Podcast 284

Polar Vortex 2015. Perhaps we should start off by saying, “Previously on Polar Vortex”. It happens just about every year around this time in the Upper Midwest. It gets real cold. We call it winter. A few weeks of below zero temperatures with little relief. It’s been colder. Where are the cavalcade of ‘economists’ (astrologists) predicting the inevitably dour economic effects of the ‘polar vortex’? Surprise! Now that a Republican majority is about to take office ‘economic experts’ are optimistic! Touting 5 percent GDP growth, lackluster employment statistics and a host of other debatable ‘facts’, some formerly doom and gloom analysts are finding  rose colored glasses not used since the Bush administration. As a new Congress is about to be sworn in, scolds to tell Republicans, “It’s time to govern”! Isn’t ‘governing’ something both parties and all branches of government engage in? Not just a majority and not just one branch of the government? Freedom Works has declared Speaker Boehner ‘must go’, and thus the factional battles in the new Congress begin. Freedom Works instructs you to write, call or email your congressman and demand the speaker be retired! (Editor’s Note: A waste of time, since interns answer the phones, review emails and open letters, even writing replies. If you want to get your congressman to pay attention to you, you have to control votes or money, and preferably both. If you want to write, call or email, go right ahead, but don’t fool yourself. Until you’re organized, you’re nothing to them.) Next we have the ‘Restore America’ crowd. ‘Restore’ in this case means turning back the hands of time to 1950, everywhere in America. Uh…no thanks, there were no smart phones. Want to bet this will be Jeb Bush’s campaign slogan in 2016? What America needs isn’t ‘restoration’, but new ideas that meet the challenges of new technology and a world that doesn’t look anything like 1950. Now there is one place in the world where it is, in fact, still 1950. North Korea. Here’s a question; What if the Sony Hack wasn’t the work of North Korea’s ‘army’ of hackers? The FBI’s contention – and the President’s – is under fire from tech security companies. If it wasn’t the North Koreans and the President ordered a retaliation, this could be the first major Obama Screw Up of 2015. Stay tuned. Back home in the land of ten thousand lakes, and taxes, Minnesotans should prepare themselves for a gas tax increase. Democratic Governor Dayton has decided that while cheap gas acts ‘like a tax cut’, it just isn’t expensive enough for the dancing peasants, so we need an increase in the gas tax. Or something like that. Minnesotans need new trains, and bike trails and bridges are falling down, right? Not really, but it works every time. Meanwhile, Kurt Daudt, Republican Speaker of The House says there will be “give and take” this session. Sigh. And a final parting shot at ‘morning people’ and their arrogance. Nocturnal People Rule! Sponsored by X Government Cars, and Depotstar.  

Podcast: Play in new window | Download (Duration: 37:06 — ) | Embed

Subscribe: Apple Podcasts | RSS

Podcast 255

Immigration Reform. (Midweek update, a little late due to a long podcast with Andrew Richter and Jason Bradley. The point of podcast 254 is that you can stop unelected regional boards from encroaching on your town. While critics of organization say you have to have candidates who inspire people to get involved first, where will the candidates come from? Local politics is one of those areas were individuals can have a huge impact. Thanks again to Community Solutions MN for joining the Bob Davis Podcasts.) President Obama prepares to issue executive orders granting amnesty to some three million illegal immigrants across the US, igniting a political fire storm. The President wants Republicans to pass the Senate Immigration ‘Reform’ bill, which has been languishing since last year, Republicans don’t want to pass it. So, the President will issue orders that accomplishes the same thing. Sort of. The idea of using executive orders to ‘legislate’ from the White House is controversial; one of the oldest constitutional arguments in the Republic. Courts have supported Presidents who use executive orders in an ’emergency’, but that doesn’t make them any less controversial and politically provocative. George W. Bush got into hot water with detentions , surveillance and ‘Gitmo’. Obama questioned how far he could go on immigration as late as last year, suggesting to supporters in the Latino Community that he could only use executive power related to existing legislation. Now he appears to have changed his mind. Since the President and now minority Democrat leadership in the House and Senate are moving to the left, expect more executive orders designed to ignite debate and draw attention to their issues, and their agenda in preparation for 2016. Don’t expect President Obama’s actions to be designed to help Hillary Clinton. Rather, it might be suggested the President, Harry Reid and Nancy Pelosi are moving to the left, to lay the groundwork for an Elizabeth Warren presidential run. Deflation is now the number one financial news story after being featured on the Bob Davis Podcasts last month and earlier in November, 2014. With Japan in recession, Europe on the brink and China in trouble, central bank stimulation and big government public works projects are not working. The solution? More central bank intervention and public works projects! Really? Meanwhile, depending on what fourth quarter US economic numbers show, get ready for sandbagging. Already defenders of more public works projects and cotton candy from the central banks are pointing to ‘cold weather’ as the reason for potentially (hasn’t happened yet, but just in case) negative economic numbers. We have had earthquakes, hurricanes, hot summers and cold winters during economic boom times as well, but suddenly ‘the cold’ (which has lasted two weeks) is causing an economic slow down? Keep in mind as late as a week ago the media was telling us the reduction in oil and eventually gas prices would act as a boon to the US economy. What happened to that line of reasoning? “Cheaper gas acts like a tax cut” they say. Really? Bottom line is, Keynesian economic policies don’t work. One thing cheaper gas means, according to Bloomberg.com, is people will be flooding onto the nation’s highways for the Thanksgiving Holiday. A whopping .1 percent increase as compared to air travel this year. The Bob Davis Podcasts will be out on the road to report on this story. If you plan on driving to this year’s Thanksgiving feast at the relatives, Podcast 255 has some suggestions on how to avoid the traffic. Sponsored by Baklund R&D.

