economic indicators Archives - The I Spy Radio Show

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

By Dr Mark | August 10, 2024 | Comments 0 Comment

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.

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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.

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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

We don’t know much about Kamala’s plans for the economy because she hasn’t done anything the last three and a half years. But when she ran for president, she endorsed a ban on fracking on fracking and the abolition of private health insurance.
- Note: She has now flip-flopped on those. And you can totally trust someone who lied to you about Biden’s mental health the last three and a half years. Right?
Kamala has no campaign platform (The Daily Caller, Aug 6, 2024)
Video: Kamala loves Bidenomics. (Citizen Free Press, via X, Aug 5, 2024)
Bidenomics is working, but Kamalnomics will be EVEN better (Morello, Aug 5, 2024)
Most Voters Think Kamala Will be WORSE Than Joe (GWP, Aug 5, 2024)
Kamala’s Silent on Market Crash (Breitbart, Aug 5, 2024); Harris has weak points (Just the News, Aug 5, 2024)
Trump Team Began Preparing this Commercial Several Weeks Ago: Deep Thoughts with Kamala Harris (Citizen Free Press via X.com, July 21, 2024)

Walzonomics would be Worse than Kamalanomics

Tim Walz signed a bill making Minnesota a “Trans Refugee State.” (Daniel Baldwin, via X, Aug 6, 2024)
Kamala’s VP pick Gov. Walz supports free college for illegal immigrants (Campus Reform, August 6, 2024)
Tim Walz rolls out the red carpet for Illegals. – ‘Sanctuary state’ Gov. Tim Walz gave illegal migrants taxpayer-funded health care, tuition, driver’s licenses (NY Post, Aug 6, 2024)
Harris VP Pick Greenlit Law Allowing State To Take Child Custody From Parents Who Oppose Sex-Change Surgeries (Daily Caller, Aug 6, 2024)
Jesse Watters: Tim Walz is a “trick pick.” Tim Walz let Minneapolis burn. (Fox News, YT Channel, August 6, 2024)

It’s the Government, Stupid | Troubling Economic Indicators Right Now

By Dr Mark | June 11, 2022 | Comments 0 Comment

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Show Summary: This week, it is all about the economy with Jonathan Williams from the American Legislative Exchange Council who is on to discuss some troubling economic indicators that the propaganda media won’t tell you about. Are we in the beginning stages of the transition to socialism…? Because this is what it would look like.

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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: June 11, 2022 | Guest: Jonathan Williams

This Week – It’s the Government, Stupid

“It’s the economy, stupid.”

That was the sign Bill Clinton had in the Oval Office. It was a reminder that what really mattered to people was a strong, growing economy, With jobs and opportunities, lower prices and a chance to live the American dream.

Now, with Biden residing in the office, it’s more like “It’s the government stupid.” Because instead of focusing on growing the economy, it’s all about growing government. At all cost.

But as with all government-run economies, we are quickly lurching toward a crash when the big government types will have a reckoning. Government-dominated economies never work.

You are living in the transition stages of a switch from capitalism to socialism. High food prices. High energy prices. Exploding inflation. High crime. And effort to remove guns from law-abiding citizens. This is what the entry to socialism looks like. And to see how it ends up, look at Venezuela.

Jonathan Williams: Troubling Economic Indicators

It’s always a pleasure to have our friend, Jonathan Williams, back on the show. Jonathan is the Chief Economist and Executive Vice President for Policy at the American Legislative Exchange Council (ALEC).

This week, we walk through the attempted coup of our economy, troubling economic indicators that warn of impending slowdown and potential stagflation. These aren’t some distant economic indicators. These are deeply worrying economic indicators here and now. Like in the housing market.

Be sure to check out the American Legislative Exchange Council and their yearly publication, Rich States, Poor States.

And we talk about some of ALEC’s other programs. Like their Education Task Force. Which has helped other states enact school choice. Can Oregon get it on the ballot? And get a win? (We’ll have Marc Thielman on next week to discuss the latest ballot initiative for school choice.)

And we talk with him about Oregon’s Republican candidate for governor, Christine Drazan, and what she ought to be focusing on in her economic platform.

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

Biden Administration Expected to Reinstate Price Controls, Bringing Back 1970s Gas Lines, Experts Warn (Epoch Times June 6, 2022)
Germans warned of further food price hikes: Soaring energy costs threaten the survival of farmers, the industry says (RT, June 8, 2022)
JP Morgan CEO Says There’s a “Hurricane” Coming for U.S. Economy, “You Better Brace Yourself” (Bloomberg News, via We Love Trump, June 2, 2022)
The First ‘Global Inflationary Depression’ Is Very Possible (Seeking Alpha, Mar 5, 2021)
Inflation Is Just Getting Started. (Peter Schiff, via YT, June 9, 2022)
- May CPI est 8.3%
- Oil over 122 per barrel
- Atlanta Fed’s GDP Q2 estimate is 0.9%
Welcome to communism where you arrest your political opponents: “FBI Raids Home Of Michigan GOP Gubernatorial Candidate And Whitmer Challenger, Takes Him Into Custody” (Daily Wire, June 9, 2022)