Plan Beats No Plan-Bob Davis Podcast 828

Political Winners Need A Plan

The 2020 presidential campaign is already underway. Democrats are already touting their plans from free health care to free college. Thing is, a plan beats no plan when it comes to politics these days. We’ll talk about it in Plan Beats No Plan-Bob Davis Podcast 828.

Calling Someone A Socialist Is Not A Plan

Certainly this week attention has been focused on the president’s statements regarding unions. Meanwhile lesser known state and local ‘conservative’ republicans attack democrats for being ‘socialist’.

The US Is Already Socialist

Especially relevant is whether this approach will work.

Come to think of it, doesn’t the United States increasingly have a “controlled market economy” meaning the government already ‘controls the means of production’?

Trade Protection and Government Built Infrastructure – Capitalist right?

Moreover President Trump touts trade protection, and lately government appropriation of 5G wireless technology. It’s also a republican president pushing for ‘infrastructure’ development. Republicans even have their own ‘Single Payer‘ health plan where big insurance companies implement the federal program. This is capitalism? Learn more in Plan Beats No Plan-Bob Davis Podcast 828.

…People In Glass Houses

State republican representatives and senators who are real estate agents, housing developers, doctors and lawyers find themselves voting for ‘socialist’ ideas from MAO Clinic funding to laws regarding how you use your cell phone while driving.

Moreover from TR to Trump, republicans have been advocating for ‘progressive’ and socialist policies. Would you believe German Socialists actually supported Abraham Lincoln back in the day?

GOP Voters Hate Democratic Socialists But Don’t Take Their Social Security Away

In addition rank and file republican voters rely on government pensions, social security, ObamaCare, Medicare, Veterans Benefits and all kinds of tax breaks for their businesses. Good republican ‘capitalists’ take every legal tax benefit they can get from real estate to Tesla’s in the driveway. Rural farmers who voted for Trump love their subsidies. But socialism? God no!

Capitalism Is Radical

Seems to me that a real Capitalist Agenda would be seen as quite radical these days. Most Americans haven’t experienced true Capitalism. The means of production, from stock trades to light rail, have indeed been controlled by local, state and federal governments for a long time.

Where’s The Plan, Stan

Finally if republicans are against socialism they’d better get busy designing a capitalist plan.

Name Calling and MAGA

In conclusion, sadly a republican capitalist plan will never emerge. Much easier to call democrats socialists and shout ‘build the wall’.

That’s a plan, right?

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Plan Beats No Plan-Bob Davis Podcast 828

 

Success-Wealth-Pope-Sin-Bob Davis Podcast 825

Pope Francis is at it again. In his latest attack on capitalism he says the pursuit of career, success and wealth is sinful. This is a popular position to take these days. Do you agree? We’ll talk about it in Success-Wealth-Pope-Sin-Bob Davis Podcast 825.

Extremes

Anything taken to the extreme can certainly be a sin. Maybe the Pope has gone too far this time though.

I Am Poor Because You Are Rich. Right?

Pope Francis seems to be reinforcing the idea that one person is poor because someone else is rich. So did Karl Marx.

Tax Breaks Are Bad Unless I am Getting Them

Moreover this theme is often taken up by anti capitalist protesters. In Paris they are complaining that the billionaires offering to fund the rebuilding of Notre Dame should be helping the poor instead. Amazon is criticized by the media for employing legal tax breaks to bring its tax bill down to zero. Everyone else employs tax accountants. Why? To lower their tax bills.

How Big Is The Pie?

Finally Pope Francis reinforces the idea that the pie is only one size. When one person takes a slice less pie remains. Fact is capitalism and capitalists make the pie bigger.

Hard Work And Focus On Success Is Now A Sin?

The popular notion the Pope is reinforcing is investors and entrepreneurs receive income exceeding the value and contribution they make to the process of production. In fact, investors and entrepreneurs driven by a single focus make production possible. How is that a sin?

Define Capitalism

As a result of this Pope’s statements one can only conclude he is attacking capitalism. What is wealth? Prosperity? Success? How does one define capitalism? I do in Success-Wealth-Pope-Sin-Bob Davis Podcast 825.

Even Jesus Had To Work Hard

Above all accomplishing anything of human value isn’t easy. Any noteworthy contribution made by human beings from Lebron James to Jeff Bezos takes a lot of focus and work. The Pope might encourage that commitment rather than condemn it.

Dangerous Cynicism

In conclusion this Pope demonstrates a more dangerous cynicism. Especially when you consider the fact that the Catholic Church itself remains one of the largest real estate owners and tax free institutions in the world.

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Success-Wealth-Pope-Sin-Bob Davis Podcast 825

Booming US Economy-Reality Check-Bob Davis Podcast 811

These days Trump cultists love to talk about the booming economy. Time for a reality check. Learn more in Booming US Economy-Reality Check-Bob Davis Podcast 811.

Under 3 Percent

Especially relevant are Gross Domestic Product numbers from the 4th quarter of 2018. The average for the whole year is predicted to be under three percent.

Cherry Picking Numbers

Boosters like to cherry pick statistics. I like good old Gross Domestic Product numbers. They are released at the end of every quarter. GDP performance for each fiscal year is pretty hard to ignore. Especially when people say this president has ‘fixed’ the economy and worked miracles.

Just Because You Do Well Doesn’t Mean The Economy Is Doing Well

Moreover if I’ve heard it once I have heard it a thousand times. Saying your business is doing well does not mean the economy as a whole is doing any better than it has. The latest retail performance is a good example. This distinction is important only because the president wants us to believe he “blows Ronald Reagan Away”.

Objective Legislative Achievements On Economy

In Booming US Economy-Reality Check-Bob Davis Podcast 811 I objectively list President Trump’s few legislative achievements when it comes to the economy as well as his executive orders concerning the economy.

Hardly A Boom

In 2017 the US Economy grew by 2.2 percent. First quarter of 2018 was 2.2 percent. Second quarter 4.2 percent. Third quarter 3.4 percent. Fourth quarter 2.6 percent. Hardly a boom.

Not Even As Good As Obama

In contrast, President Obama’s best year was 2015, at 2.9 percent. Obama also presided over one quarter of growth of 5.1 percent, followed by another quarter of 4.9 percent growth. Better than Trump’s best two quarters so far.

Actual GDP Numbers

First of all growth is growth and we’ll take it. However, because of republican claims of great economic success, it’s time for a reality check based on actual GDP numbers.

And Obama Wasn’t That Good Either

At issue are claims by the president and his supporters he has done a fantastic job. Truth is so far his numbers are still about the same as Obama’s, which weren’t very good either.

We Pale In Contrast To The Early 80’s, Mid and Early 1960’s and 1950’s

Even more, all the numbers in our time pale in contrast to performance above 7 percent in the 80’s, high six percent in the 60’s and above 8 percent in the 1950’s.

Contrast our time with the 1980’s, 1960’s, or 1950’s.

What we’re living through is not a boom.

Republican Doesn’t Mean Conservative Anymore

Finally a republican in the White House does not guarantee ‘conservative’ economic management. Pushing for a weak dollar. Borrowing to stimulate. Trade Protection. Adding trillions to the national debt. More debt and deficit spending for ‘infrastructure‘ don’t seem like ‘republican‘ ideas.

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Booming US Economy-Reality Check-Bob Davis Podcast 811