They left out HIGHER PRICES.
And according to the polling Limbaugh read yesterday most of us are still blaming Bush.
We are SO SCROOOOOD.
In order for the recession to be officially over, two things have to occur:
First, the hard numbers have to add up. No cooking the books, the job numbers and GDP have to be real.
Second, there has to be a ‘feel’ that works its way through the country. Neighbors talking over the bushes about their new job, their cousin’s new job, or their new car, etc.
Team Obama has done everything they can to cook the books and spread “hope and change”, but neither the hard numbers or the ‘feel’ are there. You can distract people for a time with extended benefits (and blame) but it can’t last forever. I’m praying the American people will wake up.
no joke
Yes, they left out higher prices. I would like to see someone create an inflation adjustment table based on the necessities of life. In other words what would it cost to actually live in 2014 the way that the typical American lived in 1964, it would little resemble the current CPI charts. The official figures claim that $7.69 now is equal to what $1.00 was in 1964, I say that is ridiculous. Families in South Carolina were able to live reasonably well on $100. a week gross income in 1964. How many families can live reasonably well on $769. a week now? One dollar then would buy three or maybe even four gallons of regular gasoline untainted by alcohol. $7.69 will not buy two gallons of pure gasoline now. One dollar then would buy a fast food lunch for two or a sumptous all you can eat buffet lunch for one. $7.69 now will at best buy one fast food lunch. I could go on and on but my point is that the government is using the price of things like televisions and long distance phone service which have dropped like a rock to average in and come up with their figures to avoid raising social security payments. The reality of the modern day is that in 1964 a young man finishing high school could take a factory job and be a married homeowner with children at an age when young men now are lucky to be finishing college and those college graduates who can find a job at all are taking jobs at wages that the 1964 high school graduate would have laughed at if you apply a rational adjustment for inflation and in fact in many or most cases those wages adjusted for inflation would not have been legal in 1964. The 1.25 minimum wage of the era was worth far, far more than the current $7.25 minimum. Even the official figures put it at $9.61 now and that is laughably low. There have been recent studies reported saying that a current college degree is worth LESS in today’s job market than a high school diploma was worth in the sixties. I don’t need the study to know that, all I have to do is look around me.