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October 25, 2020 | Why a Trump Victory Would Set Black Americans Free

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

directly to his son’s shady business deals and the huge kickbacks they’ve generated over the years. No, I’m talking about something even more unexpected: It’s becoming cool for African Americans to vote for Trump and to openly support him. Rapper Kanye West started things rolling in April with a full-throated endorsement that caused jaws to drop in the entertainment world. He took a lot of heat for it but stood his ground, contending the Trump had done more for blacks in three short years than the Democrats have accomplished since the Civil Rights Act became law more than 50 years ago.  Although Kanye later decided to run or president himself, his pro-Trump message continued to reverberate in the black community. Now it has emboldened some of the rap world’s biggest stars, including Ice Cube and 50 Cent, to openly declare their support for Trump. After checking out Biden’s tax proposal, the latter reportedly was concerned it would reduce him to 20 Cent. His endorsement, along with a few others that have followed, including most recently from Waka Flocka Flame, have helped push the President’s approval rating among African Americans to 46%, up from 25% just a week ago. This is according to the latest Rasmussen survey, and even if these numbers turn out to have been way off, no one doubts that Trump has picked up a significant number of African American votes since 2016.

Undeniable Job Gains

Biden’s miserable performance in the second debate, including a half-dozen lapses into senile babble, undoubtedly contributed to the Rasmussen result. But there is something far bigger at work. It began in the streets of Seattle and Portland last summer, when riots aimed at “the Establishment” caused many deaths and billions of dollars in property damage. Both of these cities, like virtually every other big American city in which rioting and looting took place, have been run by machine Democrats for generations. Although the legacy news media tried to downplay this telling fact, it was not lost on black Americans. Nor were pleas by many black city dwellers to increase police protection rather than defund it, as numerous high-profile Democrats are advocating. Into the breach stepped some high-profile rappers. They have become the first super-influencers to openly acknowledge the obvious — i.e., that Trump has done far more for black Americans than any Democratic president — most notably Barack Obama, whose divisive rhetoric set race relations in the U.S. back a hundred years. Post-Obama unemployment among African Americans and Hispanics reached an all-time low before the pandemic hit — respectively, 5.5% and 3.9%. Try as the Democrats and their friends in the news media might, efforts to blame Trump for job losses caused by the pandemic have failed to get traction.

GOP’s Urban Innovation

Trump didn’t mention it in either of the two debates, but the EnVision program headed by HUD’s Ben Carson is one of the most innovative urban renewal solutions ever attempted. Speaking as a former resident of Atlantic City, where unemployment is close to 50%, I can attest that it is the only plan offered to date that is capable of bringing the slum-ridden town back to life. Ironically, it was a government program hatched by the Democrats that helped destroy the resort in the first place. An 80-acre neighborhood of beautiful but dilapidated 1930s homes was plowed under to prepare for an urban renewal program that never happened. Government red tape tied up the project for so long that the key developers simply walked away.

In 1971, one of my first assignments as a fledgling reporter for the Atlantic City Press was a five-part series documenting the myriad failures of Lyndon Johnson’s ‘War on Poverty’. This epic boondoggle was enabled by the Office of Economic Opportunity, and it used the same urban renewal model that helped wreck so many other cities. The Democrats are directly to blame for this, and for blowing an estimated $20 trillion dollars over decades on failed attempts to eliminate poverty. It took Biden’s empty, dishonest boasts about helping African Americans to provoke rappers to set the record straight. Their activist role in the campaign promises to free blacks from the helpless state of dependency Democrats have imposed on them since the Civil War.  It is yet one more reason why Trump is going to win by a landslide.

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October 25th, 2020

Posted In: Rick's Picks

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