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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Has United States Been Socialist For A Long Time? Podcast 625

Has United States Been Socialist For A Long Time? Podcast 625

We hear a lot of words used to describe various political factions in the US. Most will say the US economic system is capitalist but is this just an illusion? Are we socialist? Have we been socialist for a long time? It seems to me, we have. In Has United States Been Socialist For A Long Time? Podcast 625.

Socialism Is Everywhere

Just because a country’s economic system is socialist, does not mean it’s a tyranny. Denmark and Canada aren’t dictatorships. Singapore is a Socialist Market Economy. Places where ‘the people’ own or control the means of production. Most socialist countries these days enjoy democratic political systems.

Government and Non Profits Dominate State Economies

Americans think of themselves as capitalists. The thing is, the top three employers in my state are public institutions. Americans depend on social security, medicare, or medicaid ‘entitlements’. Home buyers get tax subsidies. We enjoy many tax deferred investment options. Farmers get subsidies. Public workers get pensions. All kinds of grants for education exist. Then there are the business subsidies and government contracts. Some popular business personalities receive billions in subsidies from the government. We’ll talk about it in Has United States Been Socialist For A Long Time? Podcast 625.

Both Parties Support Socialism

Democrats complain about light rail projects running through their backyards, but support government programs because ‘It’s the right thing to do’. Republicans complain about big government unless it’s the military, support for their businesses, home mortgage tax credit, social security and 401K programs.

The Right Thing To Do

It’s true that many of these programs date back to the depression in the 1930’s. Also true that creation of these programs came with the best intentions. Whether we like it or not, government is deeply involved in our lives. Of course, what the government giveth, the government takeaway. We’ll talk about it in Has United States Been Socialist For A Long Time? Podcast 625.

Classic Liberalism Is Forgotten

Republicans and Democrats argue the same side of the coin. Both are collectivists. Neither adhere to Classic Liberalism, a philosophy of limited government with the sole purpose of securing a maximum amount of individual liberty, property rights and free markets. While no political scientist would argue the US is Socialist maybe we should consider the possibility we are and have been for some time.

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Has United States Been Socialist For A Long Time? Podcast 625

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Road Trip Summer Travel Adventure In US-Podcast 624

Road Trip Summer Travel Adventure In US-Podcast 624

Summer is coming. Peak Road Trip season in the United States. In Road Trip Summer Travel Adventure In US-Podcast 624 we consider some road trip ideas, past and future.

Do You Travel Well?

Travel requires a bit of zen. A ‘let it come’ attitude. Excitable, exacting and difficult people don’t always travel well. There will be delays, bad food, wrong turns and unmet objectives. Those moments are usually when the magic happens. If you can let it happen. You want an objective, but you don’t want to over plan.

Weekend Road Trip or Mega Road Trip?

My preference is for the mega trip. Across the northern United States, down the Pacific Coast Highway to Los Angeles. Down through the mid south all the way around Florida, along the gulf coast, back up through Texas, Oklahoma, Missouri, and Iowa to Minnesota. On those long trips you feel like you’re sailing. You forget what ‘home’ is, and let go.

So Much To See

Truth is, there are so many places to see within a day’s reach. All too often those of us who prefer the mega road trip forget the gems just around the corner. State Parks, small towns, little bits of forgotten history.

In The Blood

Most people I know who love long road trips have it in their blood. They remember warming up the wagon in the cold light of dawn in Illinois, or Massachusetts for the big escape to warmer Floria around Christmas time. Rock City, brand new freeways, Stuckey‘s, Travel-all and Howard Johnson’s.

What Is It About Road Trips?

You don’t need much money. Camping or staying in cheap motels. Alone or with friends or family. You see. Pass through. Learn. Butte, Montana. Duluth, Minnesota. Lincoln City, Oregon. Bizbee, Arizona. Mountains. Beaches. Deserted highways in the middle of the night. Everyone who travels comes back with great stories and memories. There’s no right or wrong. No arguing about whether Rapid City is better than Great Falls.

Enjoy

In Road Trip Summer Travel Adventure In US-Podcast 624, just some thought starters for your next trip. Whether you’re pulling a vintage trailer, driving a brand new SUV, rolling in style in some kind of massive motor home or sporting the ten year old Subaru, there’s nothing like the call of the open road.

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Road Trip Summer Travel Adventure In US-Podcast 624

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