Podcast 271

Gas Oil Collapse. Energy and Oil and Politics. We may be at the beginning of the end of an era in the energy markets, politics and economic policy but people are never going to figure it out with the terrible job the media is doing reporting on these topics. Gas is below two dollars in 13 states, crude trading at 55 dollars a barrel, with more drops expected. Meanwhile, OPEC refuses to cut production, even refuses to hold a meeting to discuss it. The drop in oil over the last few months of 40 percent so far, most of it in the last two months is beginning to have an effect. OPEC’s price war on Frackers in the US, Canada and Brazil, the international version of a gas war, is beginning to have economic and political effects. When the cheerleaders talk about oil ‘acting like a tax cut’, remember there is a lot more to this story. If energy production in the US is a big piece of the manufacturing boom, what happens when lower prices curtails exploration? Will lower oil and gas prices still act like a tax cut? What about disinflation, or outright deflation in commodity prices? What about dropping demand due to economic slow downs in China, Europe, and Latin America? Do you think the US is ‘decoupled’ from the rest of the world’s economies? On Wall Street, the story is completely different. There, investors are moving money from the market to long term Treasury Bonds, an indication of expected weakness? Meanwhile, the Federal Reserve will be hard pressed to raise interest rates (which its wants, and perhaps needs to do) in the face of declining commodity prices. This isn’t just an international problem. A Minnesota State Legislator wants to reduce farm property taxes, due to the decreased revenues farmers are seeing on their crops. As the sun sets on the Democrat Senate Majority, and rises on a huge Republican majority in the US Congress as well as state legislatures and governor’s mansions, we’re also about to enter a new era in politics, or perhaps close an old one. How will the last two years of the Obama administration differ from the previous 6? Despite the President’s progressive rhetoric, does the budget deal indicate will be a little different when it comes to horse trading with Congress? Sponsored by Ryan Plumbing and Heating and Depotstar. 

Podcast: Play in new window | Download (Duration: 32:43 — ) | Embed

Subscribe: Apple Podcasts | RSS

Podcast 264

Jeb Bush? Really? What started as a midweek update, back in the studio after the road trip, turned into a discussion of whether the ‘conservative movement’ has completely lost its way, even whether it exists at all. As Congress seems to struggle with how to handle President Obama’s executive orders on immigration, in an effort to avoid a government shutdown which moderates feel is bad publicity for Republicans, the Speaker’s plan is apparently to pass a continuing resolution for the overall budget while offering a separate budget for Homeland Security (Which is where the funding for the President’s controversial executive order on Immigration is funded). This leaves room for the complete Republican 117th Congress to address these issues after January. This strategy isn’t sitting well with some Republicans who believe they were sent there to stop the President’s power grab. While political junkies should probably stop worrying about Congress and start concentrating on building organizations for 2016, there is a big fight brewing on both sides of the political spectrum. Progressive and Moderate Democrats on one side, and a mixed bag of Republican constituencies on the other. Libertarians, Moderates, Religious Conservatives all vying for control of the GOP … again. This leaves space for yet another Bush to ride in on the White Horse they keep down there on the ranch and be ‘the adult in the room’ and stop all those crazy ‘Paul-Bots’, and ‘Tea Baggers’; i.e.; The Conservative Movement. Or what’s left of it. The challenge in this podcast is, once again, to define what exactly a conservative is? While the Republicans won a huge midyear victory, that victory does not mean the ‘movement’ is healthy … or even alive. A conservative is a former Florida Governor who believes in Common Core and doesn’t want to repeal Obama Care? Republicans might have won a legislative majority in 2014, but that doesn’t mean they know what they’re doing. All it shows — and they certainly deserve credit for it — is that they were able to get their people out to vote, while the other side stayed home. But what is the GOP for? What do the conservatives want to do about economic policy, spending and debt, foreign policy? The so called grassroots are talking about 1776, the constitution and a constitutional convention (Editor’s Note: The dumbest idea ever.) This is a conservative ‘movement’? Next? Someone finally has taken the pundits who keep saying cheaper gas is like a huge tax cut. Except it’s not. In this podcast find out why. Plus, don’t forget there is an ominous demand side to the cheaper gas we’re currently enjoying; Slow downs in Europe, Japan, China and Latin America do not bode well for the global economy, and the US isn’t growing dynamically to pull everyone else’s fat out of the fire this time. Black Friday turned out to be a bust. So don’t expect that just because gas is 2.49 a gallon it means unicorns and rainbows, economically speaking that is. Sponsored by X Government Cars and by Depotstar. 

Podcast: Play in new window | Download (Duration: 36:40 — ) | Embed

Subscribe: Apple Podcasts | RSS

Podcast 175

The News Cycle is boring me. A listener asks, I am tired of being pushed around and I want to run for office. What do I do? So called conservatives are long on outrage but short on basic political skills. How does one run for office? Forget the 2014 cycle, since the filing process, delegate process, conventions and soon the primary will be over. The candidates have been selected and they’re out campaigning. But, how DOES one run for office. I say you have to learn politics from the ground up, FIRST. That means volunteering to drop lit, door knock, work in your local political party office, become a leader by actually doing something for someone else once in awhile. Plus some short updates on the week’s top stories, and of course, the impending doom of the ‘polar vortex’, which will be cooling the upper midwest this week. All while we walk down the rail road tracks on a beautiful summer evening, as the sun sets. Lawn mowers, softball, the dog park, throwing rocks at big metal rails, and those incessant footfalls! Sponsored by Ryan Plumbing and Heating of Saint Paul. 

Podcast: Play in new window | Download (Duration: 35:30 — 32.5MB) | Embed

Subscribe: Apple Podcasts | RSS