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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Podcast 605-Bannon's Fourth Turning

Podcast 605-Bannon’s Fourth Turning

Steve Bannon and The Fourth Turning

The President’s co chief of staff is obsessed with a book called The Fourth Turning. Podcast 605-Bannon’s Fourth Turning discusses reaction to the idea someone as powerful as Steve Bannon would formulate a political philosophy on a pop history/sociology best seller. The Fourth Turning co-author the late William Strauss was a playwright, theater director and lecturer. Co-author Neil Howe is a best selling author and consultant. Strauss and Howe coined the term ‘Millennial’. Both men described themselves as Amateur Historians. The Fourth Turning, Bannon’s apparent zeitgeist, was published in the early 1990’s. See a video of the two authors appearing on C-Span’s BookNotes here.

Chaos Dead Ahead

The book some say Steve Bannon has based his political philosophy on postulates every 80 years the United States is marked by crisis and chaos. Business Insider says Bannon believes the United States will soon reach our climax conflict and that Trump is in the White House to usher it in.

Is the United States in a Political Crisis?

Politicians tend to magnify the political challenges they face. Reporters play along. Divided since the beginning crises of one kind or another have been a way of life in the US. It’s very American to think of the government with distrust and apprehension. Especially when, as the saying goes, the legislature is in session. Are we in a political crisis?

Want To Know The Future?

Crisis will find the Trump administration. The response to crisis is what will determine it’s fate. Theories predicting ‘the’ crisis are questionable. Free Will is a gift to Human Beings. We think and act voluntarily. We can be the authors of our own stories. Controversy surrounding the Fourth Turning and Steve Bannon’s embrace of the theory encapsulates much of what is wrong with our politics. In Podcast 605-Bannon’s Fourth Turning I’ll tell you why.

One Day At A Time

Living one day at a time doesn’t mean avoiding passionate views. We do not remain passive and uninvolved but do the best we can with what we have. We will never know exactly what tomorrow may bring. Isn’t that the fun part of life?

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