Galt's Gulch

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  • Posted by Technocracy 9 years, 6 months ago
    More likely people had to use the money they would have spent otherwise to pay this year's higher taxes.

    I know mine went way up this year.
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    • Posted by richrobinson 9 years, 6 months ago
      I think part of it is fear also. ObamaCare has medical costs going up, the jobs market is not as good as reported and as you say taxes are going up. A lot of uncertainty out there.
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      • Posted by Technocracy 9 years, 6 months ago
        ObamaCare pain is only going to get worse.

        It is already negatively impacting quality and ability to get care in a timely manner. Don't be surprised when you go to a hospital you wind up in a group "observation unit" rather than a room.

        Taxes and fees related to it go up every year. The non-compliance fine doubles next year. As we all recall when originally written it would not reach full effect on the negative aspects until at least 2017.

        By design, after the 2016 election. Just in time to line up the following administration (whoever it is) with the blowback.
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  • Posted by ObjectiveAnalyst 9 years, 6 months ago
    Hello richrobinson,
    Galt help us if the politicians ever take any blame for their policies of mismanagement...
    Maybe the weather is to blame for the IRS Scandal or Benghazi... or...
    Regards,
    O.A.
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    • Posted by richrobinson 9 years, 6 months ago
      Good one OA. I have a customer who is an Investment Manager. One day i said the stock market had gone down and on the news they blamed events in the Middle East. he said that he had gas that day so maybe that was it. He said his point was that just because 2 things happen at the same time one did not necessarily cause the other. Blaming the weather seems a little weak to me.
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  • Posted by CircuitGuy 9 years, 6 months ago
    We had an average winter in my region. I don't think it affected GDP. The winter before that, (13-14) was brutal, but not this year's.

    Notice how they also blame lower oil prices. If oil prices had been high, they would have said that caused the lower growth.
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  • Posted by Herb7734 9 years, 6 months ago
    "Weak spending" is great economic forward movement to the Obama regime. In the days before Democrats became far left, such economic "progress" would not have been noteworthy enough to bother mentioning.
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  • Posted by wiggys 9 years, 6 months ago
    the manipulators of the government, that is those who we pay to run it are running us out of business and as such we will come to a grinding halt in the not to distant future. people are only spending money at this time on what they actually need to keep going. government expenditures are not being affected because the government keeps printing money as they need it or just issue checks at will even though there are no funds to support the amount that the checks are written for. it used to be a good sign for the economy when we had a cold winter, but that is not necessarily the case evidently today. when the second quarter ends and it is also weak what will the government economists site as the reason it was weak, yes the weather.
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  • Posted by XenokRoy 9 years, 6 months ago
    We are in a crux of contraindication.

    Weak economy has lowered income which has caused the government to lock down on tax loop holes and increase the squeeze, this reduced spending, except by borrowing.

    The only way to keep the system going is to have people take out loans. If people stop borrowing then the dollar will start to fail. Countries and banks are no longer buying our debt up, so individuals have been doing so. Thus the reason for the credit card bail out (allows people to get out of debt and then rack it up again) and the housing bail out which does the same.

    Now the boost from those programs is coming to and end and the government will have to steal from someone else to give the useful idiots the ability to accept loans in order to prop up a depression so it does not appear to be one for another couple of years.

    The only question is who will get ripped off this time?

    We are over the cliff financially and the government is simply attempting to move the ground down a bit further with each program. At some point the ground will no longer be able to be moved further away.
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