Cost of living in US = record high!!!

Discussion in 'Politics' started by skookerasbil, Mar 17, 2011.

  1. skookerasbil
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    skookerasbil Gold Member

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    News Headlines

    US Cost of Living Hits Record, Passing Pre-Crisis HighPublished: Thursday, 17 Mar 2011 | 4:09 PM ET Text Size By: John Melloy

    One would think that after the worst financial crisis since the Great Depression, Americans could at least catch a break for a while with deflationary forces keeping the cost of living relatively low. That’s not the case.

    A special index created by the Labor Department to measure the actual cost of living for Americans hit a record high in February, according to data released Thursday, surpassing the old high in July 2008. The Chained Consumer Price Index, released along with the more widely-watched CPI, increased 0.5 percent to 127.4, from 126.8 in January. In July 2008, just as the housing crisis was tightening its group, the Chained Consumer Price Index hit its previous record of 126.9.

    “The Federal Reserve continues to focus on the rate of change in inflation,” said Peter Bookvar, equity strategist at Miller Tabak. “Sure, it’s moving at a slower pace, but the absolute cost of living is now back at a record high in a country that has seven million less jobs.”






    I guess one could say..........Hope and Change For the Lose!!!!:fu:


    My its a hoot to be a conservative on this forum these days!!! Althugh I dont know.......perhaps there are some on this forum who think this is good news???:dunno:


    And Im laughing.........you look on this forum and see the titles of the threads posted up by frustrated and miserable liberals and they are quite laughable. Threads about Sarah Palin..........Wisconsin........Class Warfare.........More Sarah Palin..........Florida train project...............


    Political drivel in the broad scope of things. The Dems in charge of the whole gig the past two years and the country is going to hell in a hand basket.

    Anybody got the "Miss me Yet?" billboard to post up here????
     
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    Last edited: Mar 17, 2011
  2. Late2TheParty
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    Late2TheParty Classical Liberal

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    I wonder how much of it is due to changing corn (food) to fuel?

    It's a total loss it seems, as according to Consumer Reports it reduces mileage below that of the volume of gas it replaces plus raising food/meat prices.
     
  3. skookerasbil
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    skookerasbil Gold Member

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    Last edited: Mar 17, 2011
  4. skookerasbil
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    skookerasbil Gold Member

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    C'mon.......conservatives on this board took their lumps back in 2008 and indeed it stung.............

    But im starting to think that Boob McNut could run in 2012 and dominate the electoral college..........
     
  5. Gadawg73
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    Gadawg73 Gold Member

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    Health care costs, at an average gain of 15% a year for the last 20 years, is the #1 reason over time but gasoline is by far #1.
    When energy and health care consume 1/3 of the working man's income Americans need to wake up and acknowledge we waste too much energy and over utilize the speciality health care market.
     
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  6. JFK_USA
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    JFK_USA Gold Member

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    You're blaming this on Obama? This is from the best friend bankers and oil Tycoons that you love. Obama will easily win in 2012, thats why no republican wants to run.
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Oh yeah... $5 gas, inflation/stagflation, $50,000,000+ unemployed, dead housing market.... yep, quite a record.
     
  8. Trajan
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    Trajan conscientia mille testes

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    you are dreaming, food and fuel are not part of the inflation index...everything's jake......:eusa_whistle::lol:
     
  9. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    What's frightening is that it's still cheaper to live here than in Europe.
     
  10. Old Rocks
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    Old Rocks Diamond Member

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    Unless you get sick without insurance. First, you lose your job. Then you get sick. And lose your savings. Then the wife or a kid gets sick, and you lose your home.

    And then people state that you are a lazy bum for letting all of this happen.
     

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