Unbounded Optimism-Exuberance-Technology Revolution-Age Of Trump-Podcast 707

The economy is booming. Everything is getting better. Talk to a Trump supporter these days and that’s what you’ll hear. We’ll discuss it in Unbounded Optimism-Exuberance-Technology Revolution-Age Of Trump-Podcast 707.

The Economy Is Booming

A few weeks ago the Atlanta Federal Reserve, known for its bullish predictions, announced first quarter 2018 economic growth might be as high as 5.4 percent. It sure seemed to make sense, to hear main street tell it. Wall Street seemed to agree. In Unbounded Optimism-Exuberance-Technology Revolution-Age Of Trump-Podcast 707.

Wait! What? But You Said The Economy Was Booming!

This week the same Atlanta Fed announced a revision of its earlier prediction, suggesting economic growth for the United States might only be 1.3 percent. Less than the 2+ percent growth in the fourth quarter of last year, which was hardly booming.

We Have To Make Stuff, right?

We’ve been hearing it for awhile. America doesn’t make stuff anymore. Trump’s gonna fix it. Trade protection for the struggling manufacturers. Help for the broad shoulders of America’s industrial past. Trump’s gonna show ’em all. Find out if this is true in Unbounded Optimism-Exuberance-Technology Revolution-Age Of Trump-Podcast 707.

Where Is The Greatest Generation When You Need Them Say The Baby Boomers

Whether it’s your local Tea Party guy or President Clinton’s former labor Secretary Robert Reich, the chant is the same. We don’t make stuff anymore. Sudden authorities on the subject of character point to World War II heroes and 1930’s social welfare warriors as paragons of virtue. The past sure seems sweet to the baby boomers these days.

Suddenly the 1950’s are back.

Forget Big Oil and Banking Go After The Tech Guys

Especially relevant are the Steel and Oil barons. They used to be the villains. Now it’s the tech guys. Republicans used to be against regulation right? Suddenly the republicans and democrats want to regulate social media and search engine tycoons, because ‘something’s got to be done’. Listen to Unbounded Optimism-Exuberance-Technology Revolution-Age Of Trump-Podcast 707.

Smells Like Reagan But…

Administration officials talk trade protection and a weak dollar. So called conservatives add trillions of dollars in debt to pay for tax cuts. There’s talk about increasing taxes on gas and diesel and spending hundreds of billions more on building bridges and roads. There’s talk of US involvement in war in Syria and on the Korean peninsula. These are republicans?

Does that sound like the Reagan Revolution to you?

Everywhere an unseen revolution in technology is eroding and wiping away institutions, including government. The right and the left have lost their way. Big change is upon us. We’re going to have to figure out what comes next because our leaders never will

Are we?

In conclusion we can’t go back to the 1950‘s. However, we can’t seem to move forward. What’s our role in creating the future. What are the most important values in a world where human beings may live hundreds of years longer, robots will farm and manufacture, money will be on your hand held device, cars and trucks will drive themselves, drones will deliver and your robot girlfriend may be a lot smarter than you!

Sponsored by Reliafund

Unbounded Optimism-Exuberance-Technology Revolution-Age Of Trump-Podcast 707

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.)

Sponsored by Ryan Plumbing and Heating, Brush Studio in The West End and Reliafund.

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

 

 

When A Repeal Is Not A Repeal-Podcast 627

One issue above all others has been the driving force in Republican politics for the last seven years. Repeal ObamaCare. None of the candidates said anything about repeal and replace. When A Repeal Is Not A Repeal-Podcast 627 takes a raw view of the latest health care fiasco of the US Congress.

Promise Broken Again

President Trump and Republicans call The American Health Care Act of 2017 a victory.  HR 1628 keeps much of ObamaCare intact. There are still two hurdles. The bill has to pass the senate. The president has to sign it into law. Call it what you will but it is not a repeal of the ACA. This is what republican voters wanted. In When A Repeal Is Not A Repeal-Podcast 627.

Republican Entitlement

Many in politics and the media will argue what the American Health Care Act does and doesn’t do. One thing is for sure. If it passes the senate and is signed into law, the American Health Care Act anchors a new entitlement passed by congress in 2010 and makes republicans, not democrats responsible for it. In When A Repeal Is Not A Repeal-Podcast 627.

