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

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.

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

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Podcast 614-Trump and Republican Colossal Fail On ACA Repeal

Podcast 614-Trump and Republican Colossal Fail On ACA Repeal

In Podcast 614-Trump and Republican Colossal Fail On ACA Repeal, everything comes to an end. True in life. True in politics. Voters sent Republicans and Donald Trump to Washington in 2016. One of if not the most important issues was repealing Obama Care. On Friday, March 24th 2016 the president and the republican party made a colossal mistake and broke a major campaign promise to voters.

A Waterloo. A Donnybrook

An ill-conceived ‘repeal and replace’ bill never made it to the floor of the House for a vote. First the President blamed this donnybrook on the republican Freedom Caucus. Ultimately Trump blamed democrats. Blame anyone or anything. Never yourself. Now the president says he will court democrats. My reaction in Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

They’re not listening

The republican rank and file suddenly wonders what happened. Fed a steady stream of fairy tales from the right wing media they thought President Trump had one of the most effective and productive first 100 days in history. What happened? A new president who claimed the government should be run like a business was taught a very important lesson. The United States Federal government is most decidedly not a business. Find out why in Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

Rich Moderate Businessmen Rule

Members of Congress and the Senate have their own ideas about things. Members of Congress and the Senate do not work for the President. The president does not tell members what to do. Rather than lobby effectively, president bluster spent the days leading up to the vote blowing the horn of a semi tractor and bellowing to the press he was a team player. Except when he isn’t.

Is The GOP dying?

This podcaster made three predictions before the election. First, that New York Developer Donald Trump could win the presidency. Second, that an Obama Care repeal would not pass. Third, Trump would destroy the republican party. Two of those predictions have now come true. The third depends on what republican voters do now.

They’re Not Listening

Why don’t they do what we tell them, they cry. The fact is republican congressmen and senators cannot rely on any kind of support structure from the rank and file or grassroots republican rank and file. They don’t do what ‘you’ tell them to do because ‘you’ don’t do anything. A party founded on principle today has no principle and no rudder. What controls the republican party? Rich businessmen who support moderate religious republicans.

Suddenly Trump’s a Democrat?

Whether you’re talking about the US Congress or the ‘republican’ Minnesota legislature, you vote one way, and you get something completely different. Now you have a ‘republican-populist’ president ready to make common cause with the progressive democratic party because he’s miffed at the Freedom Caucus? Principle. There’s that nasty little word again. Let’s talk about it in Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

It’s A New Day When YOU Say

Find out what you need to do to actually make these politicians do what you want. It’s not pretty. It’s not fun saying it. The failure to repeal the ACA is a political mistake of titanic proportions. It will go down in history along side ‘Read My Lips’ and the Isolationist republicans before World War II. All things must pass. Maybe its time for a new day to dawn.

Time to look to ourselves rather than personalities. In Podcast 614-Trump and Republican Colossal Fail On ACA Repeal.

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