Tuesday, February 15, 2011

"The Real Economy"

From Maggie's Farm:
"Official statistics indicate little inflation, and the Federal Reserve is eagerly trying to create more. However, the official rate of inflation is heavily weighted by items we already own that have fallen in price, like houses, and discretionary purchases, like furniture, appliances, electronics, autos and things you find at the going-out-of-business sales. But, the prices are rising -- often rapidly -- of most things you actually need to buy, food, gas, medicine and health care, education. That doesn't leave much dinero in most people's budgets to go out and buy a house, furnish it, replace the car, turn up the sounds. Except for the sounds of moaning at assurances and excuses by the Obama administration and its enablers."

Posted by Bruce Kesler at 22:17 | Comments (8) | Trackbacks :

No comments: