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 243

Halloween 1. The first of two podcasts for Halloween, 2014. Some developing stories catching Bob Davis’ interest as the media zeroes in on Election 2014 coverage. Now we’re scolding people for the Halloween costumes they’re wearing. Admittedly, most of today’s adults have never grown up and thus feel compelled to wear costumes for any and all occasions, whenever there is an opportunity. Yet now, the scolds are telling people Ebola Hazmat suits are ‘in bad taste’, those dressing up as ISIS terrorists ‘could be shot by police if ISIS terrorists were to dress up as ISIS terrorists’ (Editor’s Note: That one is really a stretch, but I did not make it up.) and Halloween displays with ‘severed heads’ are also in bad taste. Not to mention the criticism of young women’s increasingly sexy costumes as inappropriate, which if you are a single male is decidedly NOT inappropriate, but anyway. Hey people! It’s Halloween. It’s an offensive ‘holiday’ anyway. Can we give it a rest for 24 hours, and let people have some fun before they die of Ebola, or in a terror attack …or not? Meanwhile in the real world, the Centers For Disease Control has subtly let America know that Ebola can be transmitted through ‘water droplets’, which means yes, sneezing and coughing by an infected person could potentially infect someone else, and there would be no touching or ‘direct contact with bodily fluids’. Maybe this is why the US Military is quarantining personnel coming back from Ebola stricken areas in West Africa, for 21 days, no exceptions. A doctor in the Minneapolis and Saint Paul area writes in the Minneapolis Tribune this week, that in his experience symptoms are often difficult for doctors to connect with diseases, and people can be symptomatic before they have fevers, and not know it. Tom Combs also says there isn’t enough data yet to conclusively say that a quarantine isn’t just safe, and smart policy. He also says, people need to understand Quarantine is not punishment, nor incarceration. Quarantine is a way contain a disease and prevent its spread. Meanwhile, states are getting out in front of our intellectual-and-reluctant-to-act President. Louisiana sent letters to attendees to a topical disease forum in New Orleans, disinviting those who had been in West Africa in the last week, citing the need to protect the citizens of Louisiana. Hey! Some good economic news came out just in time for the election! How about that? 3.5 percent GDP growth in the 3rd Quarter. Most of it in the Government and Energy Sector. Oddly enough, Goldman now says that the US has dethroned OPEC and is now the New Oil Order. Falling prices for Gas is good, but this is not so good for investors in oil stocks, or countries that rely on oil revenues. (Editors Note: Take that suckers!) By the way … where’s your old crazy ‘peak oil’ uncle these days? The richest man in the world, Carlos Slim says 60 is the new 40, you shouldn’t retire and that soon people will work only 3 days a week. Machines work work 24/7, we’ll work 11 hour shifts and have more time for retraining and leisure. Finally, when was the last time you took a vacation? Why 5 weeks of vacation may soon become mandatory, and common. Sponsored by Depotstar