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

Fireside Election Update-2018 Races Tighten-Bob Davis Podcast 769

Is the media is setting America up for another surprise on election night 2018? Learn more in Fireside Election Update-2018 Races Tighten-Bob Davis Podcast 769.

A Podcast Series On The Elections

I did a series of nine podcasts examining most of the toss up elections for 2018. To hear them go here. These days it amazes me that a lowly local podcaster can conduct an analysis envisioning what media jackals will talk about in the future. In fact that is what has happened.

Blue Wave Theory Challenged

Especially relevant are several house and senate contests which were supposed to be part of the ‘blue wave theory’. Moreover what seemed like a win in a walk for democrats have now become hotly contested challenges. Find out why in Fireside Election Update-2018 Races Tighten-Bob Davis Podcast 769.

In addition I’ll tell you how I did that series on the toss ups and how you can do the same thing.

They Were Always Close Elections

I have said all along that these elections were going to be close. Now major news organizations like CBS, the New York Times, Fox News and even Politico are suggesting republicans could win the midterms. What happened? Find out in Fireside Election Update-2018 Races Tighten-Bob Davis Podcast 769.

Non Partisan Analysis

Finally my podcasts on the midterm elections have been non partisan. That is, I don’t pick sides and I don’t make predictions. Because the media is so committed to predicting the future, it is missing some key stories.

Talk About Issues and Concerns Fireside

What about so called Pivot Counties? Will an improving employment and economic picture in Ohio, Wisconsin, Texas and Florida influence votes? What about traditional voting patterns in midterms? What about traditional advantages for the democratic party? All that and more in Fireside Election Update-2018 Races Tighten-Bob Davis Podcast 769.

In conclusion, by all means work for your party and your candidate. And vote.

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Fireside Election Update-2018 Races Tighten-Bob Davis Podcast 769

Podcast 577-Bob Davis Podcasts Radio Show-55

Podcast 577-Bob Davis Podcasts Radio Show-55. As the Trump Transition rolls on, it’s The Messiah Syndrome, Partisans Painting Themselves Into a Corner and False Narratives. Eight years ago people in this country thought Barack Obama would fix everything. Obama was a God. The new Messiah is Donald J. Trump. He is going to fix everything. He has been ‘chosen by God’. Trump ‘will be defended by God’. We ‘have to pray for him’. It’s always good to celebrate a victory, but the US Presidency is a political office. All the things that are supposed to get fixed become a question of what is possible with Congress, the Courts, the executive departments and the states playing a role. When it comes to political nuts and bolts Trump supporters and most republicans can’t be bothered. From day one Messiah Trump will be embroiled a political struggle. The clock is already ticking on the next congressional cycle in 2018. Gubernatorial campaigns are already underway in many states. Cabinet Secretaries and bureaucrats don’t come from central casting. Many of the people who end up filling those positions will not necessarily be ‘Trumpers’. Many of them are Washington Insiders. Then there are the many new voices on the so called right that have emerged in the last few years. Many of them wholeheartedly endorsed Trump and they will now have to defend him. Have they painted themselves into a corner? False Narratives are also spreading like a bad virus. How and Why Trump won the election. What the electoral college is supposed to do. Russia hacked voting machines. Whatever the ‘theory’, the idea is to keep us watching and distracted. The Facts of Life present a major challenge to the future of this country. US Debt levels are over 100 percent of the total economic output of the country. Federal spending continues to skyrocket. Entitlements like Obamacare, Social Security and Medicare will swamp the federal budget in the next decades and we have plans to spend trillions on roads and bridges? We’re also facing significant foreign policy and economic challenges in the next few years. Podcast 577-Bob Davis Podcasts Radio Show-55 takes a look at what we have to do to meet these challenges in the next few years. Shouting at people in an airplane aisle, memes and tweets will not work. Sponsored by Hydrus Performance, Ryan Plumbing and X Government Cars.