Welcome to Obamacized America.
The reply is not simple enough for most people. Better: “You are getting less product for the same amount of money because the government has devalued your dollar by 40%.”
Keeping “perceived” inflation low by selling you less for the same price. That just about sums up the entire Obama/Progressive agenda. Now the question is: why is corporate America helping him by hiding the inflation? These size cuts aren’t the result of out of control government czars or draconian regulations. The middle class has no friends in this fight.
But the people know. Sarah is correct.
The difference between the liberals and the conservatives during food prices rising:
Liberals complain, wine and demand that SOMEONE(government) do something.
Conservatives adapt(coupons),improvise(swap)and use their self reliance(gardens) to survive.
We will survive this.
My wife, who keeps careful track of the family grocery budget, was just talking to me about this phenomenon yesterday. She was saying it reminds her of the 70’s when coffee and sugar got so expensive. Can gas lines be far behind?
You would think that the CPI would use standard unit pricing. The problem is that usually inflation measures exclude food and gasoline which is what people see immediately and they weigh things like computers and housing. It’s as skewed as the unemployment rate. How is it that we can lose 400K jobs but the unemployment rate never goes above 10%. We’re living in George Orwell’s Oceania and all these stats are right out of the Ministry of Truth.
False. Page 8, bottom of column 1, here (.pdf file).
Michelle Obama would say this is a good thing because American consumers are “consuming” less material goods (for the same price) therefore stablizing the economy while reducing caloric intake. < 1/2 sarc >
Mike
They downsize the CPI so they don’t have to hand out COLAs (and I don’t mean Coca Cola).
Yep — in the ‘good old days’, we’d buy a three pound can of coffee (now 35 to 39 ounces); and try to find a pound of bacon now (12 ounces is the new standard).
Excellent example of how internet memes are created. (Anybody remember the howls of derision when I published that paper written by an egghead who had the audacity to point out that certain economics bloggers don’t know what the hell they are talking about?)
Let them eat dingleberries!
Leni
Obamasized, I like it...the term, not the action!
Dow’s down over a hundred, wonder why? What news is coming out tomorrow?
Food prices have escalated for many reasons. Inflation is but one cause. Few seem to understand that the staggering increase in regulation has had a significant impact on food prices. Some of it is necessary, but most of it comes simply from government doing what it does best.
This might be a good time for families to go back to making things from scratch. Flour, eggs, water, milk, oil, butter, yes butter and you can have beautiful cakes, cookies etc.
Ground beef makes beautiful meat loaf
also makes meat balls and lots of them for a family. Meatballs, salad, bread.
Macaroni and cheese with some bbq chicken prepped at home.
Roast on Sunday, with sandwiches and leftovers throughout the week. People today don’t know the value and the good taste at the end of the week when all the leftovers were heated and put on the table again. It was like a FEAST.
If the kids don’t like it...they dont have to eat it. As our parents said: “Dinnertime!” So, if you didn’t like it you didn’t get anythign else and...we didn’t starve because we LOVED our mother’s cooking. All from SCRATCH.
If people would use their good ole American ingenuity...they could eat much better and healthier than at the fast food or take out joints. At least you know what you put into your food.
The CPI information is part of a perfect further response to that WSJ twit who disputed Palin’s allusion to food prices rising.