Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697

First of all, the state of the union message used to be a letter. These days you’d think it is the Grammys, Golden Globes or the Oscars. In addition it’s a national event. We’re ‘supposed’ to watch. In Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697.

America Is Back

Trump’s says the Economy Is Booming and America is Back. Really? Since when is 2.6 percent GDP growth a booming economy?

Wall Street Is Main Street

Furthermore during the Obama presidency republicans used to say ‘Main Street Isn’t Wall Street‘. Now that republicans are in power suddenly main street IS wall street. Even when the market is down.

Booming Roaring Economy, right?

In Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697 I’ll outline factors that go into our old style measurement of the economy. Yes there are bright spots. Much as we like good news, let’s not go overboard.

Wait. It’s Trump.

Go overboard!

The Tax Bill. The Tax Bill!

The singular legislative ‘accomplishment’ of this administration so far is the tax bill. Lower corporate taxes are thought of as a good thing for business. Whether the so called middle class will benefit remains to be seen. Certainly the economic effects of changes in the tax code only a month old are not part of the current economic numbers. Find out why inTrump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697.

Executive Orders!

Trump supporters like to tout his executive orders. Many of these don’t do more than tell cabinet departments think differently. Most importantly Trump is issuing far fewer regulations. Have these actions produced economic results?

Witch Hunts Galore

Especially relevant are investigations on Russia and the FBI. The truth is none of this has had any real impact on the day to day business in the rest of the country and have failed to yield conclusive results so far.

Distractions Are The Order Of The Day

Welcome to life in America at the dawn of a technology revolution. This one makes the industrial revolution look like the middle ages. As it gathers speed every tenet of government and society will be challenged. Meanwhile we’re talking about porn stars and Trump’s latest insult.

No One Cares About Outmoded Thinking

In conclusion, most of the older adults in this country dream of a time marked by their own innocence in the late 1950’s and early 1960’s. Moreover our thinking about almost everything is outmoded. Mercantilism, trade protection, mass surveillance, bigger and more expensive government, and huge debts are not about freedom regardless of which party is in control of congress or the executive branch.

(EDITOR’S NOTE: On February 1st 2018 the Atlanta Federal Reserve projected US Economic Growth in the first quarter of the year to be 5.4 percent. This is a noteworthy prediction and if it holds for the US overall it will be a game changer. 5.4 percent GDP would be robust and if it holds through 2018 the terms ‘booming’ and ‘roaring’ would apply, at least as it pertains to GDP measurement.)

Sponsored by Ryan Plumbing and Heating, Brush Studio in The West End and Reliafund.

Trump State Of The Union-America’s Back-FBI-Russia-Economy Booming-Podcast 697

 

 

Podcast 425 – New Thinking Part 1

New Thinking Part 1. These days, politics is one emotional appeal after another. The media refers to politicians like Donald Trump and Bernie Sanders as ‘populists’ but in fact they are demagogues; Using emotional appeals and often stimulating people’s long held prejudices and biases to gain support for their campaigns. In 2016 we’re going to see the ‘new rules’ of politics come into play with a vengeance. Most of the action will take place on the so called ‘small screen’ which means your television and especially your smart phones, social media, news websites where viewers watch a video, or part of a video and move on. A strange and symbiotic relationship between media, polling and politics have turned American politics into a freak show. Outrageous characters and weekly ripples in story lines mean more eyeballs. Media moguls and the candidates are laughing all the way to the bank, to the Capitol and the White House. Meanwhile increasingly angry voters become frustrated, losing faith in the outcome of elections, voting and the government itself. Moreover, the worst invective is often heard at meetings where the same politicians and charlatans troop through and tell people what they want to hear. It’s time for a reboot of American Political Thinking. It doesn’t start with politicians or personalities. It starts with individuals, communities, and values. It means researching and thinking about the concerns of your community, developing ideas about issues, talking about those issues, and creating effective political organization around those ideas, not the rhetoric of some pol who will forget about you and your concerns the minute he is elected. A new America is being created.  A new way of thinking is being created, whether you want it or not. If we don’t change the way we think about politics, taking it back to the blocks and rebuilding it, we’re doomed to being controlled by personalities — demagogues — more interested in power than the people. I’m starting a new series of podcasts, which will bear the ‘New Thinking’ title. I’ll do them when the spirit moves me, or I encounter a person or situation I think will help build a new way to think, talk and DO politics in this country, because what we have right now, isn’t cutting it. Sponsored by Baklund R&D, Pride of Homes and Luke Team Real Estate. 

Podcast 362

No Growth Economy. New numbers say the US Economy grew by only .2 percent. Yet still, the Federal Reserve says the economy should grow now in the second quarter. Never mind all the ‘experts’ predicted 2015 would be a ‘blow out’ year, and that they have been revising their predictions down all through the quarter, they were still way above what the numbers actually show. Excuses? They have a few. The weather. The work slow down at the Port in Los Angeles. The weather. The strong dollar. Did I mention the dollar? The US has now had quarter after quarter of slow, no, or only anemic growth, and yet the Obama administration and its apologists, and the bone headed financial media call it a ‘boom’. Meanwhile small and medium sized businesses all over the country know it for what it is. A no growth economy. Why do business writers believe things will change if the policies don’t change? Does the consumer really account for 70 percent of the economy? What if we’re using the wrong tools to stimulate the wrong things? What’s that old saw about the definition of insanity? Banks aren’t lending because they can make more money borrowing at the discount window, reinvesting in the stock markets. Companies aren’t investing because they’re buying back their own stocks. The US corporate tax rate is the highest in the world (by far), and the tax code is so complex it costs us dearly in productivity lost (while we comply with the tax code) and literally billions of dollars spent complying with its byzantine rules. Regulations of all kinds make it almost impossible for small and medium sized businesses to grow. What are the policy ideas we need to hear from candidates (which we’re not hearing) to fix the economy. It’s not about inequality. It’s not about ‘reformicon’ tax policies (which are actually democrat tax policies warmed over), or making the government work more efficiently. In this podcast, some ideas you may agree or disagree with, but it will definitely start you thinking. Sponsored by Ryan Plumbing and Heating and X Government Cars

