You feel it every day. Much higher prices in the things you buy all the time. Groceries, gas. And it transfers to so many other things...clothes, household goods, everything. We haven't seen inflation like this since Carter. Another Carter is in the White House. Only this one is worse. He keeps inflation rising by having Bernanke print ever more money. This is the reason - so he can continue to spend and cover it. But he can't cover it. It's in the misery index. We feel it. We see it. We'll toss him out this fall. You gonna vote for a pres who's making your life worse? Are you better off now than you were during the last administration? Are most people?
The dishonest attempts to hide inflation is what gets me. The same box of waffles that once had 12 in them now has 10. The price stayed the same. I see this kind of thing all over the supermarket.
I suppose all admin's spin things their way if they can, but this admin has taken it to a whole new level. They have no cred on anything.
Yes indeed. And the US is way better off now since Bush left office after running the country into the ground, economically and morally.
Interesting. Going by the summary of original report, it woudl appear that when they use an outdated method of measurement, they can achieve a higher inflation rate. http://www.aier.org/article/7557-epi-reflects-basic-economic-change To address this, we have revised the Everyday Price Index to allow for constantly adjusting weights. Weights are simply the proportion of your total expenditure that you spend on each good or service you purchase each month. Dynamic weights allow for day-to-day changes in consumer behavior related to price changes. This weighting results in a 2011 average annual inflation rate of 8 percent as measured by the Everyday Price Index, compared to a mere 3.1 percent from the CPI. (The unweighted EPI inflation rate for 2011 was 7.2 percent, as reported in the last issue of the Economic Bulletin.) Besides weighting, another factor that impacts long-term analysis is the emergence of new products and services. In 1997, the BLS significantly changed the list of goods and services that make up the CPI. Many new products, such as mobile phones, movie discs, and Internet services, were added. Other products were reclassified into new categories. Instead of tracking the cost of a long-distance phone call, for example, the new classification simply tracks the cost of telephone services. This partly reflects the emergence of long-distance telephone plans that no longer charged per minute but rather used a fixed fee. Isn't the more accurate way to measure year by year to simply go by the same methodology used the previous year? I mean certainly you can arrive at a different number if you change the parameters.
Well the issue is two fold. Add the stagnant and even declining wages and it is really hard on some people.
Anyone who's objective cannot say our economy is NOT in the toilet. Three years of Obama and we're much worse off. OMG, some people will stick up for him no matter how bad his leadership is. His solution: print more money. What an idiot.
Leftist policies and politics do not work, especially in a free country. You can't have an economy that is part incompetent Marxism and part free market. O'Bama's speech the other day to the auto unions was a pandering base speech that was not grounded in truth. Those industries should have been allowed to fail, they would have restructured and moved on. Those union contracts are inflationary makeing cars very expensive. Houses continue to decline in value, and gas prices are going to be astronomical, and food prices are on a steady rise as well.
Ayuh,.... 'n I see that orders for durable goods are fallin' like a rock,.... That's usually the leader in normal recessions... I guess we're just transitioning from what the Progressives call the Bush recession, into a full blown Obo Recession....
That is true. If you can find a coupon then you may do alright, but often cerial coupons are for cerials that you would not normally buy.
I thought your messiah was supposed to fix all this. As well as Gitmo and the war on terror. and our standing in the world? Are you sayin' he's not up to the job?
I agree you can cherry pick the numbers to make data look more the way you want it to for your political position, but why wouldn't you include things like clothing, household products, hardware, and things like that we buy all the time? Or the price of housing, for that matter?
Its Bush's fault! Jeez...O'Bama voters. But the left thrives on trite emotionalism empowered by the incomprehensable preference for igoring what is obvious to real Americans.
Once again, the sheeple bleat blame Obaaaaaaama. Because he obviously secretly goes into the Fed's OMC meetings and dictates money policy to them.
Try this on for size smartie... http://www.bloomberg.com/news/2011-02-17/consumer-prices-in-u-s-rise-more-than-forecast-on-higher-food-fuel-costs.html If a bird hit you in the face you'd say the feathers were soft.
You have not the slightest idea who drives money policy, it sure isn't President Soetoro and his faithful sidekick Geithner.
Good article. But if you think that the leftist O'Bama voters will look seriously at the truth, you are mistaken.
