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sirjohn Donating Member (186 posts) Send PM | Profile | Ignore Thu Dec-15-05 11:27 AM
Original message
Gas prices down, industrial production up
Finally some relief for the working people of America.


"Consumer Prices Plunge; Production Jumps
Associated Press
Thursday, December 15, 2005; 10:43 AM
WASHINGTON -- A record plunge in the cost of gasoline pushed consumer prices down by the largest amount in 56 years in November while industrial production posted a solid gain."
http://www.washingtonpost.com/wp-dyn/content/article/2005/12/15/AR2005121500344_pf.html
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SkiGuy Donating Member (451 posts) Send PM | Profile | Ignore Thu Dec-15-05 11:30 AM
Response to Original message
1. What country???
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sirjohn Donating Member (186 posts) Send PM | Profile | Ignore Thu Dec-15-05 11:32 AM
Response to Reply #1
3. United States
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ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:31 AM
Response to Original message
2. Idiotic Reporting
Since the consumer price index doesn't include gasoline in the first place, the impact of the sudden rise in prices wasn't documented with those same numbers.

So, we can't count the fall now. And, industrial production is still below the level of 1994 - 1999. So, that's a matter of "big deal".
The Professor
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trotsky Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:34 AM
Response to Reply #2
6. It's kind of like the analogy Bartcop has made.
Bush inherited a screaming fast car from Clinton. He immediately drove it into a ditch. A tow truck comes, pulls it out of the ditch, and every one of Bush's apologists comes out of the woodwork to say, look how much Bush has improved the state of the car from when it was in the ditch!
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ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:50 AM
Response to Reply #6
8. I Like It
Thanks Trotsky. I appreciate that analogy.
The Professor
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lectrobyte Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:33 AM
Response to Original message
4. WTF? A record plunge in the cost of gasoline? Did they forget
about the record rise? Here, gas went from 1.80 (12/04) to 3.40 (8/05), and has now "plunged" back to 2.20...
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ProfessorGAC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:52 AM
Response to Reply #4
10. See My Post
Since the CPI doesn't include the cost of fuel, then the drop is a canard, since it wasn't counted then and it's not counted now. We spend 70% of the year with fueld costs that add 1% to the total inflation number, and now when the number falls that's a good thing? Ridiculous.
The Professor
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dkofos Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:33 AM
Response to Original message
5. That is so last month
How will they fake the Dec. numbers.

Gas is up .30 here (north Tx) in last two weeks.
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Kansas Wyatt Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:36 AM
Response to Original message
7. Catapulting Propaganda
Rich get richer, poor get poorer, middle class disappears, and the working people are not allowed in the rich class in the Bush Doctrine. Cherry picking and spinning the numbers does not change that.
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trotsky Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:50 AM
Response to Original message
9. Hehe, you need to read your propaganda more thoroughly before posting.
The rise in industrial production reflected a 0.3 percent increase in manufacturing and a 4.8 percent surge in the category that covers oil and gas production, which is recovering as Gulf Coast wells and refineries get back on line. Output at the nation's utilities was up 0.3 percent.

In other words, the "solid gain" was caused by the refineries that were taken out by the hurricanes coming back online. It's as if you were treading water, someone pushed your head under, and then you bob back up. I don't think anyone would say you are in a better position than before you were pushed underwater.

The huge 0.6 percent fall in consumer prices last month followed a small 0.2 percent October increase which had come after a 1.2 percent surge in September, which had been the biggest monthly gain in a quarter-century.

Same thing here. Horrible inflation in September, and now prices are correcting themselves but still higher than before September. This is supposed to be "good" news? I guess along the lines of the old Minnesota saying, "Things could always be worse!"
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sirjohn Donating Member (186 posts) Send PM | Profile | Ignore Thu Dec-15-05 11:55 AM
Response to Reply #9
12. How are the temperatures up there in Minnesota?
Points well taken.
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WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 11:53 AM
Response to Original message
11. Gas prices down? They have gone up 25 cents here in the last
week.
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Skink Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 12:11 PM
Response to Reply #11
14. Stagflation is upon us now till the recession.
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gasperc Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-15-05 12:09 PM
Response to Original message
13. FU! Down? there are up over $.25 here in MI
WTF
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