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.

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

Stock Market Drop Forecast Crisis-Die By Market-Perspective-Podcast 699

Amazing what a two day rollercoaster ride in the stock market does? Perspective tends to focus our thinking. In Stock Market Drop Forecast Crisis-Die By Market-Perspective-Podcast 699.

Market Drops Provide Perspective

Recent ups and downs in the markets are a great thought starter. Sudden changes whether predictable or not, can provide some needed perspective.

Trump Stops Saying He Made Markets Sing

Most recently the market dropped 666 points during President Trump’s speech. On the next business day the Dow dropped more than a thousand points. Trump stopped saying he made the markets sing because of the drop.

Most noteworthy our national conversation shifted from what we did during the Super Bowl to the markets in one day. In the grand scheme of things one thousand points is not the end of the world. Maybe. We’ll talk about it in Stock Market Drop Forecast Crisis-Die By Market-Perspective-Podcast 699.

Grandpa And Crazy Uncle Joe Love Fox News

Suddenly the idea of Washington DC driving media coverage seems stale. Google Trends shows interest in political news barely makes it into the top twenty. The market drop is one of the top searched topics. Especially relevant are the demos for so called news channels. As they keep talking politics their viewership keeps getting older.

Younger adults aren’t spending their time with Sean Hannity. What’s more the topics they search for don’t include the Nunes Memo or the Russians. Find out why and what in Stock Market Drop Forecast Crisis-Die By Market-Perspective-Podcast 699.

The Narrative Is A Bill of Goods

A republican president wants to help business, goes the narrative. The economy will grow. The stock market proves it. Right? All the top CEO’s and business leaders are ready to invest. Just look at the market.

Wait! What?Ru

Trouble Ahead?

In conclusion, there’s an old saying that markets sometimes indicate trouble ahead. Consider the fact that a marketplace represents thousands of people and billions of decisions about what to buy and sell. Maybe the market knows something we don’t.

If true, the old saw that the market predicts the future might be onto something. If it is it’s a lot bigger than the Russian Dossier and FBI corruption.

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Stock Market Drop Forecast Crisis-Die By Market-Perspective-Podcast 699

 

 

Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697

First of all, the state of the union message used to be a letter. These days you’d think it is the Grammys, Golden Globes or the Oscars. In addition it’s a national event. We’re ‘supposed’ to watch. In Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697.

America Is Back

Trump’s says the Economy Is Booming and America is Back. Really? Since when is 2.6 percent GDP growth a booming economy?

Wall Street Is Main Street

Furthermore during the Obama presidency republicans used to say ‘Main Street Isn’t Wall Street‘. Now that republicans are in power suddenly main street IS wall street. Even when the market is down.

Booming Roaring Economy, right?

In Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697 I’ll outline factors that go into our old style measurement of the economy. Yes there are bright spots. Much as we like good news, let’s not go overboard.

Wait. It’s Trump.

Go overboard!

The Tax Bill. The Tax Bill!

The singular legislative ‘accomplishment’ of this administration so far is the tax bill. Lower corporate taxes are thought of as a good thing for business. Whether the so called middle class will benefit remains to be seen. Certainly the economic effects of changes in the tax code only a month old are not part of the current economic numbers. Find out why inTrump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697.

Executive Orders!

Trump supporters like to tout his executive orders. Many of these don’t do more than tell cabinet departments think differently. Most importantly Trump is issuing far fewer regulations. Have these actions produced economic results?

Witch Hunts Galore

Especially relevant are investigations on Russia and the FBI. The truth is none of this has had any real impact on the day to day business in the rest of the country and have failed to yield conclusive results so far.

Distractions Are The Order Of The Day

Welcome to life in America at the dawn of a technology revolution. This one makes the industrial revolution look like the middle ages. As it gathers speed every tenet of government and society will be challenged. Meanwhile we’re talking about porn stars and Trump’s latest insult.

No One Cares About Outmoded Thinking

In conclusion, most of the older adults in this country dream of a time marked by their own innocence in the late 1950’s and early 1960’s. Moreover our thinking about almost everything is outmoded. Mercantilism, trade protection, mass surveillance, bigger and more expensive government, and huge debts are not about freedom regardless of which party is in control of congress or the executive branch.

(EDITOR’S NOTE: On February 1st 2018 the Atlanta Federal Reserve projected US Economic Growth in the first quarter of the year to be 5.4 percent. This is a noteworthy prediction and if it holds for the US overall it will be a game changer. 5.4 percent GDP would be robust and if it holds through 2018 the terms ‘booming’ and ‘roaring’ would apply, at least as it pertains to GDP measurement.)

