What happened to all of the doom and gloom economic threads?

[4est_4est_Gump]

There is no inflation under Obama:


(Check this bold out Zip)

Under Obama, Price of Gas Has Jumped 83 Percent, Ground Beef 24 Percent, Bacon 22 Percent

(CNSNews.com) – So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics.

During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent.

When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26 percent. By December 2011, the price of regular unleaded gas per gallon was $3.28, an 83 percent increase from January 2009.

The price of unleaded gasoline never reached the 10-year high of $4.09 back in July 2008 under George W. Bush’s administration, but it did get close.

By May 2011, gas prices hit a high under the Obama administration at $3.93, about four percentage points away from the July 2008 high.

The U.S. city average retail price for one pound of 100 percent ground beef was $2.36 in January 2009. As of December 2011, that price had risen to $2.92—a 23.7 percent increase and a new peak. (Ground beef prices have risen every month since November 2009 – 26 months of price increases.)

Whole wheat bread prices from January 2009 to December 2011 increased about five percent (5.02 percent) from $1.97 to $2.07. (The inflation rate in December 2011 was 3.0 percent.)

Among the first 36 months of Obama’s presidency, the last four (September, October, November, December) showed the average price of one pound of whole wheat bread hovering slightly above two dollars.

Other refrigerated items like ice cream and bacon have increased by substantial amounts.

Ice cream prices, for a half-gallon, were $4.44 in January 2009 and $5.25 in December 2011, an increase of 19.1 percent.

One pound of sliced bacon in January 2009 was $3.73 and in December 2011 had climbed $4.55, an increase of 22 percent. The price hit a high in September 2011 at $4.82 per pound.

Whole milk prices averaged above three dollars 33 out of the 36 months since Obama took office. In January 2009, the price for one gallon of whole milk was $3.58; but by December 2011, milk prices had slightly declined less than one percent (0.28 percent) to $3.57 per gallon.

The average retail price of Grade A eggs per dozen from January 2009 to December 2011 increased by less than two percent (1.30 percent) from $1.85 to $1.87.

http://cnsnews.com/news/article/und...rcent-ground-beef-24-percent-bacon-22-percent

That's a lie!

There is no inflation!











If these are your taxpayers Obama, why do they flee?

http://www.allgov.com/US_and_the_World/ViewNews/Tax_Evaders_Renounce_US_Citizenship_120124

 

[richard_daily]

That's a lie!

There is no inflation!











If these are your taxpayers Obama, why do they flee?

http://www.allgov.com/US_and_the_World/ViewNews/Tax_Evaders_Renounce_US_Citizenship_120124

AJ, I know you're a genius at math, so perhaps you can explain to me how gas going from $4.09 under Bush, to a $3.93 high under Obama indicates some sort of rampant inflation... or inflation at all.

Please break it down for us.

 

[4est_4est_Gump]

AJ, I know you're a genius at math, so perhaps you can explain to me how gas going from $4.09 under Bush, to a $3.93 high under Obama indicates some sort of rampant inflation... or inflation at all.

Please break it down for us.

What war caused the Obama spike?

What was the price of bacon?

What was the value of a home?

 

[richard_daily]

What war caused the Obama spike?

What was the price of bacon?

What was the value of a home?

You forgot to answer the question... please go back and let me know how you'd work out the math to come to your conclusion about gas prices being 83% higher.

 

[unregistered]

 

[richard_daily]

Damn, you gotta learn how to read.

What I read didn't make any sense... Can you please clarify it?

How did Obama cause gas to spike 83%?

Please use the thesaurus if you need.

 

[unregistered]

 

[RobDownSouth]

See Vetty Squeal. Squeal, Vetty, Squeal!

Fuck you dunce, read it yourself, we're tired of schooling your dumb ass.

Can't do it, can ya?

Also, you cybered a dude.

 

[mercury14]

That's a lie!

There is no inflation!











If these are your taxpayers Obama, why do they flee?

http://www.allgov.com/US_and_the_World/ViewNews/Tax_Evaders_Renounce_US_Citizenship_120124

So instead of looking at the actual inflation rate, we should look at the price of broccoli?

