Market Goes Down Blame The Media-Podcast 631

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

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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.

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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.

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