Screw the official government numbers. They've been massaged or skewed or politicized or just plain fabricated. Merrill Lynch calculates 7.9% year over year inflation since last Thanksgiving. And THAT'S probably a somewhat conservative estimate. All I know is, I didn't get an 8% raise this year and I'm sure as hell not going to get one next year...
http://news.yahoo.com/s/nm/20071122/bs_nm/usa_economy_thanksgiving_dc;_ylt=ArfkOSvJWcsjKxMbarBsGT0E1vAI
2007-11-23 06:35:49 · 7 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
how right you are.
2007-11-23 08:22:04 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I didn't read the article, so sorry... But I definitely agree with the whole raise thing. I had a summer job back in '06 that I had, and when I came back for the summer of '07, I started off at the same exact pay. If there is indeed bad inflation, I should've started off a little higher, but I don't think any employers are taking that into account.
2007-11-23 14:44:07 · answer #2 · answered by sunny-d alright! 5 · 0⤊ 0⤋
From President Harry Truman, I learned the expression: "There are lies, damned lies, and statistics."
Numbers trying to measure inflation are imaginary. You first have to know what stats are being collected, know what assumptions are made, and how the data collected is analyzed.
For example, Two years ago I was driving a vehicle 40,000 miles a year which got 15 miles per gallon. I am now driving a vehicle less than 10,000 miles a year and getting 20 miles per gallon. While the cost of gas went up on the average, my actual cost went down. So I did not experience inflation.
2007-11-23 14:43:55 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
Even if they were correct, income has fallen- anyone with the numbers on that? Jobs are sent overseas to save companies money, but then what jobs are repacing them? People go from $12-$25.00 per hour down to $5-10.00 per hour. Effectively halving the average earnable income (for one full-time job) while consumer goods (boths necessities and other) have never stopped rising. What jobs come in are owned, usually, from overseas, so basically we're becoming (at whatever speed) one of the poorer countries- so long as you don't count the top 10%. Whose brilliant idea WAS this, anyway?
2007-11-23 14:50:34 · answer #4 · answered by iamsuranovi 6 · 1⤊ 0⤋
Our money loses its value by half every 10 years give or take. The 401k's are the biggest way yet in history to milk average Joe out of his hard earned dollar. Other then the roaring 90's Stocks have never returned more then real inflation. People can't count and think a million is a million. Warren Buffet didn't got rich on his stocks, he got rich, milking other people for their money for worthless stocks.
2007-11-23 14:44:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋
The cost of food is going up because we now turn food into ethanol to burn in our autos. It is incumbent for all Americans to resist this immoral waste of food, which is impacting the third world, and causing misery in our own country. We need to stand up to the internationalist left, their friends in the environmental movement and the ethanol producers that wright them checks, and bring back a more petroleum based energy industry, that takes into consideration that it is foolish, immoral, and counter productive to burn food.
2007-11-23 14:43:43 · answer #6 · answered by espreses@sbcglobal.net 6 · 1⤊ 1⤋
I think it would be helpful for you to check the performance of the dollar against major currencies for the past few years.
2007-11-23 17:12:02 · answer #7 · answered by robert c 6 · 0⤊ 0⤋