Podcast 362

No Growth Economy. New numbers say the US Economy grew by only .2 percent. Yet still, the Federal Reserve says the economy should grow now in the second quarter. Never mind all the ‘experts’ predicted 2015 would be a ‘blow out’ year, and that they have been revising their predictions down all through the quarter, they were still way above what the numbers actually show. Excuses? They have a few. The weather. The work slow down at the Port in Los Angeles. The weather. The strong dollar. Did I mention the dollar? The US has now had quarter after quarter of slow, no, or only anemic growth, and yet the Obama administration and its apologists, and the bone headed financial media call it a ‘boom’. Meanwhile small and medium sized businesses all over the country know it for what it is. A no growth economy. Why do business writers believe things will change if the policies don’t change? Does the consumer really account for 70 percent of the economy? What if we’re using the wrong tools to stimulate the wrong things? What’s that old saw about the definition of insanity? Banks aren’t lending because they can make more money borrowing at the discount window, reinvesting in the stock markets. Companies aren’t investing because they’re buying back their own stocks. The US corporate tax rate is the highest in the world (by far), and the tax code is so complex it costs us dearly in productivity lost (while we comply with the tax code) and literally billions of dollars spent complying with its byzantine rules. Regulations of all kinds make it almost impossible for small and medium sized businesses to grow. What are the policy ideas we need to hear from candidates (which we’re not hearing) to fix the economy. It’s not about inequality. It’s not about ‘reformicon’ tax policies (which are actually democrat tax policies warmed over), or making the government work more efficiently. In this podcast, some ideas you may agree or disagree with, but it will definitely start you thinking. Sponsored by Ryan Plumbing and Heating and X Government Cars

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 353 – Sunny Lohmann

Live From Napa California. The road trip continues through California, stopping in Napa to do a podcast with Sunny Lohmann. A breathless romp through pop culture and current events. A road rage incident in the sun drenched wine drinking paradise, provokes a question about rage. What is the difference between Meme and Mime? As the tax deadline approaches, both Bob and Sunny struggle with their tax issues. Is it better to rush to file on the deadline, or file an extension? Some stories about the trip up to San Francisco and Napa using the Pacific Coast Highway, and the story of the Nepenthe in Big Sur, California. This was the weekend Secretary of State John Kerry tried to defend the so called Iran ‘deal’ that the Supreme Leader in Iran says isn’t a deal. The President defended the Secretary by citing his status as a Vietnam Veteran. What is the reality in Iran, and the reality of the Iranian political system? With the negative comments about the US from Iran, is this the new model for US Foreign Relations? If the Iran ‘deal’ collapses, the President can now say he tried. As Sunny says, it’s amazing that the President will talk to the Iranian leadership, and Raul Castro, but not Israeli Prime Minister Netanyahu. What is the effect of environmentalism is California? According to Sunny, environmentalism and recycling is a religion in the Golden State. Two Midwesterners talk about the difference between services in the Midwest and California. Sunny reacts to the White House picture of President Obama waving at the bottom of the arc of a rainbow as he boarded Air Force 1. Is this good for the President, or not? As we come to the end of an era in America, will the right be able to actually present an agenda? What will the real issues of 2016’s election be? Is the country asleep right now? And, if we are at the end of an era, what’s next? One additional bit of advice from a woman who moved from Minnesota to California with her husband and new baby. Sponsored by X Government Cars