Welcome to The Simple American/ Biden Drops Out

Happy Monday,

Welcome to The Simple American 🇺🇸 

This will be a daily newsletter giving people the main bullets of what is going on in the U.S. and how that effects you… the American Citizen. This Newsletter will talk about the issues happening in the country and what that means for middle America.

What is happening…

-Biden drops out of the 2024 Presidential Race, endorses Kamala Harris

-The U.S. economy appears to be slowing down

-The Republican party is fully unified supporting Trump and how the old GOP has lost touch

-The Democratic Party will be looking for a new candidate coming this election as on Sunday President Biden has announced he will drop out. There was no real flare in this dropout as opposed to the last time we had a President dropped out during the election year. In 1968, Lyndon Johnson spoke from the Oval Office in which he ended by saying “I shall not seek and I will not except the nomination of my party for another term as your president.” Biden has said he will address the nation later this week.

What does this mean?

Biden has already endorsed his Vice President, Kamala Harris, to be the nominee. However, at this moment the Democratic National Committee has announced it will be an open for others at the convention, meaning other candidates can step up to the plate and challenge Harris for the nomination. Could we see California Governor Gavin Newsom make a run? Or Michigan Governor Gretchen Whitmer? It is very possible. Another possibility is independent candidate Bobby Kennedy converting back to a Democrat and making one last effort to get nomination, which would certainly be a crazy turn of events in the craziest political year this country has seen since 1968.

-Next on the agenda is that the U.S economy appears to be slowing down. The United States has seen an uptick in unemployment which sits at about 4.1% right now. Despite the White House saying “we have added hundreds of thousands of new jobs this month” blah blah blah the American people know the economy is not good. Though unemployment is low, the new jobs the government claims to be adding are part time jobs, many of which are jobs that people who already work are taking because they need another job to deal with the rising costs of everything we have seen over the last 3 years. Inflation still sits above 3% even though the Federal Reserve has refused to keep raising interest rates to try and lower that. This basically means prices are still rising faster than they should and people are now starting to lose jobs. Buckle Up.

-The Republican party held its convention this last week, in which they are fully unified behind the Trump/ Vance ticket. Trump had already started to pull away from Biden in the polls following the debate and is still leading heavily in key swing states. Following the assassination attempt the “MAGA” love for Trump has grown even stronger.

Following the convention an old video From 2011 surfaced of President George W. Bush in which he spoke of the three evil “isms” of Isolationism, Protectionism, and Nativism.

This video gained traction to show how different the Republican party now is. However can you blame people for wanted to be isolationist? When the average American who is probably struggling to find a job, pay for food, support their family, etc. and sees billions of dollars being shipped off in foreign aid that is not going to sit right with people. It seems as though our government cares more about other countries than its own citizens, which like it or not has fueled the Trump movement. The reality as well is the U.S. is not in the financial position to support these countries aboard now. We are more than 34 Trillion in national debt and have been over-expanded militarily for decades. Now this money that we send abroad is printed therefore raising costs at home and decreasing the purchasing power for the average American.

Protectionism follows that as well and again can you blame Americans? Many industries has been killed in recent decades do to globalism and jobs being shipped overseas. Of course Americans are going to be anti trade and want to keep jobs here. Though protectionism is not the best way to do that.

Lastly Nativism, when millions of undocumented immigrants are shown flowing into the country people are going to be upset. Especially when the U.S. now has to pay for these people when our own citizens are struggling. Milton Friedman once said something along the lines of you cannot have both and open border and a welfare state. That is abundantly clear today. So can you really be shocked with the new Republican party? The answer is no. Politics changes all the time and we are living through a change on both the right and left, which has been enflamed and caused by poor decisions in D.C.

Quote of the Day: “The only way out of poverty is with more Freedom” - Javier Milei

Thank you for reading! Please feel free to respond with any questions or suggestions you have!

Have A Great Day!