Market Goes Down Blame The Media-Podcast 631

Sudden scandal engulfs Washington. A one day market drop is blamed on media ‘persecution’ of the president. Is this possible? Can the media cause a drop in the markets? In Market Goes Down Blame The Media-Podcast 631.

Russia Was A Dead Issue. Then Trump fired Comey

Not too long ago we were talking about ACA repeal, Tax Reform and Foreign Policy. The only people talking about Russians and Trump were the former Democratic Presidential Candidate and the new chair of the Democratic National Committee. Then, Trump fired the FBI director. That put Russia and Putin back on the front burner.

Trump’s Twitter Feed and Political Mistakes

Now, we’re talking about the latest White House debacle. Not congressional progress on key economic issues. Seemingly, without warning, the market is down! It has to be the media’s fault! Right? We’ll talk about it in Market Goes Down Blame The Media-Podcast 631.

Why Invest?

Investors put their money in markets in the hopes of taking advantage of future growth. With the election of a business man as president, some investors were willing to bet on the future. Health Insurance and Tax Reform. A stronger US Foreign Policy. Less regulation. Progress on the kinds of economic legislation that seeds growth. Or at least that’s the story.

Things Aren’t Getting Better

Truth is, the US economy has been holding in place for nearly ten years. While the markets have been fueled by central banks buying securities and low interest rates, main street has been struggling. The business man president who was supposed to fix main street has done nothing but make speeches, sign executive orders and complain about the media coverage he’s getting. Meanwhile, 1st quarter US Growth was a mind-blowing .7 percent.

The US President Is Not A King

Fact is, the US Presidency is not a dictatorship. US presidents are answerable to congress, the courts and the law, not to mention state and local governments. The presidency itself is mainly a political office. To be effective and memorable, a president’s agenda has to be backed up with legislation. That means the president has to work with congress to get it done.

Rhetoric Doesn’t Work

President Trump has a lot of ideas. He talks about them all the time. Talk is cheap. There’s no action on Tax Reform, ACA Repeal, the Budget, Regulation Reform and trade. Why? Not because of the media. We have a president who likes to talk. He doesn’t like to lead congress to take action. In Market Goes Down Blame The Media-Podcast 631.

Republicans Don’t Want To Talk About Politics Anymore

In January most republicans were on top of all the latest developments in Washington and their new president. They were especially prickly about criticism of Trump. Suddenly they have other things to do. Don’t want to talk about politics. Given the obvious missteps by the president it’s easy to forgive the desire to blame the media for all that is wrong. This time though, the blame lies directly at the president’s door.

Money Talks…Bullshit Walks

Traders want action. Not talk. Investors don’t make decisions on today’s news stories or rhetoric from the president. They’re looking out into the future and investing in future growth. The top political leader in the United States is President Trump. He sits astride a republican White House, Senate and House. Yet, he hasn’t been able to get anything done. Maybe that’s why the markets are down.

Sponsored by X Government Cars

Market Goes Down Blame The Media-Podcast 631

 

 

Has United States Been Socialist For A Long Time? Podcast 625

We hear a lot of words used to describe various political factions in the US. Most will say the US economic system is capitalist but is this just an illusion? Are we socialist? Have we been socialist for a long time? It seems to me, we have. In Has United States Been Socialist For A Long Time? Podcast 625.

Socialism Is Everywhere

Just because a country’s economic system is socialist, does not mean it’s a tyranny. Denmark and Canada aren’t dictatorships. Singapore is a Socialist Market Economy. Places where ‘the people’ own or control the means of production. Most socialist countries these days enjoy democratic political systems.

Government and Non Profits Dominate State Economies

Americans think of themselves as capitalists. The thing is, the top three employers in my state are public institutions. Americans depend on social security, medicare, or medicaid ‘entitlements’. Home buyers get tax subsidies. We enjoy many tax deferred investment options. Farmers get subsidies. Public workers get pensions. All kinds of grants for education exist. Then there are the business subsidies and government contracts. Some popular business personalities receive billions in subsidies from the government. We’ll talk about it in Has United States Been Socialist For A Long Time? Podcast 625.

Both Parties Support Socialism

Democrats complain about light rail projects running through their backyards, but support government programs because ‘It’s the right thing to do’. Republicans complain about big government unless it’s the military, support for their businesses, home mortgage tax credit, social security and 401K programs.

