Podcast 293

Wash Cycle. Updates for the new work week start with laundry in the Broadcast Bunker. You’ve probably been feeling pretty good lately, what with all the stories about how great Christmas Shopping was going and how cheap gas was like a tax cut, and how we’ve finally turned the corner on the economy, with the multitudes heading back to work, right? The toward the end of last week, someone punched the mute button on the celebration. Now, this won’t stop the President from taking credit for ‘booming’ economic growth in the United States in his State of The Union message, but new numbers temper the enthusiasm a little bit and may even explain why more than half of Americans aren’t so sure we’ve got the party started yet. As with almost every development related to President Obama and the economy, the compliant media continues to paper over mistakes, and grasp at green shoots in the economy. Unemployment is 5.6 percent! We’ve created over 250,000 jobs! What they don’t tell you is today’s 5.6 percent isn’t the same as when Bill Clinton was president, since there are 65 million some people who apparently are out of the work force permanently. Moreover wages, which have been rising slightly, are not rising fast enough, or high enough to sustain economic growth, say some analysts. At the end of last week, the compliant media was again surprised – stunned in fact – to see that retail sales actually contracted in December, a whopping .9 percent. Economists (astrologists) had predicted only a .1 percent drop. Remember when cheap gas was supposed to act like a tax cut? Gas stations got hit the hardest. Auto sales got hit. And, even though we ‘created’ two hundred fifty thousand plus jobs last month, there were 314,000 applications for unemployment, up 19,000 and the highest number in four months. Note to self; A tax cut is a permanent reduction in a tax rate, allowing people to plan for the long term future by investing, or purchasing big ticket items, or starting businesses. A reduction in a price is not a tax cut. Meanwhile the energy price and commodity price rout continues, and now banks in the oil patch, manufacturers like CAT, rail roads and energy states are taking the hit. Oh we’ll take the cheaper oil, but the media needs to stop crowing about how great a commodity price collapse is. It should be viewed as a danger sign, because the rest of the world economies apparently got the wrong flu shot. What’s wrong? No one is asking whether or not we should be stimulating supply, rather than demand. Are conservatives proposing dynamic, proven solutions? Finally, the IRS wants more money. They don’t have enough employees. Has anyone bothered to report how many employees the IRS actually has? You’d be surprised. Sponsored by Ryan Plumbing. 

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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.  

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Podcast 277

Christmas 2014! Live from the mall for the last few hours of Christmas shopping. Getting through the shortest days of the year in the Northern Hemisphere, celebrating the return of the light. This has been a weird holiday season, news wise. With the NYPD police/protester story, and the recent police involved shooting in the Saint Louis Metro, as well as the Sony Hack continuing story the News Watch Never Stops at the Bob Davis Podcasts. So, in a soft way, updating you for Christmas Day, 2014. As protests and police involved shootings continue to happen and people fire off uninformed and ignorant missives to each other on social media, this one may just have to run its course. On the Sony front, the FBI says North Korea did it. Does the FBI have enough evidence to say North Korea is responsible? There will be time to get back down in it, after Christmas. Aside from the lurid stories, the meatiest story this week has been the 3rd quarter economic numbers that have the media, and the President crowing ‘boom’. Is it? The new 5% GDP numbers are revisions, but the media doesn’t explain why US Economic numbers are revised at least three times, and then revised annually. Now the media is rolling every anecdotal experience into the numbers as ‘proof’ the ‘US is back!’. In this podcast, we’ll look a little deeper into those numbers to help you decide what they mean, and inform your decision on whether you think things are ‘booming’, economically speaking. Denver is experiencing an increase in its homeless population. The theory is, they are coming for legal pot. Watch out for the new advice on the ‘homeless’. When you see a street person you’re supposed to engage with them, in order to see them as human beings. This is a dangerous course of action, and really irresponsible, especially if you have small children with you. We all feel bad for those less fortunate, but some of them are dealing from a very challenged perspective, and you don’t know what they’ll do at any moment. Stay clear for your own safety. You’ve heard of the Obama Phone? Now they want to give people free broad band internet access. Yep. The Internet is a human right, which means the rest of us should pay for it, with additional charges on our phone bills, so people less fortunate can have free Internet. Finally, Miley Cyrus is banned from the Shriver/Kennedy Christmas Celebration in Massachusetts. Cyrus is dating Maria Shriver and Arnold Schwarzenegger’s son Patrick, and momma doesn’t like her. (Editor’s Note: Aside from the fact that Cyrus probably has more money than the Kennedy’s, and if she doesn’t she will, at least she works, and doesn’t just lay about lending her name to every left wing cause that comes down the pike. Miley, you’re better off!) Sponsored by Autonomous Cad. 

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