Those Who Endorsed Republicans Own It

Pundits and personalities cry, “If this is what happens why vote republican?”. Rather than endorsing and supporting republicans perhaps these personalities and other politicians should have been asking this question. A question that should have been on the lips of every republican for several cycles.

An economic Question

Commitments to Social Security, Medicare, Medicaid, Medicare Drug Benefits and now Health Insurance will eventually swamp the United States Budget. The government cannot grant its citizens anything. Whatever is ‘given’ must be paid for through taxation eventually. The biggest issue in governments whether they are local, state or federal is spending. Talk about it in When A Repeal Is Not A Repeal-Podcast 627.

Debt

The United States Federal Debt is more than 100 percent of its yearly GDP. The republican congress just passed another trillion dollar budget. State, federal and local governments employ over fifty percent of us. Public institutions have become major stakeholders in every political decision made.

Why Don’t They Ever Fix Anything

When government is so involved our personal lives, it’s personal. Every decision is politicized. Frustration and anger are the order of the day. Politicians solve problems by creating problems. We have an archaic and sclerotic government bureaucracy. Because the republicans failed to keep their promise to repeal the health insurance entitlement, the ‘health care debate’ will rage for the foreseeable future. In When A Repeal Is Not A Repeal-Podcast 627.

New Thinking

With government largesse comes oppression. Surveillance, policing and prisons. War. It’s time people consider a new political movement in this country to permanently remove the power of government over our lives.

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

When A Repeal Is Not A Repeal-Podcast 627

Podcast 576-Bob Davis Podcasts Radio Show-54

Podcast 576-Bob Davis Podcasts Radio Show-54. Hillary’s recount demands and Fidel Castro’s death prove real news stories are out there. Podcast 576-Bob Davis Podcasts Radio Show-54 features a look at the opportunities and challenges confronting the people. I have no endorsement of any major candidate to defend. I have no wish to add to the media reactive political noise. What I can do is help people break out of the political box, by asking some important questions. If Donald J Trump is chosen by the Electoral College and inaugurated in January of 2017, the Republicans will be in the best position to control the Federal and State Governments in decades. However, celebrating republicans should keep in mind, most elected republicans leaders are still ‘establishment’ types. Despite his promises suddenly Trump is backpedaling on repealing the Affordable Care Act, and prosecuting Hillary Clinton. His top advisors are discussing a trillion dollar stimulus package for infrastructure. He’s pulling back on the ‘big beautiful wall’. ‘Moderate’ republicans are also pulling back on  trade policy and managing expectations on foreign policy. It is doubtful republicans will address tough economic challenges with policy fostering dynamic economic growth. While we’re lost in debates about tweets from Trump Tower, The US economy is hampered by too much regulation, excessive debt and spending. Many of the so called social problems in this country can be attributed at least in part to low employment and slow or no economic growth since 2008. This is why it feels like we’re living in the Matrix. With a technology revolution as significant as the industrial revolution we need new ideas about society, politics and government. Instead, we have institutions designed for an agricultural or industrial age that don’t serve us anymore. On top of all that are demographic changes. The Baby Boom population is aging rapidly. Younger people have different ideas about politics, government and society. The future belongs to these younger demographics, and with different ideas about society, ‘Conservative’ and ‘Liberal’ mean different things. To address the challenges of the future will require more of us than reacting to tweets, the latest outrage, or someone’s personality. Sponsored by Ryan Plumbing and Heating of Saint Paul, Hydrus Performance, and X Government Cars.[powepress]

