19 trillion in debt. 100 million out of the work force. Record food stamps. 11 to 30 million illegals stealing American jobs.
Yes we can!
Obama’s Wreckovery Year 7 Plan on schedule...
104 million working age people on their asses. Not sure what the total working age segment comprises, but I’ll wager its around 350 to 400 million.
25%
Inflation: a pound of hamburger is over $5/lb. Apples are $2/lbs. Vegetables and fruits are more expensive than processed foods.
Fees are up everywhere. Property taxes are up regardless of property values. Health care costs are skyrocketing.
So, yeah. Even the Socialists on the stage the other night admit it isn’t working, which is funny to watch, since they are calling for more of it.
And the GOP (led by Boner and the b*tch) has stood back and let this continue by failing to respond to the “most transparent administration” in history. It is obvious what the intent of this administration has been all along.
The source I checked for what follows is CommoditiesOnline.com .
The US economy was level, or actually down some, in September. But sales of silver....eagles, bullion etc are up substantially. That would indicate that people have lost confidence in the economy for the near future. If we’re hoarding silver, it’s likely we’re hording cash, too, and cutting down on unnecessary purchases.
Inflation does not indicate growth. It is the dividing of the unit of vallue into smaller and smaller units and causes economic dislocations and increases inefficiency. “Inflation” without a modifying adjective is purely and only the increase in the money supply i.e. a larger total of smaller units of value. Any other use of the unmodified term is obfuscation, camouflage and, in another term, bullshit.
Sounds more like the "kind of inflation that lets us cook the books." There may be deflation in some commodities prices, but it's certainly not reflected at the consumer level. If you take gasoline out of the equation, virtually every other consumer item costs more, while wages are either flat or going down.
When consumers have less to spend on things that cost more, consumers don't buy as many things. Seems pretty simple.
“hoping to generate the kind of inflation that would indicate strong growth”... yet everything they do discourages growth!
Giving people money to consume is not the same as people creating wealth to get money to consume.
There is no growth.
And borrowing to give people money to consume is an economic death spiral.
obamacare cost me about $3000 this year, and with my health-care “co op” going out of business, I’m expecting to get screwed again for 2016
Sorry, that’s money that I WON’T be spending on a new car, vacations, iPads or restaurants.
But everything is great! Warren Buffett said so...
The economy may deflate but the government budgets just keep inflating up and up.
It is far past time for congress to eliminate the idiotic inflationary practice of baseline budgeting and replace it with zero base budgeting.
Baseline budgeting is the process lazy and venal politicians have invented that allows the federal budget to automatically increase every year without then having to lift their sticky fingers.
Check it out here:
I am so screwed.
NO SALE!!
We went Galt years ago.
As much as humanely possible, we refuse to buy or contribute money to the corrupt deviates running government who line their pockets and retirement pensions with my tax dollars.
Declining prices often would be treated as a net positive by consumers, but income weakness is offsetting the effects.
Prices that decline but continue to decline are a negative in terms of the overall economy. Sure the item that cost $10 last week is selling for $8 this week and that’s an incentive to buy. But the real problem is that that same item will be expected to cost $6 or $5 next week. So that’s a very strong incentive not to buy. Might as well wait.
They cooked the books and lied to each other since at least 2010, congratulating each other how they pulled us back from the brink. Yep...turning the corner...getting stronger,,,why look at the unemployment number DROP!
Now the numbers are too hard to hide and ignore.
And they act surprised for you.
This is not going to end well at all.
The biggest purchase on the horizon for us is a new recliner and we will spend a bit on it. Probably a La-Z-Boy. My dad bought one from the place I used to work in 1985 he is still using it and though it is frayed a bit on the edges everything works fine.
The only reason we are buying it is my old recliner is dying. My Mom and Dad bought it for me several BDays ago but it just didn't hold up. Man it is comfortable and big but just not built well. Other than that we just don't "buy things" much anymore. When we need a new computer we search for deals; you can get some really good laptops cheap if you are willing to do a little internet searching. I build any desktops we need and get all the parts at greatly reduced prices using all sorts of buying tricks like rebates and coupons and cashback deals etc.
We just save cash and are paying off some business debt but we refuse to spend money just to get the latest and greatest geegaws. One of our friends rushed out to get the latest iPhone after they just purchased a new one less than a year ago. They filed bankruptcy three years ago and are going right back into debt with new credit cards and leasing cars etc. It boggles my mind that retailers and credit card companies allow people like that to get even more credit after filing bankruptcy but I guess it's the way things are now.
then 'not going to the movies...
now it's moved to 'not going to the mall'...
Democrats and their liberal elite backers on Wall Street are clueless about what they're doing to this country... and how we're all reacting to the formation of the elitist hellhole.
My guess is the drop in prices is due to lower energy costs, not deflation.
Deflation: Prices and wages continue to drop.
I predict we are headed for a deflationary depression.
Keynesian economics
Keynesian economics
Keynesian economics
Epic FAIL!