Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737

President Trump slapped tax increases on goods imported to the US from Europe, China, Mexico and Canada. Our trading partners retaliated with their own tariffs. Now what? Find out in Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737.

What Is A Tariff Anyway?

Finally someone has defined what a tariff is. Moreover you might be surprised to learn the history of trade legislation in the United States goes back to 1789.

These days we are awash in charges and counter charges in the media. Trade Wars and Rumors of Trade Wars. This kind of coverage doesn’t serve anyone.

1945 Looms Large In Trade Discussions

Most noteworthy is the impact of World War 2 and the advent of nuclear weapons in 1945. Since then, trade deals have been  considered central to keeping the peace and stabilizing the world.

Trade Has Been A Political Football since Hamilton

Trade has been regional and national issue in the United States in every political era. None other than Alexander Hamilton was an advocate of high taxes on imports going back to 1789.

Trump A Throw Back To The 1840’s?

Moreover tariffs were an issue in local and national politics in the US until the introduction of the Income Tax in 1913. Is President Trump a throw back to the 1840’s? Find out in Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737.

NAFTA China Mercantilism Free Trade

We hear so much in the news about trade but few of us understand it. China. NAFTA. Mercantilism. Trade Protection. Free Trade. As citizens we need to make informed decisions about what is best for each of us individually and the country. With all the noise about trade it’s almost impossible for people to do that.

Especially Relevant Today As It Was Back In The Day

In conclusion with yet another new trade bill in the offing the question of whether the US should protect its markets or open them is as relevant today as it was in 1789.

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

Trump Foreign Trade Fight-Free Trade-Protection-Bob Davis Podcast 737

Market Goes Down Blame The Media-Podcast 631

Sudden scandal engulfs Washington. A one day market drop is blamed on media ‘persecution’ of the president. Is this possible? Can the media cause a drop in the markets? In Market Goes Down Blame The Media-Podcast 631.

Russia Was A Dead Issue. Then Trump fired Comey

Not too long ago we were talking about ACA repeal, Tax Reform and Foreign Policy. The only people talking about Russians and Trump were the former Democratic Presidential Candidate and the new chair of the Democratic National Committee. Then, Trump fired the FBI director. That put Russia and Putin back on the front burner.

Trump’s Twitter Feed and Political Mistakes

Now, we’re talking about the latest White House debacle. Not congressional progress on key economic issues. Seemingly, without warning, the market is down! It has to be the media’s fault! Right? We’ll talk about it in Market Goes Down Blame The Media-Podcast 631.

Why Invest?

Investors put their money in markets in the hopes of taking advantage of future growth. With the election of a business man as president, some investors were willing to bet on the future. Health Insurance and Tax Reform. A stronger US Foreign Policy. Less regulation. Progress on the kinds of economic legislation that seeds growth. Or at least that’s the story.

Things Aren’t Getting Better

Truth is, the US economy has been holding in place for nearly ten years. While the markets have been fueled by central banks buying securities and low interest rates, main street has been struggling. The business man president who was supposed to fix main street has done nothing but make speeches, sign executive orders and complain about the media coverage he’s getting. Meanwhile, 1st quarter US Growth was a mind-blowing .7 percent.

The US President Is Not A King

Fact is, the US Presidency is not a dictatorship. US presidents are answerable to congress, the courts and the law, not to mention state and local governments. The presidency itself is mainly a political office. To be effective and memorable, a president’s agenda has to be backed up with legislation. That means the president has to work with congress to get it done.

Rhetoric Doesn’t Work

President Trump has a lot of ideas. He talks about them all the time. Talk is cheap. There’s no action on Tax Reform, ACA Repeal, the Budget, Regulation Reform and trade. Why? Not because of the media. We have a president who likes to talk. He doesn’t like to lead congress to take action. In Market Goes Down Blame The Media-Podcast 631.

Republicans Don’t Want To Talk About Politics Anymore

In January most republicans were on top of all the latest developments in Washington and their new president. They were especially prickly about criticism of Trump. Suddenly they have other things to do. Don’t want to talk about politics. Given the obvious missteps by the president it’s easy to forgive the desire to blame the media for all that is wrong. This time though, the blame lies directly at the president’s door.

Money Talks…Bullshit Walks

Traders want action. Not talk. Investors don’t make decisions on today’s news stories or rhetoric from the president. They’re looking out into the future and investing in future growth. The top political leader in the United States is President Trump. He sits astride a republican White House, Senate and House. Yet, he hasn’t been able to get anything done. Maybe that’s why the markets are down.

Sponsored by X Government Cars

Market Goes Down Blame The Media-Podcast 631