So instead of looking at the actual inflation rate, we should look at the natural change in some carefully cherry picked commodity and food prices and pretend it's the same as the overall inflation rate?

Does that about sum up your position here?

 

[RobDownSouth]

So instead of looking at the actual inflation rate, we should look at the price of broccoli?

So instead of looking at the actual inflation rate, we should look at the natural change in some carefully cherry picked commodity and food prices and pretend it's the same as the overall inflation rate?

Does that about sum up your position here?

Psst....post 13181.

 

[mercury14]

Psst....post 13181.

No less than three logical fallacies above.

1. They don't use inflation-adjusted dollars.
2. They use a stacked-deck of data (relevance of first-three-years-of-presidency-aggregation vs. last year of Bush?)
3. They cherry pick just the items that have shown the greatest price increases.

Wrap it all up and you have one tailor-made poutrage for pathetic sons-of-bitches like Koalabear and Vetteman.

Also, Vetteman cybered a dude.

Those aren't really logical fallacies so much as flat out lies.

Vette cybered a dude?

 

[LadyFairfax]

No less than three logical fallacies above.

1. They don't use inflation-adjusted dollars.
2. They use a stacked-deck of data (relevance of first-three-years-of-presidency-aggregation vs. last year of Bush?)
3. They cherry pick just the items that have shown the greatest price increases.

.

If you are attempting to tell me that there is no inflation, why do you demand that I use "inflation adjusted dollars" for the comparison?

The last year of Bush, happens to be the prices that Obama 'inherited'.

Yes. They harp about such minor items as Fuel and Food, which affect only 300 million people in this country and leave out things like video games and computers which have not experienced inflation (due to decreased demand).

 

[richard_daily]

Fuck you dunce, read it yourself, we're tired of schooling your dumb ass.

I did read it. It didn't make any logical sense... much like most of what you post.

I asked you to clarify how it could possible be, and you ran like a little baby. Perhaps you can find something to use as a pacifier.

 

[mercury14]

If you are attempting to tell me that there is no inflation, why do you demand that I use "inflation adjusted dollars" for the comparison?

The last year of Bush, happens to be the prices that Obama 'inherited'.

Yes. They harp about such minor items as Fuel and Food, which affect only 300 million people in this country and leave out things like video games and computers which have not experienced inflation (due to decreased demand).

Why would you suggest he's trying to tell you there's no inflation? After all we've seen him post the actual inflation rates.

You seem to labor under several misconceptions. Not the least of which is this food and gasoline crap. Those things are impacted global supply and demand (as well as futures), and not so much inflation.

Stupid people are here saying that the change in price of [insert cherry picked good] is proof of inflation or even hyperinflation. They do this because they want to believe Obama is a failure... and well when they looked at the actual inflation rate they found that facts do not support what they want to hear. So they magically invent their own "true" measure of inflation. It's corn! No wait, gas!

A few months back we heard from Vette that cereal was proof of inflation but since it's price is on the decline well, cereal is no longer a valid measure. Now it's ground beef. At least until the price of beef naturally fluctuates downward again.

 

[richard_daily]

Why would you suggest he's trying to tell you there's no inflation? After all we've seen him post the actual inflation rates.

You seem to labor under several misconceptions. Not the least of which is this food and gasoline crap. Those things are impacted global supply and demand (as well as futures), and not so much inflation.

Stupid people are here saying that the change in price of [insert cherry picked good] is proof of inflation or even hyperinflation. They do this because they want to believe Obama is a failure... and well when they looked at the actual inflation rate they found that facts do not support what they want to hear. So they magically invent their own "true" measure of inflation. It's corn! No wait, gas!

A few months back we heard from Vette that cereal was proof of inflation but since it's price is on the decline well, cereal is no longer a valid measure. Now it's ground beef. At least until the price of beef naturally fluctuates downward again.

veteman is a pathological liar. He will grasp onto anything that allows him to feed his hatred for anything not 'straight', white, male, and republican.