Podcast 521

Stormy Weather. In a surprise only to ‘conservatives’ who listen only to ‘conservative’ talk show hosts, watch ‘conservative’ TV shows and go to conservative websites, the FBI decided not to recommend criminal prosecution of former Secretary of State Hillary Clinton over her use of a personal email server while she was in the Obama Administration. Why? The short answer is, intent is a key consideration in cases like these. The long answer is, Mrs. Clinton played her ‘Benghazi Card’ better known as ‘If I go down, you go down’ and she got action from the administration. At least that’s one possible explanation. In the past few days President Obama suddenly closed ranks with the Clintons (despite all the rumors of the rancor between the Obamas and the Clintons). Attorney General Loretta Lynch had a now famous ‘tarmac meeting’ with former president Bill Clinton and President Obama allowed Hillary Clinton to ride Air Force One with him to a campaign event, where they walked, hand in hand, down the steps. “If I go down, YOU go down”. Now it’s a matter of politics. He said, she said. He said she’s a crook. She said he’s an anti semite. Congress releases a damning report on the administration’s conduct regarding ‘Benghazi’…Democrats say it is a partisan document. Republicans say it’s the ‘truth’ about Mrs Clinton and her boss, President Obama. “If I go down, YOU go down.” More fodder for the campaign trail. They were asleep and the switch, says one side. They’re partisan dividers, says the other side. Meanwhile the world’s leading economies are drowning in a sea of paper money and deficit spending, and economies are faltering. Do you really think this election is going to fix anything? We live in interesting times, with the great potential of a new technical industrial revolution and all that portends, and a personal challenge to change the way we think and how we work, and what we demand of our political institutions. Too bad our sclerotic politics delivers a statist who wants to spend and tax more, and a statist who wants to wall the country off from the rest of the world. We could have this technology revolution now, or we can languish for another thirty years while these idiots we call presidential candidates stumble around in economic darkness. Yeah sure, go ahead and talk until you’re blue in the face about Hillary’s email server, or about the Star of David on Trump’s twitter account, while the printing presses debase the currency, governments spend themselves into the poor house, the media puts on cartoons and calls them news, and we hurtle toward our destiny, whatever that may be. The US is now a country that’s happy about revised economic growth from .5 percent to 1.1 percent, with 95 million people out of the work force, a media that writes gossip and calls it news, and a population that believes Russian Propaganda and You Tube conspiracy theories because…what’s the difference? The Earth is hollow, you know and there’s a whole civilization down there, right? And you wonder about moral hazard? Sponsored by Karow Contracting and Brush Studio in the West End, Saint Louis Park. (Editor’s Note: In this podcast I refer to former CIA Director David Petraeus’ offenses regarding passing classified information with intent, and engaging in a coverup after as occurring while Petraeus was on active military duty. I wondered whether he would be under the Military Code of Justice in this case. This is incorrect. Petraeus was director of the CIA when the offenses occurred and not on active duty. For comparison to the Clinton question, one should refer to the FBI director’s congressional testimony regarding the differences between the Clinton question and the Petraeus case.)

Podcast 482

The Story Less Travelled. As the pay for play media continues to chatter about what Donald Trump did this week, or Bernie Sanders’ predictions about democrat super delegates switching allegiance to him, maybe it’s time to take a look at The Story Less Travelled. Some percolating stories and issues people really aren’t talking about because they’re arguing about how tabloids post stories, how Internet rumors get started, how Donald Trump is going to make US allies pay ‘us’ for security, or why Bernie Sanders’ thinks Detroit became a hell hole in the last fifty years. There are real things happening in the world, most of which are reported on but not occupying very much attention, because too many pundits, talk hosts, talking heads, editors and managers are doing the bidding of political parties, candidates and their minders. What happens if Saudi Arabia decides to switch their alliance to China and Asia, which will account for the lion’s share of growth in energy consumption over the next ten years? What happens when economic instability due to massive debt and low profits comes home to roost in the banking system? How do you feel about academics going around saying the days of 4 percent and greater economic growth are over, and the solution is a world wide socialism-lite system, with more government and higher taxes? How will future presidents – the people filling your television screen with nonsense right now, and getting accolades from talkers, pundits and so called experts for it – confront a collapsing China, a Europe embroiled in a guerrilla war with thousands of ISIS fighters, and an economic depression. Maybe we should be talking about The Story Less Travelled more than what they want us to talk about. Sponsored by X Government Cars, Brush Studio in the West End, Saint Louis Park and by Hydrus. (Editor’s Note: This is not a ‘transcript’. Each podcast, which is original content in itself, also is accompanied by a short blog about the podcast. This blog is also original content, not a repetition of what is in the podcast, but a discussion of some of the ideas in the podcast. If you want to know what’s in the podcast, listen to it.)

