Podcast 307

Mitt Quits. Updates for the first week of February. While neighbors enjoy the Superbowl – enjoy their muffled screams through the wall – The Bob Davis Podcasts goes to work. Mitt Romney has decided not to run for President in 2016, provoking the Washington Post to name Jeb Bush as the front runner. Meanwhile a new poll of voters in Iowa, where the nation’s first presidential primary will be held, have picked Wisconsin Governor Scott Walker as the front runner, closely followed by Kentucky Senator Rand Paul. If you are an observer of politics, and you have a decidedly anti-government bent, it sure seems like the mainstream moderate wing of the Republican Party is selling policy and tactics from the 1990’s, while voters seem to engage with politicians with newer ideas. While the actual political season for the 2016 cycle is a long way off in political terms, the media seems to want to pick a moderate as the front runner, and the people might have different ideas. Stay Tuned. The new Economic numbers are out, and they aren’t as good as expected. Surprise! After 5 percent GDP ‘growth’ in the third quarter just about everyone ‘figured’ and predicted that we would have at least 3.6 percent ‘growth’ in the fourth quarter, what with gas being cheap and acting ‘like a tax cut’. Even President Obama declared victory over stagnation for weeks, culminating in his over the top State Of The Union Speech which would make the initiated think he was presiding over the most dynamic economy in US History. In reality, President Obama’s recovery doesn’t just lag Bush and Clinton and Reagan, the Obama ‘recovery’ is the worst economic performance of all Presidents in US History. The new growth number? 2.6 percent. What does the media blame it on? Those evil frackers who created all those jobs, and now they’re laying people off ’cause oil is so cheap. In fact the media that couldn’t bring itself to write a positive story about energy growth in the US in the last six years now can’t find enough down-on-their-luck in Williston, North Dakota, stories. Fact is, most of the manufacturing jobs the President likes to tout are energy related. Yeah, cheap gas is great. It acts like a tax cut. Just keep that in mind as the European Zone disaster starts to take hold, and China’s economic slow down begins to bite, realities which the US economy won’t escape. And what are US policies? Not clear away the gordian knot of taxes and regulation that chokes business formation, and the supply side, but continued efforts to stimulate consumption and ballyhooing ‘consumer confidence’. In Silicon Valley they are mixing morning shake cocktails of supplements and additives that are supposedly able to increase your IQ. Body hacks are all the rage, so Podcast 307 ends with an effort to play catch up, with the Broadcast Bunker Juicer. Sponsored by Xgovernment Cars and Depotstar