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

Road To Character-Principle Free Politics In America-Podcast 705

These days the scolds are telling us how to live. What to do. Put down the hand held device. Give up screen time. So called conservatives especially stake out the moral high ground. Problem is there don’t seem to be any principles when it comes to politics. We’ll talk about it in Road To Character-Principle Free Politics In America-Podcast 705.

Sacrifice For The Greater Good

If we can just sacrifice for the greater good. Devote our lives to something bigger than ourselves. Become more passionate and purposeful about that purpose. Right?

The Greatest Generation

What’s more, the World War 2 generation can always be trotted out as an example of virtue. Just think how much better the world would be if those distracted millennials and super liberal generate Z people would emulate the “Greatest Generation”.

It’s The Millennials Right?

Truth is the world is changing fast. We’re at the dawn of a fast moving wall of change. Moreover demanding people act a certain way may not be the right idea. In Road To Character-Principle Free Politics In America-Podcast 705.

Principle Free Politics

Welcome to the seedy underbelly of politics. Moralists on both sides tell everyone else how to act while they ignore basic principles. Yeah sure, democrats have been doing this for years. Now republicans are becoming champions at principle free politics. Looks to me like one big mob.

Character Is Someone Else’s Problem

Get the guns and deal with due process later. A 25 cent per gallon gas tax increase. Trade protection. Spend and spend. Pile on national debt. President for life sounds like a good idea. What to do when a republican president promotes ideas directly opposed to republican ideals? Defend him. Go figure.

Principles Or Power?

In conclusion, given the fast pace of change in the world what troubles me isn’t character, it’s the lack of principle in the political party that controls all three branches of government.

In the near future the Technology Revolution will challenge us all. If all anyone wants to do is tear the old world down we’re in for a rough ride.

As far as I’m concerned there’s only one principle that matters these days. Individual Freedom.

Do republicans care about liberty anymore? Or do they just want power.

Sponsored by Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul

Road To Character-Principle Free Politics In America-Podcast 705

Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702

Controversy in the wake of another mass shooting event distracts everyone from what is really important. Three key stories you missed, show how our government is ruining our future. In Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

Trump Supports a 25 Cent Gas Tax That Sucks Up Your Tax Cut

First of all while small business owners optimistically predict a booming economy a republican president has told democrat lawmakers he would support a twenty five cent increase in the federal gas tax on gasoline and diesel. There goes your tax cut!

Conservatives Spend More Than Obama

Especially relevant for fiscal conservatives is a four trillion dollar budget from the president. Moreover congress increased spending by hundreds of billions of dollars in the most recent continuing resolution. There are conservatives? In Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

Solution To Fools Getting Their News From FaceBook? More Regulation

What’s more in the wake of indictments for a score of Russians and a few Americans for allegedly manipulating ‘The Internet’ to influence the recent US Presidential election, both sides of the political divide want ‘regulations’. So much for free speech!

I Guess Spending And Debt Is The Republican Way

More importantly do not take these financial mistakes lightly. US government debt is nearly 20 trillion dollars. Americans themselves carry something like 13 trillion dollars in debt. Storm clouds are building in the bond markets. We’ll talk about it in Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

You Can’t Make America Great Carrying Trillions Of Debt

Americans cannot be self reliant and strong if they don’t figure out how to assemble the facts about what is known on any particular news story. We cannot make america great again if elected leaders can’t stop spending more and borrowing more.

Freedom Is In Our Genes And Other Myths

In conclusion the idea that ‘freedom’ and ‘democracy’ are in our genes is nonsense. We aren’t free if all of us ask the government to spend more, regulate more and ‘do something’ about every little problem. For me, the lack of principle of both political parties is shocking and dangerous. Unfortunately for so called ‘conservatives’ this lack of principle is most visible among republicans.

Find out what needs to be done and how to do it in Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

Sponsored by Ryan Plumbing and Heating of Saint Paul

Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702