Tag: Biden economy

14-32 Crashes and Recessions | Bidenomics, Kamalanomics, and Walzonomics

14-32 Crashes and Recessions | Bidenomics, Kamalanomics, and Walzonomics

By | | Comments 0 Comment

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Spotify | Amazon Music | TuneIn | RSS | More

Show 14-32 Summary: Why talk about economics? Because the number one issue for most voters is economics. So if you want to influence how people might vote, you need to know the economic issues at stake and the differences between a Trump administration and a Kamala one. Poor jobs numbers caused the recent stock market crash. Was it just the unemployment numbers and the triggering of the 100%-accurate Sahm Rule that indicates we’re in a recession? Or did the economy not have faith in the guy with dementia allegedly in charge of it? Expect more downturns if Kamala and Walz get elected. The single best answer to Bidenomics, Kamalanomics, and Walzonomics is something we know works: Trumponomics.

I Spy Radio Coverage Map as of April 2024
Current I Spy Radio broadcast areas. Click for full-size map.

The I Spy Radio Show airs weekends, seven times over the weekend, on seven different stations. Listen anywhere through the stations’ live streams! Check out when, where, and how to listen to the I Spy Radio Show. Podcast available Mondays after the show airs on our network of stations.

Original Air Dates: August 10th & 11th, 2024 | Guest: Jonathan Williams

This Week – Bidenomics, Kamalanomics, and Walzonomics

This week, it’s about economics, a topic that surveys repeatedly show as being the number one or near the number one issue for voters. We talk with Jonathan Williams from the American Legislative Exchange Council to take a look at the stock market crash beginning Friday August 2nd and rolling over to Monday. And the lingering jitters as a result of it. Are we one market correction away from a major recession?

Then we look at Bidenomics, Kamalanomics, and Walzonomics — all of which get progressively worse because each of those is further left than the previous one. Reagan once said, “The nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” Although we might have a new contender for the one- most terrifying word — Kamalanomics.

We don’t know what Kamala thinks. We don’t know if she thinks or is just spouting what other people tell her to think. But she has said she “loves Bidenomics!” and that she will get rid of the Trump tax cuts on day one if elected.

If you thought Bidenomics was bad, Kamalanomics will crush you. And Walzonomics would be even worse because he’s an avowed socialist.

Well. The answer to Bidenomics, Kamalanomics, and Walzonomics  is something we know works. Trumponomics. So we also take a look at some of Trump’s solutions. But with so much to talk about, time ran a bit short so we’ll have to take a look at his solutions in more depth on a future show.

Socialism is Not Neighborliness

Sorry Governor Walz, socialism is not neighborliness. Socialism is not kind. Socialism is not neighborly. Not even close.

Socialism is about total government control. It is the nationalization of the economy. And that only happens through the control of resources and the means of production, which happens through the end of private property. And if you don’t like it, socialism is imposed at the end of a gun.

Do you threaten your neighbors with guns, Governor Walz?

Our founders knew that without private property there really is no freedom.

Socialism deprives people of their incentives to do better. Their desire to succeed because it punishes those who try — as more and more “neighbors” lay their claim to someone else’s success and demand their piece of it bec they have been told they are entitled to it

I don’t know what kind of neighborhood you live in, Walz, but most neighbors I know don’t think that they are entitled to take someone else’s lawn mower.

The I Spy Radio Show Podcast Version

Trapped under a heavy object? Missed the show? Don’t worry—catch the podcast version. Mondays, after our network of radio stations have aired the show, I Spy Radio is now available on your favorite podcasting platform, or you can grab it right here. See the full list of podcast options.

Show Notes: Research, Links Mentioned & Additional Info

  • Jonathan’s organization is ALEC – the American Legislative Exchange Council. Find out more at ALEC.org.
    • Encourage your representatives to join ALEC! There are state and city memberships. Help elected officials understand economic problems and the real solutions available to get out of them! Send them this link: https://alec.org/membership/.
    • And you too can join as a private-sector member!
    • You can follow Jonathan on Twitter at @TaxEconomist.
  • Head to Rich States, Poor States to see how your state is doing. And for a taste of what Kamalanomics and Walzonomics would be like, check out how badly Minnesota is doing under governor Tim Walz. (Hint: worse than Oregon!)
  • Check out Trump’s platform, “Agenda 47.” A 20-point plan, much of which focuses on the economy.

The Stock Market Crash and Recession

  • Dow drops 900 points, Nasdaq craters 2% in global market rout (CNBC, August 5, 2024)
    • Fears of a U.S. recession were the main culprit for the global market meltdown after Friday’s disappointing July jobs report.
  • Stocks routed in Asia, tumble in Europe as markets fear U.S. recession in wake of weaker than expected jobs report (CBS, Aug 5, 2024)
    • Japan’s benchmark stock index plunged 12.4% on Monday, compounding a global market rout set off by investor concerns that the the U.S. economy could be headed for a recession.
  • This recession indicator is flashing red, but the ‘Sahm Rule’ creator says ‘this time really could be different’ (Fortune, August 2, 2024)
    • “The Sahm Rule’s accuracy rate is 100% going back to every recession since the early 1970s.”
  • Unemployment Rate Spike Triggers ‘Sahm Rule’ Indicator, Signaling Potential US Recession (The Epoch Times, August 5, 2024)
  • Fury as Biden tries to defend his record – as stock market meltdown intensifies in afternoon trading in blow to 401(K)s (UK Daily Mail, August 5, 2024)
    • “Wall Street’s most watched gauge of investor anxiety logged its largest ever daily jump on Monday. [The Cboe Volatility Index or VIX] hit the highest level in four years — when it last spiked as Covid shut down the economy.

