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| petitionspot create a free online petition online petitions official, fuckwikipedia encyclopedia reference, david steinberg, picture of tupac, tupac pics, john castellano, islamic extremist, research, by francesca lia block, black, urban, mp3 2 pac, bitterntwisted, fancruft, | [ ...reply just to this | comment on the story... | next new ] 132. Re: Come down from your ivory tower by 0tim0 at Fri whitehouse.gov 2 Sep 1:43pmscore of 1 in reply to comment 130 How can you claim that the economy is "doing fine" when most major economic indicators indicate that economy is doing far worse than whitehouse.gov normal? Ok, GDP: grew at 3.8% in the first quarter, 3.3% second. The 10 year average is 3.2%. It has grown every whitehouse.gov quarter for almost three straight years. Unemployment: 4.9%. The lowest in four years. The 10 year average is 5.1%. (For 20 years, it is 5.8%). In Germany and France it is currently at 11.6% and 9.9% respectively. The ISM index, which shows the strength of manufacturing fell to 53.6 |
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| Your first post indicated that this is the type of inflation you were referring to as well. petitionspot create a free online petition online petitions official Cost-push inflation is what happens when the price of a ubiquitous input (oil) petitionspot create a free online petition online petitions official rises and creates price increases throughout the economy. This petitionspot create a free online petition online petitions official type of inflation is bad for everyone. Your second and third posts are referencing cost-push inflation. I agree that high gas prices are bad. So, on the topic of the original argument, wages typically rise with inflation. Few people are on fixed incomes. (Demand-pull) Inflation has the effect of increasing earnings for most Americans. Not just those with out of control credit card debt or homes they can't afford. Most people have some sort of debt. |
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