Published: Monday, Dec. 3 2012 12:00 a.m. MST
Ah, the much vaunted "Christmas bump!" It's vastly over-rated. When
the economy is in the dump like now, any improvement caused by the bump is
praised beyond its real meaning. It's only after the holiday that the truth
comes out. That's when we discover spending increased, but less than the
previous year and several years prior. We hear that sales were disappointing
overall and other factors like home sales and gas prices diminished the effect
the bump had. The bump is the unwanted child of economic predictions. It pales
with its siblings, unemployment, household income, GDP, home sales and gas
prices. They are more reliable and get much more attention the rest of the year,
as they should. Over the years, I've often seen the bump praised more in a
bad economy that continued to remain such, than in good ones where it really
shined. That's politics folks.
Hopefully this means Utahns are getting over the re-election of Obama and
business owners won't just stand on the sidelines because Mitt didn't
win and they no longer have an incentive to be business owners. Almost four
weeks ago that seemed to be the major threat, confidence in Utah was in the
ditch, right? Liberty is gone, the American experiment is over, the US is
doomed, etc.Perhaps in hindsight that feeling was a bit of an
exaggeration. I can't blame people for being bummed about their favorite
candidate not winning. America continued to be America, even after
the evil feds forced us all to start using unleaded gasoline, taking on the roll
of the nanny state, saying lower amounts of lead were better for the health of
children. It looks like freedom didn't exactly die when the EPA used their
tyrannical powers to take away our freedom to use leaded gasoline.We'll be OK, folks.
Utah and Texas are the exception in the nation. Both have strong governors and
legislators which are mostly conservative. Much of the rest of the nation is in
a different boat. Take California for example. Terrible liberal governor and
legislature to boot which has bankrupted this state. Many other states are or
will be following California soon simply because of their socialist mind set - a
disaster in any environment. I suspect the federal government will "try"
to penalize or "normalize" both Texas and Utah and redistribute their
wealth to follow the new socialist mind set in this country which will destroy
those economies as well.
@ patriotWhat exactly are you driving at? Texas & Utah are the
pinnacles of normalcy & wholesomeness?p.s. You do realize that
Rick Perry is trying to put "price controls" on the cost of a Bachelors
Have you ever noticed that when Consumer confidence/spending are up that the Dow
I am not sure what recession people are in. From black friday whordes to people
willing to camp for days, seemingly with no adverse effects on their career or
personal life, to get the latest i thingy that's just like one they already
have, people seem to have disposable income.
That's a rather interesting spelling there: "whordes" - hard to
tell if it was intentional.
re:Mister Jby normalization I am saying that socialism is the
"new normal" in the US and both Texas and Utah are bucking that trend -
trying to save what is left of capitalism for as long as they can which
won't be for long. Misery loves company and it won't be long with
corporations and people flocking to Texas and Utah (as they are) before the
Obama administration brings both states to same lowly level as California -
bankrupt with forced entitlements.
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