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

 

 

Has United States Been Socialist For A Long Time? Podcast 625

We hear a lot of words used to describe various political factions in the US. Most will say the US economic system is capitalist but is this just an illusion? Are we socialist? Have we been socialist for a long time? It seems to me, we have. In Has United States Been Socialist For A Long Time? Podcast 625.

Socialism Is Everywhere

Just because a country’s economic system is socialist, does not mean it’s a tyranny. Denmark and Canada aren’t dictatorships. Singapore is a Socialist Market Economy. Places where ‘the people’ own or control the means of production. Most socialist countries these days enjoy democratic political systems.

Government and Non Profits Dominate State Economies

Americans think of themselves as capitalists. The thing is, the top three employers in my state are public institutions. Americans depend on social security, medicare, or medicaid ‘entitlements’. Home buyers get tax subsidies. We enjoy many tax deferred investment options. Farmers get subsidies. Public workers get pensions. All kinds of grants for education exist. Then there are the business subsidies and government contracts. Some popular business personalities receive billions in subsidies from the government. We’ll talk about it in Has United States Been Socialist For A Long Time? Podcast 625.

Both Parties Support Socialism

Democrats complain about light rail projects running through their backyards, but support government programs because ‘It’s the right thing to do’. Republicans complain about big government unless it’s the military, support for their businesses, home mortgage tax credit, social security and 401K programs.

The Right Thing To Do

It’s true that many of these programs date back to the depression in the 1930’s. Also true that creation of these programs came with the best intentions. Whether we like it or not, government is deeply involved in our lives. Of course, what the government giveth, the government takeaway. We’ll talk about it in Has United States Been Socialist For A Long Time? Podcast 625.

Classic Liberalism Is Forgotten

Republicans and Democrats argue the same side of the coin. Both are collectivists. Neither adhere to Classic Liberalism, a philosophy of limited government with the sole purpose of securing a maximum amount of individual liberty, property rights and free markets. While no political scientist would argue the US is Socialist maybe we should consider the possibility we are and have been for some time.

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

Has United States Been Socialist For A Long Time? Podcast 625

 

 

 

 

 

 

Podcast 611-Define Political Progress

When it comes to politics these days noise is the norm. The latest outrage drowns out talk about political progress. Voters in 2016 made their choices for a reason. Not too early to ask whether the politicians are making progress toward addressing those reasons. We talk about it in Podcast 611-Define Political Progress.

ObamaCare Repeal

Number one issue on the campaign trail. Bogged down in congress already. Republicans wanted a full repeal of the ACA. New GOP plan isn’t a full repeal. President Trump has already endorsed it. What happened to promises of a full repeal?

Economy

Somewhere around 96 million people are out of the workforce. Need to create 375,000 new jobs a month for several months to get those people back in the work force. For years we were less than impressed with a quarter of a million jobs each month. Economic growth has been promised. In Podcast 611-Define Political Progress.

Cutting Federal Budget

Smaller government? Proposed budget cuts are accompanied with proposals to shift money to defense. Does this reduce the size of government? A hiring freeze can be considered progress. Corporate tax reductions can be progress. However making up corporate tax reductions with higher taxes somewhere else doesn’t cut the budget.

Foreign Policy and Military Spending

Resurgent Russia. Rising China. Political changes in Turkey. Expanding NATO. Cyber Threats. US troops in Iraq and Syria. ISIS. Terror. Climate Change. How will reducing foreign aid and increasing military spending address these concerns? What should the foreign policy of the US be? It’s all in Podcast 611-Define Political Progress.

Too Early?

First benchmark on progress made by a majority republican government in the United States. Did you vote for republicans? Are they doing what you wanted them to do?

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

 

Podcast 607-Twila Brase-CCHF-ObamaCare Repeal-Real ID

Top issues in the coming weeks. Real ID. Repealing ObamaCare. President of the Citizens Council for Health Freedom Twila Brase joins The Bob Davis Podcast Radio Show 68 this week in Podcast 607-Twila Brase-CCHF-ObamaCare Repeal-Real ID. Your issue is health care and privacy? Twila Brase is a nationally recognized expert on these issues.

Real ID

Minnesota Republicans have once again proved themselves to be slaves of the Chamber of Commerce or ‘The Chambers Of Italian Fascism‘. Republican legislators are pushing Real ID. Real ID is a national ID Card. “You won’t be able to get on an airplane without one”. “You won’t be able to visit your sons and daughters on military bases without one”. “48 states have already approved Real ID”. Not True. Twila lays out the real deal in Podcast 607-Twila Brase-CCHF-ObamaCare Repeal-Real ID.

ObamaCare Repeal. Maybe.

