I thought the Cheney Economic Manipulation Machine was shut down?
Not only is gasoline again a budget-buster for many,food prices are soaring.Common items like soup,bread,and cookies are up 10 to 20% from last year in the discount stores!
The article said that food was unchanged in February. However, over the past 12 months food cost has risen 3.9%.
http://bls.gov/news.release/cpi.nr0.htm
2.9% eh? Well, don’t ask me how they come up with that, because everything I need for daily life, like fuel and food, is going up far faster than 2.9% per year. Big screen TV prices are probably deflating, but I can’t eat ‘em and don’t buy a new one every month.
I use my custom Spam index to estimate inflation. Three years ago, I could get a can of Spam for $2. Now they run almost $3. That, my FRiend, is a whole lot of infation. If I can’t eat or drive to/from work, what good do lower housing and appliance prices do for me? Not much.
Looks like the stars are aligning against the jug eared crypto tyrant.
And that is for just one month.
Now add up all the months...and the months to come.
I was at Walmart yesterday and noticed that the 4-pac of their Yogart had jumped from $1.58 to $1.88 since I last bought some about 6 months ago.
That is a 19% increase.
*2.8888% when adjusted for the free birth control
Not only is gasoline again a budget-buster for many,food prices are soaring.Common items like soup,bread,and cookies are up 10 to 20% from last year in the discount stores!
I believe our government is printing about 7% of our economy per year. I’m surprised it isn’t higher.
I don’t think the Fed cares about the target range for inflation. I bet they don’t mind moderate inflation as a way to decrease the real burden of the debt in the country.
And, this just in-U.S. stocks struggled to regain Friday’s opening rise after a first reading of U.S. consumer confidence in March unexpectedly fell.
They expected consumers to believe the pure and utter manure they’d been shoveling on behalf of The One and, unexpectedly, they didn’t.
This is fuel price driven.
They may have an inflation target and would have hit it with monetary policy if it weren’t for the huge spike in transporation costs.
My opinion: prices have doubled since O took office. But my income has stayed the same. No wonder I’m getting in debt.
Info
My weekly case of Triple-Stage-Bomb ice pops...up. My Extra-Strength hydrochloric acid XtraCoarse Forest-Leg-hair Nair...up. My Triple Thick Rosie O'Donnell-approved Lard-enhanced Moon Pies...up. My kitchen rat traps...up. My Sexy Girl honey-flavored Extra-quick-acting Anti-Fungal Toenail Balm...up. My Teen Beats...up. My kichy cat-treat flavored hot dogs I get at the Dog Track...up. My Missy Descrete under-arm Natural Sponge B.O. Absorbers...up. My headgear rubberbands...up. My hunk-man-sweat flavored Stoli...up. Everything...up. Maddening. ;-)