Those Darn Obstructionist Republicans!

[Denny Crane]

Linky

http://www.thepeoplehistory.com/pricebasket.html

 

[donkiez]

What was the excuse the first term? The health care wasn't implemented yet; but Obama still spent more than bush did for two terms. We are in a record breaking spending frenzy right now and eventually they won't be able to tax the rich enough to cover.

Next in line will be the middle class; while the poor drive their escalade and live in 3,000 sq ft homes (government paying for half the bill).

I'm waiting for a president and congress to see the big picture. Democrat or republican. It really doesn't matter. What matters is this country is sliding into an economic disaster!

Is this a serious post or are you just trying to satire a stereotypical republican? I'm not an Obama apologist by any means but we did have a little bit of a recession when Obumer took over, so we spent our way out of it. Not the ideal way to do things but it sure has hell beats Austerity, which is what happened in Greece. Maybe we kicked the can down the road but at least we gave ourselves a chance.

Poor have it good in this country, you should just give me all your cash so you can hop on that train! Choochoo muthafucka

Democrat or Republican doesn't matter, the game is fixed against us either way. I don't think we are on the brink of disaster though.

 

[barfo]

Linky

http://www.thepeoplehistory.com/pricebasket.html

That's "interesting", to quote Nate.

But i was hoping for a website made by 5th graders, not 3rd graders.

barfo

 

[Denny Crane]

Austerity measures, like the sequester, seem to have improved the economy. Unemployment is down and GDP growth is up.

http://www.huffingtonpost.com/2013/01/04/washington-deficit-obsession_n_2409978.html

 

[Denny Crane]

That's "interesting", to quote Nate.

But i was hoping for a website made by 5th graders, not 3rd graders.

barfo

No wonder you commies fail at economics.

 

[donkiez]

As with anything the government gets involved in, the cost goes up.

I guess I don't get it. I see car insurance commercials on TV where the companies are undercutting one another and offering cash back bonuses. Life insurance is guaranteed to pay out at some point, and there's no spiraling inflation in the cost of that insurance; and it pays bigger payouts than the cost of multiple most expensive surgeries.

You can't make money out of thin air. They're not just printing money. They're making the rest of the money worth less (ultimately worthless even). I see the effect of that in the price of gas and at the grocery store. You probably spin that to be of some other cause.

Ok healthcare cost a shit load mostly because of how the insurance companies operate in relation to the hospitals. Its a big complicated situation that will benefit from transparency and a market place. It was not a "free market" before, this is an attempt to help it in that direction. The huge government cost here is medicaid and no matter what we do that will go up unless we get the overall price inflation under control. With current health care often the most expensive places are the least efficient and offer lesser care, so you dont even get what you pay for in this market. Car insurance and life insurance operate in a more stable market, Im assuming you have a rough idea how much your dented fender will cost to replace.

Your also 100% right, the more money in the system the more we will see inflation. I don't think it effects us as much as some people believe though. The economy is so big and has so many variables that other factors are at work also. One huge variable is international trade, we actually benefit from devaluing our currency as a way of increasing our exports which increases work and pay in our country. Also other countries are hard at work devaluing their own currencies, its the in thing to do right now so if everyones currency is worthless then comparatively ours is worth something. Another factor at work here is advancing technology, TV's and Iphones are getting cheaper everyday.

 

[jlprk]

Linky

http://www.thepeoplehistory.com/pricebasket.html

That's "interesting", to quote Nate. But i was hoping for a website made by 5th graders, not 3rd graders.

No wonder you commies fail at economics.

Year 2008 2009 2010 2011 2012
Loaf Bread Jan. $1.68 Aug. $1.77 Feb. $2.49 Aug. $1.98 Sep. $1.88

I picked the most frequently bought commodity on your amateur site, and found its prices above hard to believe. Privatized information like that is all we'll have when you're done dismantling the government.

http://data.bls.gov/cgi-bin/surveymost?ap
Check "Bread, White" then click "Retrieve data."

The pros say that bread prices "rose" yeastlike only in 2007 and 2008. Under Obama, bread has barely "risen."

 

[jlprk]

I know Republican diversionary tactics aiming to confuse. You'll say, "That's an index of prices with an earlier base year set at 100. My site has actual prices in dollars and cents." Your distraction won't change the fact that

The pros say that bread prices "rose" yeastlike only in 2007 and 2008. Under Obama, bread has barely "risen."

 

[Denny Crane]

Goodness, you're right.

