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

Podcast 523-Jason Lewis

Podcast 523-Jason Lewis. Join Mobile Podcast Command Unit 8 in the Pan-O-Prog parade in Lakeville, Minnesota. If you’re running for office, or working for someone running for office, regardless of party affiliation, you’re walking in parades, driving in parades, or handing out literature at parades all over your district, and you’ll be doing so until right around State Fair time in the land of ten thousand lakes. The Panorama of Progress parade in Lakeville dates back to 1967. Lakeville is in the heart of Minnesota’s 2nd Congressional District where a big political fight is brewing. It isn’t a fight between republicans and democrats, but a fight between republicans. Four candidates are vying for the seat being vacated by the retirement of Congressman John Kline. The trouble started before the CD2 Endorsing convention when Kline endorsed Darlene Miller instead of Jason Lewis. Some believe Kline’s problem stems from comments made by Jason Lewis on The Bob Davis Podcasts regarding Iran and US Foreign Policy. I would urge critics to actually listen to what Lewis said by searching ‘Jason Lewis’ in the search window on my website (thebobdavispodcasts.com) rather than using liner notes or taking the so called party line. As it pertains to foreign policy, I have said many times, it’s going to take independent and thoughtful congressmen, senators, presidents, career diplomats, defense and foreign policy experts to develop a new foreign policy for the United States. The old plug-and-play approach to foreign policy, or the best of the 70’s, 80’s and 90’s strategies isn’t going to work in a multi-polar world. Military commitments have to be considered in the light of what the knock-on effects of those interventions might mean, something our government really didn’t do very well when the US invaded Iraq and Afghanistan. Some might argue, this is the root of what ruined the GOP’s chance to succeed George W Bush, or to limit Barack Obama to one term. In the aftermath of the Ron Paul revolution in republican politics, as well as wars in Iraq and Afghanistan, the development of ISIS, the Arab Spring, Syria, emerging economies, China and Russia, we need a new approach to defense and foreign policy. The problem is, as I have said, foreign policy doesn’t come out of a can. In this podcast, we ride in the parade with Jason Lewis supporters, who commandeered Mobile Podcast Command’s PA System (I didn’t care, I wanted to ride in the parade anyway, and this doesn’t constitute an endorsement. Jason is a friend of mine, and I think he’s great, but you go ahead and vote for anyone you want!) so you can hear a campaign in progress, and then we’re joined by Jason to talk about the campaign, the Primary Challenge on August 9th, focusing on trade and the economic challenges for everyday Americans, on a brilliantly sunny afternoon in July, in Lakeville Minnesota. Enjoy riding in a parade in Podcast 523-Jason Lewis. Sponsored by Ryan Plumbing and Heating of Saint Paul and Karow Contracting, Storm Damage Specialists.

Podcast 522-BobDavis Podcasts Radio Show 34

Podcast 522-BobDavis Podcasts Radio Show 34. A tumultuous week ends in chaos and violence . Two officer involved shootings, and a sniper attack on police in Dallas, Texas which killed and wounded several officers. Further threats against police. People saying absurd and terrible things with no basis in fact, and that’s just the elected officials. News anchors, talk radio hosts, people on social media hurling accusations, name calling, explanations of what happened (especially by those who were not there), and terrible information on all these stories. A woman live streams an extraordinary event and the first reaction by FaceBook and some citizens is that people should not have the ability to live stream or post videos that might be considered ‘offensive’ or ‘controversial’? The original plan for the radio show this week was to condense Podcast 521 into three more palatable segments:  A segment focused on the decision by the FBI not to recommend indictment in the Hillary Clinton email scandal, which seems to have surprised only so called conservatives. One focused on how ill served we are by the media in general and a segment focused on a story no one is reporting; the financial situation internationally and the potential for a major breakdown due to the bad decisions that have been made by leaders on the economy. After delaying production of Podcast 522-BobDavis Podcasts Radio Show 34 to wait for more details on the big stories to break, I decided to change the opening segment and continue with the plan. Oddly enough, it all seemed to fit together. There are many problems in our society, but one of the big ones is how our media is not up to the task of dealing with the kinds of stories we’re seeing this week. Rather than investigate and report news, it advocates. Rather than investigate and advance the story so we’re better informed, it leaves that to cheeky types who yell at each other around a so-called roundtable, or interviews bystanders and calls it coverage. The population as a whole does not have the patience to learn the contours of an issue, is keen to argue and defend a position without any real knowledge on these stories, and social media seems to magnify the worst traits of the human character. Previous podcasts have discussed the possibility of unpredictable events to change our lives irrevocably. After what happened this week, I feel even more strongly that the black swan is just below the horizon. Sponsored by X Government Cars and Hydrus.