Market Goes Down Blame The Media-Podcast 631

Market Goes Down Blame The Media-Podcast 631

Sudden scandal engulfs Washington. A one day market drop is blamed on media ‘persecution’ of the president. Is this possible? Can the media cause a drop in the markets? In Market Goes Down Blame The Media-Podcast 631.

Russia Was A Dead Issue. Then Trump fired Comey

Not too long ago we were talking about ACA repeal, Tax Reform and Foreign Policy. The only people talking about Russians and Trump were the former Democratic Presidential Candidate and the new chair of the Democratic National Committee. Then, Trump fired the FBI director. That put Russia and Putin back on the front burner.

Trump’s Twitter Feed and Political Mistakes

Now, we’re talking about the latest White House debacle. Not congressional progress on key economic issues. Seemingly, without warning, the market is down! It has to be the media’s fault! Right? We’ll talk about it in Market Goes Down Blame The Media-Podcast 631.

Why Invest?

Investors put their money in markets in the hopes of taking advantage of future growth. With the election of a business man as president, some investors were willing to bet on the future. Health Insurance and Tax Reform. A stronger US Foreign Policy. Less regulation. Progress on the kinds of economic legislation that seeds growth. Or at least that’s the story.

Things Aren’t Getting Better

Truth is, the US economy has been holding in place for nearly ten years. While the markets have been fueled by central banks buying securities and low interest rates, main street has been struggling. The business man president who was supposed to fix main street has done nothing but make speeches, sign executive orders and complain about the media coverage he’s getting. Meanwhile, 1st quarter US Growth was a mind-blowing .7 percent.

The US President Is Not A King

Fact is, the US Presidency is not a dictatorship. US presidents are answerable to congress, the courts and the law, not to mention state and local governments. The presidency itself is mainly a political office. To be effective and memorable, a president’s agenda has to be backed up with legislation. That means the president has to work with congress to get it done.

Rhetoric Doesn’t Work

President Trump has a lot of ideas. He talks about them all the time. Talk is cheap. There’s no action on Tax Reform, ACA Repeal, the Budget, Regulation Reform and trade. Why? Not because of the media. We have a president who likes to talk. He doesn’t like to lead congress to take action. In Market Goes Down Blame The Media-Podcast 631.

Republicans Don’t Want To Talk About Politics Anymore

In January most republicans were on top of all the latest developments in Washington and their new president. They were especially prickly about criticism of Trump. Suddenly they have other things to do. Don’t want to talk about politics. Given the obvious missteps by the president it’s easy to forgive the desire to blame the media for all that is wrong. This time though, the blame lies directly at the president’s door.

Money Talks…Bullshit Walks

Traders want action. Not talk. Investors don’t make decisions on today’s news stories or rhetoric from the president. They’re looking out into the future and investing in future growth. The top political leader in the United States is President Trump. He sits astride a republican White House, Senate and House. Yet, he hasn’t been able to get anything done. Maybe that’s why the markets are down.

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Market Goes Down Blame The Media-Podcast 631

