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

Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794

These days we content creators have to post advisories and disclaimers. This podcast is not a list of reasons to ‘build the wall’. It does not include 5 reasons to impeach Trump. Learn more in Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794.

Trump Blew It In 2018

Especially relevant is the fact that less than a month ago the so called conservative base was furious at the president and the republican party for taking a ‘shellacking’ in the midterm elections.

It Is Trump’s Fault

Furthermore I did several podcasts on the midterms explaining polling showed the GOP did not have to lose congress.

Raise The Stakes To Win

Therefore it is most noteworthy that the president opened the new year by raising the stakes. First a government shut down. Then threats to declare an national emergency.

What’s the issue?

A campaign promise by Donald Trump to solve what he has described as a crisis on the border.

Consequently, the solution he hit upon? ‘Build A Wall‘.

First of all. the president failed to get a republican congress to fund a wall. Now he has redoubled his efforts to get a democrat house to fund the wall, which they say they won’t. Enter the shut down. Enter the specter of a ‘National Emergency‘.

Outrage Controversy and Emotional Outpouring

If outrage and controversy over the shut down wasn’t enough, Trump is raising the stakes with threats to declare a national emergency. Under an emergency the military can build what is now described as a steel barrier by the president. Or at least he thinks so. Is he right? Find out in Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794.

The Sushi Shutdown

After a late evening sushi happy hour, I came to my studio to tell the truth about this whole episode. It’s not about the shut down or even a national emergency. Trump is doing what Roy Cohn taught him to do many years ago. Make threats. Throw tantrums. Demand. Raise the stakes until the other guy gives you what he wants. Above all force the opposition to talk about what you want to talk about. Control the media battle space. Use the ‘bully pulpit‘.

Throwing Blood In The Water To Shore Up The Base

In conclusion, Trump does this again and again. And everyone takes the bait, hook line and sinker.

Every time.

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Sushi-Shutdown-Emergency-Bully-Pulpit-Bob Davis Podcast 794

America’s Royalty-Bush-McCain Funerals-Bob Davis Podcast 784

Watching coverage of George HW Bush’s funeral I wondered when we turned our presidents into emperors. Learn more in America’s Royalty-Bush-McCain Funerals-Bob Davis Podcast 784.

Royal Weddings and State Funerals

Moreover I think state funerals in this country are going overboard. The State Funeral has become our answer to British Royal weddings and coronations.

No Pomp and No Titles of Nobility

Most noteworthy our constitution forbids granting of titles of nobility. Furthermore Alexander Hamilton called this the cornerstone of the Republic.

Why No Royalty In The US?

The real founders of this country did something that had never been done before. Our constitution guarantees the sovereignty of the people.

We The People Are The Nobility. Not The Politicians!

Moreover We the people ARE sovereign. Americans don’t need royalty.

In contrast, leave it to the media and the politicians to create a backdrop to make them seem like royalty.

Mediocre Politicians Should Not Be Hailed As National Heroes

These days a mediocre politician who dies can’t just be a guy who lived a full life and served his country. The loss is a national tragedy. The deceased was a “contemporary founding father“, or a “Hero”.  Hence, Bush and McCain funerals carry all the trappings of American Imperial Nobility.

Settling Scores At Funerals Is Bad Form

Even more offensive to me is the penchant some of these people have to settle political scores.

We are submitted to an endless stream of mind numbing stories about politicians who won’t talk to other politicians. Or reports on what clothing was worn and how it was received and so on.

The Media loves these royal funerals. Funerals mean big ratings.

Consequently politicians love funerals. Above all, they love the chance to be seen being seen. I’ve never met a politician who will miss a funeral.

A Macchiavellian World Without Principle

Truth is we’re lauding men and women who came up in a system which demands loyalty. The rules in politics are, never refuse a favor. Dance with the one who brung ye. Be a good boy. Good boys get rewarded. Long political careers sand away the rough edges and principles.

Is This What We Want?

Finally these days people complain a lot about politicians. The people say their representatives don’t listen and aren’t true to their word.

Here we have President Bush who famously pledged “Read My Lips, No New Taxes”, then raised taxes.

Then we have John McCain, who torpedoed the repeal of the Affordable Care Act. Remember, the republican majority, and the president ran on repeal legislation. This is heroism?

In conclusion I think we should remember, no matter how high the media holds them up, even presidents are chosen by the people. We delegate our sovereign authority to them. It’s not the other way around.

They are not Caesars.

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America’s Royalty-Bush-McCain Funerals-Bob Davis Podcast 784