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.

Sponsored by Lacroix Law, Reliafund Payment Processors and Ryan Plumbing and Heating of Saint Paul

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

 

 

War-Rumors-Iran-Trump-Bob Davis Podcast 832

Presidential Election Ahead…Cue The War Drums

War and rumors of war. This time between the United States and Iran. These days you don’t know what’s real. We’ll talk about it in War-Rumors-Iran-Trump-Bob Davis Podcast 832.

The Devil’s In The Details

In addition I’ll provide details and perspective you don’t get from breathless cable news channels, talk radio and advocate commentators. Once a crisis develops advocacy media will try to convince viewers for or against.

Complicated Issues

Iran is a much more complicated issue.

First of all, at issue is the so called JCPOA. The Joint Comprehensive Plan Of Action.

The JCPOA was signed by all five permanent members of the UN Security Council and Iran during the Obama administration.

Moreover in exchange for Iranians giving up weapons grade uranium some US and European sanctions dating back forty years were temporarily waived.

The Worst Deal Ever…Might Have Been Working

In 2016 republican presidential candidate Donald Trump campaigned on getting rid of the JCPOA calling it ‘the worst deal I’ve ever seen’. In contrast some  sources say Iran was actually abiding by that agreement. By the way, the deal Trump signed with North Korea recently pledging to de-nuclearize the Korean Peninsula was in fact a communique like the JCPOA, with fewer conditions.

Trump Imposes Sanctions

No matter. President Trump has taken the US out of the deal and imposed sanctions last year. Just recently the US has reimposed sanctions on Iran’s oil exports as well as copper, aluminum and steel most recently. The economic effects have not been good for Iran.

Iran Uses Proxies To Retaliate and Threatens To Start Enriching Uranium

Reportedly Iran has retaliated using Houthi rebels in Saudi Arabia to attack oil pipelines and shipping in the Persian Gulf.

Trump Sends The USS Abraham Lincoln

Trump ordered a US carrier battle group into the gulf. The Saudis want Iran ‘defanged‘ and have called for ‘surgical’ US Airstrikes.

24 Hour Cable News Channels and Talk Radio Love War

Here come endless loops of jets leaving carrier decks. Pundits talking over shock and awe. Headlines across the bottom of screens showing US troops in Iraq.

Deja Vu All Over Again

Finally we have been through all this before. It did not end well. In fact it has not ended. The Iranians are not paragons of virtue but they are no Iraq or Afghanistan either.

In conclusion we ought to think about that before we’re snookered into another war.

(Editor’s Note: I refer to PPP when giving Iran’s per capita income at about 22,000 a year. In US Dollars it’s probably about 8,000 a year. In addition I gave Iran’s oil export total as 1.2 barrels a year. Even more it is roughly 1.2 million barrels a day.)

Sponsored by Whitetail Builders of Andover Minnesota and Reliafund Payment Processors

War-Rumors-Iran-Trump-Bob Davis Podcast 832

 

 

 

 

 

 

 

New Thinking-Grassroots Movements-Minnesota-Bob Davis Podcast 786

These days people often say, “Politicians never do what they say”. Time to focus on a new way of thinking about politics in New Thinking-Grassroots Movements-Minnesota-Bob Davis Podcast 786.

Focus On Minnesota

First of all, let’s focus on Minnesota in New Thinking-Grassroots Movements-Minnesota-Bob Davis Podcast 786.

All States Are The Same. Right?

Seems like we think all states are the same. Every state has McDonald’s right? We eat the same foods. Watch the same shows.

Different Settlers

Especially relevant all the states were settled at different times. Different kinds of people settled them. Consequently the politics of all the states are different.

Minnesota Quirk

Furthermore political scientists say Minnesota is most noteworthy for its political quirks. Minnesota can produce a Walter Mondale and a Jesse Ventura. Therefore for history on Minnesota’s unique progressive history, go here.

Ranching Versus Farming – Oil versus Taconite

In addition one of the common refrains of Minnesota Republicans is, “Why can’t we be more like Texas?“. It’s as simple as when the states were settled and who settled them. The difference between ranching and farming. Or, between oil and mining.

Passive Aggressive Behavior or Minnesota Ice

Truth is when it comes to politics in the land of ten thousand lakes, passive aggressive behavior rules the roost.

Political Movements Going Nowhere

Moreover republican homegrown political movements are reactive and scattershot. So, they aren’t very effective.

Special Interests Are Choking All Minnesotans

Finally, special interests and money have a choke hold on Minnesota’s politics. Public private partnerships. Chambers of Commerce. Insurance Companies. Non-Profits. Seven rich guys in Minnetonka. One-Issue-Charlie religious contributors. Certainly a grassroots movement has to be strong enough to overpower these interests.

Above all nothing will change until the advent of a dynamic and powerful grassroots movement. Even more a movement that can deliver votes and money.

No More Self Serving Republican Reptiles

Great movements don’t start with self serving pols seeking glory and fame. In conclusion and by definition is starts with the people.

Sponsored by Water Butler Water Purification Systems and the Citizens Council For Health Freedom

New Thinking-Grassroots Movements-Minnesota-Bob Davis Podcast 786