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Author Topic: Here's change you can believe in  (Read 663 times)
98valk
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Posts: 13477


South Jersey


« on: October 28, 2010, 01:19:00 PM »

As is often the case, there is a big difference between what the government statistics are reporting and what’s going on in the real world. According to the most recent inflation reading published by the Bureau of Labor Statistics (BLS), consumer prices grew at an annual rate of just 1.1% in August.


http://www.caseyresearch.com/editorial/3791?ppref=CRX175ED1010A

On average, our basic food costs have increased by an incredible 48% over the last year (measured by wheat, corn, oats, and canola prices). From the price at the pump to heating your stove, energy costs are up 23% on average (heating oil, gasoline, natural gas). A little protein at dinner is now 39% higher (beef and pork), and your morning cup of coffee with a little sugar has risen by 36% since last October.
 :'(
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1998 Std/Tourer, 2007 DR200SE, 1981 CB900C  10speed
1973 Duster 340 4-speed rare A/C, 2001 F250 4x4 7.3L, 6sp

"Our Constitution was made only for a Moral and Religious people. It is wholly inadequate to the goverment of any other."
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G-Man
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Posts: 7847


White Plains, NY


« Reply #1 on: October 28, 2010, 01:33:19 PM »

I know,.....I gotta take out 3 dollar bills to pay for a cup of coffee in Dunkin Donuts. 
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Hef
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Posts: 708

Opdyke, IL 62872


« Reply #2 on: October 28, 2010, 01:37:37 PM »

I don't know how, but I bet it's George Bush's fault!
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Disco
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Posts: 4897

Armed Man=Citizen; Unarmed Man=Subject

Republic of Texas


« Reply #3 on: October 28, 2010, 02:11:56 PM »

And here's change that goes back to the days of the clinton administration when the Bureau of Labor Statistics defined long-term discouraged workers out of official existence.  Today, as it has been for the last year-plus, the "headline" U-3 unemployment rate is hovering at or just below 10%.  The U-6 number ("the broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment") is about 17%.  If you include the SGS estimate of long-term discouraged workers to the U-6 number, total US unemployment is now over 22%, not the 10% most people think it is.

http://www.shadowstats.com/alternate_data/unemployment-charts
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2000 Bumblebee "Tourer", 98 Yellow & Cream Tourer, 97 Rescue blower bike
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