Well that settles it, Bernanke must be a racist.
This is a nonsensical article. First, it is comparing the total inflation for 3 years under Bush/Bernanke (2006-2009) with the total inflation for 4 years under Obama/Bernanke (2009-2013). Second, it disregards that there was no inflation in 2008 because of the financial crisis (there was actually a period of deflation for a few months in late 2008 into the beginning of 2009). Taken together, this is a meaningless comparison (and that’s being generous).
If you don’t ever buy fuel, food, insurance or education then inflation is indeed really low. If you only buy computers, tv’s and clothes you’ve got it made.
I think its time to revive Carter’s Misery index to see where we are at.