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

 

 

Ready For Another War in North Korea? Podcast 626

North Korea continues to test missiles and make threats. The United States sends ships and rattles the saber. Time to talk about North Korea and War on the Korean peninsula in Ready For Another War in North Korea? Podcast 626.

Korean History

Korea has a rich history. Japan ruled Korea from 1910 to the end of World War II. In 1945 Koreans hoped for self determination. Didn’t work out that way. Russia and China supported the North. The United States supported the South. The peninsula was divided at the 38th parallel.

Costs Of The Korean War

In June of 1950, supported by Soviet weapons, Kim Il Sung invaded South Korea. Three years of war cost the United States 33,000 military deaths. Estimates of civilian and military deaths in the North and South during the war, range between 1.2 million to 2.5 million.

North and South Are Still At War

July 1953. Panmunjom. A cease fire agreement ended the fighting but not the war. 25 million residents of Seoul, South Korea live today under the threat of mass artillery attack from the North.

The North Is A Nuclear Power

North Korea has had a nuclear research effort since 1956. Since the 1980’s efforts to prevent proliferation of nuclear weapons have included posturing, threats, aid, agreements, negotiation. All failed. North Korea today is a nuclear power. It is researching development of ballistic missiles. Currently they have only about a 1500 kilometer range.

Trump’s New Direction

President Trump has appears to have taken a more realist approach to foreign policy. What does this new direction mean for the US and the world? Will there be a positive effect to pushing the North Koreans beyond their resources? What are the scenarios for a potential regime change? Does the administration have a plan?

Americans In The Dark. Again

If the US becomes involved in a military conflict on the Korean peninsula what will the costs be? What happens if the current regime is removed? In the rush to report on ships and planes, military capabilities, and the latest back and forth, once again we’re not being given key information by the media. In Ready For Another War in North Korea? Podcast 626.

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

Ready For Another War in North Korea? Podcast 626

 

Podcast 613-Rising Tide? Trump’s Minimal Economic Impact

We’re Growing Again Right?

Trump ballyhoos new numbers. Seems like the new president is turning our economy around. A rising tide? What does an improving economy look like? Are there actions that cause real economic growth? Do you think new leaders are taking those actions?

Republicans Know How To Fix The Economy Right?

Deregulation. Tax cuts and reform. Infrastructure construction. Campaign Pledges were made. Pledges spurred optimism. Furthermore promises can be kept because republicans are in charge and republicans understand business. So the story goes.

Trump Has Already Started Making Things Better Right?

Trump claims credit for the new numbers. Can a new president have an economic impact after less than 90 days?

What’s Better?

How do you define economic success for the United States? Better job? More money? Saving a job? Getting a loan for business or housing? Seeing your 401K account fatten because of stock performance? Cheaper gas? GDP? Productivity? Improved employment? Interest Rates? Jobs coming back to America? Consequently how do you know when it’s working?

What Has Been Done?

Because of the new numbers coverage exploded. However, what have Trump and the new Congress actually done? Executive orders on regulation. Business and the environment. Pipelines. Budget cuts. Trade and the budget. In conclusion, is there an impact on the economy overall?

How Do You Know?

Who are the people that put these reports together and what methodology do they use? How do economists and traders judge these numbers? Seems like people accept them at face value. Should you place confidence in these reports?

What Actually Works?

Are there specific actions that can be taken to grow our economy? If business and economic philosophy is important, what do our leaders believe? Do you think there is a standard approach to economics and government in Washington? More importantly, we know ideas counter to the current approach exist. Will the new congress and president embrace them?

Back To The ’50’s

Let’s face it. We have a sclerotic, 1950’s style government. People are developing and using new technological tools developed for the 21st Century. Moving fast toward building a new world. Block Chain Currencies. Improved Communication tools. Robotic manufacturing. Higher productivity. Government might be out of step with those developments.

Sponsored by Ryan Plumbing and Heating of Saint Paul.

