Recession-Warning-Media-Confusion-Bob Davis Podcast 855

What Is All This Talk About Recession

These days it’s hard to tell who to believe. In many ways it’s the best economy ever. The best time to look for a job. An unprecedented economic boom. Why is everyone suddenly talking about a recession. Learn more in Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Not Making Predictions

First of all I am not here to tell you the economy is in the tank, or that it is booming.

Recession! Depression! Do I have Your Attention Now?

Truth is if you put the words recession, bust, or depression in an article you’re going to get people’s attention. In addition it doesn’t hurt to have a couple of historic drops in the stock market.

Now that I have your attention…Listen to Recession-Warning-Media-Confusion-Bob Davis Podcast 855.

Market Drops and Yield Curves Mean New Media Story Lines

It doesn’t matter if the markets recover from those drops.

What matters is now the media has a story line that predicts doom and destruction.

Fool’s Errand

Especially relevant is a lesson I learned a long time ago. It doesn’t matter how well informed a commentator might be. Making predictions about a force of nature like the world’s largest economy, is a fool’s errand.

Shallow Expansion, Debt and Slowing Growth

Even more, it is true our economy is growing and we are enjoying the longest economic expansion in memory. It’s also true it’s a shallow expansion and that growth just above the inflation line, isn’t really booming. Moreover, the expansion is getting pretty long in the tooth, as the say.

There Is A Season

In contrast like the seasons, economies operate on a cycle. Truth is anyone who predicts a recession will ultimately be right. Just like fall into winter recessions have a purpose. Economic contractions kill off the weak plants and animals and insects so the strong and grow again in the spring.

So when the yield curve inverts and the market drops it is certainly worth paying attention.

Seems like we’re missing something though. While the politicians and talking heads trade insults about who’s predictions are right, what are we thinking about?

Election Year Economics

In conclusion what plans to we the people have for the future economy of the United States. I sat down to do a podcast on the yield curve, claims about unemployment and recession predictions. I ended up with an essay on the pitfalls of talking economy in an election year, the ballyhoo on the current economy when the real questions aren’t even being asked. Let alone answered.

It’s 1950 In America…Coal Mines and Manufacturing, right?

Where are we going? What are we trying to accomplish? What kind of economy do we expect in the future. Is it really manufacturing jobs in Ohio and Coal Mines in West Virginia?

Sponsored by Ryan Plumbing and Heating of Saint Paul and Reliafund Payment Processors

Recession-Warning-Media-Confusion-Bob Davis Podcast 855

 

Early-Election-Advisory-2020-Bob Davis Podcast 836

A Year Away And It’s Already Started

The 2020 election is more than a year away. Time and distance doesn’t stop the predictions about who’s running. Even more, who’s going to win. Time to come back to Earth in Early-Election-Advisory-2020-Bob Davis Podcast 836.

Sorry State Of Politics

One of the themes of my podcasts is the sorry state of politics in the United States. First of all our politics these days are driven completely by media. Social media. Cable News Channels. YouTube. Podcasting. All partisan. Usually owned by rich political operators.

Don’t Trust Everything You Read

Moreover it’s all about persuasion. Nothing we see or hear can be trusted.

Confirmation Bias

Tell us what they want to hear.

Make us feel good about it.

What I Won’t Do

Due to advocacy media, seems like the best thing I can do is tell you what I won’t do when it comes to coverage of election 2020. This kind of coverage is a great opportunity for independent voices.

Manipulation Is The Media’s Business

Certainly all the commentators and talking heads are busy convincing us of a point of view. Predicting the future, making assumptions on rumor and innuendo are the tools they use to manipulate viewers. Learn more in Early-Election-Advisory-2020-Bob Davis Podcast 836.

The Borg

Meanwhile local, state and the federal government take in huge sums of money and we don’t seem to have any control over how it’s spent. Consequently more of us feel government is the Borg. We can’t understand it, much less control it. And increasingly we don’t like this feeling.

