I usually try to avoid offering political commentary, however, considering the high stakes of the upcoming election drastic times call for drastic measures. Recently, one of my clients made a comment that caused me grave concern about the propaganda coming out of the White House. This individual was saying how fortunate we are to have Donald Trump as our president and if Joe Biden is elected, how African Americans will lose significant progress made over the past four years. Due to the long-term ramifications of an election outcome, I decided it is my responsibility to help set the record straight. Like a wolf in sheep’s clothing, our infamous president continues to spew political rhetoric. Yet, behind closed doors he’s undermining much of the progress made by his predecessors.

FAIR HOUSING ACT

Donald Trump continues instill divisiveness by stoking Caucasian’s fears of people of color. He is sowing the seeds of fear with racial outburst at “all of the people living their Suburban Lifestyle Dream,” who he indicated would find themselves living in a multi-racial nightmare if Joe Biden is elected. The vast Black vs. White disparities in housing are the foundation of America’s systemic racial inequalities, and Caucasian’s of all political persuasions are reluctant to upset the status quo.

President Trump recently stated at a virtual rally, “People have gone to the suburbs. They want the beautiful homes. They don’t have to have a low-income housing development built in their community…which has reduced the prices of their homes and increased crime substantially.” Consequently, Trump rescinded a rule issued by the Obama administration in 2015, that required localities to track recurring issues around housing discrimination and create detailed plans for how to fix those problems.

AFFIRMATIVE ACTION

This administration lacks a commitment to meaningful racial diversity in education or to the kind of affirmative action policies that encourage it.

Under former President Barack Obama, the United States Department of Education and the United States Department of Justice jointly issued guidance that explains how educational institutions can lawfully pursue voluntary policies to achieve diversity or avoid racial isolation within the framework of Titles IV and VI of the Civil Rights Act of 1964, the Equal Protection Clause of the Fourteenth Amendment to the U.S. Constitution, and current case law.

The Trump administration is very skeptical about race-conscious admission policies in higher education and last July withdrew the above referenced guidance that arguably interpreted court decisions on affirmative action in a way that encouraged the use of race.

UNEMPLOYMENT

According to Forbes magazine, the official unemployment rate was 11.1% in June, but that does not portray the full picture. For the fourth month in a row there were millions of people whose employment status was misclassified. This has been caused by the surveyors working from home and not having access to all the tools they normally use.

In March there were 1.4 million people misclassified. If they had been correctly allocated the unemployment rate would have been 5.3% versus the reported 4.4%.

In April there were 8.1 million people misclassified. If they had been correctly allocated the unemployment rate would have been 19.5 % versus the reported 14.7%.

Even with the positive jobs results the past few months, the unemployment rate and the number of unemployed people under President Trump’s administration are still at the worst levels than at any time during President Obama or the Great Recession. At the height of the Great Recession in 2010, unemployment reached 9.9% and steadily declined year after year until it bottomed out at 3.7% in 2019. This unprecedented downward trend was the result of the economic recovery plan put in place under President Obama. President Trump simply benefited from the work of his predecessor.

FEDERAL JUDGE APPOINTMENTS

Donald Trump has appointed and the Senate has confirmed 197 Article III federal judges through June 1, 2020, his fourth year in office. This is the second-most Article III judicial appointments through this point in all presidencies since Jimmy Carter (D). The Senate had confirmed 228 of Carter’s appointees at this point in his term.

The average number of federal judges appointed by a president through June 1 of their fourth year in office is 176.

The median number of Supreme Court justices appointed is two. Along with President Trump, Presidents Barack Obama (D), Bill Clinton (D), and George H.W. Bush (R) had each appointed two Supreme Court justices at this point in their first terms.

The median number of United States Court of Appeals appointees is 32. Trump appointed the most with 51, while Reagan appointed the least with 25. Trump’s 51 appointments make up 28% of the total 179 judgeships across the courts of appeal. The median number of United States District Court appointees is 142. Carter appointed the most with 176, and Reagan appointed the fewest with 109. Trump has appointed 142 district court judges so far. Those appointments make up 21% of the 677 judgeships across the district courts.

Article III federal judges are appointed for life terms by the president of the United States and confirmed by the U.S. Senate per Article III of the United States Constitution. Article III judges include judges on the: Supreme Court of the United States, U.S. courts of appeal, U.S. district courts, and the Court of International Trade.

If you listen to all the rhetoric coming from the President about what he has done for the African American community, you will be misled. When the show is over and you pull back the curtain, you will see the true essence of the man. In the words of the O’ Jays, “smiling in your face, the back stabbers” arguably describes the 45th President of the United States. Before casting your vote in November, it is imperative that you make it your business to get the facts as it relates to President Donald Trump.

If you would like to begin a new chapter in your financial life, do not hesitate to give us a call, at 614-468-1660 for a complimentary consultation.

Darren, a Columbus, Ohio native has earned degrees in Business, Accounting, and an MBA. He has over twenty-five (25) years’ experience in financial services. The Ohio Company, First Union Securities, and Merrill Lynch were instrumental in his career prior to starting his own Wealth Management Firm, Wealth Conscious LLC, (614) 468-1660, www.wealth-conscious.com. He holds his Series 65 and Life and Health licenses. Investment advisory services are offered through Foundations Advisors, LLC an SEC Investment Advisor Representative.