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 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 523-Jason Lewis

Podcast 523-Jason Lewis. Join Mobile Podcast Command Unit 8 in the Pan-O-Prog parade in Lakeville, Minnesota. If you’re running for office, or working for someone running for office, regardless of party affiliation, you’re walking in parades, driving in parades, or handing out literature at parades all over your district, and you’ll be doing so until right around State Fair time in the land of ten thousand lakes. The Panorama of Progress parade in Lakeville dates back to 1967. Lakeville is in the heart of Minnesota’s 2nd Congressional District where a big political fight is brewing. It isn’t a fight between republicans and democrats, but a fight between republicans. Four candidates are vying for the seat being vacated by the retirement of Congressman John Kline. The trouble started before the CD2 Endorsing convention when Kline endorsed Darlene Miller instead of Jason Lewis. Some believe Kline’s problem stems from comments made by Jason Lewis on The Bob Davis Podcasts regarding Iran and US Foreign Policy. I would urge critics to actually listen to what Lewis said by searching ‘Jason Lewis’ in the search window on my website (thebobdavispodcasts.com) rather than using liner notes or taking the so called party line. As it pertains to foreign policy, I have said many times, it’s going to take independent and thoughtful congressmen, senators, presidents, career diplomats, defense and foreign policy experts to develop a new foreign policy for the United States. The old plug-and-play approach to foreign policy, or the best of the 70’s, 80’s and 90’s strategies isn’t going to work in a multi-polar world. Military commitments have to be considered in the light of what the knock-on effects of those interventions might mean, something our government really didn’t do very well when the US invaded Iraq and Afghanistan. Some might argue, this is the root of what ruined the GOP’s chance to succeed George W Bush, or to limit Barack Obama to one term. In the aftermath of the Ron Paul revolution in republican politics, as well as wars in Iraq and Afghanistan, the development of ISIS, the Arab Spring, Syria, emerging economies, China and Russia, we need a new approach to defense and foreign policy. The problem is, as I have said, foreign policy doesn’t come out of a can. In this podcast, we ride in the parade with Jason Lewis supporters, who commandeered Mobile Podcast Command’s PA System (I didn’t care, I wanted to ride in the parade anyway, and this doesn’t constitute an endorsement. Jason is a friend of mine, and I think he’s great, but you go ahead and vote for anyone you want!) so you can hear a campaign in progress, and then we’re joined by Jason to talk about the campaign, the Primary Challenge on August 9th, focusing on trade and the economic challenges for everyday Americans, on a brilliantly sunny afternoon in July, in Lakeville Minnesota. Enjoy riding in a parade in Podcast 523-Jason Lewis. Sponsored by Ryan Plumbing and Heating of Saint Paul and Karow Contracting, Storm Damage Specialists.

Podcast 378

Mercury Retrograde. Astrologists say when Mercury goes ‘retrograde’ it wreaks havoc with mechanical and electronic equipment, makes communications difficult and puts teeth in Murphy’s Law. In this case ‘retrograde’ means to go backwards. Now, Mercury does not go backwards; its orbit around our sun does not change one iota, but it supposedly ‘appears’ to be moving backward in the sky. What does a mercury retrograde do to a fifteen year old ambulance, repurposed as a mobile podcast studio, traveling across the country? Listen to this podcast and find out. From Illinois to Indiana, visiting an old friend, with ambitious plans to install Ham and CB radio communications, and WIFI Antenna. Attempting to this, we encountered nothing but problems. Oddly enough, Mercury Retrogrades are supposed to be good for making plans and catching up with old friends, finding good deals, and resting up. While most women seem to have a hundred ‘best friends’, men pretty much have two, or one. It’s great to hang out with someone who has known you since you were a kid; someone you haven’t talked to in decades, but you pick up right where you left off. Lest some readers decry all this reliance on astrology, there doesn’t seem to be much difference between the hokum of the stars and the hokum of today’s economists, who despite accolades, fur hats, and purple capes, can’t seem to figure out whether the US economy is growing, not growing, or contracting. Even worse, every ‘news’ story you read on the subject seems to repeat one fairy tale or outright lie, over and over again. Don’t worry though, no one’s looking at economic stories, they’re too busy counting the Republican candidates for President and getting lost in the details of a presidential campaign that has come too early, and too loudly for any civilized people. While the news media covers this political circus, the real political circus is about to pass a trade law — supported by the “Chambers of Italian Fascism” — Americans are forced to turn to Julian Assange and Wikileaks for the details, which suggest a far reaching agreement bigger than NAFTA with provisions that have little to do with free trade. How is your congressman voting? While the FBI circles over our cities in unmarked civilian planes, listening to our cell phone conversations, and Republican congress is also about to pass a ‘patch’ that will save Obama Care if key provisions are struck down by the US Supreme Court. Hey wait! Didn’t republicans run on repealing the ACA? Surprise! Sponsored by X Government Cars.  

Podcast 330

Kirk, Spock & Puppies. Updates to start the week on the big stories. First, Leonard Nimoy, the actor who played Mister Spock on the original “Star Trek” series, died this weekend. We could leave it at that, but apparently the actor who played Captain Kirk on the show, William Shatner is unable to attend Nimoy’s funeral because of other engagements. This has provoked outrage from chi-dults (Editor’s Note: Child-Adults, or Chi-Dults.) infuriated that Captain Kirk would not attend the funeral of his first officer. People! This was a TV show in the mid 1960’s! Captain Kirk and Mister Spock aren’t real. Frank Underwood is not the President of the United States. There really isn’t a beautiful woman, also known as ‘The Mother Of Dragons’ as seen in ‘Game of Thrones’. It’s shocking, but it’s time someone finally told you the truth. These are actually TV shows. Dramatic portrayals of stories, made for distribution over your television! Imagine! Meanwhile, in the real world Christians are being kidnapped by the hundreds for presumed execution by beheading or some other horrible fate, at the hands of terror armies in the Middle East. And the top story? A puppy that, regrettably, was lit on fire and left for dead in a dumpster on the Red Lake Reservation in Northern Minnesota. If it bleeds it leads, and the Puppy Dog’s fate leads! The dog is recovering and will require several skin grafts. A five thousand dollar reward is offered for the identity of his tormenter. Perhaps visiting Israeli Prime Minister Netanyahu will be happy to take the back seat to Captain Kirk and Mister Spock, and the puppy dog. Netanyahu will speak to a joint US Congress presumably to urge President Obama not to make nuclear deal with Iran. President Obama is furious at Congress for inviting Netanyahu and the Prime Minister for accepting, and will not be watching. As far the Islamic State is concerned, remember that big Iraq army offensive to retake Mosul from the IS? Postponed again. We’ll tell you why in this podcast. And US Economic Growth in the 4th quarter of 2014 has been revised townward from 2.5 percent to 2.2 percent, suggesting the US economy has a long way to go before the boom the President and some cheerleading financial reporters seem to think is happening, actually happens. By the way, where’s the ‘cheap gas acting like a tax-cut’ effect? Experts say next quarter. Yeah. Sure. Foreign Policy and Economics are sure to be major issues in the 2016 Presidential race. Minnesota is projecting a budget surplus and some podcast subscribers want to know what will happen with the surplus. Let’s put it this way; Don’t expect a rebate. And, if you thought the job of an Air Marshall was boring, listen to this podcast. Sponsored by X Government Cars