 

Podcast 592-New Era

Bob Davis Podcasts Radio Show 62

While the media ‘predicts’ the future of the new Donald Trump Era, I’ve been under a self imposed news blackout. I prefer to see what happens with the Trump before I comment. It seems to me an unpredictable personality as President is going to make it very difficult for pundits to tell you what kind of presidency it will be. Why not just wait and see? I think there are bigger trends at work.

Big Changes

We’re living through the dawn of a new industrial revolution. It seems to me, as everything around us changes government is changing too slowly. Technology is changing work and trade despite all this talk of returning America to 1950’s greatness. The biggest transportation company in the world owns no cars. The biggest hospitality company in the world owns no hotels. One of the biggest retailers in the world doesn’t own that many retail stores. It’s often difficult to determine the difference between a national export or an import.

Most of the jobs lost in manufacturing in the United States have been due to IT not outsourcing. Then there are the markets. One-size-fits-all mass markets are transitioning to mass specialization markets. Many new manufacturing plants will be automated and located close to markets they serve. It’s sad to me that in the midst of all this technology development we have a government designed for the 1950’s. Maybe this is something that will change.

In Podcast 592-New Era Day One-Bob Davis Podcasts Radio Show 62 I discuss what we need in the future. It seems to me this is more important than what someone said about Trump’s big speech. As a so called conservative takes power, I want to know whether Big Government Republicans will reduce the pernicious power of government. It seems to me we should be asking ourselves what will be required of us. What do we know? How do we know what we know? How did we learn what we know? Why do we fear competition? Why do some of us we fear change?

Sponsored by Hydrus Performance and X Government Cars.

Podcast 584-Bob Davis Podcasts Radio Show-58

Podcast 584-Bob Davis Podcasts Radio Show-58. With the Electoral Vote, Donald J. Trump is the official President Elect of the United States. He’ll be sworn in as the 45th President on Friday, January 20th, 2017. As terrible coverage of the election, post election and the events leading up to the inauguration continues, time to shift the conversation toward the challenges ahead. Podcast 584-Bob Davis Podcasts Radio Show-58 my coverage of these challenges.

Last summer I predicted the final outcome of the 2016 election would center on the Great Lakes region of the United States. Ohio, Pennsyvania, Wisconsin, Michigan. The former industrial heartland has been plagued by bad economic and policy initiatives, excessive taxation, corruption and incompetent local governments. It’s not surprising people in these regions would have reached a point where they have had enough.

The new narrative is Donald Trump heralds a new kind of politics in America. Depending on the source, either a darker, jingoistic throwback to the 1950’s, a new kind of Populist-Conservative politics, or a new Centrism. Every politician wants to be thought of as a rail splitter, born in a log cabin. Both Hillary Clinton and Donald Trump come from upper middle class backgrounds. Park Ridge, Illinois and the Jamaica neighborhood of Queens, in New York City are hardly breeding grounds for American Populists.

While the tone of the executive branch might change under Trump the fact is moderate, establishment Republicans and moderate Democrats are still in control of the United States Government. How do we expect this group of out-of-touch politicians to address the challenges we face?

Since 2008 the US has had stimulus, banking legislation, the adoption of The Affordable Health Care Act and a change in Foreign Policy. The result is nominal economic growth, with 63 percent of the eligible workforce sidelined. A foreign policy that was supposed to herald a new era of peace and cooperation, didn’t. Despite major changes in technology, trade and comparative advantage the new story line is Manufacturing’s Greatest Days lie ahead. Is this true? Another initiative of the new administration is to force spending of a trillion dollars on ‘infrastructure’. Will this work? Is this a conservative economic policy approach? With only 8 percent of the work force is employed in manufacturing and construction and most of the rest of us are employed in value added services, one wonders.

Whatever the new president wants to do, it will be processed through the US Congress, State Legislatures and the Courts. With plenty of Democrats in congress and state legislatures ready to put up a good fight, we’ll see how much the GOP and Trump can get done. We’ll also see if the policy they end up with will work to address major challenges of the future.

Massive changes are taking place in our society and the world as the Fourth Industrial Revolution takes hold. While it’s good for Trump supporters and Republicans to celebrate, and for Democrats to prepare their opposition, the question is whether any of the leaders in Washington really understand what is needed for the people of the United States to grow our economy, move forward and prevail in the new world. Sponsored by Brush Studio and X Government Cars.

