Untitled Document
Taking a Closer Look at the Stories Ignored by the Corporate Media
Donate | Fair Use Notice | Who We Are | Contact

NEWS
All News
9-11
Corporatism
Disaster in New Orleans
Economics
Environment
Globalization
Government / The Elite
Human Rights
International Affairs
Iraq War
London Bombing
Media
Police State / Military
Science / Health
Voting Integrity
War on Terrorism
Miscellaneous

COMMENTARY
All Commentaries
9-11
CIA
Corporatism
Economics
Government / The Elite
Imperialism
Iraq War
Media
Police State / Military
Science / Health
Voting Integrity
War on Terrorism

SEARCH/ARCHIVES
Advanced Search
View the Archives

E-mail this Link   Printer Friendly

ECONOMICS -
-

LIAR, LIAR, economy on FIRE

Posted in the database on Sunday, January 01st, 2006 @ 16:45:25 MST (1343 views)
by qrswave    the Truth will set you Free  

Untitled Document

Article after article declares that inflation has been kept in check between 2-3% annually. Shit, they even characterized Greenspan as an inflation-slayer!

But here I am, paying almost twice as much for a gallon of milk this year as I did last year, not to mention all other food groups. And of course, I'm paying a large chunk of my income (debt) for the damn gasoline I put in my car, not to mention subway fares, despite the claims that energy prices have relaxed. What gives?!!

No doubt, the mainstream media often LIES. I could go over examples ad nauseum. But more often than not, they merely massage the truth. Apparently, this is why those SOBs have been singing songs of victory over inflation:

Recent inflation data shows wholesale prices, excluding food and energy costs, have risen at a mere 2.6 percent for the last 12 months, while core consumer prices, which also exclude such volatile components, rose only 2.1 percent over the same period.

What on earth is left of "core consumer prices" after you've "excluded food and energy costs?!!" This sounds more like an inflation index for investors not consumers!

All this says is that within the group of products where consumer demand is elastic, prices are fairly stable. You're damn right they are! Consumers would stop buying in a heartbeat if they weren't! But, for goods that consumers have no choice but to buy, consumers are being screwed, royally!

In all fairness, I have to give credit to the author of this particular AP report, first for revealing the massaging technique her cohorts use to mask the truth. But also, for mentioning that bloggers like Jeff Matthews, who insists that his haircuts have gone from $17 to $22, are exposing the lies as they're told.

Caught again, lousy liars! If you're going to lie about something, pick a subject that's not as obvious as this. After all, we are the consumers!



Go to Original Article >>>

The views expressed herein are the writers' own and do not necessarily reflect those of Looking Glass News. Click the disclaimer link below for more information.
Email: editor@lookingglassnews.org.

E-mail this Link   Printer Friendly




Untitled Document
Disclaimer
Donate | Fair Use Notice | Who We Are | Contact
Copyright 2005 Looking Glass News.