AMERICAblog: Inflation "not reflecting reality at the checkout counter"
Dave of the Jungle
· 1 year ago
"If you delete gas and food prices, the economic outlook is good."
Rab
· 1 year ago
The price of a barrel of oil is inflation itself, but in Shrubland thats good inflation....
OlderAndWiser
· 1 year ago
Slim pickings at the thrift stores these days, where more people hurting from gas prices are shopping...I'm all for it, though, it's just another form of recycling.
Lots of clothing stores are shutting down, too...guess they can't keep up with thrift store prices, even though they're all made in China or elswhere offshore. Guatemalan panties, anyone?
Rob Mule
· 1 year ago
not reflecting reality
I actually heard that bald CNN clown Ali Something say the rising price of a barrel of oil "doesn't matter" and that "nothing can be done" about the rising price. Some recent grocery figures: 4 apples=$5.20 1 lb organic asparagus = $4.99 3 boneless chicken breasts = $10.37 The new basic grocery rule, a companion to '$100 is the new $20', is basically everything's $5 and up. The spokesmodels still appear reasonably well fed...
Asshole Angelo Mozilo manages his email like he did Countrywide. He should be in jail.
Rob Mule
· 1 year ago
Mozilo's pockmarks will make him one of Hell's prettier demons...
ndtovent
· 1 year ago
"were not reflecting reality at the checkout counter." That's for damn sure!
DCinDC
· 1 year ago
Bush / McCain Lie!
jr
· 1 year ago
we have double digit inflation while helicopter Ben pretends we have 2 percent inflation
Wisconsin Liberal
· 1 year ago
Here in Northeast Wisconsin just got hit with $4.00 gas and alot of them still back the Republicans. Stupid SOB's will vote themselves into the poorhouse. And we ain't seen nothin yet.
nikto
· 1 year ago
I'd like to see a good, concise explanation in plain language, as to how the Gov't statistics that the Nation bases it's estimate of inflation on have been changed, to basically, OBSCURE the fact of inflation from the Public.
It's obvious there have been changes since the 70s.
Was the change in stat-keeping another "GIFT THAT KEEPS ON GIVING" from the Reagan administration?
What do they even base the estimate/measurement on these days, anyway? Spitballs?
If medicine was done the same way, you could have a smelly, rotting, long-dead corpse, and the Doctor would proudly announce, "He's doing great! He can go home now".
Can anybody sum up the changes in U.S. inflation stat-keeping?
Andrew
· 1 year ago
Nikto.....the short answer is relatively simple when summing up what the government in collusion with the Federal Reserve has done for decades and it's called manipulation or for lack of a better term, lying. The hand writing was on the wall a couple of years ago when the Greenspan Fed stopped printing the monthly M-3 figure which told the worlds investors just how many dollars the Fed was printing. That number today can be reversed engineered which brings us to a true inflation number which today is heading past 11%. You might wonder why a government would find it necessary to lie about these figures and again the answer is relatively simple. The dollar is the worlds reserve currency. so if your going to maintain control over the worlds markets through maipulation of both information as well as prices, then at all costs you have to keep on lying to the masses until you reach an inflection point and we're there. No longer can the government hide like the man behind the curtain in the Wizard Of Oz as the soaring cost of everything has gotten so high, that to say there is no or minimal inflation makes us the laughing stock to the rest of the world. Now the rest of the world has found a voice, and that voice is telling the US quietly that the game is over as more and more countries begin to break their dollar peg and back their own currencies with something of real value like silver and gold. In time the same will happen here and the first order of business will be shutting down the Federal Reserve and returining to a Constitutional Treasury and a return to real money just as President Kenndey tried to accomplish with executive 11101 and the creation of the silver certificate. it won't happen over night and may well take several years, but taking away the control of money from the Federal Reserve will be like driving a stake through the heart of a vampire, and the sooner the better.
You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time. – Abraham Lincoln
groovinator
· 1 year ago
An article in this month's Harper talks about how the government rigs these numbers and they're actually much worse than reported.
"The truth, though it would not exactly set Americans free, would at least open a window to wider economic and political understanding. Readers should ask themselves how much angrier the electorate might be if the media, over the past five years, had been citing 8 percent unemployment (instead of 5 percent), 5 percent inflation (instead of 2 percent), and average annual growth in the 1 percent range (instead of the 3–4 percent range). We might ponder as well who profits from a low-growth U.S. economy hidden under statistical camouflage. Might it be Washington politicos and affluent elites, anxious to mislead voters, coddle the financial markets, and tamp down expensive cost-of-living increases for wages and pensions?"
He goes on to say that current inflation is nearer to 12% using pre-1983 measurement criteria, and also provides an overview of the evolution of the criteria.
JMOHR
· 1 year ago
This is where a truly independent and professional press is required. Even without the use of manipulative tactics, economic indicators must be reviewed and interpreted. Even reliable indicators such as increase in income can be seriously misleading if not compared to other indicators.
We all know that income went up in the United States during the Bush II expansion after 9/11, However, an increase in average income means nothing if government policies skewed its distribution. Just as employment increases from the depth of a recession to current time means nothing. How did it compare to employment prior to recession? Did we add sufficient additional jobs to cover the increase in working age population? What has happened to our employment to population ratio?
