What Bush and the MSM hacks aren't telling you re Inflation - the other surge!!

[malaise]

http://news.bbc.co.uk/2/hi/business/7191970.stm
<snip>
US inflation for all of 2007 hit the highest rate for 17 years, as surging energy and food costs pushed up prices, official data has shown.

Consumer prices rose by 4.1% for all of 2007, up sharply from a 2.5% increase in 2006, the US Labor Department said.

The figures also showed consumer prices rose by 0.3% in December, down from November's increase of 0.8%.

Energy prices jumped 17.4% in 2007, while food prices rose 4.9% - their biggest increase since 1990.

[Angela Shelley]

1. Thanks malaise!

:-)

[malaise]

3. You're welcome

Good morning :D

[Demeter]

2. I Rather Think Inflation Was Higher

But then, I just pay the bills.

[malaise]

4. Don't we all n/t

[lapfog_1]

6. Remeber...

Core inflation numbers never include fuel and food. Two of the largest components of most people monthly budgets (excluding rent or mortgage).

[KillCapitalism]

5. I've got my dollars ready for next winter!

[malaise]

7. LOL

You'll need them.

[RC]

8. And they keep telling us that inflation id running around 4.5% or some dumb

shit like that. In reality it is and has been for some time running in the double digits.

[Loge23]

9. Economy still strong for them

The recipients of the Republican policies are still doing fine. After all, $100M+ still goes a long way.
While American corporations pay this much and more for bad managers to go away, the worker bees are seeing the infamous trickle down becoming a drip down.
In my home state, FL, we're in the slowdown for over a year now with no end in sight.
Ask anyone's opinion and you get the same bleak projection. Many people in FL are expecting much worse before it turns around again.
At this point, you don't need a crystal ball to predict the following:
We will see many small businesses fail in the next year.
We will continue to see record foreclosures and bankruptcies.
Inflation will surge to levels not seen in 30 years.
The dollar is serious danger of becoming another ruble.

Maybe, just maybe, this storm may wake this country up. I'm all for the multi-party system, but the Republican philosophy must be finally recognized for what it truly is: an enabling system for the elite.

[annabanana]

10. Maybe they figure they don't HAVE to tell us this. . .

Everyone is getting a crash course every week.. right in the pocketbook.

[SpiralHawk]

11. "Lies and obfuscation, that's our game." - Republicons & Corporate Media Propagandists

Lying bloviators all.

No one who is paying attention can trust the US Corporate Pravda...

[Warren Stupidity]

12. Inflation understated by a factor of 3.

If you want to know how bogus the current calculations are and why, start here:
http://www.financialsense.com/stormwatch/2005/0624.html

and/or google 'real inflation rate'.

[malaise]

13. Thanks

:hi:

[Loge23]

14. Thanks for the link

That's some website!
Very powerful analysis there..

[RUMMYisFROSTED]

16. -snip-

The caller was smart enough to know something changed and he was right. In the early 90’s the government realized it had a problem with rising entitlement costs for Social Security, Medicare, and government pensions. These entitlement payments were indexed by the inflation rate each year. With inflation on the rise it meant these costs were rising faster, thus making government deficits much worse. In order to bring the government deficits under control, it would be necessary to bring rising entitlement costs down.

One way to lower entitlements would be to bring the inflation rates down, which would translate into lower Cost of Living Adjustments (COLA). The way to do this was to bring down the rate of inflation. However, this was not done by natural means, but artificially through statistical manipulation. The supply of money and credit began to go parabolic in the 1990s as shown in the graph of M3. The rise in money and credit would mean higher inflation rates. Higher inflation rates would mean higher COLA adjustments, which would lead to bigger deficits.

[Mutineer]

15. Heard Olbermann say the other night that

it would just be a year or so that the economy would be in bad shape before it would spring back. I guess if I made multi-millions a year, I wouldn't understand the recession either. None of these not-so-useful iditos have a clue about what it's like to pay a mortgage, pay your bills, try to afford gas for your car, deal with the huge jumps in prices in just about everything.