Article

2011-08-18 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Frozen Al 2011-08-18 16:20|| || Front Page|| [4 views ] Top

#1 THIS is not news.

Posted by Redneck Jim 2011-08-18 17:45|| 2011-08-18 17:45|| Front Page Top

#2 So does unemployment, inflation and the misery index.

Welcome back Carter.

Posted by DarthVader 2011-08-18 18:09|| 2011-08-18 18:09|| Front Page Top

#3 Karla Washington worries how she will afford new school uniforms for her five-year-old daughter. Washington, an undergraduate student, earns less than $11,000 a year from a part-time university job.

I'm entitled to get a degree. I'm entitled to have a child. Y'all are entitled to pay for it! [/Karla]

Posted by Bobby 2011-08-18 18:52|| 2011-08-18 18:52|| Front Page Top

#4 "Welcome back Carter" We just need to add double digit inflation. Hostage crisis. Gas lines. Thank God I'm a country boy came out in 1975. We don't need another Tip O'Neil puh-lease!. Hey but Gunsmoke was still on. Last year 1975.

Posted by Dale 2011-08-18 19:05|| 2011-08-18 19:05|| Front Page Top

#5 just need to add double digit inflation

We HAVE double digit inflation - you just haven't seen it in the official numbers because of their peculiar accounting techniques. Check raw material prices - through the roof, and for over a year. Consumer prices have not gone up much, because profits are being squeezed out of the system, which is still inflation, and will show up before long. Oh, and interest rates are being held artificially low by any historical standard (by printing new money), which eliminates investment and savings income - which is another way of expressing inflation. That too will eventually come undone.
Take the annual deficit - say $1.5 trillion (low est.) - and divide by the GDP - say $15 trillion - and you get double digit inflation.

Posted by Glenmore 2011-08-18 19:52|| 2011-08-18 19:52|| Front Page Top

#6 Glenmore yes it does feel like it. I just had a bad thought, that Obama would be worse than Jimmy Carter. I don't recall unemployment being as bad as it is now. They play with the numbers as you demonstrated. Next we will have to wait and see what Ben has up his sleeve September 26th. Then budget fun and games September 30th.

Posted by Dale 2011-08-18 20:06|| 2011-08-18 20:06|| Front Page Top

23:24 DarthVader
23:23 USN,Ret.
23:14 USN,Ret.
22:49 Halliburton - Mysterious Conspiracy Division
22:45 mom
22:34 trailing wife
22:24 chris
22:16 Farmin B. Hard
22:10 The MOSSAD
22:05 trailing wife
22:04 Penguin
21:53 Eric Jablow
21:31 Barbara
21:25 RandomJD
21:19 Steve White
21:02 RandomJD
20:56 Anguper Hupomosing9418
20:40 lotp
20:34 lotp
20:21 rjschwarz
20:06 Dale
19:52 Glenmore
19:51 Eric Jablow
19:46 Glenmore