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 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.

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