Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Will Corona Quarantine Cause A Depression?

These days the word depression has begun to appear in the news. Especially relevant? We’re talking about economic depression because business is pretty much shut down. Will the Corona Quarantine Cause Depression? Learn more in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

Uncharted Waters

We’re in uncharted waters due to the pandemic. No nation has ever brought its economy to full stop in such a short period of time.

Biggest Reduction In Economic Growth Ever

Even more major banks are predicting at least a 25 percent reduction in US output in the first quarter.

Bigger Than The Great Depression

This is unprecedented even in the darkest days of the Great Depression back in the 1930’s.

What’s Done Is Done

While we can ask whether this was a good idea, what’s done is done.

Can We Hit Pause? Or will The Corona Quarantine Cause Depression?

Seems like people think you can ‘hit pause’. Come back in thirty, sixty, ninety or one hundred twenty days. Hit ‘play’ and everything will be fine.

Real Life

But above all, this is real life. Even though it seems like we’re in a movie, we’re not.

We May Not Be Able To Easily Restart

Economies may not start easily once they are shut down. Moreover the central banks have been running very loose monetary policies for years. I’ve done a lot of podcasts about this. The central banks may not have much ammunition left. I’ll tell you what this means in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913.

What About Actions Government Has Taken?

As a result of ordered lock downs the government has taken action in the last week or so.

Interest Rates Slashed

The federal reserve slashed interest rates twice. The effective interest rate is now zero.

Another 2 Trillion of Relief On The Way

A 2 trillion dollar relief package is working its way through congress.

One Thousand Dollar Checks

We’re all supposed to get one thousand dollar a month checks as needed.

Why Are They Doing This?

Certainly there’s a reason for all of this. It has to do with what a depression is and what causes it. I’ll explain it in Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913. Are we there yet? Time will tell.

Making It Better…Or Worse

Finally in the end economists and policy makers will sift through whatever wreckage is left and tell us whether the measures taken now made things better or worse.

Short Deep Recession or Depression

In conclusion whether we have a short and deep recession or a world wide economic disaster known as a depression depends on what our leaders do now.

Out of Our Hands

It sure seems to me like it’s out of our hands.

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Will-Corona-Quarantine-Cause-Depression?-Bob Davis Podcast 913

Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912

Uncertainty Rules The News

These days you don’t know what the news will bring. Furthermore the latest spate of shoot-from-the-hip fixes take the cake. Learn more in Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912.

Pandemic Podcast Series

In addition I’ve been doing a series of podcasts on reactions to the virus.

Old Political World Already Dead

First of all the left-right political spectrum is out of date.

Conservative Versus Liberal? Get Real

Consequently, conservative versus liberal doesn’t even begin to describe what we’re dealing with.

Minimizer In Chief Suddenly Worried

Even more President Trump minimized what became a pandemic from the start. As a result, his supporters parroted what he said with gusto.

Trump went from pointing fingers and calling Coronavirus a hoax, to cowed in one day!

Learn why in Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912.

Losing Their Principles For Trump

Conservatives believe in Limited Government or personal freedom, Economic Freedom the US Constitution and above all a debt free future. Moreover the right wing hates deficit spending, the Federal Reserve and Executive Overreach?

Trump Shifts

And yet in a few hours President Trump abandoned conservatives! He proposed a series of policy ideas that should have former and current democratic presidential candidates claiming copyright infringement!

Checks, Deficits, Bail Outs

Especially relevant, perhaps two thousand dollar checks for every American. A trillion dollar bail out package on top of a trillion dollar deficit just for 2020 and 23 trillion in public debt. Using the military. Shutting down private businesses.

Threatening The Federal Reserve Chair

In addition, the president threatened to fire the Federal Reserve Chair because interest rates weren’t being cut far enough, fast enough.

Wall Street Response

Finally the response from Wall Street isn’t good.

Investors want to see the president leading the government to take real action to address a growing crisis.

Never Waste A Crisis

In conclusion, it’s time for questions about the future of the republican party and this president. Remember those Obama Era Memes about not wasting a crisis?

Now they’re being applied to ‘conservatives’.

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Pandemic-Finally-Kills-Conservatism-Bob Davis Podcast 912

 

Election2020-Tom-Steyer-Big-Plans-Bob Davis Podcast 897

Lots Of Ideas And Plans

First of all Tom Steyer is an activist. Second he is a billionaire. He’s running for president and he has a lot of ideas and plans. He’ll tell you about them in Election2020-Tom-Steyer-Big-Plans-Bob Davis Podcast 897.

Democrat Patterns Emerging

These days after a few days on the campaign trail you start to see and hear patterns in all the speeches candidates make. Steyer is no exception. The main theme? President Donald Trump.

Political Red Meat

Certainly Iowans coming out to hear these speeches want political red meat. They’re getting it from Steyer.

Racist! Criminal! Incompetent!

Most noteworthy quotes from Steyer include comparing the republican administration to the holocaust. Trump’s a racist. Incompetent. A criminal.

Go Ahead…Talk

In contrast to cheap talk though, Steyer has put his money where his mouth is for years. NextGen Climate and most recently Need To Impeach have mobilized millions.

Organize Highest Democrat Turn Out Ever

Furthermore Steyer intends to use experience with NextGen America and Need To Impeach to deliver the what he says will be the highest democratic turn out in history. Moreover he says democrats will win big in 2020. He’ll tell you all about it in Election2020-Tom-Steyer-Big-Plans-Bob Davis Podcast 897.

Smart and Detailed

Especially relevant here is the fact that Steyer is smart and detailed. Consequently he talks. A. Lot. That means editing down hours of speaking and questions from the audience into a capsulized version of what actually went down.

Political Coverage True To What Went Down

Furthermore my intention is to take podcast listeners into these events with no judgements. I sincerely hope I was able to do this with Steyer. In addition, this time I talked to some of the people at the event.

Everyone Listen…Republicans Too

In conclusion I am sure my democrat friends will love most of what Steyer has to say. Republicans not so much in contrast. Still, I hope my republican friends can listen to understand the issues.

Actionable Proposals

Above all, despite the red meat, I sense most of the actionable proposals are surprisingly moderate. Even for Tom Steyer. That should concern republicans, because those kinds of ideas are not easily dismissed.

Election2020-Tom-Steyer-Big-Plans-Bob Davis Podcast 897