Podcast 446

Media Manipulation. Checking out the news cycle before and after the debates, and in the last few weeks it sure feels like we’re being manipulated. You can’t say anything about anyone these days without a stream of tweets and posts about what’s politically correct, or charges that ‘you’re in the tank’ for this or that candidate. New story lines about Donald Trump are actually laughable. After his comments on the San Bernardino Terror Attack (not the San Bernardino shooting, as Hillary Clinton likes to characterize a terror attack) Trump was a racist, a fascist and a demagogue. Now that a new poll has been released showing Trump breaking through forty percent, with his closest challengers as much as twenty points behind, the story line is its the fading middle class, or dumb white high school only ‘blue collar’ workers who support him. Or, that Ted Cruz is suddenly ‘the nominee’ because he beat Trump by one point in a poll in Iowa. Because people in Iowa don’t know that they’re being surveyed, interviewed and chronicled to death as they ‘pick the next president’. Meanwhile not a vote has been cast. Kudos to the Cruz campaign for working hard in Iowa but let’s not forget Iowa (which is somewhere down there between New York and Los Angeles, for those of you in the media) Republicans voted for Mike Huckabee in 2008 and Rick Santorum in 2012 and gave Michele Bachmann a big boost in the Straw Poll in 2012. Were any of those people the Republican nominee, or even president? At the same time, almost no ink has been devoted to Hillary Clinton’s compulsive lying or Bernie Sanders’ fairy tales about how to fix the economy, or solve all of America’s social problems with another government program. While the pundits and commentariat blabs on and on trying to predict the future, manufacturing is in a recession, government and corporate debt are at record levels, companies are merging to pump up their fourth quarter earnings, Chinese officials admit making up economic numbers, commodities are depressed  and the Fed is about to raise interest rates. Iran has pulled its troops out of Syria because they’re getting their ass kicked by ISIS, which by the way is expanding into Afghanistan where they will get an assist, no doubt, from the guy we had locked up in Gitmo, but let go to get a deserter back. Don’t worry about that right now though, Anderson Cooper is on talking about Carly Fiorina’s dress, Donald’s smack down of Jeb! and the Cruz Rubio rivalry. Hey did the Wild win? Maybe we’re better off with astrologers. As long as its Vedic astrology, right? Sponsored by Pride of Homes and Luke Team Real Estate and Hydrus Performance

Podcast 362

No Growth Economy. New numbers say the US Economy grew by only .2 percent. Yet still, the Federal Reserve says the economy should grow now in the second quarter. Never mind all the ‘experts’ predicted 2015 would be a ‘blow out’ year, and that they have been revising their predictions down all through the quarter, they were still way above what the numbers actually show. Excuses? They have a few. The weather. The work slow down at the Port in Los Angeles. The weather. The strong dollar. Did I mention the dollar? The US has now had quarter after quarter of slow, no, or only anemic growth, and yet the Obama administration and its apologists, and the bone headed financial media call it a ‘boom’. Meanwhile small and medium sized businesses all over the country know it for what it is. A no growth economy. Why do business writers believe things will change if the policies don’t change? Does the consumer really account for 70 percent of the economy? What if we’re using the wrong tools to stimulate the wrong things? What’s that old saw about the definition of insanity? Banks aren’t lending because they can make more money borrowing at the discount window, reinvesting in the stock markets. Companies aren’t investing because they’re buying back their own stocks. The US corporate tax rate is the highest in the world (by far), and the tax code is so complex it costs us dearly in productivity lost (while we comply with the tax code) and literally billions of dollars spent complying with its byzantine rules. Regulations of all kinds make it almost impossible for small and medium sized businesses to grow. What are the policy ideas we need to hear from candidates (which we’re not hearing) to fix the economy. It’s not about inequality. It’s not about ‘reformicon’ tax policies (which are actually democrat tax policies warmed over), or making the government work more efficiently. In this podcast, some ideas you may agree or disagree with, but it will definitely start you thinking. Sponsored by Ryan Plumbing and Heating and X Government Cars

