The Bob Davis Podcast

Podcast 268

Not 1995! Lots of stories in the news about real estate and consumer culture, and the state of retail. Its starting to feel like the business models that have propelled us from the 90’s aren’t working so well anymore. Now analysts wonder why millennials aren’t buying homes. Zillow theorizes that people are trapped in a high rent situation that prevents them from saving for a home down payment. There’s a greater question though. While we have been subjected to one rosy scenario after another about housing’s comeback — which really hasn’t materialized —  when repairs, taxes, assessments, interest and other costs of home loans over thirty years are considered, do you think owning really that much economical? With millennials burdened by student loans, the specter of higher lifetime social security costs and poor quality employment, is anyone really that surprised they’re not in the home buying mood? Then, when you consider higher spending and debt levels, and the pension commitments for state and local governments, would you say you think taxes will be going down, or up? Potential buyers are also factoring this in, and the cost of the urban utopia created by subsidies, federal spending and higher taxation. Finally, have you priced homes in these urban utopias millennials supposedly want to live in? By the way, a new survey says the one thing people ‘blow’ their budget on these days is eating out, all the more expensive in the ‘urban utopia’, ruled by broke hipsters. When millennials finally do start families, they’ll be looking in the suburbs for housing because its more affordable. Then there’s the retail question. This week congress decided not to tax purchases made on the Internet, much to the chagrin of retailers that have been manhandling their legislators to push for a tax to ‘even the playing field’. More and more there are examples of how retailers want to use law and licensing to fence off competition. Meanwhile their business models suck. Poor service, high prices, snooty attitudes; It’s no wonder people want to buy things on line. Uber’s fight to get into Portland and New York City are just two examples; There taxi drivers try to fence off competition by selling ‘licenses’ rather than providing a service people want. We’re on the cusp of big changes when it comes to consumer culture in America, and it’s a good thing. Sponsored by Ryan Plumbing and Heating of Saint Paul and by Depotstar. 

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Podcast 242 – Governor Scott Walker

Governor Scott Walker. The Wisconsin Governor joins the Bob Davis Podcasts. We caught up with Walker, campaigning in Somerset, Wisconsin in the finals days of the 2014 campaign. Supporters talk about why they believe in Walker, and the differences between Minnesota and Wisconsin politics. As the final days of the race tick by, a new poll shows Walker leading by 7 points. For most of the race, it has been a see-saw with little more than a point separating Walker, or his opponent Mary Burke from the lead. So far, the race has been too close to call. With the President, First Lady and former President Bill Clinton campaigning for Burke, and the Unions pouring cash into attack TV ads and ground game, this will be one of the most interesting races to watch on Election night 2014. Not only is the race important for Wisconsinites, this is probably the one gubernatorial race in the United States that commands national attention. Most of the focus of Election 2014 coverage has been the US Senate. With Republicans sure to add to its majority in the House of Representatives, the story line has been that the party will manage to pick up 6+ seats in the Senate races, to regain control of the US Senate. The Bob Davis Podcast hasn’t talked a lot about local races, so this is a departure. What makes it interesting is the similarities between Minnesota and Wisconsin, and the clear differences. Both states have a large number of rural counties that vote republican, with a few urban centers that vote democrat. Scott Walker and Republicans in the state Assembly have been able to overcome a disadvantage Minnesota Republicans so far haven’t quite figured out how to do. Walker’s supporters — some of them former Minnesota residents now living in Western Wisconsin — offer a glimpse into how politics in the two states differ. At first blush, its passion combined with a candidate that offer hope and a chance to win. How does Walker do it? Perhaps it is his willingness to take big risks to reap big rewards. Another factor may be grassroots support and organization, that generates votes and contributions consistently. In states with seeming democrat locks, due to large urban populations, the focus needs to be on smaller, medium sized cities, and counties where town government, school boards, and county governments suffer at the hands of a progressive government that must tax and regulate to meet altruistic obligations and to cover the costs of union pay and benefits. Western Wisconsin, in particular, is home to many small and medium sized businesses that serve Western Wisconsin and Eastern Minnesota (The Twin Cities Metro). Although it might be sacrilege to suggest it, the Gopher state might take some lessons — at least politically — from the Badger state. Sponsored by Ryan Plumbing and Heating of Saint Paul. 

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Podcast 190

Ebola! Can Ebola be transmitted through the air? Are Republican Congressmen spreading panic by suggesting illegals coming from countries with a history of Ebola outbreaks, could bring the disease into the United States? Is it wise to bring Ebola infected Americans back to the United States for treatment? Is the outbreak a ‘false flag’ attack, like everything else that happens? Do you know how to treat Ebola if you get it. Meanwhile, there are two potentially far more dangerous problems brewing with Russia and Ukraine, and The Islamic State. Russia has beefed up their troop strength on the border with Ukraine, while Armenia (supported by the Russians) and Azerbaijan (supported by NATO and Turkey) are clashing. The Islamic State has control of a Dam in Northern Iraq, and oil fields in Syria. What’s ‘The West’ doing? Nothing. What’s the remedy for US companies moving their HQ’s to low tax countries like Ireland and the Netherlands? How about an loyalty oath? Sound a little…fascist? It’s the latest suggestion from the Left on how to ‘make’ US Corporations pay their ‘Fair Share’. And what about the Economy? 4 percent GDP growth is good, but if you average 1st Quarter and 2nd Quarter growth you get about .9 percent. Still, moribund growth at best. While Obama can crow about it, we’ll see if he is crowing about it later this fall when 3rd quarter numbers are released. And, is the coldest summer in a long time depressing people? Sponsored by Autonomous Cad.

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