Since 2010 repealing the ACA has been the centerpiece of the GOP campaigns. Republicans control Congress and the Executive Branch. Suddenly they’re singing a new song. Repeal. Maybe. Repair. Reform. Twila lays out the complex effects of ObamaCare. She’ll tell you why tax credits and maintaining medicaid benefits won’t fix it. The culprits are Managed Care and government regulation.

Breaking Their Promise

Promises on the campaign trail. Demands to repeal ObamaCare. Now its more complicated than they thought. Now Republicans have a secret plan to ‘fix’ it. Broken promises can be a tough sell come election day. Longer it takes. Closer we get to election 2018. The more wobbly they get. President Trump included.

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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 574-Bob Davis Podcasts Radio Show-53

Podcast 574-Bob Davis Podcasts Radio Show-53. What local TV stations are calling a blizzard has turned out to be some wind and snow flurries in Minneapolis and Saint Paul, setting the tone for this week’s radio show. Not content with predicting the weather incorrectly, the media has now taken to telling people the Electoral College is going to vote for someone other than the president elect. If that isn’t shocking enough, look how quickly the media has shifted from getting the outcome of the election wrong, to telling everyone just what kind of administration the president-elect will have. It isn’t shocking to conclude most of the pundits and prognosticators will probably be wrong in these new assumptions as well. Suddenly the so called ‘experts’ have rediscovered the Electoral College in the United States. Since we don’t report on news, or report on issues anymore the Electoral College has now become the dark and sinister force that is about to put the ‘wrong’ person in the White House. To define wrong, just insert any derogatory term you can think of. Don’t worry about proving any of them. In this show I am not going to define the Electoral College. If you don’t know what it is or how it is supposed to work, I’m not going to do your homework for you. Look it up yourself. Read the constitution and draw your own conclusions. In Podcast 574-Bob Davis Podcasts Radio Show-53, I will tell you why it is very unlikely the Electoral College is going to pull some kind of sophomoric temper tantrum or switch, or under vote to throw the election to a republican congress. This is par for the course in America, where any kind of media just continues to fail to do it’s job or do any kind of job. A media that got the election wrong because many on air felt the need to endorse a candidate early on in the primary races and their judgement was flawed from that moment. A media that got the election wrong because people on the air and in management made conclusions about polls that they could not make. All of them ignored the state by state situation and the closeness of the races in key states. Now suddenly they’re authorities on the constitution and the electoral college and they’re going to tell us what will happen next. Change is in the air in the United States. Change is apparent throughout the political spectrum. What it all means remains to be seen. Political junkies trapped in the roach motel of political coverage just can’t get let go of it. Maybe the people thinking about turkey and college football this weekend have the best approach. Sponsored by Ryan Plumbing of Saint Paul and Hydrus.

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 560-Bob Davis Podcasts Radio Show-48

Podcast 560-Bob Davis Podcasts Radio Show-48. Live from Garberville, California which I keep referring to as Gerberville in the radio show, so my apologies to the people of Garberville. Coming down out of the mountains in heavy, driving rain for three days will turn your brain to mush. Podcast 560-Bob Davis Podcasts Radio Show-48 is live with brand new content for podcast subscribers. When traveling you have to make adjustments as long trips begin to take on a life of their own. There’s a life lesson there. Maybe there’s a political lesson too. 2016’s presidential campaign has taken on a surreal life of its own. We will be left to pick up the pieces. GOP leadership could have allowed a floor fight in Cleveland which might have yielded better national candidates, but the establishment instead chose power over principle. Has the Republican Party lost its moorings? Is it breaking up on the rocks? You’re supposed to be loyal and vote for Trump so Hillary Clinton doesn’t appoint liberal supreme court justices. Really? Reagan appointed Justice Kennedy and George W. Bush appointed Chief Justice Roberts. Roberts opened the constitutional gate for ObamaCare. Should Trump win the presidency, with the possibility of a democrat senate, nominating judges who pass the ‘conservative litmus test’ will be increasingly difficult. I think the right has lost its reason and its ability to make the powerful economic arguments that used to make it attractive to the middle class. With a morally bankrupt leadership that can’t decide whether to endorse, withdraw endorsement, endorse again or just tell people to vote for Trump ‘because, you know…’ that is pretty much all she wrote for the Grand Old Party. The question is whether the republican rank and file, drunk on rhetorical arguments for every issue, will be able to do the hard work necessary to build a new party. Meanwhile, the GOP is losing women, and struggles to attract younger or minority voters. This show only scratches the surface of how sad it is to watch an old friend die of a terminal disease. Sponsored by Ryan Plumbing and Heating of Saint Paul.[powepress]

