Market Goes Down Blame The Media-Podcast 631

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

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The Strange Case of Susan Rice and Other Mysteries-Podcast 619

The Strange Case of Susan Rice and Other Mysteries-Podcast 619

Different Mysteries Left and Right

Susan Rice is the leaker. A political Flack. Running an operation to discredit the new president before he took office. Rice is at least guilty of a felony. At least that’s the story the right wing commentators are telling. In The Strange Case of Susan Rice and Other Mysteries-Podcast 619.

On the left it’s a different story. National security became a top concern after someone hacked the DNC computers. The Russians did it. The Russians did it because Trump did some kind of back room deal.

Opinion Is Not News

In America’s increasingly partisan media most people only want their beliefs confirmed. There’s no chance a political point of view different from my own can be right. Is there? A sea of information. Where opinion masquerades as fact and personalities beat the drums. We’re supposed to dance to their rhythm.

We Know Nothing…yet

Real Facts? In The Strange Case of Susan Rice and Other Mysteries-Podcast 619 we’ll see there are few facts. Russians hacking the DNC? Not so fast. Trump making deals behind the scenes with Putin? Obama ordering illegal surveillance of a president elect? Maybe. Maybe not.

Tin Foil Hats Anyone?

Evidence supporting claims of the right and left in this case is thin. All of it has the classic elements of conspiracy theory. So we’ll take a moment in The Strange Case of Susan Rice and Other Mysteries-Podcast 619 to detail the known facts. You can draw your own conclusions. Mystery lovers beware though. We’re along way from wrapping this one up in the final chapter.

Basic Framework

Is Susan Rice a political operative? What is the legal framework regarding National Security Agency intercepts. Why did the Trump administration leak NSA documents to a congressmen? What provoked the president to tweet he was ‘wiretapped’ in the first place? Is there a difference between a wiretap and an NSA intercept? Who gets to see intercepts? What are the significant legal justifications for executive orders in 2011 and 2017 allowing sharing in the first place. Lots of questions.

Where There’s Smoke

One thing is true. The dust kicked up by the Susan Rice story obscures real developments. North Korean Missiles. Syrian chemical weapons. Congressional action on the ACA, Tax Reform and Immigration. We’ll talk about it in The Strange Case of Susan Rice and Other Mysteries-Podcast 619.

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Draining The Swamp Harder Than Originally Thought-Podcast 617

Draining The Swamp Harder Than Originally Thought-Podcast 617

When You’re Up To Your Ass In Alligators It’s Hard To Remember Your Original Objective Was To Drain The Swamp. The president has turned Freedom Caucus supporters into enemies. Republicans learn governing without principle is tough. In Draining The Swamp Harder Than Originally Thought-Podcast 617.

Republican Division Caused By The Left?

If you want to know the truth, so the saying goes, don’t have an opinion. Some republicans believe their division is caused by the political left.  What’s dividing republicans is a lack of adherence to principle.

Drinking From A Poisoned Well

One of the lines from the “Rime Of The Ancient Mariner” is, “Water Water, everywhere, nor any drop to drink”. The republican ship sits in a becalmed salt water sea, unable to drink, dying of thirst. Surrounded by a sea of information. Dying from a lack of wisdom. Talk about it in Draining The Swamp Harder Than Originally Thought-Podcast 617.

Details Details

North Korea? Budgets? Policy? Subsides? Federal Agencies and what they do? Foreign Relations? Whatever. Drain the swamp and call me when it’s over.

Goals and Principles

What is the goal of the modern republican party? Populism? I’ll tell you why the media’s term for republicans these says is more poison. What are the principles of the GOP these days? Why did you vote? Was there a reason behind why you got involved in politics in the first place?

House Divided

A political party that follows too many threads and calls them ‘principles’ is a party that can easily be divided. Churchill saved the west with one idea in mind. Never Give Up.

Controlling Means of Production

It seems like America is living in a socialist construct. Republicans and Democrats have consistently voted for community control through direct ownership or regulation of the means of production. Yes, Republicans and Democrats have built and empowered the surveillance state, conducted the wars, added regulations, let out the contracts.

Dependency

These days, dependence on the state isn’t just for the urban poor. Corporations and individuals are widely dependent on the government for all kinds of payments, contracts, subsidies and opportunities.

Freedom Isn’t Free

Freedom is a radical idea. We have less and less of it these days. If you want a party that promotes freedom more is required of you than repeating slogans and wearing hats. Freedom asks more than supporting a personality. Join me in Draining The Swamp Harder Than Originally Thought-Podcast 617.

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