The Right Thing To Do

It’s true that many of these programs date back to the depression in the 1930’s. Also true that creation of these programs came with the best intentions. Whether we like it or not, government is deeply involved in our lives. Of course, what the government giveth, the government takeaway. We’ll talk about it in Has United States Been Socialist For A Long Time? Podcast 625.

Classic Liberalism Is Forgotten

Republicans and Democrats argue the same side of the coin. Both are collectivists. Neither adhere to Classic Liberalism, a philosophy of limited government with the sole purpose of securing a maximum amount of individual liberty, property rights and free markets. While no political scientist would argue the US is Socialist maybe we should consider the possibility we are and have been for some time.

Sponsored by Ryan Plumbing and Heating of Saint Paul and X Government Cars

Has United States Been Socialist For A Long Time? Podcast 625

 

 

 

 

 

 

Podcast 614-Trump and Republican Colossal Fail On ACA Repeal

In Podcast 614-Trump and Republican Colossal Fail On ACA Repeal, everything comes to an end. True in life. True in politics. Voters sent Republicans and Donald Trump to Washington in 2016. One of if not the most important issues was repealing Obama Care. On Friday, March 24th 2016 the president and the republican party made a colossal mistake and broke a major campaign promise to voters.

A Waterloo. A Donnybrook

An ill-conceived ‘repeal and replace’ bill never made it to the floor of the House for a vote. First the President blamed this donnybrook on the republican Freedom Caucus. Ultimately Trump blamed democrats. Blame anyone or anything. Never yourself. Now the president says he will court democrats. My reaction in Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

They’re not listening

The republican rank and file suddenly wonders what happened. Fed a steady stream of fairy tales from the right wing media they thought President Trump had one of the most effective and productive first 100 days in history. What happened? A new president who claimed the government should be run like a business was taught a very important lesson. The United States Federal government is most decidedly not a business. Find out why in Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

Rich Moderate Businessmen Rule

Members of Congress and the Senate have their own ideas about things. Members of Congress and the Senate do not work for the President. The president does not tell members what to do. Rather than lobby effectively, president bluster spent the days leading up to the vote blowing the horn of a semi tractor and bellowing to the press he was a team player. Except when he isn’t.

Is The GOP dying?

This podcaster made three predictions before the election. First, that New York Developer Donald Trump could win the presidency. Second, that an Obama Care repeal would not pass. Third, Trump would destroy the republican party. Two of those predictions have now come true. The third depends on what republican voters do now.

They’re Not Listening

Why don’t they do what we tell them, they cry. The fact is republican congressmen and senators cannot rely on any kind of support structure from the rank and file or grassroots republican rank and file. They don’t do what ‘you’ tell them to do because ‘you’ don’t do anything. A party founded on principle today has no principle and no rudder. What controls the republican party? Rich businessmen who support moderate religious republicans.

Suddenly Trump’s a Democrat?

Whether you’re talking about the US Congress or the ‘republican’ Minnesota legislature, you vote one way, and you get something completely different. Now you have a ‘republican-populist’ president ready to make common cause with the progressive democratic party because he’s miffed at the Freedom Caucus? Principle. There’s that nasty little word again. Let’s talk about it in Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

It’s A New Day When YOU Say

Find out what you need to do to actually make these politicians do what you want. It’s not pretty. It’s not fun saying it. The failure to repeal the ACA is a political mistake of titanic proportions. It will go down in history along side ‘Read My Lips’ and the Isolationist republicans before World War II. All things must pass. Maybe its time for a new day to dawn.

Time to look to ourselves rather than personalities. In Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

Sponsored by X Government Cars.

 

 

Podcast 584-Bob Davis Podcasts Radio Show-58

Podcast 584-Bob Davis Podcasts Radio Show-58. With the Electoral Vote, Donald J. Trump is the official President Elect of the United States. He’ll be sworn in as the 45th President on Friday, January 20th, 2017. As terrible coverage of the election, post election and the events leading up to the inauguration continues, time to shift the conversation toward the challenges ahead. Podcast 584-Bob Davis Podcasts Radio Show-58 my coverage of these challenges.

Last summer I predicted the final outcome of the 2016 election would center on the Great Lakes region of the United States. Ohio, Pennsyvania, Wisconsin, Michigan. The former industrial heartland has been plagued by bad economic and policy initiatives, excessive taxation, corruption and incompetent local governments. It’s not surprising people in these regions would have reached a point where they have had enough.

