Re: Price of gasoline drops! According to the federal government, anyway.

"Viking" <noway@[EMAIL PROTECTED]
> wrote in message 
news:ga5m24pvnjra9qjq4ekug1a1tgfrjpvaek@[EMAIL PROTECTED]
> The price of gas just dropped 0.2% in April, according to the Bureau
> of Labor Statistics (the people who do the Cost of Living Index).
>
> And as a result, inflation over the last 12 months, including energy
> and food prices, has dropped from 4.4% to 3.9%.
>
> What revolting garbage! Inflation at 3.9%???

Of course they have to manipulate the figures. There are millions of
geezers 
collecting SS and it increases every year based on inflation. They'd go 
broke if they had to increase it 10-20%.



 It's obviously running at
> more than 10%. Gas prices here are up 74% since last year. Groceries
> are up 37% from what they were a year ago, by our personal estimates.
>
> Why does the media buy these Orwellian figures and simply re****t them?
> Inflation 3.9%?? Gas price drops 0.2% last month??
>
> What???

Not too good at math are you? That's less than a penny on a $4 a gallon
gas. 
haha

1/5 of 1%. figure it out
>
> Why is there no independent effort in the media to find out what these
> numbers really are? Anyone know of such efforts? I've seen a couple of
> economic newsletters that said inflation is running at more than 10%,
> but nothing in the mainstream press.
>
> Only thing I've seen on these absurd figurres so far is this (from
> http://www.usatoday.com/money/economy/2008-05-14-consumer-prices_N.htm):
>
> "Wachovia Economics Group, commenting on the seasonally adjusted drop
> in the price of gasoline, wrote to clients: "The drop makes absolutely
> no sense. Where does the BLS buy their gas?"
>
> Anyone know why the hell no one disputes these fake figures?
>