As a result, the federal budget deficit increased by almost 50%, to nearly $1 trillion in 2019. Under Trump, the U.S. national debt increased by 39%, reaching $27.75 trillion by the end of his term; the U.S. debt-to-GDP ratio also hit a post-World War II high.Analysis has suggested that the economy would have grown without any intervention by the Trump administration.
Democrats in my research were losing grip of minorities and the poor , this dude that got a high amount of black voters was a threat.
Did minorities do better with Trump?
Did Trump get out checks to people during the pandemic?
Did people feel safer with Trump?
Enter Kenosha Riots:
I was talking to gang members whose main objective during this time was to go to Kenosha and shoot cops and burn the city down. I had multiple people in the streets tell me if Trump gets re-elected they would tear this mutha____ up.
So when white conservatives said that it really wasn’t false. But even before I heard people say that , it wasn’t a very hard conclusion to make.
Insert Kyle Rittenhouse, kid playing cop, did help some people, shouldn’t have been there.
The media knew that BLM, the rioters, and the protesters equal ratings so they constantly ran stories on the unrest.
But let’s go back to the why…………. Oh yeah, the guy, James, no it’s John, oh yeah Jacob Blake. Jacob is a product of when you don’t have consequences at school, or when people think they don’t have to answer to authority.
Even Jacob’s mom said she had the utmost respect for Trump in the beginning.
The media outlets in my opinion turned the guys who were shot into protesters with a purpose killed by a racist in the White House. It really was all Trumps fault, Charlottesville was also? That’s the narrative. Republicans focused on the crime narrative when a lot of their voters don’t have to worry about crime like that.
The media knew it.
Next Chapter 2 Part 1