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.

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Market Goes Down Blame The Media-Podcast 631

 

 

Podcast 570-Election 2016 Results

Podcast 570-Election 2016 Results. Comprehensive analysis and minute by minute vote totals for Election 2016. How do podcasters cover presidential elections in real time without being live on the air, and without streaming? Podcast 570-Election 2016 Results shows you how. Follow along as I experience the election in real time on November 8th, 2016. The world seems surprised at news that Donald J. Trump has won the presidential election in The United States. Podcast 570 and Podcast 569 are meant to be listened to as companion podcasts. Since I did not endorse either candidate, I was able to provide objective analysis and experience the race objectively. Podcast 569 broke down the final poll data for the state by state races, avoiding any analysis of the national presidential preference polls. This minimized the surprise for anyone subscribing to the Bob Davis Podcasts, because you already knew no one could comfortably call this race. That did not stop the charlatans in talk radio, cable news and on line from attaching probabilities, or calling the race for one or the other. Not only was this race surprising overall, it was surprising on the state by state level. For the most part though, the state by state polls were either close to the totals in some cases, or within the margin of error. The US election is a state by state election, with the electoral college actually choosing the president on or about the 15th of December. In this hour plus long podcast I’m joined by friends, and family on the phone as well as a late night visit from local Minnesota Politico and web developer Mitch Rossow. At the close of this podcast we’re still waiting for Michigan and Minnesota returns to come in. I’ll have to update those on the next podcast. With Republicans retaining the Senate and the House majorities, and now winning the Presidency, now it is a question of the way forward. We’ll be talking about these issues and more on future podcasts. Pundits like to say the country is divided. What they might say is we can now agree on one thing. The worst election in recent memory is now, mercifully, over. And, tomorrow is another day, after all. Sponsored by Ryan Plumbing and Heating and X Government Cars.

Podcast 569-Final State by State Round Up

Podcast 569-Final State by State Round Up. Where the state polls stand for presidential candidates right before election day 2016. This podcast does not endorse a candidate. I will not make you feel good or bad about your vote, or non vote. I will not attach ‘indexes’ and ‘percentage probabilities’ to potential wins or losses for the candidates. In Podcast 569-Final State by State Round Up, how candidates fare in each of the states according to existing polls. Partisan and advocacy journalists don’t provide insight on survey research. I do. What you’re getting from the cable news channels and advocacy news ‘websites’ are charlatans pushing their point of view. Fact is, no one knows how the election will play out in any of the so called battleground states. That’s because despite all the best effort, even the best political researchers are challenged to determine who is actually going to show up to vote especially when the polls show a close vote, within the margins of error. Elections are made on who votes. Not the number of signs. Not the number of people who show up at rallies. Not who ran the best TV spots. It’s all about getting the vote out. Once the vote is in, it’s all about counting. Is the election rigged? In a sense, yes. The United States is a representative republic which elects its executive not by the popular vote but through an institution known as the Electoral College. Some states’ electoral slates are proportionally chosen. Some states select electoral slates by party. The electors themselves have already been chosen. They will actually select the President of the United States on December 15th, 2016. In some states the popular vote determines how the electors are ‘supposed’ to vote. In some states it depends on which party’s candidate wins the overall vote. No so called ‘rogue elector‘ has ever been prosecuted for voting outside the state statute guidelines. In the event of an electoral tie, the election will be decided by the US House of Representatives. One thing is true, the republicans are the ones talking about ‘rigged’ elections right now, but if Donald Trump wins the presidency they’ll stop talking about that immediately and the democrats will start talking about things being ‘rigged’. The only thing coverage of these kinds of conspiracies do is reduce the faith Americans and the rest of the world has in the electoral process. In reality, ‘rigging’ a national election is a difficult task, despite what movies and conspiracy theorists say. If you are concerned about your candidate winning the election, the best thing you can do is turn off the TV and get out and help them win by driving people to the polls or making last minute calls, poll watching, or if you’re qualified, volunteering as an election judge. Thankfully we’ll be looking at election night results in the next podcast. Sponsored by Hydrus Performance and Brush Studio, in the West End, Saint Louis Park.

