Podcast 360

Updates! The Correspondent’s dinner is a colossal waste of time, and discussions now center on how to fix it. How do you fix it when the news reporters who should be in Baltimore covering riots are ‘the story’ at a glitzy, hollywood style celebrity roast, including the President. How is the public to expect objectivity in its nightly news given that kind of display. NBC Nightly News, as predicted, has reportedly asked Brian Williams to find the door as more evidence of his ’embellishments’ emerge. Williams has done irreparable harm to NBC News. The Comcast-Time Warner deal is kaput. It can only be hoped complaints about customer service at both companies contributed to it. It’s starting to become apparent that the balance of power, when it comes to energy, is shifting in favor of the United States. Fracking made it possible, and today’s technology made fracking so efficient oil companies can scale them up or down at much cheaper costs, and exploration is cheaper as well. With the US the second or first largest oil producer, and controlling as much as ten percent of the world’s oil production, substantive changes in middle east policy are now possible. The new reality also extends to how we deal with countries like Venezuela and Russia, not just the Middle East. Minnesota Congressman Keith Ellison wants to end so called subsidies to the ‘evil’ oil companies. What are subsidies, what tax breaks and loopholes specifically apply here and who really benefits? Meanwhile real subsidies for wind power, ethanol, electric cars, light rail and rail roads that deliver the oil – rather than the Keystone Pipeline – continue. Who benefits? The top selling car at GM is not a gas-electric, or even the fully electric Volt. It’s the Suburban, Yukon and Escalade as people trade in their electric cars for SUV’s, now that gas is cheaper. The war on the car, the individual and independent-government-free living continues. Latest in the struggle is the Southwest Light Rail project now expected to cost Minnesota Taxpayers 2 billion dollars, which shocked and appalled Governor Dayton. The solution? Kill the project. The aging hippie governor and his 60 year old pals at the Hennepin County Council, City Councils and a duchy known as ‘The Met Council’ have a vision. That vision is our return to the early 20th century city utopia, where cars were scarce and trains carried people from residential areas of big cities downtown. Forget that those cities, at that time, were hardly utopias. The last, best hope of these statists is the Millennial generation, which they expect will move into downtown, thus populating the expensive (1500 to 3000 a month) high rise apartments, and drinking in the bohemian bars and coffee shops, and in general contributing to something called ‘the creative class’. Truth is, Millennials are moving to the suburbs and the exurbs because housing is cheaper, and there are yards for their new families. Babies and toddlers don’t prefer sitting in outdoor coffee cafes, riding around on bikes and getting tattoos. Is the statist dream of returning to the early 20th century city doomed? Sponsored by X Government Cars

Podcast 234

Market Plunge. If it wasn’t for Ebola, this week’s Market Plunge would be the top story and we’d all be talking about it. Was it really less than a month ago that President Obama said the market and economy had come roaring back? And this week the market gave back all the gains so far of 2014. Will it come back. Analysts aren’t so sure. As the rest of the economies in the world contract, all hope was placed in US economic growth which the fantasy world created by the media hyped. Bad retail sales numbers this week dashed those hopes. Meanwhile the world’s governments and central banks that depend on inflation to wipe away debts, are very concerned about disinflation turning into deflation. Are lower commodity prices a good sign, or a bad sign? In the final analysis, the US economy will probably not be enough to act as a counterweight to fading growth in the Euro Zone and China, even with lower commodity prices. The worry on Wall Street? Faltering demand among consumers. Surprise! While the President touts economic ‘recovery’ the number of Americans on SNAP benefits (in other words Food Stamps) skyrockets, the clearest indication yet that the newly employed are in low wage part time jobs, and those out of the work force may stay out as long as government programs pay them to. Not a good combination, and certainly not one that indicates dynamic growth. What’s going on? Steve Forbes has five suggestions that are pretty good. The upshot? We’re a long way from the kinds of radical reforms that will change the scope, cost and size of the Federal Government and get things back on track. It isn’t gridlock causing the problems, its the people. It’s our politics. How do we put away creaky old Keynesian concepts moderate Republicans, democrats and progressives have championed going back to the New Deal? How do we cut away regulation, spending and taxation and reduce government power, so that new decentralizing technologies can empower the individual to innovate, generate tomorrow’s successes, and power the US out of the malaise we find ourselves in? Yes, there are Republicans afraid of radical change just as there are democrats afraid to reduce the size and power of government. We have to stop expecting creativity, innovation and entrepreneurial instincts from politicians. News Flash! Your congressman is not Steve Jobs. Not by a long shot. Some ideas to consider when thinking about the other major story chronicling the failure of ‘big government’ these days; The economy. Sponsored by Depotstar

Podcast 102

I meant to post this Podcast in the early morning hours of 2/21/14, but a snowstorm knocked out the Internet! Back up and running and posting later on this day. In the midst of the storm, the big stories of the week and a look ahead. While Jack Frost ‘eats the profits’ of America’s corporations (nonsense, of course, economic data is still weak and they keep trying to find explanations for it, which get more and more absurd as time goes on), the FCC wants to put ‘researchers’ in newsrooms, there are some bright spots including getting ahead on Fusion Reaction, a ‘conservative’ new mayor in San Diego, California , the UAW loses a big one in Chattanooga, Tennessee, and a few thoughts on my favorite new show; House of Cards. Sponsored by The Good Feet Store.