Podcast 580-Bob Davis Podcasts Radio Show-56

Podcast 580-Bob Davis Podcasts Radio Show-56. Four mini podcast for your weekend. It’s time to move beyond talk about fake news and false narratives. Time to work on becoming better citizens. We have to get beyond reactions to get what is needed to create better political structures for the future. People have very high expectations about a Trump presidency. Whether you fear the future or can’t wait for it, the President-Elect’s cabinet nominations are moderate and establishment republicans. Trump’s ideas are philosophically all over the road. The new republican administration may end up being just as statist as a Hillary Clinton presidency. One example is Trump’s penchant for roads and bridges and airports. Given the establishment congress of republican moderates expecting a reduction in the cost and power of the federal government is too much to ask for. Fake News is still ‘in the news’. There were suggestions from the CIA at the end of last week that the Russians ‘could have’ been responsible for the Wikileaks hack. Still no proof though. That doesn’t stop the media from feeding into the Clinton camp narrative that Russia put Trump in the White House. It’s impossible to say what influenced voters in Ohio, Pennsyvania, North Carolina and Florida where Trump won by tight margins. None of these facts stop demands to ‘do something’ about ‘fake news’. FaceBook is caving and censorship is suddenly now a big topic. There have also been reports that Electors (members of the electoral college for 2016) have received death threats. What happens if Trump doesn’t have a majority of electors? What is the goal of people supporting the effort to influence the Electoral College? Have you driven around the country lately? If you had, you would know the United States does not have an ‘infrastructure’ problem. Building new airports, roads and bridges will not create enough new jobs to influence a 16 trillion dollar economy. Moreover, trade protection, cutting taxes on the middle class, increasing spending and government power including military spending is fraught with problems and probably won’t result in economic growth. Where does the money come from for these shiny objects? It has to be taxed or borrowed, sooner or later. For those who supported Trump because he ‘isn’t Hillary’, there are no guarantees he’ll be materially different from Clinton, when it comes to results. Sponsored by Brush Studio in the West End and Ryan Plumbing and Heating of Saint Paul.[Powerpress]

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 562-Father Son Debate Recap

Podcast 562-Father Son Debate Recap. Live from Los Angeles, California. Time for a father and son recap of the last debate between the presidential candidates in the 2016 election cycle. Mercifully, at least this part of the process is completed. Now its the beginning of the final stretch of campaigning for Donald J. Trump and Hillary Rodham Clinton for the White House. In Podcast 562-Father Son Debate Recap, you’ll hear the differences between how the younger generations see this election versus their parents. My view is, while Trump was more disciplined in this last debate in Las Vegas, he still doesn’t tell anyone exactly how he will do these wonderful things he wants to do. More frightening is the fact that Hillary Clinton knows exactly how to do what she wants to do. Both candidates offer state solutions to all that ails the nation. One wants to offer ‘free’ college and health care, the other will grow the moribund US economy by getting our allies to pay the US for their defense. The problems are much more complicated than that. Moreover, solutions that aren’t state oriented are more challenging to foster. We’re living in an age when more people in the US are getting used to ‘free’ stuff from the government. Building walls, getting allies to ‘pay’, ‘free’ college and ‘fixing’ ObamaCare are only going to add to the deficit and deepen our fiscal and social problems. This is why I say the current two-party system, stepped in old thinking, has produce two of the most ill suited candidates in modern history, perhaps in all US History. My son, Andrew Davis, has some slightly different views and he presents them quite well. All in all it was probably as substantive a debate as we’re going to get from Trump and Clinton. Our analysis touches on the debate, the style of the candidates, some of the current state by state polling, foreign policy, aid to allies and foreign trade. Sponsored by X Government Cars.