Podcast 532

What I think of Election 2016. Getting emails and calls from people political analysts would consider ‘low information voters’ asking what I think and who they should vote for. So in this podcast I am going to tell you. First thing? When you consider the low quality of all reporting on election 2016 everyone is pretty much a low information voter. In 2016 the country is facing decisions on major issues in economics, immigration, trade, foreign policy, military, diplomacy, social issues and more. Almost no one fully understands the contours of these issues well enough to discuss them. Instead what we have are tribes of people who are very emotional about these issues. They know the latest meme. They know all about the latest scandal and the latest ‘story’ evolving concerning who said what about who, and the reaction to it, but when they’re asked to discuss any of the key issues of our time with clarity and depth, as they say in the windy city; “fergitaboutit”. Who do I think should be president in 2017? None of them. Repeat. None of them. If you include the so called independent candidates and the mainline party candidates they’re nothing but placeholders. Someone needs to lay out what the potential outcome of this election will be, regardless of who wins the office. I start – repeat start – to do that in this podcast. I realized about twenty minutes in, this is going to take more than one ‘talk’ podcast (with no editing) to lay out all the possibilities and outcomes. Bottom line? None of the potential outcomes bode well for the future of the United States. We’ve had a series of placeholder presidents, and it looks like we’re about to have another. Meanwhile, the country is getting closer and closer to what I call a ‘clarifying’ event that will wake people up from their media induced hypnosis, and reinvigorate the political process. Maybe. Maybe not. Meanwhile, if you expect to get information from television and radio, and from the standard websites these days, I feel sorry for you. If you guess you’ll find “the truth” on You Tube’s conspiracy channels, and the Drudge Report, guess again. In What I Think of Election 2016 you’ll get my read at the present time, which sets up future podcasts specifically on the issues in the hope of giving listeners to the Bob Davis Podcasts a little more substance and depth than you’ll find anywhere else. Meanwhile, it’s on to the motorcycle rally at Sturgis from here. Sponsored by Hydrus Performance and Brush Studio in the West End, Saint Louis Park.

Podcast 529

First Night at EAA. Sunday nights are load in nights for exhibitors, fly-ins, and media at the EAA AirVenture Air Show at Osh Kosh, Wisconsin. I always celebrate with a regular podcast, live from just under the control tower as we start a new week, on the First Night at EAA. It’s late. Everyone is asleep, but I am getting in the last few thoughts on the coming show, and new developments in the political world this weekend. Having just come from the RNC at Cleveland and witnessing the divisions in the Republican party firsthand, it’s a little weird to see the same kinds of fissures developing with the democrats at Philadelphia with the specter of the democrat establishment killing the grassroots too. Throughout this hot and stormy Sunday I’ve been thinking about a recent email exchange with a Trump supporter that says so much about American politics today. A gentleman who normally sends me great jokes via email suddenly swerved into politics exhorting me and a few score others on his email list to ‘vote Trump’. Why? Because Trump is going to get rid of NAFTA and the TPP and bring all the jobs back to the United States. I decided to press him to find out exactly why he thinks what he thinks and why he would take the unusual step of pushing his friends to vote Trump. It took several emails to learn he just ‘feels’ Trump is the best guy, Trump is like Lincoln, Trump knows what to do and he’ll do it, and don’t make me explain this stuff, google it. Then he asks me what I think of the questions I asked him! That serves as a debate in the land of Trump. A place where everyone gets what he wants, when he wants it, because Trump said so. A place where one bright morning a box will arrive from China and everyone will open it up and find a note that reads, “Sorry about taking your job at the bucket factory way back in 1997 but we needed it. Here it is back, slightly used but we hope you’ll forgive us”. There it is people. Donald J. Trump is going to get Uncle Joe his job back at Bethlehem Steel so he and Martha can buy back the 1993 Buick Regal, which the GM plant in Flint will be making again thanks to old ‘I’ll make the trains run on time’ Trump. I realized, while ordering coffee at the concessions stand next to the beautiful B-25 out here on the airfield, that there are a lot of 50+ children out there. Thinking is just too hard. Researching facts takes too much time. Actually learning the contours of an issue is a job no one wants. Lots of final thoughts — for the time being — on the convention, the resignation of Debbie Wasserman Schultz as the DNC chair, and the impending Trump presidency. Or not. Thank God I can talk about airplanes for the next few days! Sponsored by Hydrus Performance.

Podcast 427 – Michele Bachmann

Michele Bachmann. The Bob Davis Podcasts caught up with former Congressman Michele Bachmann at the Citizens Council For Health Freedom annual dinner. Bachmann proves she is still a firehose and a firebrand when it comes to talk about politics. The CCHF is interested in repealing Obamacare, so this is where we start. Does the former congressman really think this congress, or the next, is going to actually repeal the ACA? How would that vote be taken? Sharing some of her experience from the presidential campaign trail in 2012, she talks about Jeb Bush and Donald Trump, and responds to a question about Trump’s seeming support of not repealing the ACA, saying Trump is willing to change his mind. She goes on to blast current republican leadership in the House of Representatives, and especially Minnesota Republican Leadership for not taking the fight to the left. She also takes on what she feels are the big issues in the 2016 race, starting with illegal immigration, and her analysis of what the republican base wants. Bachmann says Minnesota Republicans are risk averse, afraid to take on the democrats and the left, on the issues. In comments sure to ruffle some careful republican feathers, Bachmann says Minnesota’s Republicans at the state and federal level ‘don’t want editorial boards mad at them’. Bachmann says the Democrats are pushing hard left to their base, while the right is doing the opposite; pushing more to the center and ‘kicking its base in the shins’. Current Republican leadership in Minnesota really isn’t going to like her critique and explanation of why she thinks they are doing a bad job, but the base will celebrate what she says. Bachmann agrees with many of her former constituents who lament the loss of what she calls conservative leadership in Minnesota and reminds people on the sidelines in the Republican camp that one person can make a difference, providing a detailed history of how she got involved in politics in Minnesota in the first place, and then on to Congress and a presidential campaign. The former congressman and 2012 presidential candidate travels the country speaking, and proves in this interview she is as capable as ever of shaking things up. Is there another election in her future? Listen and find out. Sponsored by X Government Trucks and Eric and Erum Lucero of Pride of Homes and Luke Team Real Estate. 

