Re: Feeling the bite of inflation

From: The Trucker (mikcob_at_verizon.net)
Date: 09/16/04 

Date: Thu, 16 Sep 2004 15:49:28 -0700

TATrader wrote:

> On Mon, 13 Sep 2004 11:48:50 -0400, "anon" <me@privacy.net> wrote:
>
>>...and this, when wages are under pressure...
>>
>>http://www.signonsandiego.com/news/business/20040912-9999-mz1b12bite.html
>>
>>"Over the past three years, the price of a pound of ground beef in San
>>Diego has almost doubled, jumping from $1.49 in the second quarter of 2001
>>to $2.93 this year,
>
> Oh my Tacos!!!
>
>> according to data from ACCRA, which produces quarterly
>>cost-of-living data for communities throughout the nation.
>>During the same period, energy costs have shot up more than 50 percent;
>>haircuts, 40 percent; cheese,
>
> Makes people fatter than they should be and increases our health care
> burden.
>
>> dishwasher detergent
>
> Crap, a few cents!
>
>> and soft drinks, 30
>
> Makes people fatter than they should be and diabetic and increases our
> healthcare burden. Maybe the government can tax that item like Alcohol
> and Tobacco in the future.
>
>>percent; gasoline, 28 percent;
>
> Hoping for an SUV tax.
>
>> auto maintenance, 21 percent; dry-cleaning,
>>22 percent; and movie tickets, 11 percent. "
>>
>
> Word!

You see, son, "economic growth" as claimed by Republicans waving the
GDP around is very very dependent on lying about inflation. If the
increase in the amount of money flying around in the economy (GDP)
is due to inflation (as it actually is, you see) then our economy
is probably shrinking (as it actually is). IOW, if the truth were
considered then George Bush would have already been out of a job
through impeachment. 

-- 
"I know no safe depository of the ultimate powers of society but
the people themselves; and if we think them not enlightened enough
to exercise their control with a wholesome discretion, the remedy
is not to take it from them, but to inform their discretion by
education." - Thomas Jefferson.  http://GreaterVoice.org

Relevant Pages

  • GDP: Lowest Inflation Rate in 5 Years
    ... GDP: Lowest Inflation Rate in 5 Years ... resiliency of the economy and prompted the thinned-out ... how the report treats the decline in corporate profits. ...
    (misc.invest.stocks)
  • OT GDP: Lowest Inflation Rate in 5 Years
    ... GDP: Lowest Inflation Rate in 5 Years ... resiliency of the economy and prompted the thinned-out ... how the report treats the decline in corporate profits. ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: OT GDP: Lowest Inflation Rate in 5 Years
    ... GDP: Lowest Inflation Rate in 5 Years ... resiliency of the economy and prompted the thinned-out ... how the report treats the decline in corporate profits. ...
    (alt.sports.basketball.nba.la-lakers)
  • Re: Good Bush economy
    ... Expectations are not reality. ... The gross domestic product, adjusted for inflation, increased at an annual ... Just yesterday I showed why GDP is a fallacious measure of economic ... But the growth rate for the economy still ...
    (alt.politics)
  • Re: NBC: Questions for Al Gore; by Dr. Roy Spencer
    ... To say the economy has been shrinking under Bush is insane. ... Overstated GDP growth has meant that the 1990 and 2001 ... 1986 and 1995 were missed completely in the formal GDP reporting process. ... The GDP is a large component of the National Income and Product ...
    (rec.music.artists.springsteen)