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Podcast 529

First Night at EAA. Sunday nights are load in nights for exhibitors, fly-ins, and media at the EAA AirVenture Air Show at Osh Kosh, Wisconsin. I always celebrate with a regular podcast, live from just under the control tower as we start a new week, on the First Night at EAA. It’s late. Everyone is asleep, but I am getting in the last few thoughts on the coming show, and new developments in the political world this weekend. Having just come from the RNC at Cleveland and witnessing the divisions in the Republican party firsthand, it’s a little weird to see the same kinds of fissures developing with the democrats at Philadelphia with the specter of the democrat establishment killing the grassroots too. Throughout this hot and stormy Sunday I’ve been thinking about a recent email exchange with a Trump supporter that says so much about American politics today. A gentleman who normally sends me great jokes via email suddenly swerved into politics exhorting me and a few score others on his email list to ‘vote Trump’. Why? Because Trump is going to get rid of NAFTA and the TPP and bring all the jobs back to the United States. I decided to press him to find out exactly why he thinks what he thinks and why he would take the unusual step of pushing his friends to vote Trump. It took several emails to learn he just ‘feels’ Trump is the best guy, Trump is like Lincoln, Trump knows what to do and he’ll do it, and don’t make me explain this stuff, google it. Then he asks me what I think of the questions I asked him! That serves as a debate in the land of Trump. A place where everyone gets what he wants, when he wants it, because Trump said so. A place where one bright morning a box will arrive from China and everyone will open it up and find a note that reads, “Sorry about taking your job at the bucket factory way back in 1997 but we needed it. Here it is back, slightly used but we hope you’ll forgive us”. There it is people. Donald J. Trump is going to get Uncle Joe his job back at Bethlehem Steel so he and Martha can buy back the 1993 Buick Regal, which the GM plant in Flint will be making again thanks to old ‘I’ll make the trains run on time’ Trump. I realized, while ordering coffee at the concessions stand next to the beautiful B-25 out here on the airfield, that there are a lot of 50+ children out there. Thinking is just too hard. Researching facts takes too much time. Actually learning the contours of an issue is a job no one wants. Lots of final thoughts — for the time being — on the convention, the resignation of Debbie Wasserman Schultz as the DNC chair, and the impending Trump presidency. Or not. Thank God I can talk about airplanes for the next few days! Sponsored by Hydrus Performance.

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Podcast 523-Jason Lewis

Podcast 523-Jason Lewis. Join Mobile Podcast Command Unit 8 in the Pan-O-Prog parade in Lakeville, Minnesota. If you’re running for office, or working for someone running for office, regardless of party affiliation, you’re walking in parades, driving in parades, or handing out literature at parades all over your district, and you’ll be doing so until right around State Fair time in the land of ten thousand lakes. The Panorama of Progress parade in Lakeville dates back to 1967. Lakeville is in the heart of Minnesota’s 2nd Congressional District where a big political fight is brewing. It isn’t a fight between republicans and democrats, but a fight between republicans. Four candidates are vying for the seat being vacated by the retirement of Congressman John Kline. The trouble started before the CD2 Endorsing convention when Kline endorsed Darlene Miller instead of Jason Lewis. Some believe Kline’s problem stems from comments made by Jason Lewis on The Bob Davis Podcasts regarding Iran and US Foreign Policy. I would urge critics to actually listen to what Lewis said by searching ‘Jason Lewis’ in the search window on my website (thebobdavispodcasts.com) rather than using liner notes or taking the so called party line. As it pertains to foreign policy, I have said many times, it’s going to take independent and thoughtful congressmen, senators, presidents, career diplomats, defense and foreign policy experts to develop a new foreign policy for the United States. The old plug-and-play approach to foreign policy, or the best of the 70’s, 80’s and 90’s strategies isn’t going to work in a multi-polar world. Military commitments have to be considered in the light of what the knock-on effects of those interventions might mean, something our government really didn’t do very well when the US invaded Iraq and Afghanistan. Some might argue, this is the root of what ruined the GOP’s chance to succeed George W Bush, or to limit Barack Obama to one term. In the aftermath of the Ron Paul revolution in republican politics, as well as wars in Iraq and Afghanistan, the development of ISIS, the Arab Spring, Syria, emerging economies, China and Russia, we need a new approach to defense and foreign policy. The problem is, as I have said, foreign policy doesn’t come out of a can. In this podcast, we ride in the parade with Jason Lewis supporters, who commandeered Mobile Podcast Command’s PA System (I didn’t care, I wanted to ride in the parade anyway, and this doesn’t constitute an endorsement. Jason is a friend of mine, and I think he’s great, but you go ahead and vote for anyone you want!) so you can hear a campaign in progress, and then we’re joined by Jason to talk about the campaign, the Primary Challenge on August 9th, focusing on trade and the economic challenges for everyday Americans, on a brilliantly sunny afternoon in July, in Lakeville Minnesota. Enjoy riding in a parade in Podcast 523-Jason Lewis. Sponsored by Ryan Plumbing and Heating of Saint Paul and Karow Contracting, Storm Damage Specialists.

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