Podcast 222

2014 Election Coverage. One month away from Election 2014, The Bob Davis Podcasts begins its coverage. All the pundits and big networks have developed story lines for the election this year: What’s going to happen on election night. What is Bob Davis’ story line for the evening of November 4th, 2014, when election results start pouring in across the country. Will it be a Republican Wave? That’s the story line. Is it true? What about Minnesota state elections for state-wide offices and the legislature? How do ‘regular’ people decipher what the polls say, and what they mean? Does any analyst have a handle on what people are thinking going into this election. While voters are dissatisfied with President Obama, they are also dissatisfied with the House of Representatives, the Republican Party and the US Senate. Moreover, with 435 local congressional district elections, 1/3rd of the Senate and local elections across the country, the results may depend on local personalities and local issues. Republicans point to leads in some states they hope to pick up Senate seats in, but are those leads wide enough to overcome democrat turn out advantages. Do Democrats really have a turn-out advantage? And what about those polls? Are they to be believed? Is there a rule of thumb observers can use? Where to go to find the polling data, and the averages all in one place. What will be the big story on election night? Republican take over of the US Senate? Or will the Democrats hold? Will Republicans win state-wide races and the legislature in Minnesota? We welcome your comments and suggestions regarding coverage via the comments section at the Bob Davis Podcasts. And, introducing the over-the-top theme for Election 2014 coverage from the Bob Davis Podcasts. Sponsored by X Government Cars

Podcast 220

Bonfire at the Broadcast Bunker. On what may be one of the last great nights of the early fall/late summer season in the upper midwest, a back yard bonfire produces some reflection on this year’s election (not exactly inspiring), constant media predictions about its outcome (which are probably wrong) and the increasing desire to just vote and get it over with. A little bit of insight on where content for podcasts comes from. It would be easy to just pull some news stories and talk about them. The good stuff comes from what you pull from deep down. What does one do when there is no inspiration? Go to Yoga, have dinner with friends, light a late night bonfire by the bunker and turn on the microphones! A rant about restaurants that have TV monitors everywhere, the constant ‘push’ of the media filling ‘the news beast’ with updates, which really don’t mean anything, and why this podcaster will continue to scan, print and read to stay on top of developments. And, what about the 2014 election cycle. We have heard many predictions about its ‘probable’ outcome, from a ‘Republican Wave’, to the Democrats holding the Senate and gaining seats in the House. Are any of these predictions close to being correct? What will the ‘big story’ be on election night? What constitutes a ‘republican wave’, a loss or a win for democrats? How will a republican controlled Senate play in Season 6 and 7 of ‘Obama!, the series? How reliable are polls? Are they in any way useful in giving us any idea of what everyday Americans are thinking and feeling? Or, have people checked out of this one already? (Two misstatements in this podcast. First; Republicans don’t have to win 6 races, they have to pick up 6 seats to gain control of the Senate. Second, Republicans aren’t retaining control of the Senate. The Democratic Party currently holds a majority in the US Senate.) Sponsored by X Government Cars

Podcast 183

Impeach Obama. Is that all some people on the right have to say? Just about 100 days left until the midterm election day, November 4th, 2014. What are people on the right FOR? What are Republicans FOR? What politician is going to debate his or her opponent, has had a gaffe, which politician said what about the other seem to have precedence in the mind of the electorate. While this may be fine for Progressives, it won’t do for the Right. While republicans are still trying to win the rhetorical battle, democrats are raising more cash, and more cash from small donors than Republicans. What’s more potentially damaging for Republicans? Democrats are raising a lot of cash on the specter of Impeachment. Begging the question, What is the right actually in favor of. 100 days out and the Republicans don’t seem to have a ground game, other than Impeach Obama and call your Congressman (that is if you actually know who your Congressman is). If the right doesn’t get it together, the story of the election will be, “What happened to Republicans? … Again”. Moreover, impeachment is no guarantee Obama will actually be removed from office, and specifically for what?. Not to mention, it would put Joe Biden in the White House. Sponsored by Edelweiss Design.