Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

Another Trillion Dollars

This week the president’s budget deal adds a trillion dollars to the National Debt. These days it’s depressing when so called conservatives say, “Deficits Don’t Matter“. Learn more in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Trump Republicans Spending and More Debt

Above all, Trump’s spending is on pace with Obama first term red ink.

I’ll Pay Off The Deficit In Eight Years

Moreover campaigning in 2016, Trump said he’d pay off the deficit in just eight years. In those days the deficit was 20 trillion. It’s now almost 23 trillion.

Current Federal Debt Is Unsustainable? Bring It on!

As the president began his second year in office, the General Accounting Office released a report on the national debt. The current Federal Fiscal Situation is unsustainable, it said. More in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

Republicans Addition To Debt Peaks In 2030

In fact, the GAO report showed US debt beginning to rise and peak in 2030, long after Trump has left the White House.

American Cities Are Broke Again

Over 70 US cities are in deep financial trouble. New York City is broke. Los Angeles isn’t far behind. Chicago is in a tailspin. I’ll explain it in Trump-Republicans-Spending-Debt-Bob Davis Podcast 850.

The Amount of Spending And Debt Is Shocking

When it comes to cities, counties and states investigators have to use forensic accounting to find out what’s going on. Even in small towns and counties across the country those investigations are uncovering a shocking amount of spending and debt.

Bonding On Bonding

Even more, states use bonding bills to get around balancing budgets. Therefore creating more debt through bonding.

Corporate Debt Binge

US corporations are on a debt binge too. Corporate debt is skyrocketing. It’s now 45 percent of our GDP. Much higher than during the 2008 crisis and dotcom bubble.

Americans Saved The Economy In The 2nd Quarter With More Debt

In addition Americans are more indebted than they were before 2008. US Household debt is 13.3 trillion in the second quarter. Much of it auto loans. Certainly Americans don’t save enough.

Conservatives Say Don’t Worry

Republicans say debt doesn’t matter and democrats have a new monetary theory. There’s nothing to worry about. Right? The US can “print” as much money as it needs as long as it prints US dollars.

Politicians Handing Out Goodies

Goodies like free college, single payer health, a green new deal, a higher minimum wage and guaranteed full employment are just around the corner. Just simply print money.

[Editor’s Note: In this podcast I used a quote from President Trump saying that he said, “No politician has ever been thrown out of office for not spending money. In fact he is reported to have told Senator McConnell, “No politician has ever lost his job for SPENDING money.”)

Forget Rome, England, Spain, Germany, Venezuela and Zimbabwe.

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Trump-Republicans-Spending-Debt-Bob Davis Podcast 850

 

 

2018 Toss Up Elections-Final Thoughts-Podcast 758

The 2018 Midterm election season has been most noteworthy for its twists and turns. Now as we head into the final month of the campaigns, find out what to look for on election day in 2018 Toss Up Elections-Final Thoughts-Podcast 758.

Media Cherry Picks Stats

Then there’s the media’s habit of cherry picking statistics. They call it ‘political coverage’. Statistics prove the story line. Damn lies convince us none of this has ever happened before.

Predictions of Doom

The president’s approval rating has never been worse. Voters have never been more fired up. If things continue the way they are now, terrible outcomes are inevitable. The president’s political party always loses seats in a midterm. Are these predictions of doom true? Learn more in 2018 Toss Up Elections-Final Thoughts-Podcast 758.

Polls Don’t Lie. The Media Lies

Finally, in my experience making predictions about statewide and house elections based on national polls and baselines is problematic although some research suggests they may be reliable predictors in midterm elections. There just isn’t enough information to say one way or another what will happen. That’s why we wait and see what the vote actually turns out to be.

Labels and Beliefs

Meanwhile these days we’re awash in labels and broadly held beliefs in pure nonsense. So and so is a “transformational figure”. A “disaster” has changed voting in a district or state forever.

Be The Change

I believe it’s time to change how we cover politics and I am putting my podcasts where my mouth is in this series on the midterm election toss ups. A close look at the data. A fair shake for the candidates. Letting the listeners and subscribers decide for themselves. Putting all the data in the podcasts so you can compare on election night. That’s what it’s all about for The Bob Davis Podcasts for Election 2018 coverage.

In conclusion, through all of it, I have to say I have no idea what will happen on November 6th, 2018, and neither does anyone else.

That’s up to you.

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2018 Toss Up Elections-Final Thoughts-Podcast 758

 

 

 

 

Toss Up House Elections 2018-Part 1-Bob Davis Podcast 753

Every two years the entire US House of Representatives has to run for election. The predictions of the prognosticators concerning these elections are most noteworthy. The sages say as many as 58 republican seats are in jeopardy. We’ll find out in a series of podcasts that examine each of these house races in detail. Toss Up House Elections 2018-Part 1-Bob Davis Podcast 753.

Predictions Are Dangerous

I hate predictions, Moreover I find while the media loves to ‘nationalize’ house and senate elections most of the time they turn on local issues not the national issues. One of the reasons predictions are often be wrong.

Especially relevant, so many of these races are considered toss ups.

Calibrating The Crystal Ball

There’s only way to determine whether men staring into crystal balls can predict the future. You have to examine each district one at a time.

In part one we look at several districts in California, Colorado, and Florida. More are on the way.

Travel Makes Great Political Analysis

I am happy to say I have been to many of these districts in Mobile Podcast Command. ‘Just passing through’ doesn’t give you some gift for the truth but it does help to visualize. Because I travel I have additional knowledge that is invaluable when it comes to understanding what’s going on in some of these elections.

Pivot Counties Are Well…Pivotal

Similarly it helps to have visited to some of the so called ‘Pivot Counties‘ and to have traveled through areas these guys on TV probably have not seen recently, if ever. It all adds up to the realization that all politics really is local.

New Political Environment?

Because I traveled in 2016 I was able to to realize early on something different was brewing. I think we’re still in a new political environment. All the more reason not to avoid the tarot card readers on TV. Listen to Toss Up House Elections 2018-Part 1-Bob Davis Podcast 753 instead.

No Predictions Just Information And a Baseline For You

While I won’t predict anything in 2018 I think it is fair to say we’re in a new environment politically in which almost anything can happen. Moreover whatever is happening may not show up in polls and primary election data.

Isn’t that what makes watching the outcome so much fun?

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Toss Up House Elections 2018-Part 1-Bob Davis Podcast 753