Podcast: Play in new window | Download (Duration: 32:04 — ) | Embed

Subscribe: Apple Podcasts | RSS

Podcast 250

Election Aftermath. How did the mainstream media do in covering election 2014? What are the primary issues for voters. What happens now? It was announced recently that the Weather Channel Morning Show beat Cable News Networks CNN and MSNBC, hands down, during an election year. Fox News regularly ‘crushes’ rival CNN, and the lesser MSNBC. Broadcast networks covered the midyear elections in 2014, in an effort to compete with cable news services. Based on the reviews from viewers and ‘observers’ of the business and coverage on election night, none of them did a very good job. There was more coverage than ever, but the networks now place political operatives and ‘ideologues’ next to journalists, blurring the lines between opinion and fact. Add to this the increasing need for news networks to employ whatever means necessary to ‘predict’ the outcome of political races. Statistics and polls are never accurate; The only question is whether sample sizes and calculations are reliable. Ideologues may try, but they cannot ‘predict’ the future with a percentage, like a weatherman predicting the chance of rain at 12 noon. The media now blames the polls. One political science professor wants an ‘investigation’ of the ‘the polls’. The polls showed tight races, and while there were a few surprises, results were generally within the margin of error, which for some polls was a perfectly respectable plus or minus 4 points. You could certainly predict the Republican Party would have an historic election, but you couldn’t make that prediction based on polling data. Now, we’re told the polls were biased in favor of Republicans. In 2012, it was the other way around. The problem isn’t the polls, it’s the media’s incessant and unreasonable need to predict, cajole, call races and set the tone. People are getting sick of it, especially when social media, and the Internet provide real time election results without commentary. Who needs CNN, MSNBC and Fox News, and talk radio — all of which will take half an hour to tell you what you can determine in 5 minutes looking at a website that runs all the results as the polls close? What happened in 2014? What emerges from exit polls is a blurry black and white; You can sense shades but not color. You can see form, but you can’t make out anything specific. People are concerned about the Economy, the roll out of ACA and leadership questions concerning the handling of ISIS and Syria, and lastly, Ebola. Is it partisan to suggest the Democratic agenda and campaign tactics focused on issues at the bottom of the list for most voters? Minnesotans wonder why the Minnesota GOP and virtually all the statewide candidates lost a once in a lifetime opportunity to turn out the votes and unseat a democrat governor, and Senator Al Franken, while neighboring Wisconsin Governor Scott Walker seemed to be able to turn out his supporters to win. Is the President still relevant? Will the Republicans come up with an agenda that shows what they’re for, rather than what they’re against? All this in Podcast 250, while shoveling snow! (Editors Note: And maybe a train too!) Sponsored by Baklund R&D. 

Podcast: Play in new window | Download (Duration: 31:00 — ) | Embed

Subscribe: Apple Podcasts | RSS