Under Obama prices go up

How much did consumer costs rise under 8 years of Bush, especialy in comparison with consumer buying power at the same time?
 
Yurt makes it obvious that he still puts personalities before principles.

Do you have any input on the topic at hand?
 
dune makes it clear he is a hack who thought legion was smart when he was a liberal, now he is not because he is playing a conservative

lol
 
Rune said:
Apparently Yurt has no valid input.

Conservative wins.
Click to expand...

saved

this is another idiot fail by dune, like when he said ignoring someone means you win.

i'll remember this when you and others have no input. and in fact, it makes you a loser because you routinely have no input to thread topics. dune self pwns again.

:palm:
 
Gene Sperling’s sports metaphors collided so often during the White House budget rollout that it’s a wonder the man didn’t pull a hamstring.

The head of President Obama’s National Economic Council suited up for a Monday afternoon news conference with a full lineup of athletic cliches. “We believe manufacturing punches above its weight economically,” he said, and the administration’s trade policy “will level the playing field against countries around the world.”

All the sports talk amounted to a head fake, or perhaps a quarterback sneak, because the real game the White House was playing was dodgeball: evading anything resembling a serious budget proposal.

The White House’s budget for fiscal 2013 begins with a broken promise, adds some phony policy assumptions, throws in a few rosy forecasts and omits all kinds of painful decisions. Even then, the proposal would add $1 trillion more to the national debt than Obama contemplated a few months ago — and it is a non-starter on Capitol Hill, where even Senate Democrats have no plans to take it up. It is, in other words, exactly what it was supposed to be: a campaign document.

The opposition picked up Sperling’s metaphor and ran with it. “He has punted again,” said Paul Ryan (R-Wis.), the House Budget Committee chairman.

link
 
The economic data that portend recovery are totally and completely inventions of Obama’s political operation. The reality is that no recovery is taking place!

Economist James Fitzgibbon, of the Highlander Fund, explains how cooked the economic statistics on which the president bases his claims of recovery really are.

Begin with “gains” in the stock market. Fitzgibbon explains that they are no indication of changes in the public mood because the public isn’t doing the investing anymore. He notes that HFT (high frequency trade computers) now “account for 80 percent [of the market's] daily business. No one else is left because they lost their money in 2008 and the public has fled the market … Total NYSE volume is 67 percent lower on average than in 2008. Volume is 29 percent lower this year compared to 2011. The prices [have] no serious meaning.”

Have consumers, as alleged, started borrowing again? Not really. Fitzgibbon explains that “credit use has surged only because the Obama administration changed the student loan program to a direct program and those loans are now counted as part of this metric. It is not comparable to anything prior to 2011.” And, he adds ominously, “massive credit card use as measured against actual verifiable sales shows the increase is in borrowed funds to pay for food! Not my idea of a healthy sign.”

How about lower unemployment figures? Fitzgibbon says they are a “joke.” He says that the Bureau of Labor Statistics has “completely changed the … metrics as of January 2012. None of the current percentages are relatable to anything prior to 2012!” He points out that the January unemployment data are heavily adjusted for “seasonal variations.” He notes that “the actual data [show that the economy] lost 2.7 million jobs in January.” And that’s just the numerator. For the denominator — the number of people in the workforce — the data “also shows about 1.2 million people magically left the workforce.” He says one has to go back to the early 1980s to see labor force participation as low as it is now.

Auto sales? He says “auto sales are when the manufacturer dumps cars and trucks on a dealer. Inventory stuffing! It has no relationship to actual sales to a consumer. Thanks to Obama, GM dealers are drowning in product no one wants to buy. It is a meaningless data point. Only dealer-to-consumer data is useful. It is not showing any growth at all.”

Housing? He says positive news in this sector is unreliable. “The raw data we get shows it is worse than last year and in some regions [the] worst ever since the ’60s.”

So it appears that Obama’s reelection strategy hinges on asking people to believe the data he puts before them rather than the evidence of their own eyes. It won’t work.

Any economic recovery is only publicly noticed eight to 12 quarters after it has taken place. Ask George H.W. Bush, who lost the 1992 election despite very positive economic news at the end of his term. Or ask Clinton, who lost Congress despite two years of favorable job-creation numbers. It takes awhile for the good economic news to sink in. And, when there is no good news, just faked government propaganda, it takes even longer to sink in!

People will understand that Obama’s data are a lie. The economy is not some abstract issue. Real people do not depend on changes in the unemployment-rate data to gauge their mood. They are more interested in whether they can get good jobs themselves. Obama’s attempt to rig the statistics won’t work. Indeed, it is a pathetic attempt.

link
 
icedancer2theend said:
Gene Sperling’s sports metaphors collided so often during the White House budget rollout that it’s a wonder the man didn’t pull a hamstring.

The head of President Obama’s National Economic Council suited up for a Monday afternoon news conference with a full lineup of athletic cliches. “We believe manufacturing punches above its weight economically,” he said, and the administration’s trade policy “will level the playing field against countries around the world.”

All the sports talk amounted to a head fake, or perhaps a quarterback sneak, because the real game the White House was playing was dodgeball: evading anything resembling a serious budget proposal.

The White House’s budget for fiscal 2013 begins with a broken promise, adds some phony policy assumptions, throws in a few rosy forecasts and omits all kinds of painful decisions. Even then, the proposal would add $1 trillion more to the national debt than Obama contemplated a few months ago — and it is a non-starter on Capitol Hill, where even Senate Democrats have no plans to take it up. It is, in other words, exactly what it was supposed to be: a campaign document.

The opposition picked up Sperling’s metaphor and ran with it. “He has punted again,” said Paul Ryan (R-Wis.), the House Budget Committee chairman.

link
Click to expand...


Just out of curiosity, who gives a shit what Dana Milbank thinks?
 
Yurt said:
saved

this is another idiot fail by dune, like when he said ignoring someone means you win.

i'll remember this when you and others have no input. and in fact, it makes you a loser because you routinely have no input to thread topics. dune self pwns again.

:palm:
Click to expand...

Says the moron who STILL has not added anything usefull to the thread. Thanks for trolling at JPP today. Would you like fries with that?
 
Prices for regular unleaded gasoline are up 12 cents on average in the past three weeks, according to the latest Lundbergh survey. They're poised to go higher still this spring, likely breaking the $4 barrier for regular unleaded and holding steady through the summer months, according to many analysts.


The day President Obama was inaugurated, the average price of a gallon of gasoline was $1.84. Today that average is $3.52, a spike of just over 90 percent.


Obama over the last three years has done everything in his power to cripple the increase in domestic supply and production. Clearly,world markets are taking a look at that and keeping prices high in response to American energy policy.

Read more: http://www.foxnews.com/politics/201...rices-comes-presidential-blame/#ixzz1mfiIqgJR
 
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