Booming US Economy-Reality Check-Bob Davis Podcast 811

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

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United States-Emergency-Spectacle-Bob Davis Podcast 807

United States-Emergency-Spectacle-Bob Davis Podcast 807

I am so sick of the media speculating on what’s ‘about’ to happen and predicting the future these days. So when something actually happens it’s worth talking about. Learn more in United States-Emergency-Spectacle-Bob Davis Podcast 807.

Trump Loves Bombshells and So Does The Media

Moreover when it’s a bombshell that triggers uproar from all sides of the so called political spectrum, it’s news.

All About Trump

The president has been talking about declaring an emergency for weeks. In addition there have been rumors his unhappiness with a legislative compromise that netted only about one fifth of what he wanted for his ‘big beautiful wall’ on the southern US border. It’s been a spectacle. It’s about to become a most noteworthy example of a political dumpster fire.

Can He Really Do That?

Especially relevant is the question of whether the president can actually declare an emergency to build a border wall. Obviously the Administration thinks so. There are currently thirty states of emergency already declared by presidents going back to Jimmy Carter. This will be number 31. We’ll talk about in United States-Emergency-Spectacle-Bob Davis Podcast 807.

All About The Approval Rating

There will be court challenges and lots of and lots of news coverage. Here’s the thing. Immigration and the border wall is a good issue for the president. Already some polls have his approval rating over fifty percent. As to whether a wall will actually work? I guess that remains to be seen.

Big Spending Big Government Republicans

Lost in the shuffle is a new budget bill that substantially increases federal spending. With the national debt at 22 trillion and more than 100 percent of the nation’s GDP you could call Trump President Donald Baines Nixon. With this spending bill you could call him Donald Barack Trump. (Editor’s Note: I refer to the debt of the US as the Budget Deficit which is probably somewhere around half a trillion. The 22 trillion dollar figure is in actuality the total debt of the US, currently at about 105 percent of the country’s GDP).

So Long Suckas

Suddenly the guy many republicans thought was ‘conservative’ is taking fire from the right as well as the left.

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United States-Emergency-Spectacle-Bob Davis Podcast 807

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State Of Our End Times-Bob Davis Podcast 804

State Of Our End Times-Bob Davis Podcast 804

An embattled governor. Infighting in Washington. Raging arguments about identity. It sure looks to me like the wheels are coming off the bus these days. Learn more in State Of Our End Times-Bob Davis Podcast 804.

Politicians Off The Rail

As our so called public officials go off the rails our expectations that ‘government’ will solve all our problems increase.

Over Hype and Talked To Death

It’s especially relevant that the media breathlessly awaits a formality called The State Of The Union, like it’s the SuperBowl. Everything is Over hyped. Over analyzed. Talked to death. It’s surreal.

“Officials” Running Amok

Moreover as these politicians run amok they get more petty every day. As a result we’re not dealing with the most pressing issues of our time. A rising China. Artificial Intelligence, Robotics, Data Privacy and The Internet. Causes, solutions and political effects of Economic Inequality. Existential threats from many different places.

What About Doing Some Work. Anyone?

In addition, what about trade wars, economic growth, debt, immigration and the growth of regional and major powers acting in our hemisphere. Anyone?

Daily Two Minutes Of Hate

Finally our daily two minutes hate leads our focus on smaller and smaller things. Leaders don’t lead. Everything becomes an illusion. Meanwhile somewhere someone or something is permanently damaged.

Emotional Scarring

In conclusion have we become so scarred from our anger and frustration we find it more difficult to act? Anger and Irritation turns to depression.

End Times Prophecy?

Are we living out a prophecy? What happens when there is a real crisis because of all this folly?

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State Of Our End Times-Bob Davis Podcast 804

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