United States Heading towards a Depression?

Last I looked it was closer to 9%.

Here's a great article on the real inflation rate. It's remedial enough that even Breeze could comprehend it.

http://allfinancialmatters.com/2010/09/20/whats-the-real-inflation-rate

 

The government has lost credibility by publishing these completely unrealistic inflation numbers.

This has led Google to announce that it is developing it's own independent third-party inflation index, the Google Price Index (GPI).

 

Nope, Obama's STILL in office, so those responsible for the "largest yearly national debt in the nation's history" are still in charge. Do your homework.
As far as those responsible for the 'recession'? They're still in there too. You DO realize that Obama was in government politics BEFORE he became president, right? He wasn't simply just elected to that office with no experience. Oh wait, he HAD next to no experience to begin with. Irregardless, the dems had the majority in '06, and they were voted out THIS year, not in '08. Look for change. You can't simply blame the Republicans for the mess, it's on both parties, and the party with the supermajority is more responsible, because there is more of them. Sorry, you lose that one.

tell that to the unemployed, still unemployed because Obama's threatening to raise taxes, again. GNP don't matter SQUAT if nobody's hiring! Of course, you're one of those fools that believe we're doing "better" than we were 2 years ago too, I'm sure. Keep on believing those lies your party tells you!

 

The inflation rate is not something pulled out of a hat - everyone has access to the statistics.

There seems to be a disconnect between the type of economic contraction presently being experienced, lack of liquidity and expectations that we are in an inflationary environment that simply does not exist - other than certain commodities and the price of oil being an exception to the present inflationary pressures, emphasized by historically low interest rates.

No question the economy is doing better today than in 08.

The present Administration is for extending the tax measures for the middle class and prudently raising revenue to offset the budget imbalance from those who have not experienced the recession the working class has had to live in since 08. A sound economy is what is necessary to reduce unemployment.

Bush was in control of this country when he was President and won every battle in Congress he saw fit to encounter. The legacy will show only posturing in cutting taxes while spending like drunken sailors under Hasseret and conducting an unnecessary deceitful and unfunded Iraqi war that sapped the nations treasury for the duration of the Bush presidency.

.

 

Yeah, you keep repeating that. Make sure you tell that to every homeless person, unemployed individual and person underemployed, who's been affected by sir Hopey Changey's massive spending and tax increases. Nice try but, as they say, fail. ANYONE with an ounce of common sense knows that is what it is, a LIE.
Foreclosures - record in September
Unemployment - HIGHER now than in '08, but a BIG leap (almost double in fact)
Homelessness? Yeah, again, higher now than in '08

Keep on believing that lie, it might just come true, when REAL people get into the office and start making REAL CHANGE

Yeah, right 'offset the budget imballance'. How about STOP SPENDING! Oh, no way, they won't DO that. So, instead, let's penallize the working class more than we already have by making their masters pay more, pissing THEM off so they take it out on the peasants. Yup, sounds like an EXCELLENT idea to me!!!

Nice try , but, as usual, FAIL. Bush was NOT 'in control of this country' the last two years of his presidency. How do you think we GOT so messed up in the first place? The democrats were in control. The president is NOTHING but a figurehead!!!

Get some education, stop drinking the kool-aid then come back and post when you've got real experience!

 

Excuse me, I am just wondering what tax increase you are foaming about - are you referring to the Health Care legislation that was the greatest "Change" acomplished by the gov't in over several decades of persistant endevors.

 

I'm not even going to dignify your c&p hatchet job with a response. Pretty pathetic you have to alter people's words to try to come out on top. Of course, we all know that's not happening

 

Twhiting is telling it to you like you need to hear it. Your statement is a lie. I just tried to think of one thing
that was not priced lower in 2008. I think every item now costs more. What happened ? The dollar is losing
value, thanks to being printed up billions of more times.

Again, Breeze Wood.... We Do Not Believe You. Your presence in this thread is actually helping those who care
about the economy not to listen to people like you.

 

Breeze smokes so much herb from his garden, he is only loosely in touch with consciousness. Asking him to get in touch with reality and facts may be a bridge too far.

The signs are all around us that Obama has saved the economy:

Of course I'm sure we can attribute it all to his large investment of borrowed taxpayer dolllars into the private sector:

Of course those numbers, while big, look a lot scarier when you actually map them against GDP which fell during the same period, but don't be alarmed. ALL IS WELL!!!

It would seem that Obama coming off the high of a drunken orgy of spending is now looking for some aspirin to deal with the hangover which feels like it could kill us. Obviously massive tax increases are the first remedy being reached for, which is a bit like taking caffeine with your alcohol to make you feel less drunk. The real and obvious first step to a healthy sobriety, quit drinking(overspending), seems to be elusive to our brain surgeon and chief. It appeared as though he might be catching onto it when he proposed a freeze on the pace of spending(drinking) acceleration, but then it slipped away:

 

I've said it before a number of times:
This 'pay freeze' is in fact a joke. While it may 'save' a little bit of money, what these idiots need is a pay DECREASE. Put them on minimum wage, plus standard raises for time in. This will do two things, of course:
#1 - it'll raise minimum wage to a LIVABLE level
#2 - it'll save money

They're making $150k/year + right now, and they're 'civil servants'? They need to be reminded of just what they're paid to do

 

3000 people are leaving California each week to escape the high taxes.

