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Why are inflation rates propagated that don't include gasoline and food?

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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 08:14 AM
Original message
Why are inflation rates propagated that don't include gasoline and food?
Because if they did include gas and food, the middle class would have woken up to the true sorry condition of the economy a long time ago. How asinine! What 2 things do you absolutely have no choice about buying?

Some liberal rag somewhere should publish the REAL inflation rate every time we get the false one, as well as the REAL Unemployment figure. I get so tired of media talking nitwits proclaiming how strong the economy is when we have been limping along for years by buying cheap crap we don't need with equity lines on houses that now are worth less than the equity lines and the mortgages on them.

Neal Boortz the other day was reading blathering bs from some rightwing think tank that said that the problem with the economy is that the tax system doesn't reward people for investing and saving. This translates to: require even LESS taxes on dividend and interest income which would place MORE of a burden of wage earners as opposed to the leisure class of oligarchs who derive almost all of their income from dividends and interest. Oh, yeah, that's a great plan.

Fellow wage slaves, when the heck are you going to wake up? You deserve health care, you deserve decent incomes and at the very least, you deserve the TRUTH about the true state of things from your government.
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dysfunctional press Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 08:18 AM
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1. because the rabble has to be kept in line.
nt
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DFW Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 08:24 AM
Response to Reply #1
2. That's pretty much it in a nutshell
If you tell the people that the true inflation rate is about 11% they'll
go bonkers and "throw the bum out" won't just be directed at bad umpires.
Bush can't very well tell everyone that because the top 1% of the country
(the ones that couldn't care less if the price of everything doubles) is doing
fine, there is nothing to worry about. La vita è bella, right?
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jedr Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 08:35 AM
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3. the same way that road side bombings;
are now call vehicle accidents.......new-speak, so to speak!:crazy:
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mainegreen Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 08:36 AM
Response to Original message
4. Real GDP growth: 0%; Real Inflation:6%; Real unemployment:12%;
Don't believe the hype.
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Phoebe Loosinhouse Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 08:51 AM
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5. Oh, and did I mention the plummeting dollar or that the stockmarket is a Ponzi scheme?
Don't even get me started.

Overpaid CEO's and BOD's are essentially looting the assets of publicly held companies. Are they all given a copy of the Fitzgerald short story "A Diamond as Big as the Ritz" and then asked to write a report about how the Ritz is a small and outmoded example of what to aspire to? Why should I buy a stock that will dribble me a few measly dollars in dividends (maybe, if I'm lucky) while I pay for the CEO's gargantuan salary and stock options and his personal use of corporate jets and zillion dollar birthday parties with statues pissing champagne? Where is the word "fiduciary" in all this? As they they close American factories and decimate our local economies so that they can bring us cheaper products made by third world sweat shops that poison us. Good job, Captains of Industry!
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 08:54 AM
Response to Original message
6. The CPI has been bullshit for decades.
SS payouts are COLA based on the CPI, and from the Carter administration on all sorts of shennanigans with the CPI have been undertaken to keep it artifically low. On the other hand, DVD players are real cheap, too bad you can't eat them, drive them to work, or sleep in one.
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