So if you still had any doubt about the real focus of the government...

[WCGreen]

Just take a gander at the latest inflation news...

Inflation rate for the month of Sept was 0.3%...

Year over year, the rate has been 2.8%...

Okay that's what they say, but here is what they act on...

Inflation rate less volatile fuel and food costs...

That rate just happens to be 0.2% for Sept and 2.1% year over year...

So what does this mean...

Well, the people who have enough money to absorb the volatile food and energy spikes, those who just happen to be in positions of power to make economic decisions that will effect the rest of us, see that "core" inflation rate as a blip on their radar...

Perhaps the total expenditure on food and fuel in their household is around 7-8% of their total income...

But for the rest of us have have to deal with that volatile part of the inflation rate while watching our incomes eroding fast as wage growth hasn't even kept pace with productivity...

Oh well, makes me feel a little special that I am going to see 2.3% COLA increase in my disability payments...

Well, can't talk too much, have to take that cadillac out for a ride and help my dozen or so children get back to their momma's so they can get counted by the welfare people...

It's hard being poor in America...

Thank god I voted for Ronald Reagan...

[applegrove]

1. Good catch. The investor class seems to have everything purring along

just fine for themselves (the stock market has roared for the last few years). I guess that is what "asymetric" means. An Asymetric economy where the rich get out of paying taxes and they pile up on the middle class to pay for this war and the War industries profits.

[WCGreen]

2. It's not only that...

The wealthy have the most to lose from social breakdowns...

They have a higher stake in the well being of the country...

It's only logical that they should pay more in order just to preserve the status quo...

[applegrove]

3. Not to mention the billions that were poured into the money markets this last month.

Plus, as someone said the other night, rich people in the stock market use more roads (their corporations do), more police, more firemen, more army than the average joe does. So they should pay more. They are getting more services.

[WCGreen]

4. Exactly!!!!

[bbinacan]

5. If the higher 2.8% you

quote includes food and energy, inflation is well below historical averages. Wage growth of course, is another issue.

[WCGreen]

7. But still the inflation in fuel and food is just zapping the people

clinging to the lower rungs of that income ladder...

So what if a 06 Bently remains the same as an 07....

[CaliforniaPeggy]

6. Well said!

You always seem to point out the fine print that most of us don't catch...

K&R

:patriot:

[WCGreen]

8. Thanks!!!!!