The Administration is telling us that inflation is under control. A lie.
Reuters headline, "March consumer prices up 0.6 percent." That would be an annual inflation rate of 7.2 percent. But, of course, inflation is under control! Then, the lie continues.
Core inflation is under control.
A 10.6 percent jump in gasoline prices last month eclipsed a 0.3 percent gain in February and was the largest increase in 1-1/2 years since a 17.4 percent gain in September 2005.So energy isn't one of your core purchases. Gasoline is a luxury.
But excluding food and energy, consumer prices edged up by a slim 0.1 percent in March following increases of 0.2 percent in February and 0.3 percent in January. Wall Street economists had forecast that overall consumer prices would gain 0.6 percent and that core prices would be up by a slightly larger 0.2 percent.And, food isn't a core purchase either. What exactly is left for consumer purchases? Furs? Diamonds? Baseball Teams?
Remember Saxby Chambliss is pushing a bizarre tax scheme called the "FairTax" which he calls a voluntary tax system. By a show of hands, who wants to be the first volunteer to live without food? Heat? Water?
Conservatives LIE.
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