Podcast 296

MYSOTU. What started as a courtesy to Congress by President Washington has morphed into an irritating media spectacle, bordering on – no wait, it has become – obscene. It is time for every American to use whatever media you can, to deliver your own State of The Union Message. Line some chairs up, invite friends over, have the postal worker down the block join you, so you can use him as an example during your speech, make sure everyone wears a suit, add klieg lights and cameras for effect. If you have a teleprompter or two laying around, throw them in as well. (Editor’s Note: I invited congress to join me, but they had other things to do, so my State of The Union Address is delivered from the Broadcast Bunker.) The media machine cannot be without a story, and beheadings are getting old, so the new story line is the President is pugnaciously at least, thumbing his nose at Congress. Somehow this is viewed as new behavior, though he has been doing it all along. The results? President Obama lost the House and then the Senate is a series of historically bad election cycles for The President’s party, yet analysts think somehow, now that Republicans are in charge in Congress, he’ll get different results. Moreover, the President’s restless flying around the country and making speeches, offering candy and popcorn to the masses is now considered something called Populism. If you are a media commentator and you say the word ‘Populist’ and another word like, ‘Electorate’ in the same sentence, people think you’re smart. Populism? What’s that. Nothing, really. Nothing that can be defined as a real political philosophy or ‘policy’ per se. Using the standard definitions, your dog could be a ‘Populist’, and probably a pretty good one. The ‘Populist’ President wants to raise taxes on the rich, give it back to the middle class, if the middle class sops perform tricks and jump through rings of fire to get tax ‘credits’. Thanks! Meanwhile, he wants to increase spending by something like 7 percent, to add to an already massive public debt, the largest ever accrued in one administration in history. But hey, we got a baseball cap and a beer can insulator, right? Republicans? They’re going to fix it all so it works, don’t you know that? What it comes down to is Statist, versus Non Statist, and there are an awful lot of Statists in Washington right now. The good news? The Bob Davis Podcasts SOTU is mercifully short. The post SOTU party awaits. Sponsored by X Government Cars

Podcast 293

Wash Cycle. Updates for the new work week start with laundry in the Broadcast Bunker. You’ve probably been feeling pretty good lately, what with all the stories about how great Christmas Shopping was going and how cheap gas was like a tax cut, and how we’ve finally turned the corner on the economy, with the multitudes heading back to work, right? The toward the end of last week, someone punched the mute button on the celebration. Now, this won’t stop the President from taking credit for ‘booming’ economic growth in the United States in his State of The Union message, but new numbers temper the enthusiasm a little bit and may even explain why more than half of Americans aren’t so sure we’ve got the party started yet. As with almost every development related to President Obama and the economy, the compliant media continues to paper over mistakes, and grasp at green shoots in the economy. Unemployment is 5.6 percent! We’ve created over 250,000 jobs! What they don’t tell you is today’s 5.6 percent isn’t the same as when Bill Clinton was president, since there are 65 million some people who apparently are out of the work force permanently. Moreover wages, which have been rising slightly, are not rising fast enough, or high enough to sustain economic growth, say some analysts. At the end of last week, the compliant media was again surprised – stunned in fact – to see that retail sales actually contracted in December, a whopping .9 percent. Economists (astrologists) had predicted only a .1 percent drop. Remember when cheap gas was supposed to act like a tax cut? Gas stations got hit the hardest. Auto sales got hit. And, even though we ‘created’ two hundred fifty thousand plus jobs last month, there were 314,000 applications for unemployment, up 19,000 and the highest number in four months. Note to self; A tax cut is a permanent reduction in a tax rate, allowing people to plan for the long term future by investing, or purchasing big ticket items, or starting businesses. A reduction in a price is not a tax cut. Meanwhile the energy price and commodity price rout continues, and now banks in the oil patch, manufacturers like CAT, rail roads and energy states are taking the hit. Oh we’ll take the cheaper oil, but the media needs to stop crowing about how great a commodity price collapse is. It should be viewed as a danger sign, because the rest of the world economies apparently got the wrong flu shot. What’s wrong? No one is asking whether or not we should be stimulating supply, rather than demand. Are conservatives proposing dynamic, proven solutions? Finally, the IRS wants more money. They don’t have enough employees. Has anyone bothered to report how many employees the IRS actually has? You’d be surprised. Sponsored by Ryan Plumbing