No Predictions

Therefore with over 25 candidates for the presidency the best service I can provide is to steadfastly avoid predictions and identify my own biases.

Can’t Stand Any of Them

Finally, that doesn’t mean I can’t appreciate political skill. campaign wins and losses, political brinkmanship or propaganda. I just refuse to jump in on one side or another. I also refuse to predict the future and predict outcomes. Especially outcomes based on polls.

See It For What It Is

In conclusion, I have found the best way to learn what “The American People” might be thinking, is travel and actually covering these political events.

Sponsored by Reliafund Payment Processors and WhiteTail Builders of Andover Minnesota

Early-Election-Advisory-2020-Bob Davis Podcast 836

 

 

Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833

There Goes Your Tax Cut

How’s the price of gas these days? How’s the price of diesel? We pay nearly 3 dollars a gallon or more at the pump. Especially for diesel. Republicans always talk about lower taxes. Not Trump. The president wants at least a 15 cent per gallon increase in the federal gas tax. Find out why in Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833.

What The Lord Giveth, He Taketh Away

Most noteworthy is the existing 18 cent federal tax on gas and almost 25 cents a gallon for diesel. Even more, most state lawmakers want increases in their state gas taxes.

Drunken Sailors Fighting on The Dance Floor

Sure they take in a lot of money in Washington and the state capitol. In contrast states and the federal government actually spend piles of money. Not to mention your local town or city. For information about that, click here.

Bonding Bonding Bonding

I live in Minnesota. They’re not supposed to, but here politicians throw in bonding packages in just about every legislative session.

You Can’t Get There From Anywhere During ‘Construction Season’

The result? Bonding on bonding. Some projects fully funded, haven’t even been started. Even more, there’s so much construction people are tearing their hair out trying to get to work.

Gas Taxes – Not Just For Highways Anymore

Stadiums. Light Rail. Train Stations. Bus Lanes. Bike Trails. Subsidized bike rentals. Running paths. Signs. Talking Traffic Lights. Roundabouts. Federally compliant intersections and curbs. Sometimes projects finished a couple of years ago are torn up and redone. Notice there are no highways or roads in that list. We still need more money for all those highway projects too. Add Trump’s airports and bridges and it means tax increases. Corporations aren’t going to pay for it.

Five Floors of 1800 Dollar A Month Rentals and a Starbucks On Every Corner

Moreover subsidies for ‘affordable’ housing projects which are really five story condos and 1800 dollar a month rentals with a Starbucks on the ground floor everywhere. Funding for these projects are cobbled together from Federal Transit Authority money.

Thanks Taxpayers!

That is, your money. Learn more in Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833.

Republicans Love Lower Taxes, More Spending and Ballooning Deficits

Finally, as republicans ballyhoo their 2017 tax cut and campaign on lower taxes, they keep spending. In Minnesota they passed a five hundred million dollar bonding bill and a 48 billion dollar budget last week and they think they did a great job. This year the federal budget is 4.4 trillion. That’s a trillion more than Barack Obama’s average. The US Budget Deficit this year will be more than a trillion dollars. Our total debt is estimated at 22 trillion.

Buddy Can You Spare 67 Thousand Dollars?

The raw dollar amounts these governments take in will make you sick. Especially relevant is the fact that every American is on the hook for 67 thousand dollars in federal debt alone, and counting. Because despite the revenue, they keep spending more and more, whether they have a D or an R in front of their name. Sooner or later the piper has to be paid. Spending, whether it comes from tax collections or bonds, always ends up as a tax.

The Man Who Lost Billions Wants You To Pay For … Another New Airport

And here comes the man who built skyscrapers and lost billions doing it, Donald Trump. He wants to put his name on airports, subways and bridges we don’t need, and make us pay for it.

What would Ben Franklin say to the woman about our government today?

“It’s a Hypo-cracy Madam. If you can keep it”.

Why would you want to?

Sponsored by John D Scott of JDS Injury Law and Ryan Plumbing and Heating of Saint Paul

Gas-Taxes-Republican-Hypocrisy-Bob Davis Podcast 833