2007-12-23 08:41:49 · 7 answers · asked by vasavasa2006 2 in Politics & Government ➔ Government
No, because they use a flawed way of figuring out inflation.
http://home.att.net/~mwhodges/inflation.htm
2007-12-23 09:57:38 · answer #1 · answered by bacco l 3 · 0⤊ 1⤋
The lies damn lies and statistics comment was made one hundred years before by the British Prime Minister Disraeli which goes to show that nothing is new in politics. No I do not believe them so far as I am concerned my food bill has gone up more than that and my petrol has also. Government Statistics have long been a joke because they play around with how things are included or the weighting given to certain items
2007-12-23 18:04:57 · answer #2 · answered by Scouse 7 · 0⤊ 1⤋
I don't believe any numbers the government puts out. Just like I don't believe the national debt is nine trillion dollars. Its closer to 56 trillion if you count the debts in social security & medicare. I don't blame the Shrub completely for this. Tweaking of the books has been going on a long long time.
2007-12-23 16:49:17 · answer #3 · answered by Whats Up Doc 7 · 2⤊ 0⤋
No. I learned from President Harry Truman: "There are lies, damn lies, and statistics."
There is no way to adequately measure the cost of goods sold, factor in changing buying habits, then compare to a prior period...in less than several years.
Example: the per gallon cost of gasoline goes up. So you quit driving. In what appears to be inflation, your cost of living actually goes down.
2007-12-23 16:47:49 · answer #4 · answered by regerugged 7 · 2⤊ 0⤋
No. Statistics can be scewed and I never have completely trusted the government anyway. There is just no fullproof way to measure the cost of goods and services around the US.
2007-12-23 17:57:08 · answer #5 · answered by Anonymous · 0⤊ 1⤋
at 18 15 years ago.....on minimum wage i had an apartment and financed a used truck,,,, try that now
the same apartment has doubled
food has doubled
gas has tripled
etc.....
2007-12-23 16:49:07 · answer #6 · answered by Anonymous · 2⤊ 1⤋
I believe zero from our current administration!
2007-12-23 16:47:57 · answer #7 · answered by Grape Stomper 5 · 1⤊ 1⤋