Who Are You Going To Believe: The Government or Your Thinning Wallet?
- added May 16, 2008
- 2 responses
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- Conniepae
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- News and Politics (21477)
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by: Robert Wegner
The government really does like to mess with its numbers, although the Bureau of Labor Statistics did state in their report that the price of gasoline was up, when it came time to record the price change for gasoline in their seasonally adjusted index, they recorded a decline in the price of gasoline. Here’s the BLS in their own words:
On a seasonally adjusted basis, …the transportation index declined 0.7 percent in April, reflecting a 2.0 percent decrease in the index for gasoline.
Wall Street rallied yesterday on this bit of bogus inflation data.
Here’s the real scoop from The Daily Fuel Gauge Report from the Automobile Association of America: In April gasoline prices were up 11.5% from their price of $3.39 a gallon a month earlier. And, the cost of gasoline has risen 22% from its year-ago price of $3.10 a gallon.
The government really does like to mess with its numbers, although the Bureau of Labor Statistics did state in their report that the price of gasoline was up, when it came time to record the price change for gasoline in their seasonally adjusted index, they recorded a decline in the price of gasoline. Here’s the BLS in their own words:
On a seasonally adjusted basis, …the transportation index declined 0.7 percent in April, reflecting a 2.0 percent decrease in the index for gasoline.
Wall Street rallied yesterday on this bit of bogus inflation data.
Here’s the real scoop from The Daily Fuel Gauge Report from the Automobile Association of America: In April gasoline prices were up 11.5% from their price of $3.39 a gallon a month earlier. And, the cost of gasoline has risen 22% from its year-ago price of $3.10 a gallon.
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George Bush declares that we are not undergoing inflation just as gasoline companies, such as Exxon Mobil, record their highest ever quarterly rate of profit.
It all makes no sense. Does the government really think that it's people are that ignorant?-
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- singersteph08
- 2 months ago
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They apparently think the spin we have been getting for the past 7 years has worked. They think we are all dizzy!
I don't get dizzy from spin, it stimulates my mind! I look for ways to counter the spin, with facts.
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