Podcast 234

Market Plunge. If it wasn’t for Ebola, this week’s Market Plunge would be the top story and we’d all be talking about it. Was it really less than a month ago that President Obama said the market and economy had come roaring back? And this week the market gave back all the gains so far of 2014. Will it come back. Analysts aren’t so sure. As the rest of the economies in the world contract, all hope was placed in US economic growth which the fantasy world created by the media hyped. Bad retail sales numbers this week dashed those hopes. Meanwhile the world’s governments and central banks that depend on inflation to wipe away debts, are very concerned about disinflation turning into deflation. Are lower commodity prices a good sign, or a bad sign? In the final analysis, the US economy will probably not be enough to act as a counterweight to fading growth in the Euro Zone and China, even with lower commodity prices. The worry on Wall Street? Faltering demand among consumers. Surprise! While the President touts economic ‘recovery’ the number of Americans on SNAP benefits (in other words Food Stamps) skyrockets, the clearest indication yet that the newly employed are in low wage part time jobs, and those out of the work force may stay out as long as government programs pay them to. Not a good combination, and certainly not one that indicates dynamic growth. What’s going on? Steve Forbes has five suggestions that are pretty good. The upshot? We’re a long way from the kinds of radical reforms that will change the scope, cost and size of the Federal Government and get things back on track. It isn’t gridlock causing the problems, its the people. It’s our politics. How do we put away creaky old Keynesian concepts moderate Republicans, democrats and progressives have championed going back to the New Deal? How do we cut away regulation, spending and taxation and reduce government power, so that new decentralizing technologies can empower the individual to innovate, generate tomorrow’s successes, and power the US out of the malaise we find ourselves in? Yes, there are Republicans afraid of radical change just as there are democrats afraid to reduce the size and power of government. We have to stop expecting creativity, innovation and entrepreneurial instincts from politicians. News Flash! Your congressman is not Steve Jobs. Not by a long shot. Some ideas to consider when thinking about the other major story chronicling the failure of ‘big government’ these days; The economy. Sponsored by Depotstar

Podcast 232

Obama and Ebola. As another health worker is reported to have contracted the Ebola virus, the President cancels a fundraiser to hold an emergency meeting with his ‘Ebola Team’ to make sure ‘it doesn’t happen again’. The meeting raises yet more questions, even as it raises the stakes for an embattled President. As predicted weeks ago by The Bob Davis Podcasts, Ebola now dominates news coverage, in the fantasy 24/7 news cycle. And, in the Magic Kingdom of the News Media, whatever steps taken to combat problems like Ebola, the feeble economic recovery, or a threat like ISIS just have to work…unless they don’t. Still, questions not answered continue to multiply. Why did Amber Vinson – the third person with Ebola in the US and second health worker to contract the disease at the hospital in Dallas – get on a plane and fly to Cleveland, from Dallas, and back … with all the stops in between. That seems like a lot of ‘contact tracking’ for the ‘experts’ at the CDC to do. Are charges about containment procedures being ignored at the Dallas hospital true, and if so, does that mean we should be monitoring more than a little over a hundred people from there? What does ‘self monitoring’ mean? And, why was a person who was supposedly being monitored flying around the country? Moreover, experts keep saying we don’t have enough data to know if the Ebola Virus can be spread more easily than what ‘experts’ say, or whether it could mutate into a form more easily transmitted. Finally, if this is what happens when one terminal Ebola patient shows up at a hospital, what happens when 3 show up? What about 10? What about 100. How many ‘SWAT Teams’ of ‘pros from Dovwer’ does the CDC have? To add insult to injury, if you’re concerned about the response to Ebola infection in the US (such as refusing a travel ban for people coming from West Africa, which Columbia and the tiny Caribbean Island of Saint Lucia’s have done) you’re panicking? Then there are the markets, dropping because of concern about economic slow downs in Europe and China. Oh yeah, let’s not forget ISIS which is not cooperating with Obama’s strategy to ‘degrade and destroy’ them. If this really is the Democrats ‘October Surprise’ its not working well. As polls show more momentum with Republicans on the issues those surveyed care most about, it suggests voters that decide who to vote for at the last minute could pick Republican candidates. The only bright spot is cheaper gasoline, as Saudi Arabia pumps like crazy, hoping to force American oil companies to slow or stop production, which is reportedly not profitable below about 90 dollars a barrel. Just a word of caution; A drop in the price of commodities is really not a good sign when every major central bank in the world is pumping cash into the banking systems. Will these problems go away? Or cascade into catastrophe? Only time will tell. Sponsored by Baklund Research and Development