In response to:

24 Million Martyrs

Magna Wrote: Jan 11, 2013 7:35 AM
Look around and ask around -your friends and neighbors -if you still have any- see how they are doing -is it bologna or steaks on the grill ? is it Merlot or Boone's farm ? Is it Pizza or Pigs on a Stick ? Is it Shadow Puppets or the latest DVD ? Do the lights in the house have to be turned off early and also the furnace -do you have to cut back at the grocery store or clothing or other things you used to just take for granted now you think twice before purchasing or do so only for special occasions? Sad really as they say there is no inflation -have you noticed the Hidden Inflation -Downsizing of containers and packages -much smaller and the items in them are smaller also -that is how they keep the cost down !
FletchforFreedom Wrote: Jan 11, 2013 4:38 PM
Hey, I'm as appalled by the Moron-In-Chief as you are and there are plenty of legitimate complaints about that economic ignoramus. But when we make mistakes, the Left jumps on us in a bogus effort to discredit all complaints so we have to make sure that our crtitcisms are legitimate.

Again, there are perfrctly legitimate complaints about how inflation is recorded and reported; it's just that smaller packaging isn't one of them.
Magna Wrote: Jan 11, 2013 11:36 AM
Blow it out your Obama Professor !
FletchforFreedom Wrote: Jan 11, 2013 9:05 AM
Careful, Magna. There is no doubt that the administration is underemphasizing inflation, first by emphasizing only core inflation (when food and energy costs rose rapidly earlier in his term) and by overlooking the eventual impact of expanding the money supply in such a way that price inflation is inevitable once greater lending takes place. But the "portion size" complaint doesn't hold - inflation is captured by looking at a basket of goods including volume - not per package. If the price stays the same but the package shrinks, it is still captured as real price inflation.

I wish Obama and the Democrats could be as passionate about jobs as they are about, say, the contents of Happy Meals. Or the dust from cement factories. Or the habitat of the red-cockaded woodpecker.

While the wizard of DC remains a master of illusion and delusion, focusing everyone’s attention on the man behind the curtain- and his 20 Little Martyrs- the jobless recovery now enters its fifth year with no signs that hiring will be picking up soon.

So instead of worrying about the peckers, I wonder about the 12 million martyrs who remain unemployed. And the 3.6...