After reviewing the 2024 electoral math and data, it is fairly obvious that former President Donald Trump has a much easier path to victory than in 2020 as he is up 6 points higher than he was in 2020. Here are some Leadership 101 statistics from the last 3-4 years that highlight key policy failures which hurt Americans the most.
Many key aspects of government have become 300% or more worse in the last 4 years. This triple failure in almost every critical area of government is inflicting damage on families, seniors, retirees, children, teachers, and unions. Can working families survive another 4 years of this devastation.
Here is a list of some of the worst Triple Failures in the last 4 years.
1. Triple the Death – COVID Death Tripled after Trump left office according to the CDC. [i]
2. Triple the Inflation – According to the Federal Reserve, since 2021, inflation and interest burdens have tripled on mortgage interest, student loan interest, auto loans, small loans and credit cards. Annual Rates at 25% hyperinflation interest for some card holders. [ii]
3. 10 Times Worse for Minorities and Women - Border Security is 1000% worse . This administration has allowed 10 million new immigrants to steal jobs and affordable housing from black and brown US citizens : Since 2020, the U.S. southern border has seen a significant failure in security and migrant crossings, with hundreds of poor children and immigrants dying while attempting to cross. [iii]
4. Joblessness Tripled – Unemployment at about 10% now. [iv] Presently, the USA is a subsidized economy with few good jobs: - While millions of phony jobs are posted online, 10 million or more were removed from the worker rolls by the government. Even if you make $20 dollar an hour, you can’t afford rent and food, housing, and utilities.
5. Gas Prices Pummeled Families and Farmers for 4 years Straight : Gasoline prices in the U.S. surged to over $5 per gallon in June 2022, the highest on record making travel, utilities and gas unaffordable.
6. Unaffordable Food : Global food prices reached a 10-year high in 2021, driven by supply chain disruptions, bad energy prices, and increased demand . [v]
7. Global Wars and Triple the Conflicts : The number of global conflicts has increased, with significant hotspots in Ukraine, Syria, Gaza, and Yemen, contributing to global instability. Global supply chains in key areas have been totally destroyed while driving up the cost of medicine, chips, and merchandise.
While Obama and Clinton had horrible failures in Afghanistan, Libya, Iraq, ISIS, Yemen, Syria and other areas, their mistakes did not drive up the cost of oil by 100% . The Russia conflict without diplomacy has helped drive up the cost of battery power and heating oil worldwide. The amount of money spent on Ukraine alone could have paid off almost all credit card debt for Americans under 40.
8. National Debt - Tripled Interest : The interest on national debt Tripled in the last 4 years. Thus, it costs over a $1 Trillion per year just in interest on the debt. [vi] This extra interest each year cost about $500 Billion. So, you could buy 1,250,000 homes each year costing $400,000 each with $500 billion.
9. Triple Number of Americans Are Worse Off – 65% say Family Security Devastated : Household debt in the U.S. reached new levels of danger and peril. Shockingly, 65% of Americans worse off for 4 years straight since Trump left office. [vii]
10. Triple the Debt Burden - Credit Card Debt: U.S. credit card debt hit the worst levels in history primarily because the debt burden was tripled by the government. [viii] Many young workers are paying 25% interest on debt with no tax relief. Others pay 10% or more for an auto loan sucking away any extra money for savings or fun.
11.Triple the Credit Bankruptcies: Personal bankruptcy filings in the U.S. increased reflecting financial stress among small business and households . [ix] [x] This week, Forbes says, U.S. Credit Card Delinquency Rates Reach Highest Levels in 12 Years.
12. Triple the Student Loan Debt Burden: U.S. student loan debt reached $1.75 trillion in 2022, with millions of borrowers struggling to make payments because they were all overcharged by up to 300 Billion over the last 4 years . [xi] While Biden and Harris tried to give some of the overcharges and gouging back to borrowers, it seems illegal to do so.
With the failures of policies on energy and inflation, crime and border control, and family debt explosion, this entire 4 year experiment has been a total disaster for the majority of Americans where workers, teachers, union members, and minorities have literally been kicked in the gut with horrible policies.
In a report this week from WalletHub, a ranking was released of the 100 largest U.S. cities where credit card, auto loan, and personal loan debt is increasing the most. In the top ten were parts of Las Vegas, NV, Albuquerque, NM, Madison, WI, and Phoenix, AZ area.
These are all critical swing states that are obviously getting hit the hardest right now with inflation, crime, illegal migration, and economic failures . [xii] As with Bill Clinton and Obama, the voters don’t care how weird your past is, but rather voters do care if you are up for the job and are willing to do the work. The cover up of the recent campaigns and health of candidates is a sad chapter in our nation’s history.
Overall, the burden on Americans may be severe enough to get them to re-elect Trump as President. Time will only tell. If enough workers feel that their benefits and opportunities will only increase with Trump, he could win a large victory again like he did in 2016 when the New York Times gave him little or no chance of victory. Presently, Trump is polling 6 points higher than in 2020, and he seems to have a much better path to victory than in 2020. [xiii]
________________
Commissioner George Mentz JD MBA CILS CWM® is the first in the USA to rank as a Top 50 Influencer & Thought Leader in: Management, PM, HR, FinTech, Wealth Management, and B2B according to Onalytica.com and Thinkers360.com. George Mentz JD MBA CILS is a CWM Chartered Wealth Manager ®, global speaker - educator, tax-economist, international lawyer and CEO of the GAFM Global Academy of Finance & Management ®. The GAFM is a EU accredited graduate body that trains and certifies professionals in 150+ nations under standards of the: US Dept of Education, ACBSP, ISO 21001, ISO 991, ISO 29993, QAHE, ECLBS, and ISO 29990 standards. Mentz is also an award winning author and award winning graduate law professor of wealth management of one of the top 30 ranked law schools in the USA.
[i] COVID Deaths Tripled After Trump Left Office | Newsmax.com
[ii] Federal Reserve Board - Federal Reserve issues FOMC statement
[iii] The Erosion of Border Control and Its Threat to National Sovereignty | Hoover Institution The Erosion of Border Control and Its Threat to National Sovereignty
[iv] US Claims 3.8% Unemployment. It's at Least 10%. | Newsmax.com
[v] George Mentz: Inflation & Hidden Taxes Hit Working Folks the Hardest | Newsmax.com
[vi][vi] U.S. Debt Interest Payments Reach $1 Trillion (visualcapitalist.com)
[vii] High inflation made finances worse for 65% of Americans last year | CNN Business
[viii] USA Hyper-Inflation – 157% in Past 3 Years | Newsmax.com
[ix] Corporate debt defaults rose steeply in 2023 - Marketplace
[x] This Week In Credit Card News: Card Delinquencies, Debt Point To Tough Times Ahead (forbes.com)
[xi] Washington Has Overcharged Middle Class $1T in Interest | Newsmax.com
[xii] Cities Where People Are Adding the Most Debt (wallethub.com)
[xiii] Election 2024: Trump 49%, Harris 44% - Rasmussen Reports®
© 2024 Newsmax Finance. All rights reserved.