Reply #4: Tame inflation... job growth = BS [View All]

[newportdadde]

Please get real AP. The American people aren't the brightest bulbs sometimes but they aren't complete idiots. Normal people, not talking heads go out and buy grocers, fill up their cars and groan to themselves as they do so. Inflation is here and its real, the BS calculations used by the government conveniently leave out real costs like gas etc.

Simply put costs have gone up and wages have not we are starting to flirt with stagflation. The amount of discretionary money available to the consumer has dropped and its effecting industry, entertainment etc, that movie ticket money is now being dropped into a gas tank instead of the latest tear jerker or action movie.

The stock market has done jack and when people get their 401k statement they see that. If we didn't have the housing bubble to allow consumers to pile debt onto themselves you would see the standard of living in the US slipping even further and faster.