Podcast 297

Tea Party as Third Party? Word is some people in the Tea Party think it should become a Third Political Party. What’s involved in creating a so called Third Party, how successful have they been, how successful might an actual ‘Tea Party’ be? Some tea party groups have been criticized lately for making a lot of noise, but not controlling much money, or votes; Things that matter to politicians. It has been suggested what is needed is political organization at the grass roots: Podcast 287. Some people think that means starting a so called Third Party, or constituting the Tea Party as a Third Political Party. Judging from history, if Tea Party groups aren’t able to organize their neighborhoods and precincts, what’s necessary to build a viable third political party, is beyond them. There are many so called ‘third parties’. The largest among them is the Libertarian Party which is present in about 45 states and the District of Columbia, the Green Party is present in 37 states and the District, and the Constitution Party is present in 37 states. There are many other so called ‘Third Parties’. So far, they have not been able to elect representatives or senators, although there has been some success here and there in local races. Most recently in US History, Ross Perot created the Reform Party to support his independent presidential candidacy in 1992 and 1996, garnering something like 18 percent of the vote in 1992, and no electoral votes. In essence, third parties don’t have a very good track record. So, is this the right way to organize votes and have influence in Saint Paul or Washington. It might be fair to suggest that this is yet another effort at denying what needs to be done in order to gain so called ‘street cred’ with Saint Paul and Washington Politicians; Generate a lot of money and votes and scare the daylights out of them. Making a lot of noise, so far, hasn’t seemed to accomplish this. (Editor’s Note: I spoke with a couple of Tea Party leaders this week, and they don’t seem too thrilled with this idea.) Back to work! (Join Bob Davis at the SD61 Chili Dinner January 25th to talk this out, and eat chili.) Sponsored by Ryan Plumbing and Heating of Saint Paul. 

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Podcast 294

Dry Cycle. The update turns into a discussion of the fallibility of media, even your favorite cable news channel. This weekend, Fox News had to correct itself and apologize profusely for reporting there are ‘no go’ zones in Europe, where non muslims fear to tread, and the police won’t enter. Everyone was talking about it all weekend after Fox anchors and guests apparently got it wrong. These are neighborhoods in England and suburbs in France that are about as forbidding as LA’s Compton, or Chicago’s South Side. While Europe has been more lenient allowing Sharia Law, it does not mean muslim ‘enclaves’ have sprouted, even though allowing a separate law for Muslims in a modern, western democracy is not a good idea. That said, the President and the Pope continue to support limits on free speech. President Obama even went so far as to say he doesn’t consider terrorism a existential threat, which it most certainly is, then said Europe has to do a better job ‘integrating’ its Muslims. Maybe he fell for the No Go story too. This provokes a whole conversation about how to wean yourself from cable news and talk radio, develop multiple sources of information, deal in facts, avoid the emotion spewing out of talk radio and fox news, and use your tools to find and develop deeper knowledge on key subjects. The need to fill the airwaves, pushes under financed and poorly managed outlets to spew out incorrect information, relying on ping ponging viewers back and forth between the latest outrage and the latest breaking news. The good news? That kind of media’s glory days are behind it, as it gives way to on demand audio (podcasts), You Tube, NetFlix and future on demand video services. A recent survey reports that most millennials don’t ever watch broadcast television, seldom watch cable news channels, and download virtually all their entertainment and information. In an on demand world, the daily outrage may not work as well, as people seek out information, rather than people screaming at each other. The latest example? NASA says 2014 was the hottest year on record? Do you know by how much? Do you know what the margin of error is in that estimate? The answer might surprise you. Finally, Arizona and other states are passing laws which require high school seniors to pass citizenship exams in order to graduate. Good idea? Sponsored by Baklund R&D. 

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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. 

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