Podcast 547-Bob Davis Podcasts Radio Show-43

Podcast 547-Bob Davis Podcasts Radio Show-43. Back after a Labor Day Week Hiatus with Podcast 547-Bob Davis Podcasts Radio Show-43, which puts the election of 2016 in context. The party system in the United States has changed several times since the ratification of the US Constitution and the establishment of the Republic. From the first election in 1796 to today. Left and Right in this country have changed poles, and political parties have come and gone. From the Federalists and Anti Federalists, to the Federalists and the Democratic-Republicans, to the Democrats under Jackson and the Whigs, to the Republicans and Democrats parties, and the issues they advocate for have shifted. Are we undergoing another one of those seminal shifts in American Politics, or is the election of 2016 going to result in a presidency without much long term impact? Polling suggests Americans have strong negative feelings about both mainline party candidates. It’s a ‘hold your nose and vote’ election, where voters try to make a choice that is ‘least bad’ for them. Meanwhile local, statewide and congressional candidates are left to fend for themselves. Moreover the things both parties advocate don’t seem to make much sense in terms of addressing the salient issues on the minds of voters, as well as the challenges of the future. Technology, the developing countries of the world, immigration and the borders, the economy, the changing demographic picture of the country and more. From a population of about 3 million in 1800 to a population of over 320 million today, the country’s demographics, occupations and output have changed frequently. What do we need from government given new tools and ideas? Do we need a government? As the country changes quickly, politics in 2016 hasn’t kept up. Sponsored by X Government Cars and Ryan Plumbing and Heating of Saint Paul.

Podcast 523-Jason Lewis

Podcast 523-Jason Lewis. Join Mobile Podcast Command Unit 8 in the Pan-O-Prog parade in Lakeville, Minnesota. If you’re running for office, or working for someone running for office, regardless of party affiliation, you’re walking in parades, driving in parades, or handing out literature at parades all over your district, and you’ll be doing so until right around State Fair time in the land of ten thousand lakes. The Panorama of Progress parade in Lakeville dates back to 1967. Lakeville is in the heart of Minnesota’s 2nd Congressional District where a big political fight is brewing. It isn’t a fight between republicans and democrats, but a fight between republicans. Four candidates are vying for the seat being vacated by the retirement of Congressman John Kline. The trouble started before the CD2 Endorsing convention when Kline endorsed Darlene Miller instead of Jason Lewis. Some believe Kline’s problem stems from comments made by Jason Lewis on The Bob Davis Podcasts regarding Iran and US Foreign Policy. I would urge critics to actually listen to what Lewis said by searching ‘Jason Lewis’ in the search window on my website (thebobdavispodcasts.com) rather than using liner notes or taking the so called party line. As it pertains to foreign policy, I have said many times, it’s going to take independent and thoughtful congressmen, senators, presidents, career diplomats, defense and foreign policy experts to develop a new foreign policy for the United States. The old plug-and-play approach to foreign policy, or the best of the 70’s, 80’s and 90’s strategies isn’t going to work in a multi-polar world. Military commitments have to be considered in the light of what the knock-on effects of those interventions might mean, something our government really didn’t do very well when the US invaded Iraq and Afghanistan. Some might argue, this is the root of what ruined the GOP’s chance to succeed George W Bush, or to limit Barack Obama to one term. In the aftermath of the Ron Paul revolution in republican politics, as well as wars in Iraq and Afghanistan, the development of ISIS, the Arab Spring, Syria, emerging economies, China and Russia, we need a new approach to defense and foreign policy. The problem is, as I have said, foreign policy doesn’t come out of a can. In this podcast, we ride in the parade with Jason Lewis supporters, who commandeered Mobile Podcast Command’s PA System (I didn’t care, I wanted to ride in the parade anyway, and this doesn’t constitute an endorsement. Jason is a friend of mine, and I think he’s great, but you go ahead and vote for anyone you want!) so you can hear a campaign in progress, and then we’re joined by Jason to talk about the campaign, the Primary Challenge on August 9th, focusing on trade and the economic challenges for everyday Americans, on a brilliantly sunny afternoon in July, in Lakeville Minnesota. Enjoy riding in a parade in Podcast 523-Jason Lewis. Sponsored by Ryan Plumbing and Heating of Saint Paul and Karow Contracting, Storm Damage Specialists.