Posted on 12/30/2014 5:36:50 AM PST by thackney
> I met a guy one day when I was building buildings that had been a driller prior to the 86 bust. He said the bottom line of his 1040 was over $1 million the previous year. He was mowing and bailing hay. Ouch!
Been there. Income is more than 10 times less than that now thanks to The One’s “voodo” economic policies. I’ve met many in the same boat. We worked our tails off putting in much more time and effort than these 8 -5 (or 1 - 5 pm part timers) ever put in to get there and now all the freeloaders want to steal it all with The Great Scam (socialism and redistribution).
Having seen a few Booms and Busts, there seems to be a minority that actually hedge the Boom. Most just blow and go then wonder what the hell happened when the $ flow goes.
So now its the Oil Patch’s fault for finding too much oil and gas?
No producer or seller in any market sets the price, willing and able buyers do.
Sure did see lots of “pople living on shoe string budgets like us” buying everything in sight these last few months.
As always you are right on the money. For those who don’t know - Biz Insider is mostly a left biz paper. They love to knock things that work. TX may have a little less money in 2016 - the 2015 tax bill or 14 will keep things moving and this is legislative year so spending will be based upon lower oil prices for next two years. When you have things like Toyota moving in this new year and a thousand families a week all of this year - our biz cycle looks great.
> Sure did see lots of “pople living on shoe string budgets like us” buying everything in sight these last few months.
Unfortunately from OUR taxpayer money and I damn sure wasn’t one of them. I bought my wife a pair of cheap gloves and a pair of footsie socks for Christmas; she bought me a coffee cup from a place I like to go eat at. We really couldn’t afford to buy more and I’m happy with that; in fact, I loved the coffee cup and am very thankful because it’s something AI will actually use rather than a lot of the junk you normally get.. We had too many bills and not enough money flowing and we sure weren’t going to do the liberal thing and run our credit cards up.
“That and government regulations ;-)”
Well, this is why I have a mixed opinion on government regulations and the EPA. In the 50s, 60’s, it was pretty stupid that these “classic cars” were absolute death traps that weighed 1000 pounds more than they should have weighed and got nine miles to the gallon if they were just tuned up. There are plenty of cars driven by ordinary working people today that are faster than all but the rarest, most expensive cars of that era (with the air conditioning on, yet), while delivering 2-3 times the MPG with incredibly more safety features. Of course, they are twice as expensive, but they last much longer, given that up north cars would disintegrate in about five years of winter driving.
Maybe I’m just getting older, but I wouldn’t drive a car daily built before 1967, and I would hesitate to drive one built before 1970. Before 1968, most cars had a single-circuit brake system. Leaking brake cylinder=no brakes, period. And before the 1970’s, car doors had about as much metal between you and a 4000 pound vehicle coming in from the side as a refrigerator door has.
So, the EPA and DOT did a pretty good job at one time. Now that their mission is largely accomplished, they are always looking for “something to do”.
as a ex long haul trucker for 30 years,and all the money oil companys took from me i can’t seem to find any simpathy for them.
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