You just posted a huge mis vs the expected MoM drop of 2.2%.
How does it feel to have 3.6% less income in February vs January?
Can't buy as many iCraps now can you?
Even Walmart must be looking like Saks or Nordstrom to you people at
Are there any street lights, church A/C units, manhole covers, live
sub-station copper wire or other pieces of urban infrastructure left for
you to mine?
Yawn.... The bulk of the drop was due to the hike in payroll
taxes, back to what they were before they were cut in 2008
as a recovery measure. Another component was the
Democrats just raised the tax on dividends. So, most
companies being smarter than the Democrats, paid them
out in Dec so they could be taxed at the lower rate, ie it
shifted some income from Jan into Dec of last year.
Also note the consumer spending increased.
Another lesson here is that apparently personal income
can drop 3.6% without the economy missing a beat. But
if anyone dares to suggest that the govt cut it's spending
by that much, why it's gonna be the end of the world! Planes will
fall from the sky.....
LOL. I especially like the crap about how tiny budget cuts
are gonna screw up the whole air traffic system. President
Reagan fired ALL the air traffic controllers and the system
still worked. I remember the usual libs back then claiming
there would be air disasters, planes crashing. None did.
On 3/1/2013 11:10 AM, email@example.com wrote:
Bureaucratic sycophants could likely slow TSA down to a crawl to piss
off flyers. Obama has already gathered the Dem governors who probably
have the same instructions. How about the release of illegals in
Arizona before anything even happened?
I predict recession as we already had a down quarter at the end of the
year and this quarter does not look good. Anyone want to bet that Obama
doesn't blame it on the Republicans?
He already did. This morning after his brief meeting with the
Republicans, he held a press conference. He said it's all the
fault of just some Republicans in Congress. He said most
Republicans agree with him, just like the whole country
and he's talked to Republicans in
Congress who also agree, but won't go against the minority of
Republicans who favor the rich. And he said that in the months
to come we should all remember that every economic report that
comes out would have been better were it not for Congress.
Does that mean he's finally done blaming Bush? And the very
first reporter asked him if he accepts part of the blame for
sequestration. He gave an answer of all that he's done, how
the voters chose him, how reasonable he is, yadda, yadda....
In other words, he accepts zero blame.
Interesting that the WH is now at war with Bob Woodward.
Woodward is a lib, but apparently he's had enough of the lying.
He wrote a Washington Post piece about how sequestration
was the White House's idea, even though now they lie and deny
it. And he pointed out that the sequestration was specific to
SPENDING cuts only, it never was enacted with regard to
increasing revenue. He said Obama is now trying to move the
goal posts, by demanding that it include tax hikes.
For that, a senior Obama WH advisor called him up and told him he'll
regret writing that piece. Must remind Woodward of another
president he was involved with......
On 3/1/2013 2:59 PM, firstname.lastname@example.org wrote:
I heard the news conference. The R word has not happened yet but yes
he's blaming them for job losses etc already.
I heard soldiers might get latrine duty. What kind of army is this
anyway where they hire people to do jobs other than the actual soldering?
During Reaganomics, we had lower taxes, smaller government, and the economy
was good. I remember, cause that's about the time I started my business.
During Obama-nomics, we have endless campaign speeches. I have lost hope for
this great country, and all I have left is pocket change in the couch
Christopher A. Young
Learn more about Jesus
What I can't understand is how inflation is officially listed as so
low, but my car insurance, home insurance, grocery bill, and just
about every bill I pay has gone up substantially in the past year.
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