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Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697

 

 

Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688

Both houses of congress have now passed the 2017 Tax Cuts and Jobs Bill. After four hours and near blindness, I finished all one thousand plus pages. Every citizen should read this bill. In Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

Big Little Reforms

Especially relevant is the public relations effort by republicans to convince voters this is a ‘sweeping’ reform of the US tax Code. In fact it is an amendment to a budget bill that further amends the 1987 Tax Reform Act.

Everyone Loves Or Hates

Moreover, if you read the bill, you should almost have a copy of the 1986 Tax Reform Act handy. Both sides of the so called political divide are touting how great this legislation is, or how it will end the world as we know it.  I’ll give you some details in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

Please Hold For Your Tax Attorney

Truth is if you are in business you’re still going to need an accountant and tax attorney advise you. Some businesses will see their taxes increase. Some individuals will see their taxes increase. Sure, the standard deduction has been doubled and tax rates reduced…but…

It Might Be Good…Then Again

There will be fewer deductions and thus fewer ways to legally reduce exposure to taxation. Depending on your specific situation you might see an increase or decrease in your overall tax. I explain some of this in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688. In addition, listen to my tax reform podcast to understand the political game going on under the guise of fixing the tax code.

Never Underestimate The Power of Free Beer

There are scores of pages concerning craft beer, wine and spirits. Guess all those receptions with free hootch for members must have worked! Finally there are lots and lots of new rules regarding businesses of all kinds.

Beware of Congressmen Bearing Cool Sounding Jargon

When congressmen and senators go out among the people and talk about all they have accomplished, you’re going to hear the words ‘pass-through’ and ‘average american will save’ such and such a lot. What does it all mean? Find out in Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688.

More Government Control

In conclusion my final reaction is the sadness I feel that our federal government controls so much of what we do as citizens through the mechanism of taxation. Republicans who campaigned on a tax cut have certainly paid off on that promise, at least until 2025, but at what price. That is the 1.2 trillion dollar question. President Trump signed the bill into law Friday afternoon.

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Read Entire 1097 Page GOP Tax Bill-Part 1-Raw Reactions-Bob Davis Podcast 688

When Tax Reform Isn’t-What Congress Giveth It Taketh Away-Podcast 676

They call it Tax Reform. A Jobs Bill. That’s what it must be, right? Journalists and commentators are playing the same old game. Argue a proposed piece of legislation on its merits. Time to reset the boundaries in When Tax Reform Isn’t-What Congress Giveth It Taketh Away-Podcast 676.

Freedom Of Choice

While listeners to The Bob Davis Podcasts always have the freedom to choose what they think is right, I want to introduce the concept of marginal improvement. Legislators on both sides of the political spectrum talk big about ‘reform’. Usually though they make what really are marginal changes. This is especially relevant when we’re talking about the tax code.

The Real Football Game Is Congress

Team Red moves the ball back to the Blue thirty yard line. It’s hailed as a great victory. Team Blue moves the ball back to the Red twenty yard line a few years later. These are what both sides call marginal improvements. Meanwhile, as economist Milton Friedman famously suggested, they keep getting elected by making the tax code more complicated.

Budget Neutrality Isn’t A Thing

Enter a legislative concept called Budget Neutrality. The idea every expenditure must be ‘paid for’ with tax increases, or budget cuts. You think Tax Reform means lower taxes. What they’re really doing is taking away tax deductions and loop holes, and increasing our overall tax. The sad part is, it’s not their money, it’s our money. In When Tax Reform Isn’t-What Congress Giveth It Taketh Away-Podcast 676.

What Is Real Reform?

If you want real reform. The end to this kind of corruption? Then the power of the federal government to tax our incomes and our property must be permanently eliminated. Should corporations be taxed at all? Do you have property rights if you pay property taxes? How does government pay for the wonderful things both sides wants it to provide? We talk about it in When Tax Reform Isn’t-What Congress Giveth It Taketh Away-Podcast 676.

Already Socialists

So called conservatives like to argue the merits of capitalism versus socialism. It seems like I’d be on pretty safe ground if I suggested the United States has been collectivist for decades. Our economic system is not so much capitalist as it is a controlled market economy. Our elected Kings and their privy courts control our behavior and our futures with regulation and a tax code so complex, were it to be proposed as a single law in its present form, it would cause a revolution.

(Editor’s Note: While the first actual income tax in the United States was levied during the Civil War, it was later repealed as ‘unconstitutional’. Several attempts were made to establish an income tax through the late 1800’s which were unsuccessful, until the 16th amendment, ratified in 1913.)

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When Tax Reform Isn’t-What Congress Giveth It Taketh Away-Podcast 676

Will 1968 Unrest Shockwaves Echo In 2018-Podcast 670

Every now and then it’s necessary to break it down. Why does a long time political observer and analyst find it more difficult to talk about politics these days? In Will 1968 Unrest Shockwaves Echo In 2018-Podcast 670.

