A country club here in the KC metro is probably going to file bankruptcy. It’s been around since 1952. It’s membership has dropped 36% in the past 10 years. I want to believe that prosperity will come back and my kids will have the opportunities I had. But I see a “new normal” settling in: A philosophical stance that rejects the idea of prosperity because it increases our carbon footprint.
Yeah Country Clubs took a huge hit in Atlanta as well. Discretionary expense when times were tough that was easy to cut. Same thing for private schools who have seen applications drop.
The solution, in my opinion, lies in the federal government getting the hell out of the way so the economy can grow faster. The GOP is just as bad as the Dems.
Here is a quote from Dalls fed President Richard Fisher:
“It is my firm belief that the fault in our economy lies not in monetary policy but in a feckless federal government that simply cannot get its fiscal and regulatory policy geared so as to encourage business to take the copious amount of money we at the Fed have created and put it to work creating jobs and growing our economy. Fiscal policy is not only “not an ally of U.S. growth,” it is its enemy. If the fiscal and regulatory authorities that you elect and put into office to craft taxes, spending and regulations do not focus their efforts on providing incentives for businesses to expand job-creating capital investment rather than bicker with each other for partisan purposes, our economy will continue to fall short and the middle-income worker will continue being victimized, no matter how much money the Fed prints.”