In 2008, bread was $1.28 and in 2013 it's $1.42

Not quite the $.20 increase.

 

[magnifier661]

Goodness, you're right.

In 2008, bread was $1.28 and in 2013 it's $1.42

Not quite the $.20 increase.

That's almost an 11% hike in prices. If we go at that rate; we are doomed!

 

[Denny Crane]

That's almost an 11% hike in prices. If we go at that rate; we are doomed!

But there is no inflation. That's because Obama's BLS says so. He's trustworthy. He shut down Guantanamo like he promised.

 

[barfo]

That's almost an 11% hike in prices. If we go at that rate; we are doomed!

Ok, I'm going to assume you are just joking around here, and that you actually know that's 2% annual inflation.

barfo

 

[Denny Crane]

Ok, I'm going to assume you are just joking around here, and that you actually know that's 2% annual inflation.

barfo

Everyone got 11% raises along the way, right? Makes me wonder why the food stamp rolls are growing so rapidly.

 

[barfo]

Everyone got 11% raises along the way, right? Makes me wonder why the food stamp rolls are growing so rapidly.

As I understand it, wage inflation is not keeping pace with price inflation lately.
However, that doesn't mean that price inflation is too high, 2% is considered by most economists to be a healthy level.
It means wage inflation is too low.
I'd guess they even out over time, however, since low wages will lead to lack of demand.

barfo

 

[Denny Crane]

As I understand it, wage inflation is not keeping pace with price inflation lately.
However, that doesn't mean that price inflation is too high, 2% is considered by most economists to be a healthy level.
It means wage inflation is too low.
I'd guess they even out over time, however, since low wages will lead to lack of demand.

barfo

The price of obamacare means 100% inflation for many people, too.

http://www.policymic.com/articles/4...e-u-s-be-as-insolvent-as-greece/category_list

CBS News recently reported that the rate of inflation, as calculated by the American Institute for Economic Research (AIER), clocked in at a whopping 8% over the past year. This number is in stark contrast to the relatively modest inflation rate of 3.1% being reported by the government’s Bureau of Labor Statistics.

The AIER calculates what they refer to as an Every Day Price Index (EPI). The EPI only looks at the cost of goods the average household buys every month and factors in only those costs which are subject to price fluctuation. For example, mortgages are typically stable over the course of a year so those numbers are ignored. They wouldn’t change unless a person moves or refinances, so they don’t act as a good measure of inflation from month to month.

Another measure of inflation comes from John Williams’ Shadow Stats. Williams calculates the consumer price index (CPI) using the same model as the government did prior to 1990. Williams also calculates the CPI using the same model as the government did prior to 1980. In each case, the government changed the way it calculated inflation in order to give the appearance of less inflation.

If we calculate the inflation rate the exact same way the government did prior to 1990, the inflation rate is averaging around 6.5%, which is basically double the official rate. However, if we measure inflation the same way the government did back prior to 1980, the inflation rate clocks in at a mind-numbing 11%.

 

[barfo]

The price of obamacare means 100% inflation for many people, too.

Nonsense.

CBS News recently reported that the rate of inflation, as calculated by the American Institute for Economic Research (AIER), clocked in at a whopping 8% over the past year. This number is in stark contrast to the relatively modest inflation rate of 3.1% being reported by the government’s Bureau of Labor Statistics.

The AIER calculates what they refer to as an Every Day Price Index (EPI). The EPI only looks at the cost of goods the average household buys every month and factors in only those costs which are subject to price fluctuation.

That's completely stupid.

barfo

 

[Denny Crane]

Nonsense.




That's completely stupid.

barfo

CBS News doesn't think it's stupid. But you know better!

http://www.forbes.com/sites/theapot...nsurance-premiums-by-99-for-men-62-for-women/

Double Down: Obamacare Will Increase Avg. Individual-Market Insurance Premiums By 99% For Men, 62% For Women

But you know better!

 

[barfo]

CBS News doesn't think it's stupid.

I didn't see that they offered an opinion on it. Your quote just says they reported on it.

Nevertheless, how can it not be stupid? Pretending like people don't spend money on mortgages is not a good premise.

barfo

 

[Denny Crane]

I didn't see that they offered an opinion on it. Your quote just says they reported on it.

Nevertheless, how can it not be stupid? Pretending like people don't spend money on mortgages is not a good premise.

barfo

CBS doesn't report on UFOs, so this inconvenient (for you) analysis passes their sniff test.