Rhetorical Partisans

Some say the US hasn’t been this politically divided since 1968. At least in 1968 we were fighting about specific issues. It seems to me we’re fighting over a person in the present time frame.

Demanding Loyalty

Attack Trump. Defend Trump. At any cost. Ideas and principles aren’t important. Commentators are running for office, under the employ of some partisan organization, or supporting a person or point of view. Will 1968 Unrest Shockwaves Echo In 2018-Podcast 670.

Garbage In Garbage Out

Social media, the Internet and so called news sites spew a constant stream of invective, misinformation and outright lies. They are so busy predicting the future they put Tarot Card Readers and Astrologists to shame.

Read It and Weep

Denying our freedom to choose what we think about an issue based on facts, in the quest to demand loyalty is the height of folly. In Will 1968 Unrest Shockwaves Echo In 2018-Podcast 670. We end up shouting at each other; partisan mobs, not an informed electorate.

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Will 1968 Unrest Shockwaves Echo In 2018-Podcast 670

 

Weekend Radio Pre Show Rehearsal Show Prep-Podcast 667

When you get the last minute call to ‘fill in’ on the local radio station you have to prepare. As a podcaster it might be fun to try out some content for the radio in the podcast format. Late at night before the show I sat down to record Weekend Radio Pre Show Rehearsal Show Prep-Podcast 667.

Where Do I Find The Radio Show?

If you want to hear the actual show this podcast spawned, you can find it here. It turned out to be significantly different from the rehearsal. Radio and podcasting are two different mediums. Podcasting itself is growing quickly. A good portion of what passes for radio listening might actually be people listening to their favorite radio show podcasts.

Where Partisanship Comes From

These days we’re crushed by an avalanche of advocacy media. Much of the content we see, read and hear is created by advocacy think tanks and is designed to persuade not inform. We’ll talk about it Weekend Radio Pre Show Rehearsal Show Prep-Podcast 667.

Reacting Rather Than Thinking

My new thing is, with so much sharing and posting of advocacy pieces on social media we tend to spend a lot of time reacting rather than thinking. No wonder the country continues to grow more partisan every day. We hear so much we have to react to these days, there’s no time to think about what we need.

Presidential Tweets Distract

We miss major stories because we focus too much on things like presidential tweets. One of the big ones this week was the Federal Reserve’s decision to withdraw stimulus. With Puerto Rico controversy taking center stage next week, what else will we miss? In Weekend Radio Pre Show Rehearsal Show Prep-Podcast 667.

There’s a lot of content on a lot of different topics in Weekend Radio Pre Show Rehearsal Show Prep-Podcast 667. It turned out to be a great way to rehearse for the radio show Saturday afternoon.

Sponsored by Ryan Plumbing and Heating in Saint Paul

Weekend Radio Pre Show Rehearsal Show Prep-Podcast 667

Trump’s Trojan Horse Democrat Embrace Confuses GOP-Podcast 662

A republican president who campaigned against profligate spending has made a deal with democrats in order to spend more. President Trump wants billions for disaster relief in the wake of two hurricanes. In Trump’s Trojan Horse Democrat Embrace Confuses GOP-Podcast 662.

Drowning In The Swamp

The Man who was going to drain the swamp has joined the swamp rats. Conventional rank and file republicans are at a loss to explain. Trump’s a political genius who knows how to work it, is one explanation. Trump’s a Trojan Horse. A closet democrat. He tricked us from the beginning, is another explanation.

What is a Republican?

Truth is Republicans do not know what they are about. What are republicans for? What are they against? The so called conservative movement lost its way a long time ago. Trump is a symptom rather than a transformational leader. In Trump’s Trojan Horse Democrat Embrace Confuses GOP-Podcast 662.

Red Tie Socialism

The President’s budget calls for spending increases. The US is sending more troops to Afghanistan. Elements of the Tax Reform bill actually cap mortgage tex deductions, eliminate corporate tax deductions, seek to tax 401K and other tax deferred savings accounts. It all adds up to tax increases, not tax cuts. Moreover a republican president and congress that campaigned on repealing The Affordable Care Act, did not repeal it.

Permanent Slumber

When will republicans wake up to the fact that the Grand Old Party, the Party of Reagan, is just as interested in taxing and spending as their nemesis, the democratic party? Where is the great conservative movement we keep hearing about? Where are the people to do the hard political work of building a movement? They don’t exist. They deserve a wolf in sheep’s clothing and now they have it. In Trump’s Trojan Horse Democrat Embrace Confuses GOP-Podcast 662. (Editor’s Note: In listening to this podcast I just noticed I refer to the HBO Hit Series ‘WestWorld‘ as ‘West-WOOD’, which of course is the same of a radio network. Old habits die hard.)