Podcast 525-BobDavisPodcastsRadioShow-35

Podcast 525-BobDavisPodcastsRadioShow-35. A power packed weekend radio show with brand new original content created for The Bob Davis Podcasts Radio Show. Preparing to head out aboard Mobile Podcast Command Unit 8, fully packed and loaded with sound equipment, Komodo Dragon Coffee, Beef Jerky and Macadamia Nuts. I will also try out some freeze dried dinners and breakfasts from REI. The Bob Davis Podcasts are headed first through northern Minnesota and Wisconsin to the Mackinac Bridge to Michigan’s Upper Peninsula. Then we’re touring down the ‘east coast’ of the Great Lakes State, to Detroit. Then onto Cleveland where I’ll be in the streets for the open of the Republican National Convention next week. There’s a lot of political news with rumors the #nevertrump crowd, which has morphed into #unbound, will try to block Trump’s nomination. What will Trump supporters in Cleveland do if a so called ‘unity’ ticket emerges that doesn’t include Donald J Trump? This week’s podcasts featured a ride through a standard American Parade in a small Minnesota town (that’s not so small) and an interview with 2nd District endorsed republican candidate Jason Lewis. Lewis is battling three other republican contenders for the official nomination in the 2nd district’s August 9th primary. Meanwhile, democrats salivate at the possibility they’ll pick up the seat retiring congressman John Kline has held for nearly two decades. This podcast includes a truncated version of the ride through the parade and a slightly edited version of Jason’s interview. After Cleveland I’m heading back through western Ohio and Indiana, north through Chicago to the air show at Osh Kosh, Wisconsin. With new shocks and tie rods, new tires, a full tank of diesel and a clean windshield, Mobile Podcast Command takes to the highway. Sponsored by Ryan Plumbing and Heating of Saint Paul and Hydrus Performance.

Podcast 516

Summer Starts The Year. Most of this year has been like living on an ice floe, or behind glass, or encased in cotton. Now that summer has started, it feels like things are speeding up. It feels like the year is just starting. If that assessment resonates with you, there are three stories to watch in the next few weeks that may bear fruit as major game changers. Or not. First, Britain votes on June 23rd on whether to exit the European Union. If you read the analysts it’s all gloom and doom. Such an exit will trigger an economic collapse, or worse, plunge Europe into a collection of disagreeable states that triggered two world wars in the 20th century. Yet, if you think about it, there are many states that aren’t in the EU, both in Europe and in the rest of the world and we all seem to get along just fine. The world isn’t going to stop trading with Britain whether it stays in the EU, or not. Second, Movements such as the British Exit movement are characterized by the worldwide media as “Populist” or “Nationalist”, or worse “Xenophobic”. Explanations are offered to suggest this is the effect worldwide of the Trump candidacy. What if that isn’t it at all? What if people are struggling to come to grips politically with overbearing and increasingly incompetent governments, and central banks who seem to be doing more harm than good. The west seems to have a disturbing faith in government as a solution to all that ails. What if governments, politicians, technocrats and elitist ‘leaders’ are the problem? Is it possible we have lost the language to be able to define the problem, since almost every story about the economy leaves one with the impression that there’s only one way to address economic stagnation in the US and the rest of the world and that is to stimulate demand. What if stimulating demand isn’t the issue at all. Since we’re all so steeped in one way of thinking regardless of what ‘side’ of the political divide we’re on, we seem to be struggling with the issue of how to describe the tyranny of government. Our political system doesn’t seem to have the capacity to address it, mainly because we don’t seem to have the language to name the problem. Thus, people get described as ‘populist’, or ‘xenophobic’, and non governmental solutions get described the same way. If we talked about government in terms of Monarchy, perhaps Americans would better understand the increasingly unlimited power of government over our lives, and the unlimited ability of government to fail. Maybe that’s what the British in favor of an exit are saying. Third, republican candidate for the nomination for president Donald Trump may suffer death by a thousand cuts, politically speaking in the next few weeks as more and more issues come to the forefront concerning his campaign effort. Vulnerable Republican Senators are so concerned about losing the Senate they managed to get Marco Rubio to announce he is running for Senate in Florida after all. Moreover, Romney supporters are getting appointed to powerful posts on the rules committee, a ‘conscience clause’ rule change is in the offing, former Bush Administration officials are endorsing Hillary Clinton and it was revealed this week Trump’s campaign only has 1.3 million dollars on hand for a national campaign, and isn’t fully staffed. Get ready, a major challenge to Trump is in the works, with all the usual suspects working behind the scenes. Did someone say Jeb Bush? Romney? Ryan? Rubio? Time will tell. Sponsored by Karow Contracting and Brush Studio in the West End, Saint Louis Park.