Mike Davis
π€ SpeakerAppearances Over Time
Podcast Appearances
percent under Donald Trump, higher than even Biden, even though that he suffered through the COVID. So I was looking at the Dow when it's 37 or 38,000, it's pretty much where Biden was in 2023. And over the Biden and Trump eight years, it's gone up a hundred percent. It's gone from 1900, 1800 when Trump first entered office up to 38, a low point.
percent under Donald Trump, higher than even Biden, even though that he suffered through the COVID. So I was looking at the Dow when it's 37 or 38,000, it's pretty much where Biden was in 2023. And over the Biden and Trump eight years, it's gone up a hundred percent. It's gone from 1900, 1800 when Trump first entered office up to 38, a low point.
percent under Donald Trump, higher than even Biden, even though that he suffered through the COVID. So I was looking at the Dow when it's 37 or 38,000, it's pretty much where Biden was in 2023. And over the Biden and Trump eight years, it's gone up a hundred percent. It's gone from 1900, 1800 when Trump first entered office up to 38, a low point.
But if you look at wages, and this is what it's all about, even though the productivity over the last 50 years has almost doubled per worker, wages only went up 35%. Now, as far as the psychodrama goes, you and I are elites, and we understand that, but 10% of the country owns 93% of the value of the stock market. 50% are only invested at 1%. So a lot of this paranoia is that these people are
But if you look at wages, and this is what it's all about, even though the productivity over the last 50 years has almost doubled per worker, wages only went up 35%. Now, as far as the psychodrama goes, you and I are elites, and we understand that, but 10% of the country owns 93% of the value of the stock market. 50% are only invested at 1%. So a lot of this paranoia is that these people are
But if you look at wages, and this is what it's all about, even though the productivity over the last 50 years has almost doubled per worker, wages only went up 35%. Now, as far as the psychodrama goes, you and I are elites, and we understand that, but 10% of the country owns 93% of the value of the stock market. 50% are only invested at 1%. So a lot of this paranoia is that these people are
not making over a 10 year period what they think they deserve. In other words, their portfolios over the last decade went up by 80% and no longer at this particular point have doubled into 100%. But they're not interested on the people below who would have dreamed of having wage returns to be comparable to the stock market. The other thing is, and I don't understand this,
not making over a 10 year period what they think they deserve. In other words, their portfolios over the last decade went up by 80% and no longer at this particular point have doubled into 100%. But they're not interested on the people below who would have dreamed of having wage returns to be comparable to the stock market. The other thing is, and I don't understand this,
not making over a 10 year period what they think they deserve. In other words, their portfolios over the last decade went up by 80% and no longer at this particular point have doubled into 100%. But they're not interested on the people below who would have dreamed of having wage returns to be comparable to the stock market. The other thing is, and I don't understand this,
that they are not offering any constructive alternative. I keep thinking, well, maybe the left. I remember Bernie Sanders and Nancy Pelosi said that our policy toward China was a job loser. I remember Paul Krugman said he was a mercantilist. I can remember Warren Buffett writing that we are being wiped out by, that was 20 years ago, by asymmetrical trade.
that they are not offering any constructive alternative. I keep thinking, well, maybe the left. I remember Bernie Sanders and Nancy Pelosi said that our policy toward China was a job loser. I remember Paul Krugman said he was a mercantilist. I can remember Warren Buffett writing that we are being wiped out by, that was 20 years ago, by asymmetrical trade.
that they are not offering any constructive alternative. I keep thinking, well, maybe the left. I remember Bernie Sanders and Nancy Pelosi said that our policy toward China was a job loser. I remember Paul Krugman said he was a mercantilist. I can remember Warren Buffett writing that we are being wiped out by, that was 20 years ago, by asymmetrical trade.
So I'm waiting for all these voices to come up and say no. This is what we should do to address the $1 trillion annual trade deficit or the trade deficits that have been, without exception, continuous since, what, 1975 for a half century? They can either say, well, you know, trade deficits don't matter, and I'll tell you why. Or here's a better way of doing it.
So I'm waiting for all these voices to come up and say no. This is what we should do to address the $1 trillion annual trade deficit or the trade deficits that have been, without exception, continuous since, what, 1975 for a half century? They can either say, well, you know, trade deficits don't matter, and I'll tell you why. Or here's a better way of doing it.
So I'm waiting for all these voices to come up and say no. This is what we should do to address the $1 trillion annual trade deficit or the trade deficits that have been, without exception, continuous since, what, 1975 for a half century? They can either say, well, you know, trade deficits don't matter, and I'll tell you why. Or here's a better way of doing it.
Or yes, we're paying $3 billion a day in interest on the national debt, but here's what I would do. Or here's how I'm going to get to it. They don't do any of that, especially the left. So it's justβand then when you look at the whole totality of the Trump 80 days, it's, well, we went from 10,000 a day to zero on the border. Nobody said that was possible.
Or yes, we're paying $3 billion a day in interest on the national debt, but here's what I would do. Or here's how I'm going to get to it. They don't do any of that, especially the left. So it's justβand then when you look at the whole totality of the Trump 80 days, it's, well, we went from 10,000 a day to zero on the border. Nobody said that was possible.
Or yes, we're paying $3 billion a day in interest on the national debt, but here's what I would do. Or here's how I'm going to get to it. They don't do any of that, especially the left. So it's justβand then when you look at the whole totality of the Trump 80 days, it's, well, we went from 10,000 a day to zero on the border. Nobody said that was possible.
We've already identified $150 billion that everybody on both sides admits is probably waste and fraud already. For the first time in a decade, you can navigate through the Red Sea. The Houthis are pretty muchβ in withdrawal. Iran is completely emasculated. And somebody is talking about ending the Ukraine war, which instead of just We'll give them whatever it takes to the end.
We've already identified $150 billion that everybody on both sides admits is probably waste and fraud already. For the first time in a decade, you can navigate through the Red Sea. The Houthis are pretty muchβ in withdrawal. Iran is completely emasculated. And somebody is talking about ending the Ukraine war, which instead of just We'll give them whatever it takes to the end.