Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

Another Trillion Dollars

This week the president’s budget deal adds a trillion dollars to the National Debt. These days it’s depressing when so called conservatives say, “Deficits Don’t Matter“. Learn more in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Trump Republicans Spending and More Debt

Above all, Trump’s spending is on pace with Obama first term red ink.

I’ll Pay Off The Deficit In Eight Years

Moreover campaigning in 2016, Trump said he’d pay off the deficit in just eight years. In those days the deficit was 20 trillion. It’s now almost 23 trillion.

Current Federal Debt Is Unsustainable? Bring It on!

As the president began his second year in office, the General Accounting Office released a report on the national debt. The current Federal Fiscal Situation is unsustainable, it said. More in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Republicans Addition To Debt Peaks In 2030

In fact, the GAO report showed US debt beginning to rise and peak in 2030, long after Trump has left the White House.

American Cities Are Broke Again

Over 70 US cities are in deep financial trouble. New York City is broke. Los Angeles isn’t far behind. Chicago is in a tailspin. I’ll explain it in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

The Amount of Spending And Debt Is Shocking

When it comes to cities, counties and states investigators have to use forensic accounting to find out what’s going on. Even in small towns and counties across the country those investigations are uncovering a shocking amount of spending and debt.

Bonding On Bonding

Even more, states use bonding bills to get around balancing budgets. Therefore creating more debt through bonding.

Corporate Debt Binge

US corporations are on a debt binge too. Corporate debt is skyrocketing. It’s now 45 percent of our GDP. Much higher than during the 2008 crisis and dotcom bubble.

Americans Saved The Economy In The 2nd Quarter With More Debt

In addition Americans are more indebted than they were before 2008. US Household debt is 13.3 trillion in the second quarter. Much of it auto loans. Certainly Americans don’t save enough.

Conservatives Say Don’t Worry

Republicans say debt doesn’t matter and democrats have a new monetary theory. There’s nothing to worry about. Right? The US can “print” as much money as it needs as long as it prints US dollars.

Politicians Handing Out Goodies

Goodies like free college, single payer health, a green new deal, a higher minimum wage and guaranteed full employment are just around the corner. Just simply print money.

[Editor’s Note: In this podcast I used a quote from President Trump saying that he said, “No politician has ever been thrown out of office for not spending money. In fact he is reported to have told Senator McConnell, “No politician has ever lost his job for SPENDING money.”)

Forget Rome, England, Spain, Germany, Venezuela and Zimbabwe.

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Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

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Toss Up House Elections 2018-Part 4-Podcast 756

Toss Up House Elections 2018-Part 4-Podcast 756

As I do the last two podcasts in the toss up series at the Bob Davis Podcasts, more predictions of a democrat wave are most notable. Are these predictions true? We’ll find out in Toss Up House Elections 2018-Part 4-Podcast 756.

Shellacking

In addition to commentators AP reported this week that republican pollsters are telling top republicans they’re in for a shellacking in November.

As a mission of the Bob Davis Podcasts I have been looking at those elections deemed ‘toss ups’ by the experts.

Conventional Wisdom Is Right Until Wrong

Especially relevant is the idea behind the mission. No predictions. Non partisan. What is the situation in these key districts in the final weeks of the election. Readers, subscribers and listeners might be surprised to learn very few public polls exist. Conventional wisdom drives most of these predictions. I detail this for each toss up in Toss Up House Elections 2018-Part 4-Podcast 756.

Close Elections Don’t Always Mean Flips

From North Carolina to Texas in Toss Up House Elections 2018-Part 4-Podcast 756. Toss up races are simply close elections for whatever reason. Moreover most US House elections are in solid democrat or republican districts. This year some say there are more than 40 districts that will be close. Why they’re close is key.

Open Seats And Changing Geography

In some cases the district is an open seat because of retirements. In other cases, the contours of the district’s geography have changed. What was once a solid republican or democrat district is now supposedly more ‘balanced’.

Everyone Hates Congress…

Finally the real question in the 2018 midterms is whether people will vote their opinions of the president or local concerns. The old saying goes, everyone hates congress but not their congressman.

One Size Fits All Election?

In conclusion I spent a fair amount of time not only looking through the data for these districts but also watching some of the internet and TV ads for candidates. Sometimes it’s hard to tell the republican from the democrat. This is not a one size fits all election even though the media would have its viewers believe it is.

Once I finish this series in this podcast, and the next, I’ll do one more podcast with my analysis since there isn’t much time for that in these podcasts dealing with individual districts.

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Toss Up House Elections 2018-Part 4-Podcast 756

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Doug Jones Beats Roy Moore-Trump-AlabamGOP Chaos-Podcast 685

Doug Jones Beats Roy Moore-Trump-Alabama-GOP Chaos-Podcast 685

Is the South suddenly turning blue? Democrats have handed the GOP a shocking defeat in the Alabama US Senate Race. Coverage in Doug Jones Beats Roy Moore-Trump-Alabama-GOP Chaos-Podcast 685.

A Stinging Defeat

What are the takeaways from this race? What about winners and losers? Where do the President and Republicans in the Senate go from here? Where does the President’s former chief strategist Steve Bannon go from here?

Comedy of Errors

This was a race that captured the whole country’s attention. First there was the botched appointment of Luther Strange to the Senate Seat held by Jeff Sessions by an embattled Governor. A controversial primary election followed. Especially relevant were salacious allegations of misconduct leveled against republican candidate Judge Roy Moore. We’ll talk about it in Doug Jones Beats Roy Moore-Trump-Alabama-GOP Chaos-Podcast 685.

Welcome To The Blue South?

This is the second state to elect a democrat in a state wide race this fall. With Virginia electing a democrat governor in November and now a Senator in Alabama in December republicans are suddenly concerned about a lot more than their majority in the US Senate. What about the 2018 races coming up?

The Tax Bill Suddenly Got More Expensive

Republicans have a thin majority in the Senate. With the democrats adding a seat and a few republicans soft on the President’s agenda, suddenly passing legislation like the Tax ‘Reform’ Bill, Confirmations and Treaty Votes will be a little more uphill. In 2018 you can be sure past histories of congressmen and senators and their relationships with women will be on the ballot. But there’s more.

Get That Old Religion

In Doug Jones Beats Roy Moore-Trump-Alabama-GOP Chaos-Podcast 685 we’ll talk about the failure of something called ‘Republican Populism‘ in Alabama. Truth is, many people have overlooked Roy Moore’s decidedly far right and ‘populist’ political ideas because of the allegations against him. While those allegations certainly had an effect, his politics couldn’t have helped.

Time For A Plan

Finally, do republicans have a plan for the future beyond, “We can’t let democrats win”. Is there a plan beyond barnstorming politicians who say whatever enters their mind and blame of the media? We’ll talk about it in Doug Jones Beats Roy Moore-Trump-Alabama-GOP Chaos-Podcast 685.

Trump Has To Take The Blame

The president, his former chief strategist and the republican party have suffered a stinging defeat. The idea was, go out and campaign for our guy because he is our guy and we can’t afford another ‘liberal’ democrat in the senate. Well, that is exactly what happened. President Trump has no one else to blame for this defeat, but himself.

(Editor’s Note: A late night meant I was a little fuzzy with my Senate numbers. With the GOP losing this seat they lose a vote in the Senate. Democrats gain one. So it’s GOP 51, DEM 49. Add two independents who caucus with democrats…and it’s 51 51. With a soft majority for the republicans – they don’t necessarily vote as a block – the future could be uphill for the President and Republicans.)

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Doug Jones Beats Roy Moore-Trump-Alabama-GOP Chaos-Podcast 685

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