The new narrative is Donald Trump heralds a new kind of politics in America. Depending on the source, either a darker, jingoistic throwback to the 1950’s, a new kind of Populist-Conservative politics, or a new Centrism. Every politician wants to be thought of as a rail splitter, born in a log cabin. Both Hillary Clinton and Donald Trump come from upper middle class backgrounds. Park Ridge, Illinois and the Jamaica neighborhood of Queens, in New York City are hardly breeding grounds for American Populists.

While the tone of the executive branch might change under Trump the fact is moderate, establishment Republicans and moderate Democrats are still in control of the United States Government. How do we expect this group of out-of-touch politicians to address the challenges we face?

Since 2008 the US has had stimulus, banking legislation, the adoption of The Affordable Health Care Act and a change in Foreign Policy. The result is nominal economic growth, with 63 percent of the eligible workforce sidelined. A foreign policy that was supposed to herald a new era of peace and cooperation, didn’t. Despite major changes in technology, trade and comparative advantage the new story line is Manufacturing’s Greatest Days lie ahead. Is this true? Another initiative of the new administration is to force spending of a trillion dollars on ‘infrastructure’. Will this work? Is this a conservative economic policy approach? With only 8 percent of the work force is employed in manufacturing and construction and most of the rest of us are employed in value added services, one wonders.

Whatever the new president wants to do, it will be processed through the US Congress, State Legislatures and the Courts. With plenty of Democrats in congress and state legislatures ready to put up a good fight, we’ll see how much the GOP and Trump can get done. We’ll also see if the policy they end up with will work to address major challenges of the future.

Massive changes are taking place in our society and the world as the Fourth Industrial Revolution takes hold. While it’s good for Trump supporters and Republicans to celebrate, and for Democrats to prepare their opposition, the question is whether any of the leaders in Washington really understand what is needed for the people of the United States to grow our economy, move forward and prevail in the new world. Sponsored by Brush Studio and X Government Cars.

Podcast 441

Shopping, Trump, Lies & Liquor. Welcome back from the big Thanksgiving weekend. The weeks starts with the National Retail Federation, AKA The Propaganda Ministry for the Big Box Retailers. If they’re not making up stories about how many people will shop the day after Thanksgiving, they’re blaming lackluster retail numbers on … wait for it … The Internet and specifically Amazon.com. This is the latest nonsense cooked up to convince lawmakers ‘something has to be done’, and that something is regulation of the Internet, so people will continue to shop at obsolete brick and mortar retailers located inside something called ‘The Mall’. Do we have data that shows the Internet is killing the Mall? Not really. Meanwhile ‘Black Friday’ is more and more an example of all that is wrong in America, and provides a great ‘look at the fat Americans fighting over flat screen TV’s’ story often seen in the foreign media. Maybe people aren’t shopping because they don’t believe the fairy tail about our growing economy, or because the new job only pays half what the old job pays, or because there’s a double digit health insurance premium. Yeah, right. We’re going to ‘spend the savings on two dollar gasoline’ at the mall. You know, like a tax cut. Meanwhile, Political Information Lag produced a lot of surprises at the Thanksgiving table as relatives discovered each other were rooting for Trump, or Bernie Sanders. Both candidates are outside the ‘establishment’ Republican and Democrat story line. Everyone HATES Washington and they HATE mainstream media charlatans who lie to them, while they work for candidates like Hillary Clinton. Once real people actually start voting, we’ll see whether anti-establishmentarianism is a ‘thing’, or not. Jeb! shouldn’t hold his breath tho. Meanwhile the City of Edina’s liquor store apparently can’t complete with ‘cut throat’ discount liquor stores (that actually have a responsibility to their stock holders to make money; how quaint.) Thus, the Mayor of Edina wants a liquor store tax, to make up the loss. “It’s a good business, and we’re going to stay in it”. Why are municipalities in the business of selling liquor? Bottom line, if government can’t even make money selling liquor apparently its incompetence knows no bounds. Sponsored by Ryan Plumbing and Heating of Saint Paul and X Government Trucks.