 

[koalabear]

Ken dumped me, but at least I still have Daily and Merc to blow.

Sad.

 

[LadyFairfax]

Why would you suggest he's trying to tell you there's no inflation? After all we've seen him post the actual inflation rates.

You seem to labor under several misconceptions. Not the least of which is this food and gasoline crap. Those things are impacted global supply and demand (as well as futures), and not so much inflation.

Stupid people are here saying that the change in price of [insert cherry picked good] is proof of inflation or even hyperinflation. They do this because they want to believe Obama is a failure... and well when they looked at the actual inflation rate they found that facts do not support what they want to hear. So they magically invent their own "true" measure of inflation. It's corn! No wait, gas!

A few months back we heard from Vette that cereal was proof of inflation but since it's price is on the decline well, cereal is no longer a valid measure. Now it's ground beef. At least until the price of beef naturally fluctuates downward again.

Tossing out several strawmans and an ad hominem does conceal the fact that prices are higher and monetary supplies are also higher - the basics of inflation.

 

[NeverEndingMe]

veteman is a pathological liar. He will grasp onto anything that allows him to feed his hatred for anything not 'straight', white, male, and republican.

the only one lying is obama and those that fall into the dream.

here is your free kook-aide, UD

 

[richard_daily]

Tossing out several strawmans and an ad hominem does conceal the fact that prices are higher and monetary supplies are also higher - the basics of inflation.

You're talking about strawman arguments? You're in the middle of using one.

 

[RobDownSouth]

Tossing out several strawmans and an ad hominem does conceal the fact that prices are higher and monetary supplies are also higher - the basics of inflation.

And focusin' on cherry-picked items (BACON!) make inflation seem MUCH HIGHER!

BTW...can you explain to us how pointing out that the price of oil is subject to worldwide supply and demand is somehow as "strawman" and/or "ad hominem"?

 

[mercury14]

Tossing out several strawmans and an ad hominem does conceal the fact that prices are higher and monetary supplies are also higher - the basics of inflation.

Nope, you're the one supporting strawman arguments. You're just forgetting them or you're lying. Such as... your last post where you strawman-ed Rob for suggesting that there is no inflation? You fabricated a position he would never take (and has actually taken the opposite position) and then attacked him for it. Can't get any more textbook than that.

 

[mercury14]

And focusin' on cherry-picked items (BACON!) make inflation seem MUCH HIGHER!

BTW...can you explain to us how pointing out that the price of oil is subject to worldwide supply and demand is somehow as "strawman" and/or "ad hominem"?

How come we aren't looking at the price of computers to gauge inflation? They're about 1/3 as expensive as they used to be ten years ago and dropping this year more than ever. And they're filled with chips and silicone that are considered global commodities. Each computer is an aggregation of many tech commodities (hard drives, LCD screens, motherboards, etc), making them far more meaningful than just one thing (ie beef).

Using Lady's own logic we have now proved that there has been something like a -67% deflation rate over the last decade.

 

[NeverEndingMe]

How come we aren't looking at the price of laptops to gauge inflation? They're about 1/3 as expensive as they used to be ten years ago and dropping this year more than ever. And they're filled with chips and silicone that are considered global commodities.

Using Lady's own logic we have now proved that there has been something like a -67% deflation rate over the last decade.

So Merc where have you been? Maybe you came Bill Gates this time? last time you were a military shrink, then a accountant/ administrator that owned a computer repair business aka Celeberial ?

 

[mercury14]

Tossing out several strawmans and an ad hominem does conceal the fact that prices are higher and monetary supplies are also higher - the basics of inflation.

Prices are higher on some things and lower on other things because of basic market principals. Inflation is a tiny factor given that it's at a normal and healthy rate right now.

 

[koalabear]

So Merc where have you been? Maybe you came Bill Gates this time? last time you were a military shrink, then a accountant/ administrator that owned a computer repair business aka Celeberial ?

The troll thinks everyone forgot about him "sharing " accounts".