Booming US Economy-Reality Check-Bob Davis Podcast 811

These days Trump cultists love to talk about the booming economy. Time for a reality check. Learn more in Booming US Economy-Reality Check-Bob Davis Podcast 811.

Under 3 Percent

Especially relevant are Gross Domestic Product numbers from the 4th quarter of 2018. The average for the whole year is predicted to be under three percent.

Cherry Picking Numbers

Boosters like to cherry pick statistics. I like good old Gross Domestic Product numbers. They are released at the end of every quarter. GDP performance for each fiscal year is pretty hard to ignore. Especially when people say this president has ‘fixed’ the economy and worked miracles.

Just Because You Do Well Doesn’t Mean The Economy Is Doing Well

Moreover if I’ve heard it once I have heard it a thousand times. Saying your business is doing well does not mean the economy as a whole is doing any better than it has. The latest retail performance is a good example. This distinction is important only because the president wants us to believe he “blows Ronald Reagan Away”.

Objective Legislative Achievements On Economy

In Booming US Economy-Reality Check-Bob Davis Podcast 811 I objectively list President Trump’s few legislative achievements when it comes to the economy as well as his executive orders concerning the economy.

Hardly A Boom

In 2017 the US Economy grew by 2.2 percent. First quarter of 2018 was 2.2 percent. Second quarter 4.2 percent. Third quarter 3.4 percent. Fourth quarter 2.6 percent. Hardly a boom.

Not Even As Good As Obama

In contrast, President Obama’s best year was 2015, at 2.9 percent. Obama also presided over one quarter of growth of 5.1 percent, followed by another quarter of 4.9 percent growth. Better than Trump’s best two quarters so far.

Actual GDP Numbers

First of all growth is growth and we’ll take it. However, because of republican claims of great economic success, it’s time for a reality check based on actual GDP numbers.

And Obama Wasn’t That Good Either

At issue are claims by the president and his supporters he has done a fantastic job. Truth is so far his numbers are still about the same as Obama’s, which weren’t very good either.

We Pale In Contrast To The Early 80’s, Mid and Early 1960’s and 1950’s

Even more, all the numbers in our time pale in contrast to performance above 7 percent in the 80’s, high six percent in the 60’s and above 8 percent in the 1950’s.

Contrast our time with the 1980’s, 1960’s, or 1950’s.

What we’re living through is not a boom.

Republican Doesn’t Mean Conservative Anymore

Finally a republican in the White House does not guarantee ‘conservative’ economic management. Pushing for a weak dollar. Borrowing to stimulate. Trade Protection. Adding trillions to the national debt. More debt and deficit spending for ‘infrastructure‘ don’t seem like ‘republican‘ ideas.

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Booming US Economy-Reality Check-Bob Davis Podcast 811

Who’s Running This Country Anyway?-Bob Davis Podcast 762

In Who’s Running This Country Anyway?-Bob Davis Podcast 762, I wonder if republicans and democrats really stand for different ideas about the future.

The Deep State

It’s especially relevant that our government is so complex we have to worry about who is ‘running the country’.

Who Runs The Country?

Fact is, our elected representatives just operate the government. We run the country. Almost four hundred million Americans. Working. Raising families. Starting businesses. Going about our lives.

Failed Leadership From Both Parties

Most noteworthy? The people we send to Washington DC don’t seem to be able to actually run our government.

Same Coin Different Day

Because republicans and democrats prove every day they represent two different sides of the same coin. Find out why I say that, in Who’s Running This Country Anyway?-Bob Davis Podcast 762.

Borrow, Spend and Tax

As a result, one party borrows trillions for ‘public works’ and ‘programs’. The other borrows trillions for ‘tax cuts’ and spending on defense.

Your Uncle Sam Is A Deadbeat

Above all every year the government gets bigger and further in debt.

Distract High School Distract Rape Distract Drinking

Meanwhile the millionaires in Washington have us fighting about what happened to two high school kids 36 years ago.

Real Power? Who Cares

Due to this no one can be bothered to talk about the nominee’s views on executive power, enhanced interrogation or surveillance.

Dangerous Situation

The immense power of government is dangerous to all of us. Doesn’t matter whether you fly the red or blue flag. No one is advocating exclusively for liberty and freedom from these enormous government agencies. Certainly not republicans or democrats.

Limiting The Power Of The State and Liberty

In conclusion the whole history of liberal democracy has been to limit and control state power. We seem to have forgotten that growth in government power causes its inefficiency and creates the conditions that breed tyranny. Learn more in Who’s Running This Country Anyway?-Bob Davis Podcast 762.

Sponsored by Reliafund and Ryan Plumbing and Heating Of Saint Paul

Who’s Running This Country Anyway?-Bob Davis Podcast 762

 

 

 

 

 

 

 

 

Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702

Controversy in the wake of another mass shooting event distracts everyone from what is really important. Three key stories you missed, show how our government is ruining our future. In Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

Trump Supports a 25 Cent Gas Tax That Sucks Up Your Tax Cut

First of all while small business owners optimistically predict a booming economy a republican president has told democrat lawmakers he would support a twenty five cent increase in the federal gas tax on gasoline and diesel. There goes your tax cut!

Conservatives Spend More Than Obama

Especially relevant for fiscal conservatives is a four trillion dollar budget from the president. Moreover congress increased spending by hundreds of billions of dollars in the most recent continuing resolution. There are conservatives? In Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

Solution To Fools Getting Their News From FaceBook? More Regulation

What’s more in the wake of indictments for a score of Russians and a few Americans for allegedly manipulating ‘The Internet’ to influence the recent US Presidential election, both sides of the political divide want ‘regulations’. So much for free speech!

I Guess Spending And Debt Is The Republican Way

More importantly do not take these financial mistakes lightly. US government debt is nearly 20 trillion dollars. Americans themselves carry something like 13 trillion dollars in debt. Storm clouds are building in the bond markets. We’ll talk about it in Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

You Can’t Make America Great Carrying Trillions Of Debt

Americans cannot be self reliant and strong if they don’t figure out how to assemble the facts about what is known on any particular news story. We cannot make america great again if elected leaders can’t stop spending more and borrowing more.

Freedom Is In Our Genes And Other Myths

In conclusion the idea that ‘freedom’ and ‘democracy’ are in our genes is nonsense. We aren’t free if all of us ask the government to spend more, regulate more and ‘do something’ about every little problem. For me, the lack of principle of both political parties is shocking and dangerous. Unfortunately for so called ‘conservatives’ this lack of principle is most visible among republicans.

Find out what needs to be done and how to do it in Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702.

Sponsored by Ryan Plumbing and Heating of Saint Paul

Gun Control Fight Hides Important News-Internet-Spending-Taxes-Principles-Podcast 702