Quote:
Originally Posted by Winter_Sucks
Last night at the GOP debate Newt called Bernanke the "most inflationary" Fed chairman in history. This may be a good applause line in a fact free debate, but if he simply checked the numbers he would see that inflation is extremely low currently. Inflation is lower now than when Greenspan was Fed chairman.
I guess the question we all should be asking is if Newt can't even look up basic facts, then how would he be able to run the country?
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have you seen prices in the store...REAL infaltion is not low
the 'government reported' inflation is low
REAL NUMBERS tell a different story...especially for seniors on fixed incomes
in 2002, cotton was $39 per pound. feb 2011, cotton hit $213 per pound.
in 2002, soybeans were $160 per metric ton, now $524
in 2002, silver was $450 per troy ounce, now $3,085
in 2002, domestic sugar was $5 per pound, now $29.
in 2002 zinc was $770 per metric ton, now $2,473
many things are costing 100% increase in the last 4 years
there is the reported inflation and COST INFALTION
a 3lb can of coffee(maxwellhouse or foldgers) in 2004 $3-$4.....now a 2.1lb can of coffee $8-10(just saw in one store ($12)...that's a 400% increase in less than 10 years
a half gallon of breyers icream in 2004... 2(two) for $5...today a 1.5 quart for $6
inflation has been near 15% for the last 3 years
look at the prices in the stores
have you benn to the store
prices are going up, and up
coffee is double what it was 4 years ago
coffee up
sugar up
cotton up
corn up
all other vegitable up
all meats up
almost everything us up
REAL INFALTION IS CURRENTLY ABOUT 10-15% or more...unfortuantely the government(from either party) doesnt give us the REAL numbers
it certainly is for every working class person or old person
you think that your utility cost being up is not inlation???
you think your medical/pharm costs being up is not inflation???
you think your clothing costs being up is not inflation???
you think your housing (rent and rela taxes) being up is not inflation???
you think food costs going up is not inflation???
you think building supply costs (ie home depot) being UP is not inflation???
almost EVERYTHING we use has gone up by at least 10% to in some cases 30%- 40% in the last 3 years...and you are going to tell me inflation is "only 2% or less"
have you been to the store???...have you SEEN THE PRICES???? milk is nearly $4 a gallon...meats have gone though the roof...
sorry you are too blind to see
you certainly do prove that the sheeple are out there for the slaughter
so are you going to tell me YOU BELIEVE the government TELLING YOU that inflation is at 0-1% when PRICES in nearly everything have risen 10-20-50% and in some cases doubled and tripled or more????
GET YOUR HEAD OUT OF THE SAND...dude