California Budget Deficit Grows To $25.4 Billion
http://www.huffingtonpost.com/2010/11/10/california-budget-deficit_n_781848.html

California, New York and Illinois are on the verge of budget collapse.

There isn't a disconnect. The way that the US calculates inflation has been changed since the 70s

The economics of Jimmy Carter and the left don't work. Ronald Regan turned the economy around after Jimmy Carter failure. Obama is trying to bring the country back to the "Good Times" of the 70s. It just doesn't work. The more you raise taxes, the less you get. That's the principle of the Laffer Curve and Supply Side Economics that President Obama adopted in the 1980s.

Supply-side economics and the Laffer Curve

tax revenues would be zero if tax rates were either 0% or 100%, and somewhere in between 0% and 100% is a tax rate which maximizes total revenue. Laffer's postulate was that the tax rate that maximizes revenue was at a much lower level than previously believed: so low that current tax rates were above the level where revenue is maximized.

The left attacked President Reagan hard and in the same manner as President Bush.

Barry Obama is a leftist and connected the same organization attacking President Bush.

Top former Weathermen terrorist with ties to Obama mentors, Jeff Jones, concurred the president-elect will attempt major change, including "redistributing financial resources downward."

http://www.wnd.com/index.php?fa=PAGE.printable&pageId=82774

Weather Underground with ties to Weathermen terrorits Bill Ayers and Jeff Jones
Tides Foundation
SDS/Weather Undergroung
George Soros
Media Matters
Accorn
SEIU

The CPI is comparing apple with oranges. The CPI has been monkeyed with substantially since the 1970s.

From the article:

The way the CPI is calculated was altered in the early 1980s and again in the 1990s. According to the above chart, inflation is running at 8.50% rather than the 1.15% that the BLS is publishing.

 

We're not saying that you did; your source is the one that pulled it out of a hat.

 

One can only imagine what the above crowd is unable to comprehend in simple economic realities? With their policies the same index was over 400 Pt's lower and falling further - like children needing a nap and the adults taking care of their needs.

There is no question the economy is far better off now than when left by the Bush Administration and there is no reason whatsoever it will not continue improving under the current guidance of Bernankie and the present Administration.

It is fitting the house has reverted to Republican control and the garbage the Republicans left behind placed where it belongs.

Without their moribund and pandering social agenda the Republicans would not even exist in liew of their pathetic economic values, both of which are mindless aberrations of dysfunctional incohesion.

 

Really, higher unemployment = better economy? In WHAT alternate universe is that true? Please, do tell
Highest foreclosure rates in years = "better economy"?
highest homeless rates in years = "better economy"?

Man, you REALLY need to stop smokin whatever it is you're smokin because you're just not seeing reality.

 

Breeze, have you bothered to dig deeper into the index and look at what gas, oil, gold and consumables like oj are doing too?

Maybe take a quick peak at the value of the dollar.

 

Unemployment claims increased last week by 26,000 to 436,000, the Labor Department reported today. Previous week's claims were revised up slightly.

Inflation is China is currently 6%. So basically, the US is exporting the inflation. At some point China will need to raise the prices and the inflation will hit the Walmart near you.

 

For the people interested in balancing the budget this is the first meaningful step in resolving the matter in an equitable manner.

The Administration has a choice in which direction it intends to follow and whether it will stand pat on its stated position to extend the present rates for the middle class only or buckle under pressure.

The next few days may determine the outcome for the next two years and if Obama turns and runs will the House stick to their guns and hold the fort anyway? Maybe so.

Perhaps it will make no difference however the tax debate turns out but somewhere along the path Obama is going to have to make a stand and this issue is as good a time as any.
...........

Crude Oil 88.01 +$1.26

Anyone watching the price of oil - may be the biggest obstacle to the present recovery than any thing else.

 

The price of oil is about the best way one can determine the value of the dollar.

Oil goes up, dollar goes down.

Of course you've never had the luxury of paying 80cents/gal for gas like some of us.

Just to help you understand this a little better. If every dollar you have in your pocket is worth 1/2 what it was yesterday and the goods and services you want to buy are now twice what they were yesterday (cause oil's higher and it costs more to transport, heat/cool, and power things); that's INFLATION kiddo.

So if little breezy goes to buy $5 worth of bubble gum, its now gonna cost him $10 (because the price doubled). But wait, that $10 is only worth $5, its really gonna cost him $20.

That's inflation kiddo.

I told you what made that gum go up in price (oil).

Want to know what made the dollar go down?

We just printed some more money to pay for that rising oil cost.

I'm not trying to be condescending here, I'm just a lot older than you and have lived through this phenomenon before.

 

The US unemployment rate climbed to 9.8 percent in November and 15.1 million people unemployed in November.

http://finance.yahoo.com/news/Unemployment-rate-reaches-98-apf-4069644244.html?x=0

How about this. The breezy goes to buy $5 worth of bubble gum, its now gonna cost him $10 (because the price doubled). But wait, his job flipping burgers only increase the pay to $7 per hour.

Now he ca't even afford to buy a pack of gums.

That's what we call stagflation and "Good Times" just like when Jimmy Carter was President.

 

I hope you aren't trying to imply that Breeze has a job of any sort.