Booming US Economy-Reality Check-Bob Davis Podcast 811

Booming US Economy-Reality Check-Bob Davis Podcast 811

These days Trump cultists love to talk about the booming economy. Time for a reality check. Learn more in Booming US Economy-Reality Check-Bob Davis Podcast 811.

Under 3 Percent

Especially relevant are Gross Domestic Product numbers from the 4th quarter of 2018. The average for the whole year is predicted to be under three percent.

Cherry Picking Numbers

Boosters like to cherry pick statistics. I like good old Gross Domestic Product numbers. They are released at the end of every quarter. GDP performance for each fiscal year is pretty hard to ignore. Especially when people say this president has ‘fixed’ the economy and worked miracles.

Just Because You Do Well Doesn’t Mean The Economy Is Doing Well

Moreover if I’ve heard it once I have heard it a thousand times. Saying your business is doing well does not mean the economy as a whole is doing any better than it has. The latest retail performance is a good example. This distinction is important only because the president wants us to believe he “blows Ronald Reagan Away”.

Objective Legislative Achievements On Economy

In Booming US Economy-Reality Check-Bob Davis Podcast 811 I objectively list President Trump’s few legislative achievements when it comes to the economy as well as his executive orders concerning the economy.

Hardly A Boom

In 2017 the US Economy grew by 2.2 percent. First quarter of 2018 was 2.2 percent. Second quarter 4.2 percent. Third quarter 3.4 percent. Fourth quarter 2.6 percent. Hardly a boom.

Not Even As Good As Obama

In contrast, President Obama’s best year was 2015, at 2.9 percent. Obama also presided over one quarter of growth of 5.1 percent, followed by another quarter of 4.9 percent growth. Better than Trump’s best two quarters so far.

Actual GDP Numbers

First of all growth is growth and we’ll take it. However, because of republican claims of great economic success, it’s time for a reality check based on actual GDP numbers.

And Obama Wasn’t That Good Either

At issue are claims by the president and his supporters he has done a fantastic job. Truth is so far his numbers are still about the same as Obama’s, which weren’t very good either.

We Pale In Contrast To The Early 80’s, Mid and Early 1960’s and 1950’s

Even more, all the numbers in our time pale in contrast to performance above 7 percent in the 80’s, high six percent in the 60’s and above 8 percent in the 1950’s.

Contrast our time with the 1980’s, 1960’s, or 1950’s.

What we’re living through is not a boom.

Republican Doesn’t Mean Conservative Anymore

Finally a republican in the White House does not guarantee ‘conservative’ economic management. Pushing for a weak dollar. Borrowing to stimulate. Trade Protection. Adding trillions to the national debt. More debt and deficit spending for ‘infrastructure‘ don’t seem like ‘republican‘ ideas.

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Booming US Economy-Reality Check-Bob Davis Podcast 811

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State Of Our End Times-Bob Davis Podcast 804

State Of Our End Times-Bob Davis Podcast 804

An embattled governor. Infighting in Washington. Raging arguments about identity. It sure looks to me like the wheels are coming off the bus these days. Learn more in State Of Our End Times-Bob Davis Podcast 804.

Politicians Off The Rail

As our so called public officials go off the rails our expectations that ‘government’ will solve all our problems increase.

Over Hype and Talked To Death

It’s especially relevant that the media breathlessly awaits a formality called The State Of The Union, like it’s the SuperBowl. Everything is Over hyped. Over analyzed. Talked to death. It’s surreal.

“Officials” Running Amok

Moreover as these politicians run amok they get more petty every day. As a result we’re not dealing with the most pressing issues of our time. A rising China. Artificial Intelligence, Robotics, Data Privacy and The Internet. Causes, solutions and political effects of Economic Inequality. Existential threats from many different places.

What About Doing Some Work. Anyone?

In addition, what about trade wars, economic growth, debt, immigration and the growth of regional and major powers acting in our hemisphere. Anyone?

Daily Two Minutes Of Hate

Finally our daily two minutes hate leads our focus on smaller and smaller things. Leaders don’t lead. Everything becomes an illusion. Meanwhile somewhere someone or something is permanently damaged.

Emotional Scarring

In conclusion have we become so scarred from our anger and frustration we find it more difficult to act? Anger and Irritation turns to depression.

End Times Prophecy?

Are we living out a prophecy? What happens when there is a real crisis because of all this folly?

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State Of Our End Times-Bob Davis Podcast 804

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Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797

Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797

First of all they say an eclipse brings change. Do you think we need change or have we had enough? Learn more in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

Shouting Across the Aisle

These days all you hear about is the latest insult. What one is doing to the other. What the other said about the one. Meanwhile there are lessons to be learned from the longest ‘government shut down in history’, even if it is over by the time you listen to this podcast.

Feds Furloughed. What About The Rest Of The Country?

As federal workers head into their second pay period with no paycheck, certainly they have concerns about the future. What about the rest of the country?

US Federal Government. Too Big To Fail?

In contrast to the furloughed feds, the rest of us are learning just how important the federal government is to the overall US Economy. In my state the federal government is one of the top five employers. The same is true to varying degrees in most other states. Find out more in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

Fruits Of Government Not Labor

Consequently all the talking heads seem to be focused on the fruits of the government, and what happens when those fruits are taken away.

While the rest of the world bemoans the state of the federal employee, what about the impact of government spending? It’s all in Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797.

New Theory Spend, Borrow, Print

A new modern monetary theory everyone in Washington is taking about says it doesn’t matter how much we borrow and spend. Or tax. All we have to do is print more money. There’s no sunset to the wonderful things we can do for Americans and the rest of the world. Rome had the same idea.

We’re All Globalists Now

Furthermore younger demographics don’t have a problem with the supreme sovereignty of the state or spending. And there is a fair amount of support in younger demographics for globalism, despite Brexit and the Yellow Vest Protests.

Republicans want to borrow for things they want, and so do democrats!

Spending and Borrowing? Both Political Parties Are Bankrupt

When it comes to spending it doesn’t matter whether there is a R or a D in front of a name. For example, what’s the argument against borrow and spend when you spend and borrow?

Pass Me The Soma!

Finally one thing about an eclipse. We get to see just how fast things are moving. As the soma from our biggest satellite faded from the sky recently, one wonders how long it will be before the benefits of individual sovereignty and freedom fade also.

Out With The Old…

In conclusion, isn’t that what an eclipse is all about? Out with the old…In with the new. ( Editor’s Note: That fantastic picture of the blood moon Sunday, January 21st was taken by Mitch Rossow, of Mitch Rossow Photography, from his roof in Uptown Minneapolis.)

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Super-Blood-Wolf-Moon-Eclipse-Endgame USA-Podcast 797

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