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Inflation, by the government's own numbers which tend to under report it, reached over %10 during the bush administration (and has been probably over %20 for mo
by MCRed 12y ago
Inflation, by the government's own numbers which tend to under report it, reached over %10 during the bush administration (and has been probably over %20 for most of the Obama administration.) "Inflation" as reported by CNN et. al. every quarter is a propaganda number that has all of the key inflation indicators taken out of it and is effectively watered down. (making it so that you can't even compare it from one administration to another.)
- bpodgursky 12y agoEven the most cursory analysis makes it obvious your numbers are ridiculous. 20% inflation during 6 years of Obama would make items, on average, 3x as expensive as they were in 2008-- is your food 3x as expensive? housing? gas?
- anonbanker 12y agoMine is. I don't know about the rest of the country, though.
- Frondo 12y agoI'm curious where in the country gas costs $9/gal now. In 2008, it was around $3 across the country. I'm also curious where in the county a loaf of bread is now $3-4, and I mean the cheap white/wheat bread that used to cost a buck and change (and still does here). Housing, I know it's gone up a lot, but even so, 3x? Can you provide any hard numbers on the 3x increase in gas, housing, and food?
- jsprogrammer 12y agoI'm not sure he was talking about an annualized rate. On a sidenote, why is economics so wrapped up in astrology?
- anonbanker 12y agoI moved to Canada. Due to NAFTA/CAFTA/SPP, Mexico, Canada and the US are the same country now. The prices mentioned are exactly in-line with what I'm paying overall, though gas has gotten to around $3.10USD/Gal recently. Food prices are astronomical, and labor wages are flat/stagnating.
- Frondo 12y agoWe were talking about the cost of goods in the US. I guess if you want to compare the situation in the US in 2009 with the situation in Canada in 2015, then, ok, but it's hard to see what point you're actually trying to make then.
- anonbanker 12y agoCanada is the US, post SPP. so yes, we're talking about the costs of goods in the US.
- Frondo 12y agoI think you're probably using an idiosyncratic meaning for "in," so we may be at an impasse for going further with this discussion.
- anonbanker 12y agoit all depends on what the definition of "we" is, I suppose.