Them eat cake again?

http://eyeonhousing.wordpress.com/2...growth-continues-to-exceed-overall-inflation/

 

[barfo]

CBS doesn't report on UFOs

Oh please.... seriously?

Edit: ok, just imagine I know how to insert links... or just do a google search for "cbsnews ufo" and you'll get 189,000 results. There are lots of CBS reports on UFOs.

barfo

 

[Denny Crane]

Oh please.... seriously?

Edit: ok, just imagine I know how to insert links... or just do a google search for "cbsnews ufo" and you'll get 189,000 results. There are lots of CBS reports on UFOs.

barfo

Sorry, I should have written "little green men flying around in UFOs."

The point being CBS found it newsworthy to write about real world inflation not matching what government numbers claim.

 

[barfo]

Sorry, I should have written "little green men flying around in UFOs."

The point being CBS found it newsworthy to write about real world inflation not matching what government numbers claim.

It's funny how you claim the media is biased when they report something you don't like, but claim that their mere reporting something establishes validity when you like the subject.

The use of this method of computing inflation is not really any different than relying on 'unskewed polls'.

barfo

 

[Denny Crane]

It's funny how you claim the media is biased when they report something you don't like, but claim that their mere reporting something establishes validity when you like the subject.

The use of this method of computing inflation is not really any different than relying on 'unskewed polls'.

barfo

Now you're being silly.

Even the BLS has several formulae to calculate inflation. CPI-U for urban areas, PPI for producers, etc. And those things are skewed. How? They weight the prices based on quality. Like the pizzeria uses less dough to save cost per pie.

And you might take economists' ideas and models with a grain of salt. None of them, including the most sophisticated model of all at the Fed, predicted the economic problems we faced in 2008.

From personal experience, groceries I paid $20 for in 2009 now cost me over $30.

 

[magnifier661]

So wait, Barfo believes there are Aliens that visited our planet?

 

[barfo]

Now you're being silly.

Even the BLS has several formulae to calculate inflation. CPI-U for urban areas, PPI for producers, etc. And those things are skewed. How? They weight the prices based on quality. Like the pizzeria uses less dough to save cost per pie.

And you might take economists' ideas and models with a grain of salt. None of them, including the most sophisticated model of all at the Fed, predicted the economic problems we faced in 2008.

From personal experience, groceries I paid $20 for in 2009 now cost me over $30.

Of course there are various models to compute inflation. It's that you are choosing one in particular, the one that best fits your peculiar worldview, and pretending that it is somehow the most meaningful measure, that is the problem here.

Maybe your grocery bill has gone up by 50% for reasons that don't generalize to the country at large.

barfo

 

[Denny Crane]

Of course there are various models to compute inflation. It's that you are choosing one in particular, the one that best fits your peculiar worldview, and pretending that it is somehow the most meaningful measure, that is the problem here.

Maybe your grocery bill has gone up by 50% for reasons that don't generalize to the country at large.

barfo

It is you that wants to cherry pick. You mentioned cost of mortgage payments, which tend to remain the same for 30 years. As 41% of the makeup of CPI, it really dulls the calculated number.

When removed, inflation looks like over 10%. And that squares fully with my statement that printing money is causing inflation, witness the price of groceries.

 

[barfo]

It is you that wants to cherry pick. You mentioned cost of mortgage payments, which tend to remain the same for 30 years. As 41% of the makeup of CPI, it really dulls the calculated number.

When removed, inflation looks like over 10%. And that squares fully with my statement that printing money is causing inflation, witness the price of groceries.

How am I cherry picking? I mentioned mortgages only because your source mentioned mortgages.

Yes, if you remove all the things that haven't increased in price, the price increase appears higher.
Here's a similarly insightful analysis: If you exclude the losses, the Blazers are undefeated!

barfo

 

[Denny Crane]

How am I cherry picking? I mentioned mortgages only because your source mentioned mortgages.

Yes, if you remove all the things that haven't increased in price, the price increase appears higher.
Here's a similarly insightful analysis: If you exclude the losses, the Blazers are undefeated!

barfo

How do payments on a 30 year fixed mortgage increase due to inflation?

YOU mentioned mortgages and complain about methodology that removes the 41% weight they have on CPI.

I've got news for you. If you never buy anything, the price you pay won't go up.

See, I can say things as stupid as you do!

 

[barfo]

See, I can say things as stupid as you do!

How did those unskewed polls work out for you?

barfo

 

[Denny Crane]

How did those unskewed polls work out for you?

barfo

How do red herrings work for you?