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Trump’s Trojan Horse Democrat Embrace Confuses GOP-Podcast 662

 

Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661

Back to the grindstone in Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661. As Texas struggles with the aftermath of one major storm, another is on the way. North Korea’s Hydrogen Bomb and a full congressional schedule means we’re suddenly we’re back in a news rich environment.

President Trump Is Santa Claus

Especially relevant is the question of whether the US Federal Government is actually Santa Claus. Make your list, check it twice. While Republicans talk about individual responsibility when it comes to disaster, concerns about debt and overspending go out the window. Another hurricane, another opportunity for presidents to wear the jacket and the hat and show up to help. It’s all about public relations. We’ll talk about it in Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661.

Hug Some Babies Phase Out DACA

President Trump made the obligatory trip to the hurricane zone over the weekend, then signed an order to phase out DACA at the beginning of the week. A campaign promise fulfilled, or kicking a problem to congress? Is it wrong to suggest a complete immigration reform package passed before phasing out the program with an executive order might be a better path?

It’s a Business, right?

We expect presidents to rule through fiat. “Run It Like A Business!” Problem is Santa Claus can’t do much with executive orders. Real reform requires congressional action. Getting that done requires real political acumen of the president. Businesses can’t print money to pay off their debt. In Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661.

Tax Reform Means Raising Taxes

Tax Reform now looms as the next legislative failure for a GOP majority. ‘Cutting Taxes’ might mean raising taxes in places people who voted Republican might not expect. Requiring ‘revenue neutral‘ proposals means ‘tax cuts’ rather than spending cuts. With debt over 100 percent of the GDP maybe Santa Claus should stay home. Not a chance. Find out why I say this in Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661.

Bombs Away

Then there’s North Korea. They’ve got a bomb and a missile. Trump has a saber to rattle. Maybe it will work. Then again maybe the Doom Merchants on You Tube are right about September 23rd, 2017.

Sponsored by Ryan Plumbing and Heating of Saint Paul

Harvey Irma North Korea-DACA-Back In A News Rich Environment-Podcast 661

Charlottesville Is Final Nail In The Right’s Coffin-Podcast 656

Well before the 2016 primary campaign I posted a podcast announcing the death of the conservative movement. Whatever was left of the right is the final casualty this past weekend In Virginia. In Charlottesville Is Final Nail In The Right’s Coffin-Podcast 656.

A Deal With The Devil

During the 2016 presidential campaign Republican moderate leadership had the opportunity to allow the convention to move through the political process to select a candidate. Instead they chose to close ranks with a candidate famous for rhetoric and little else forcing that candidate on the American people. Surprisingly a week later, the democrats did the same thing. This faustian bargain resulted in a rhetorical presidency which has accomplished little.

Identity Politics Right Wing Style

In this way, the Grand Old Party closed ranks with the politics of division. Name calling and chaos. But wait! Right Wingers didn’t break windows or block freeways. It was the Left which used violence. Until now. In Charlottesville Is Final Nail In The Right’s Coffin-Podcast 656.

It Wasn’t Us!

Is it too soon to suggest humor in the irony of every paid commentator, blogger, show host and agitator of the right suddenly trying to show the world those people carrying Nazi Flags in Charlottesville aren’t really conservatives? Is it too soon to decry the loud mouths hocking constitutional conventions, fife and drum, messaging seminars and civil war?

Who is to blame? Everyone

Especially the voters. This generation of Americans. Children who think the louder they yell the better chance they have to get what they want. People who think good citizenship is doing a FaceBook Live video or throwing up a You Tube Channel predicting the end of the world. Commentators who want to tell you what happened when they weren’t there.

All Hat and No Cattle

People who refuse to help during election season but won’t miss a tea party meeting to discuss messaging and their version of the constitution. People who want to protest but can’t be bothered to stand up and run for office or do any of the hard work citizenship in a democratic society demands. Block a freeway? Why not! Shoot a congressman? Sure. Destroy someone online? Fun! Carry a nazi flag in a parade? Awesome! We’ll just blame the Mercers or George Soros. Doesn’t Matter.

Government Is More Powerful No Matter Who’s In Charge

Whatever you scream when you protest, one thing is true. Government power is more absolute. A prison we have created for ourselves is bankrupting us and destroying our society. National debt is dangerously high and climbing. Little more than window dressing passes for action. Political news watchers concern themselves with the latest greek drama live from the White House. Issues? Policy? You won’t get clicks with that.

Losing Equation

Neither majority nor minority provides anything close to leadership. Attacks and Counterattacks. Name calling. Gleeful enjoyment of this House of Cards. Surprise when it results in death. This does not end well.

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Charlottesville Is Final Nail In The Right’s Coffin-Podcast 656