Podcast 439

World War III. Thanksgiving 2016 is here, and with it a raft of insane stories pulled from the week’s news, all designed to get your crazy uncle Joe absolutely apoplectic at the Thanksgiving Day table. Turkish F-16’s shoot down a Russian Su-24 Bomber and Syrian ‘rebels’ shoot down a rescue chopper with US provided TOW Missiles. Pass the dressing please. As ‘World War III’ trends on twitter, relax and set the table. According to the President, ISIS is ‘contained’ but we’re being warned to watch out for attacks this Thanksgiving on US and Europe and US citizens all over the world. Donald Trump has so frightened the so called ‘establishment wing’ of the Republican Party, they’ve started a ‘guerilla’ advertising campaign against him funded by … wait for it and drum roll please … supporters of Jeb Bush. Will anyone pay any attention to the republicans when they don’t have ‘The Donald’ to kick around anymore? Rimshot! Meanwhile there’s no shortage of nonsense on the democrat side of the fence either, with Hillary Clinton promising tax credits for people taking care of their parents, and Bernie Sanders suggesting, you know, more free stuff, by rounding up all the rich people and taking their money on Monday … when all that is spent by Wednesday, we’ll have to come up with another scapegoat. Are you going to eat those yams? Woodrow Wilson was a racist but since we can’t actually call a progressive a racist, leave Woodrow alone. And Andrew Jackson too. But Trump? It’s alright to call him repugnant and a racist, because he’s a republican, right? More mashed potatoes please. Numbers on the economy have been revised, and its going great, except for the oil glut, the 25 percent increase in your health insurance premiums and a big build up of inventories. Retail numbers are down because no one goes to the mall anymore. Really? To fix it, we need more focused and efficient government spending, cause we haven’t done that, right? How do I get out of here? Sponsored by X Government Trucks and Ryan Plumbing and Heating of Saint Paul

Podcast 433

Voting Surprises. Elections held on November 3rd, 2015 show the potential for voters to surprise and even shock media, pundits and commentators. Is a Tea-Party Republican victory in the Kentucky Governor’s race a harbinger of surprises to come once people start actually voting in the primaries and caucuses starting February 1st, 2016? Voters in Ohio rejected legalizing Marijuana, Democrats in Virginia lost their bid to gain control of the State Senate, and LGBT rights legislation failed in Houston, Texas. Is this a conservative voting trend? The next actual election is November 21st in Louisiana, where polls say a Democrat is favored to win the bid to replace Republican Governor Bobby Jindal. Is the chattering class underestimating the possibility that conservative voters could show up in large numbers, shifting the country to the right. Same question applies to the grip of establishment republicans on power in the GOP. It is dangerous to believe polls, especially this early in the process. When it comes to real political science, the proof is in the pudding. If there is a trend of angry voters on the right turning out, the punditry is going to be caught flat footed, but the establishment republicans will be shocked. One gets the impression, reporters and commentators covering these elections hear so many stump speeches and have so much red meat thrown at them they get jaded when it comes to the degree of frustration of ordinary voters. The turmoil on the right is a storm brewed up by svengali strategists at the RNC who expected to crown Jeb Bush the nominee. Now Trump, Carson and Cruz threaten the whole house of cards, demanding their own rules for debates or upsetting the carefully constructed plan. Outliers Trump and Sanders on the left are shaking up the status quo and challenging the idea that suzerains in Washington get to decide who the nominee will be on either side. In the real news, things don’t seem to be going so well and the commentariat continues to write tripe. The GDP only ‘grew’ 1.5 percent, but don’t worry growth is expected when consumers, ‘spending the savings from lower gas prices like a tax cut’ finally kicks in. A new study done by Democrat Operatives that says Mergers and Acquisitions are causing ‘inequality’. Is this true? Meanwhile Congressional Republicans lift the debt ceiling and federal spending jumped by 338 billion dollars. Maybe they should be talking about cutting spending rather than cutting taxes? Sponsored by Pride of Homes and Luke Team Real Estate and Ryan Plumbing and Heating of Saint Paul

