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.

Sponsored by X Government Cars

Market Goes Down Blame The Media-Podcast 631

 

 

Podcast 573-Fake News

Podcast 573-Fake News. Suddenly everyone is upset about ‘Fake News’. In Podcast 573-Fake News, Fake news and propaganda sites are the latest demon to have spawned the election of Donald J. Trump as President of the United States. Well. President-elect. After years of the right blaming ‘the media’ for everything wrong in society, the poles have shifted. Now democrats are blaming their beloved media for electing the antichrist. If it weren’t for all those propaganda sites from Eastern Europe and Russia spewing anti Clinton poison our country would not now be plunged into a cesspool of populism, racism, woman-hating, republicanism. Sigh. Fake News? It’s all fake. It’s all fantasy and it has been for some time. Broadcasters in radio and television, cable news channels and big money backed ‘news’ websites are obsessed with social media and user driven sites like You Tube. Every waking hour for a broadcast executive is spent quaking in fear over the question of relevance. Content is driven by FaceBook and You Tube, Twitter and SnapChat. Historic election? Not bloody likely. No one knows yet because we still have to sift through the voting data. Women putting Trump in office? Isn’t your vote supposed to be anonymous? How do they know? A review of the outcome in a few of the battleground states reveals the one fact we know. In key states the republican vote turn out was better than the democrat vote turn out. If democrats had voted to the margins for Barack Obama in 2008 and 2012, Hillary Clinton would be the president-elect right now and we’d be listening to the right whine about the media and demand something be done. What is News? Far from a recitation of the events of the day or new information on a particular subject, ‘News’ has become a roundtable discussion with people who don’t have a clue what’s going on because they sit in air conditioned studios in New York, or a gossip fest between washed up TV stars and entertainment figures, or shouting back and forth at each other through cameras on both coasts. News? People don’t want news. They want to be reassured. They’re pretty. They’re strong. Their guy is gonna win. All is well with the world. News? Here’s something you already know, packaged differently and stated firmly. Passing a law to regulate news outlets? Check the first Amendment. No. What’s the antidote. Turn. It. Off. Read. Be a good citizen, Become the warrior you are. Protect your own media battle space: Your mind. Refuse to accept the storyline they want to upload to your hard drive and create your own story line. There’s a reason for the Trump victory in this election, and it’s not fake news websites. It’s a simple fact that more people voted for Trump in key states than Clinton. They had their reasons. Personally, I am sick and tired of being told what to do, and what to think by thieves in Washington DC who will increase their power and the size of the government whether there is an R or a D in front of their name. Sponsored by X Government Cars.

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 449

It’s Just The Presidency. Live from Minneapolis and Saint Paul International Airport, Lindberg Terminal, since this is where almost everyone will be at some point during the Holiday season. As family and friends get together for Christmas and The New Year’s, conversations about the Presidential Race and politics will inevitably come up. Some will be new discussions, others will be continuations of discussions began during Thanksgiving. As we walk and talk through the airport, we discuss the idea that there has been a predominant and early focus on the personalities for the presidential race, and with early primaries coming up starting February 1st, and running through next summer, that focus will only increase. With all this presidential coverage it seems like we have completely forgotten 435 house members will be chosen, a third of the US Senate and a host of local, state representatives will be elected, as well as governors in some states. How many of us will be talking about elections for congress, state houses, and governor’s this year, rather than the latest gaffe by some over-televised and exhausted candidate, somewhere in Iowa, or New Hampshire or South Carolina? We’re supposed to have a balanced government in the United States, with sovereignty resting with the people, but it seems more and more as though we rely on one person as the Imperial President to administer the largest and most expensive federal government in the world, with now huge responsibilities. What is the history of ‘mixed’ or ‘balanced’ government. How can a system of checks and balances work if all we talk about are the personalities running for just one part of our balanced government; the executive? What did the founders think of the presidency? Why are there a whole list of enumerated powers in the US Constitution for Congress, the states and a Bill of Rights for the people, and few for the President? What happened in our history to make our presidency so powerful, and is this a good thing? How do we undo it? This is the conversation and the question families and friends should be having this year, heading into 2016’s election. However, people just seem to want a personality to ‘fix’ things, they don’t want to be bothered with details. Maybe this is why the founders also checked the people with an electoral college and Senate appointed by state legislatures and governors. If we’re not going to do our duty as citizens, maybe we need to go back to the old ways. Sponsored by Ryan Plumbing and Heating of Saint Paul and X Government Trucks. Merry Christmas and Happy New Year, from the Bob Davis Podcasts.