Kamalanomics

Walzonomics would be Worse than Kamalanomics

 

The Biden Economy Rewarding America's Enemies
12-50 The Big Spend – Economics Don’t Matter in the Biden Economy

12-50 The Big Spend – Economics Don’t Matter in the Biden Economy

By | | Comments 0 Comment

Podcast: Play in new window | Download

Subscribe: Apple Podcasts | Spotify | Amazon Music | TuneIn | RSS | More

Show Summary: This week, with Christmas and all the spending in the air, we thought we’d take one last look at the economy for the year. And the Biden economy looks like Christmas in another way: It’s the government playing Santa with your money. Or, as we like to call it, the Big Spend. We look at the Biden admin’s missteps on the economy. How bad are they? And will things get better before they get worse? And how soon is worse? Are there any positives out there and how much staying power do they have? Plus, a big focus on the massive debt, which is coming due for another massive expansion. But, it turns out, we’re in a lot more debt than advertised…

Coverage Map of I Spy Radio Show broadcast areas, as of June 2021
Current I Spy Radio broadcast areas. Click for full-size map.

The I Spy Radio Show airs weekends, six different times, on seven different stations. Listen anywhere through the stations’ live streams! Check out when, where, and how to listen to the I Spy Radio Show. Podcast available Mondays after the show airs on out network of stations.

Original Air Dates: December 10th & 11th, 2022 | Guest: Jonathan Williams

This Week – The Biden Economy

We get criticized for being critical of the Biden administration’s economic policies. Well, we’re not the only ones. Major financial institutions are projecting a huge downturn next year. And not just here but all across the world—in part because things look so bad here.

This week, we welcome back Jonathan Williams to discuss the Biden economy. We review the missteps by the administration, which, unfortunately, started on day one. And haven’t been corrected yet. Like their attack on the energy industry and especially oil. In fact, they’ve done everything they can to try to avoid taking responsibility. How? By running to Saudi Arabia and even Venezuela. Anything to avoid re-opening and encouraging energy and oil production right here in America.

And why is it that in the Biden economy, we keep rewarding America’s enemies?

Check out Oregon’s Debt Clock (brought to you by the National Debt Clock). Did you know (as of this writing, Dec 10, 2022) that Oregon has $48.463 billion dollars of debt?

ALEC and ACCE

The American Legislative Exchange Council, or ALEC, works with state legislators and policy makers in the 50 test tubes of democracy. ALEC focuses on sound fiscal and economic policies to improve state revenues and the states’ economic performance and outlook.

But there is also ALEC for the local level: the American City County Exchange or ACCE (pronounced “Ace”). It’s not just state legislators who deal with budgets and fiscal policies. Counties and cities do too. And county commissioners, mayors and city councilors are all pressured by left-leaning organizations (well-funded ones, we might add) to spend, spend, spend. Especially, as it happens, on far-left ideologies and allies. Help your local officials fight back. Encourage them to join ACCE to get access to policies and more to make the right decisions.

In the Biden economy? They’re going to need all the help they can get.

The I Spy Radio Show Podcast Version

Trapped under a heavy object? Missed the show? Don’t worry—catch the podcast version. I Spy Radio is now available on your favorite platform, or you can grab it right here. See the full list of podcast options.

Research, Links Mentioned & Additional Info

  • Jonathan Williams is the Chief Economist and Executive Vice President of Policy at the American Legislative Exchange Council. Find out more by heading to ALEC.org.
    • Be sure to check out some of Jonathan’s articles, below
    • On Twitter? You can follow Jonathan @TaxEconomist
  • Check out ALEC’s Model Policies. These policies are designed to push back against woke Leftism, which are more about politics than economics. Two we especially like:
  • Encourage your local officials to join the American City County Exchange — ALEC for the local level!
  • “Colorado Offers Gold Standard for Fiscal Restraint: ALEC in National Review” (National Review, Nov 3, 2022)
    • TABOR [Taxpayer Bill of Rights] represents a fiscal-policy achievement Coloradans should be proud of and defend.
  • Jonathan Article #2 – The States Move Forward with the Flat Tax (National Review, July 22, 2022)
    • The flat-tax revolution will continue to gather speed as more states begin to realize the competitive benefits earned by a simpler and fairer tax code.
    • The prudent policy choice for states is to enhance competitiveness, then examine spending priorities and create policies to prepare for the proverbial rainy days, rather than relying on the federal government to save the day during revenue shortfalls.
  • Jonathan on American Radio Journal (Dec 3, 2022)
    • Congress is looking at another debt-ceiling bailout; this after a 2.5 trillion increase just a year ago
  • Oregon’s Debt Clock – $48.5 billion ($11K per person; Debt to GDP ratio is 17.6%

Mentioned During the Show

Additional Research & Related to the Biden Economy