PODCAST 430

You’re Not That Hot Anymore. Are the institutions of our society failing us, or just failing to live up to their over the top narratives? A bad customer service experience leads into a discussion – presented as sort of a rant but meant as a question  – about whether the business models and technology that seemed so forward five to ten years ago don’t seem that way at all now. Technology companies, Internet Service Providers, consumer products, office supplies, services, health care, travel, utilities and all kinds of services in the western world seem to have stopped progressing in terms of service to the customer a few years ago. No longer is it good enough to deliver a great product or service, you have to have an ‘amazing’ story, be saving the whales, or making your product in some aboriginal prefecture where you pay fair wages and post the obligatory pictures of building schools, or handing out water at the local marathon or breast cancer walk. What happened to buying a toaster that works, and when it doesn’t being able to rely on a customer service approach that says, “Yep, here’s a new one”? Instead you get protocols, upsells, long waits at the help desk (with the same three songs that play over and over) bored, surly or overwhelmed ticket agents, or admissions ‘techs’. The gauntlet of nose-ring festooned ‘greeters’ sporting ‘man-buns’ or just plain mean city, county, state and federal workers is actually the new normal. We need to talk about it, and we need to fix it. Is the problem that companies are spending too much time saving the whales, and not enough time saving the customer? Or is it excessive government regulation, poor economic growth, or we’re just not as competent as our ‘amazing’ history and resume says we are? No institution in our society is more dangerously corrupt and incompetent than the government, despite what the politicians say about Wall Street. What can be done? Meanwhile…still on hold with customer service. Sponsored by X Government Trucks and Pride of Homes and Luke Team Real Estate. (Editor’s Note: Podcast 429 isn’t done yet, and will be on the way…so here’s podcast 430. Don’t worry you didn’t miss one.

Podcast 428 – Twila Brase

Twila Brase. A hybrid ‘double header’ podcast, from the road. First, a promised airing of the interview with Twila Brase, co founder of Citizens Council For Health Freedom. Twila talks about how Obamacare might or might not be repealed, the health of Minnesota’s ACA Exchange ‘Mnsure’, the future of health insurance, health care under the next presidency and the politics surrounding this issue. This weekend, Mobile Podcast Command headed to Chicago for a high school reunion of sorts. This podcaster is the product of a revolutionary ‘vocational training program’ at one of the Chicago Area’s biggest high schools. At the center of this program was a student run real radio station (and today a TV station and web presence as well). For us, it was the only reason we even bothered to show up everyday at a high school teeming with thousands of students (about a thousand for each year at the time). There was a lot of talk this weekend about how ‘the program’ brought together kids from all different parts of the high school social spectrum, but really, it was a bunch of outcasts from every high school ‘caste’. Oddly enough it was very much like John Hughes’ masterful portrayal of big city high school life “The Breakfast Club”, except this was a radio station, rather than a detention hall. As the podcast says, “I don’t go to reunions, I go to reunions for my high school radio station, because I didn’t graduate from high school, I graduated from the radio station.” So in the second half of this podcast some observations about life, living your life on the air, and how wonderful it is to hang out with people who know you so well from those formative years. Life is certainly no bowl of cherries, as the saying goes, but one wonders whether we really do change from the time we are 16 or 17, to when we go back home for that big reunion. It’s great to be able to celebrate others’ success, life, and remember those who have passed. It’s also really great to get back on the highway, Sponsored by Ryan Plumbing and Heating of Saint Paul, Pride of Homes and Luke Team Real Estate. 

Podcast 407

Killing The Golden Goose. We’ve all heard the parable; The greedy farmer and his wife with the goose that lays the golden egg. As ‘back to school’ looms, the beginning of reengaging in the political process begins with a look at what the real issue might be in our economy and by extension, our politics in the United States. The question is, which is the goose and greedy farmer? Think of the economy – the sum total of all we consume and produce —  as a force of nature, like a hurricane rather than as some kind of Rube Goldberg device with dials and switches and levers. Or, as a golden goose. If the government takes more and more to sustain its operations and debt, where does that money come from? It comes from the individual. Can the government spend too much, and so require too much from the proverbial golden goose? You don’t hear this question discussed too much in the political arena these days. What you hear is a lot of nonsense about individual tax plans for the middle class, or taxing the so called ‘rich’. The fact is, the government takes your income — your wealth if you will — and uses it for its own aims. We’re supposed to have a conversation with our politicians regarding what those aims are, but we usually don’t. If government spending now, without calculating perpetual obligations like social security and other entitlements including medicaid, medicare and the so called Affordable Care Act is almost 40 percent of the country’s total economy, maybe this is the reason why our economy isn’t growing fast enough. Is it possible the greedy farmer is in the process of killing the golden goose? And if so, what do the perfumed princes on the campaign trail intend to do about it? The grey area between what is a public good, and greedy government is the crossroads where we are stuck. If we don’t figure out how to talk about it and to solve the problem, our goose is cooked. Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul