Podcast 613-Rising Tide? Trump’s Minimal Economic Impact

We’re Growing Again Right?

Trump ballyhoos new numbers. Seems like the new president is turning our economy around. A rising tide? What does an improving economy look like? Are there actions that cause real economic growth? Do you think new leaders are taking those actions?

Republicans Know How To Fix The Economy Right?

Deregulation. Tax cuts and reform. Infrastructure construction. Campaign Pledges were made. Pledges spurred optimism. Furthermore promises can be kept because republicans are in charge and republicans understand business. So the story goes.

Trump Has Already Started Making Things Better Right?

Trump claims credit for the new numbers. Can a new president have an economic impact after less than 90 days?

What’s Better?

How do you define economic success for the United States? Better job? More money? Saving a job? Getting a loan for business or housing? Seeing your 401K account fatten because of stock performance? Cheaper gas? GDP? Productivity? Improved employment? Interest Rates? Jobs coming back to America? Consequently how do you know when it’s working?

What Has Been Done?

Because of the new numbers coverage exploded. However, what have Trump and the new Congress actually done? Executive orders on regulation. Business and the environment. Pipelines. Budget cuts. Trade and the budget. In conclusion, is there an impact on the economy overall?

How Do You Know?

Who are the people that put these reports together and what methodology do they use? How do economists and traders judge these numbers? Seems like people accept them at face value. Should you place confidence in these reports?

What Actually Works?

Are there specific actions that can be taken to grow our economy? If business and economic philosophy is important, what do our leaders believe? Do you think there is a standard approach to economics and government in Washington? More importantly, we know ideas counter to the current approach exist. Will the new congress and president embrace them?

Back To The ’50’s

Let’s face it. We have a sclerotic, 1950’s style government. People are developing and using new technological tools developed for the 21st Century. Moving fast toward building a new world. Block Chain Currencies. Improved Communication tools. Robotic manufacturing. Higher productivity. Government might be out of step with those developments.

Sponsored by Ryan Plumbing and Heating of Saint Paul.

 

Podcast 608-Political Talk Gets Harder Every Day For Me

Can We Have The Room?

Time to clear the air. It’s getting harder to talk politics every day. On the heels of a presidential address to a joint session of congress things seemed to calm down. Then President Trump tweeted from his rooms at Mar A Lago. Trump alleges President Obama spied on him at Trump Tower. Suddenly it’s the end of the world. We’ll talk about it in Podcast 608-Political Talk Gets Harder Every Day For Me

During the election Republicans told everyone they would repeal Obama Care. Now suddenly ‘conservatives’ like Charles Krauthammer are telling people attempts by some republicans to repeal an entitlement are bad because “you can’t repeal an entitlement“. Isn’t that why people voted for republicans? In Podcast 608-Political Talk Gets Harder Every Day For Me.

Parallel Universe

We live side by side. Speak the same language. Shop the same stores. However, we live in different countries. Use completely different information sources. Believe completely different histories. Listen. Read. Watch only things we agree with. Tumult. Confusion. Frustration. We’re told what will happen not given news. News is a recitation of facts about things which have happened. Not a recitation of predictions about what’s going to happen.

Proof In The Pudding

People getting their jobs back at the factory? Economic growth at 4 percent? Respect for the United States across the world? Draining the Swamp? Making America Great. Again? Time will tell. In Podcast 608-Political Talk Gets Harder Every Day For Me.

Digging In

Wanna talk politics? Dig in. Help your audience dig in. Pick your poison. Dictator. Fascist. Racist. Or, Great Man. Elected by a landslide. Keeper of a mandate. A revolution. That’s not politics. Not discussion of policy with an open mind. This is riding on a train. North. South. East. West. Pick a track.

Cowards

I don’t like any of them. They’re all cowards. Doesn’t matter if there’s an R or a D in front of their name. Say one thing. Do another. Demand the media defend them. Demand the people defend them. Pass more laws impossible to understand or debate. Engage in one intrigue after another. Another investigation. Trial. Debate. Protest. Outrage. Rinse and repeat. In Podcast 608-Political Talk Gets Harder Every Day For Me.

Advancing The Story

Hard out here for a Podcaster. Best thing. One on one talks. Challenge. Try to make sense out of it all. Grow our thinking. Enjoyed our one on one. Ok you guys. You can have the room back.

Sponsored by Ryan Plumbing and Heating of Saint Paul.

Podcast 585-Goodbye 2016

Bob Davis Podcasts Radio Show Number 59.

In Podcast 585-Goodbye 2016 Guest Andrew Davis and I have a father and son discussion of some of the big takeaways from 2016 and a look ahead to 2017. This isn’t one of those big stories of the year countdowns that populate the media at the end of every year. Just some thoughts about the year from both of us. What we have seen and what we thought was significant.

Of course in the United States, the big story of the year was Election 2016. Father and son talk about the winners and losers this year and how to stay informed going into 2017. The biggest loser of 2016 was traditional broadcast and cable television news and what is generally referred to as the mainstream media. This year though, you could add broadcast talk radio to the list. The biggest offense for these outlets was the penchant for predicting the future, picking a winner and endorsing a candidate.

From the media perspective the biggest winner was social media and You Tube. According to a recent study by Pew, more people got their news from social media and You Tube than ever before. This is a tectonic shift away from broadcast radio news and news delivered over traditional sources like broadcast television and cable television. This shift has provoked efforts to control what news and links people see and hear on social media sources.

In Podcast 585-Goodbye 2016, the biggest surprise in 2016, for traditional media and politics in 2016 was Trump’s Electoral Victory. For political elites inside the beltway and those who believed what old line traditional media told them, the emergence of Donald J. Trump in the primaries, his nomination as the Republican presidential candidate and his electoral victory was a shock. The biggest factor in politics in 2016 were the misconceptions fostered by terrible reporting and analysis.

Late in the election season the Clinton campaign and the White House introduced the idea that the Russians somehow ‘hacked’ the US election. While a convenient explanation for bereft democrats, even at this late date proof of a Russian Interference is lacking. Moreover, proof the alleged Russian intervention resulted in actually effecting the outcome of the election is even more elusive. Father and son disagree on this topic. This disagreement that carried over from the radio show to intense discussions with friends well into the evening.

With change back on the front burner in 2017 our discussion turns to how to get good information. There will be a need to evaluate the performance of the Trump administration and arguments against its initiatives. With so called fake news, opinion journalism rather than good investigative journalism, having good sources is more important that ever.

Once you have goos sources, you also need context. Good sources include source materials such as reports, think tank studies, documents, and live video. Context comes from reading history, source documents, non fiction books on various topics and your interests. Both of us caution against pop culture books which are nothing more than the same type of rehashing and alarmist coverage you see in social media, cable news and talk radio. They are designed to persuade, rather than inform. Certainly one can say think tanks have biases, which are usually fairly obvious, but reliance on source material from different parts of the spectrum and academic interests gives you the background and context to understand the biases without being manipulated.

Finally, the big issues in 2017 to watch will be the Trump Team’s transition, foreign policy issues including the South China Sea, ISIS, Europe, Russia and China, foreign trade, the Israeli-Palestinian conflict, Israel’s role in US foreign policy, United States Economic policy. Politically what the 115th congress does and how it does what it does will be significant stories in 2017. Supporters of the new President will be hard pressed almost from day one to defend his actions, and the opposition is treading through brand new territory. Both sides will need objective facts.

Finally, we have a little fun with the millennial obsession with smart phones and the hand wringing over ‘so many’ celebrity deaths in 2016 and thank the sponsored, supporters and listeners to the Bob Davis Podcasts throughout 2016. Happy New Year. See you in 2017.