We all know the answers to this. This has been the weakest recovery in modern history, Income distribution has been seriously skewed to the top percent of the population with the vast majority either stagnant or losing. Employment to population ration is down indicating that too much potential work force has been side lined.
These will have to be the facts used to face down McCain. However, these points have to be made in a such a manner to appeal to the average (and quite rightly) less economically educated voter. The stats must be led into with real life stories from those who have been impacted.
ShirleyGoodnessanMercy
· 1 year ago
I live and work in DC, and a year ago here everyone I knew basically liked and respected Hillary Clinton.
Today, everyone I know despises her. She has alienated everyone in this city which was once full of admirers.
Amazing.
gonzalez
· 1 year ago
These assholes lie right in front of Congress, and where is Congress? Being gutless democrats!
MNUSA
· 1 year ago
We are so being lied to. But after almost eight years of it, what else is new?
All Comments
Lots of clothing stores are shutting down, too...guess they can't keep up with thrift store prices, even though they're all made in China or elswhere offshore. Guatemalan panties, anyone?
I actually heard that bald CNN clown Ali Something say the rising price of a barrel of oil "doesn't matter" and that "nothing can be done" about the rising price.
Some recent grocery figures:
4 apples=$5.20
1 lb organic asparagus = $4.99
3 boneless chicken breasts = $10.37
The new basic grocery rule, a companion to '$100 is the new $20', is basically everything's $5 and up.
The spokesmodels still appear reasonably well fed...
http://www.bloomberg.com/apps/news?pid=20601109...
The world's biggest crap shoot.
http://pageoneq.com/news/2008/Saints_promotion_...
http://money.aol.com/news/articles/_a/countrywi...
Asshole Angelo Mozilo manages his email like he did Countrywide. He should be in jail.
as to how the Gov't statistics that the Nation bases it's estimate of inflation on have been changed, to basically, OBSCURE the fact of inflation from the Public.
It's obvious there have been changes since the 70s.
Was the change in stat-keeping another "GIFT THAT KEEPS ON GIVING"
from the Reagan administration?
What do they even base the estimate/measurement on these days, anyway?
Spitballs?
If medicine was done the same way, you could have
a smelly, rotting, long-dead corpse, and the Doctor would proudly announce,
"He's doing great! He can go home now".
Can anybody sum up the changes in U.S. inflation stat-keeping?
The hand writing was on the wall a couple of years ago when the Greenspan Fed stopped printing the monthly M-3 figure which told the worlds investors just how many dollars the Fed was printing. That number today can be reversed engineered which brings us to a true inflation number which today is heading past 11%.
You might wonder why a government would find it necessary to lie about these figures and again the answer is relatively simple. The dollar is the worlds reserve currency. so if your going to maintain control over the worlds markets through maipulation of both information as well as prices, then at all costs you have to keep on lying to the masses until you reach an inflection point and we're there. No longer can the government hide like the man behind the curtain in the Wizard Of Oz as the soaring cost of everything has gotten so high, that to say there is no or minimal inflation makes us the laughing stock to the rest of the world.
Now the rest of the world has found a voice, and that voice is telling the US quietly that the game is over as more and more countries begin to break their dollar peg and back their own currencies with something of real value like silver and gold. In time the same will happen here and the first order of business will be shutting down the Federal Reserve and returining to a
Constitutional Treasury and a return to real money just as President
Kenndey tried to accomplish with executive 11101 and the creation of the silver certificate. it won't happen over night and may well take several years,
but taking away the control of money from the Federal Reserve will be like
driving a stake through the heart of a vampire, and the sooner the better.
You can fool some of the people all of the time,
and all of the people some of the time,
but you cannot fool all of the people all of the time.
– Abraham Lincoln
Numbers Game: Why the Economy is Worse Than We Know by Kevin Phillips
http://tinyurl.com/4zvn2q
"The truth, though it would not exactly set Americans free, would at least open a window to wider economic and political understanding. Readers should ask themselves how much angrier the electorate might be if the media, over the past five years, had been citing 8 percent unemployment (instead of 5 percent), 5 percent inflation (instead of 2 percent), and average annual growth in the 1 percent range (instead of the 3–4 percent range). We might ponder as well who profits from a low-growth U.S. economy hidden under statistical camouflage. Might it be Washington politicos and affluent elites, anxious to mislead voters, coddle the financial markets, and tamp down expensive cost-of-living increases for wages and pensions?"
He goes on to say that current inflation is nearer to 12% using pre-1983 measurement criteria, and also provides an overview of the evolution of the criteria.
We all know that income went up in the United States during the Bush II expansion after 9/11, However, an increase in average income means nothing if government policies skewed its distribution. Just as employment increases from the depth of a recession to current time means nothing. How did it compare to employment prior to recession? Did we add sufficient additional jobs to cover the increase in working age population? What has happened to our employment to population ratio?
We all know the answers to this. This has been the weakest recovery in modern history, Income distribution has been seriously skewed to the top percent of the population with the vast majority either stagnant or losing. Employment to population ration is down indicating that too much potential work force has been side lined.
These will have to be the facts used to face down McCain. However, these points have to be made in a such a manner to appeal to the average (and quite rightly) less economically educated voter. The stats must be led into with real life stories from those who have been impacted.
Today, everyone I know despises her. She has alienated everyone in this city which was once full of admirers.
Amazing.