Podcast 362

No Growth Economy. New numbers say the US Economy grew by only .2 percent. Yet still, the Federal Reserve says the economy should grow now in the second quarter. Never mind all the ‘experts’ predicted 2015 would be a ‘blow out’ year, and that they have been revising their predictions down all through the quarter, they were still way above what the numbers actually show. Excuses? They have a few. The weather. The work slow down at the Port in Los Angeles. The weather. The strong dollar. Did I mention the dollar? The US has now had quarter after quarter of slow, no, or only anemic growth, and yet the Obama administration and its apologists, and the bone headed financial media call it a ‘boom’. Meanwhile small and medium sized businesses all over the country know it for what it is. A no growth economy. Why do business writers believe things will change if the policies don’t change? Does the consumer really account for 70 percent of the economy? What if we’re using the wrong tools to stimulate the wrong things? What’s that old saw about the definition of insanity? Banks aren’t lending because they can make more money borrowing at the discount window, reinvesting in the stock markets. Companies aren’t investing because they’re buying back their own stocks. The US corporate tax rate is the highest in the world (by far), and the tax code is so complex it costs us dearly in productivity lost (while we comply with the tax code) and literally billions of dollars spent complying with its byzantine rules. Regulations of all kinds make it almost impossible for small and medium sized businesses to grow. What are the policy ideas we need to hear from candidates (which we’re not hearing) to fix the economy. It’s not about inequality. It’s not about ‘reformicon’ tax policies (which are actually democrat tax policies warmed over), or making the government work more efficiently. In this podcast, some ideas you may agree or disagree with, but it will definitely start you thinking. Sponsored by Ryan Plumbing and Heating and X Government Cars. 

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Podcast 323

Obama Checks Out. After the President’s White House summit on ‘extremist violence’, a firestorm of controversy erupted when he refused to characterize the ‘extremists’ – the subject of the summit – in language that would actually describe them. Our current problem is, after all, referred to as THE ISLAMIC STATE! The President reminds us lowly peasants we are not to refer to the Islamic State as Islamic Terrorists, or even ‘Islamic’. This is apparently so that the President will still be invited to cocktail parties with the nuanced and beautiful. Obama also took care this week to describe the ‘root’ of the problem in the Middle East as a ‘lack of jobs and democracy’. This is a statement which is patently false, since almost all top Islamists hail from upper middle class families, and are well educated. Critics say the President is never going to be able to defeat the Islamist Threat if he can’t name it. The bottom line? Whether President Obama knows it or not, he has telegraphed to the American people and the world he has checked out. Its clear he just wants to make it to January 2017 with his ‘legacy’ intact. For this, we are grateful. We do not want this president conducting a major war, as long as we can get through the next 22 months or so without being blown to smithereens, burned in a cage or beheaded by ‘extremely violent people’. If you’re upset about the possible threat, channel the angst into the 2016 presidential race, because the next guy in is going to have a lot of work to do. It will fall on the next President and Congress to figure out how to clean up this mess, because the current President isn’t going to do a damn thing about ISIS, Putin, or anything else. Do we really want him to? It seems all the world’s leaders are at a loss to figure out what to do about anything. The EU is on the verge of a financial crisis and is probably in a recession, while its leaders burn the midnight oil feverishly negotiating cease fires that are apparently meaningless to people like Putin. As fighting between Ukrainian government troops and ‘separatists’ in eastern Ukraine intensified, ending in a rout for the Ukrainian troops, German Chancellor Angela Merkel said of the short lived cease fire negotiated just last weekend in Minsk, “It’s not Munich’. Is there anyone in charge these days? Or are they all waiting for their people to tell them what to do? Do they know what to do? (Wait! Don’t answer that.) The real question is what the US role in the world should be, and how this country should handle itself. This is a question that is clearly being left up to the people. Some final updates and conclusions on the foreign policy front to end the week. Sponsored by Ryan Plumbing. 

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Podcast 312

The IRS Needs More Money? Another update podcast from the newsroom at the Bob Davis Podcasts. The head of the IRS was back on the hill recently crying for more money, saying the agency uses computer programs from the dark ages and can’t do what it is supposed to do, collect taxes, because it has too many things to do. Does the IRS have too much to do, and too little money to do it? Or, is it another VA; another poster child for the failure of big government. Meanwhile, you have a less than one percent chance of being audited, unless you make over a million dollars, or cause red flags (in those archaic computer programs) to be activated. Perhaps it is time to talk about a new head of the agency. Or maybe even a new method of taxation that does away with this agency. Should we pursue tax reform under President Obama or make it a campaign issue in 2016. What proof is there that anyone with an R in front of their on the ballot is going to actually ‘reform’ taxation policy? Colorado’s legalization of Marijuana has caused so many millions of dollars in taxes to be collected that a state law might require it be returned, much to the chagrin of republicans and democrats in the legislature. Guess what? They want to pass a law so they can keep it all … for education. Two shootings that involved police officers in Hennepin county this week provoked some to question how people who were either convicted felons, or known to be unstable (and thus afoul of the law) managed to get guns. While the gun control movement in the US thinks the solution is to pass a law that says people like that can’t have guns…yet they always seem to get them. Fifty Shades of Grey sex toys have hit the shelves … at Target. The company says the Fifty Shades marketing package which contains blindfolds – among other things – will be placed in an adult area of the store, but one pic surfaced of the Fifty Shades stuff next to children’s tooth brushes. Surprisingly, China will have the most robots in use in their manufacturing sector by 2017. Who will make the Robots? Swiss, German and Japanese companies. Expect thousands to be laid off in China’s automotive and technology sectors. Science may have figured out how to reverse the effects of aging and how to end the common cold. Sponsored by My Complete Basement Systems and by Depotstar. 

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