Posted on 07/13/2022 5:43:07 AM PDT by John W
Excellent point. The CPI formula has changed over the years to make inflation seem less bad. Real inflation is much worse.
Elections have consequences. Stolen elections even worse.
Not just that- its also the trend. They try and be cute and compare biden’s numbers to Ronald Reagan.
Reagan entered office in 1/81, inflation was 11.8%. 18 months later in July 1982 it was 6.4%, almost cut in half.
Inflation was 1.4% when zhoa biden was installed. 18 months later is 9.1%- almost 7 times higher.
Even if you go from 12/1981 to July 1982 there’s a reduction in inflation of 3.9%. From 12/2021 to July 2022 inflation has increased 4.4%
https://www.usinflationcalculator.com/inflation/historical-inflation-rates/
Reagan was sworn in on Jan 20, 1981, which is well before December 1981.
WHO was in the Oval Office in Dec 1981????
Ronald Reagan...................
I suspect that when Q2 GDP growth comes out in a couple of weeks that will be worse than expected as well.
the socialist label for Democrats worked well with Latinos in the last election. We need to stick with that and tag ALL Demcrats with it.
Obama was 20 years old in 81
Year on Year
What is it for the last 2 years?
1981 - the Good times.
1. Nobody had a phone in their pocket.
2. Cash registers didn’t figure out change for you.
3. Cars still had bench front seats.
4. AIDS was still years away. (see number 3)
Those are the games they play. Unfortunately for everyone, this is falling apart. If there is to be a peaceful and political solution, then the GOP will have to step up. That’s not likely; they are mainly junior partners in the decline. I don’t think that November of 2020 was when it was over, but that’s when all doubt was removed. They just stole the election and set to finishing the disaster they started with COVID-19.
Price increases over last year (CPI report)...
Fuel Oil: +98.5%
Gasoline: +59.9%
Gas Utilities: +38.4%
Electricity: +13.7%
Food at home: +12.2%
New Cars: +11.4%
Overall CPI: +9.1%
Transportation: +8.8%
Food away from home: 7.7%
Used Cars: +7.1%
Shelter: +5.6%
Apparel: +5.2%
The REAL number is probably closer to 20%.
The Federal Reserve is almost always on the wrong side of these economic waves.
They printed too much money and kept interest rates far too low far too long.
If inflation is 9.1 y/y the interest rates need to be above this rate, usually 2-3% above the inflation rate, which would put interest rates at 11-12% if history were to hold up here.
Remember Paul Voelker once raise interest rates 500 basis points in 1 day.
Home Mortgages have already started to plummet with the modest rise in interest rates that have already happened, we will go into a straight up depression if the Federal Reserve actually does what is necessary to reign in inflation.
I finally emptied a 10 oz bottle of Heinz57 steak sauce. I was shocked to discover a replacement was $5.09. That’s crazy! I think I paid $2 for it a year or so ago.
It’s these little things that have me convinced the real inflation number is much higher that the “official” one. A dozen eggs, for one, are easily twice what they used to be.
The only commodity where I haven’t seen much inflation is in the price of alcohol. I guess they figure if we all stay drunk, we won’t notice so much how bad things have gotten.
At least Jimmy Carter was a Christian Man with morals. Unlike Plugs Brandon, who is a complete grifter and fraud, especially in his poisoning of the Catholic faith and disobedience to the tenets of that religion.
Time to put the crack pipe down, don't you think?
I’m not a paid member of ShadowStats.com but I think he usually includes other things, like food..etc.
I’m guessing that number is a bit worse.
“Lame duck Carter.
Reagan had been sworn in yet?”
Reagan was sworn in on January 20, 1981. This was 12 months later.
And Billy Carter was an amateur compared to Hunter Biden.
Billy Carter had the beer and was a lobbyist for Libya.
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