Gasoline Prices and Speculators: They Think You Are Stupid

[Ricter]

Quote from Hello:

I already said what i would do to address this in my intitial post, and i fully believe what you are saying,(as it pertains to the middle class in the private sector) but re-read my initial post and look at why i think we are fucked from all angles as it pertains to that problem, and current government policy.

I am working on a response to your initial post right after this, i simply wanted to respond to denner cause he was the first to respond to me.

Sorry mate, I did not read your post, my first reply was actually to the OP. I have heard your ideas, in another thread, for returning work to our own middle class, and while I think it's a bit off target, it might be workable with modification. Certainly worthwhile adding it to our kit. But there is nothing wrong with Obama's initiative to double our exports, is there? They are in fact growing faster, and that is undeniably a good thing, though it might be short-lived--everyone wants to do the same.

Would you like me to post graphs regarding the so-called explosion of the public sector under Obama? Or should I just say, "it aint so"? : )

 

[Ricter]

Quote from denner:

Not even witty.

Maybe you can get your neighbor, Gabfly to write copy for you.

Lol, more of the same. Ok, my turn:

I get Gabfly. But you...

Enlist this guy's aid:

<img src="http://upload.wikimedia.org/wikipedia/commons/d/d7/Slugs_1896.png">

thereby doubling your IQ. You'll write better copy, and he'll no doubt let you keep the byline!

 

[denner]

Right, the old "IQ retort".

Who is the guy who did the hack cut and paste job on this thread, instead of actually analyzing the original post?

You hide behind alot of one liners and other troll gimmicks, sort of a smug, smart ass way of life for you.

I just feel the need to call out schmucks who have a habit of derailing threads for no particular reason.

 

[Ricter]

Quote from denner:

Right, the old "IQ retort".

Hey, "not even witty" is pretty weak, too.

 

[377OHMS]

Quote from Ricter:

Krugman explains it well

Grow a brain.

 

[Ricter]

Quote from 377OHMS:

Grow a brain.

I'd get ahead of you, that's not fair.

 

[Hello]

1. Core inflation is not flat not flat over the past three years. Check any chart you want but the fact remains that 2 of the 3 things that are most meaningful to consumers (food, and energy) are skyrocketing. And it has alot to do with the dollar, and keynesian economics. The dollar is20% off the highs by anyones standards. That in and of istself is a 20% tax on every single thing we have to buy. The only thing the fed has been unable to inflate is housing prices. Wait until the banks really open up the spigot. You really think when the banks start lending (at normal levels) again we arent going to go through incredible inflation on housing and everything else?

2. I never implied government wages "sky rocketed" recently. However Government wages are currently drastically outpacing private sector wages, and people in the government are still getting raises that outpace inflation in the current environment. Where private sector workers are just fighting to try to find a job.

The mere fact that government spending remained the exact same(according to your chart) while millions of people in the private sector lost their job is proof enough for me that government spending is continuing to outpace tax revenue, and private sector wages. I have many different sources which say that Obama has drastically imcreased government spending since 2009, so i doubt this chart.

I summed up exactly what is happening here in my initial post. Government sector wages are competing with , or beating inflation, while private sector wages remain totally flat.

Now this wouldnt necessarily be a problem..... If Bush, Obama, Greenspan, and Bernanke werent working feverishlly to inflate asset/commodity prices and destroy the dollar. The private sector is getting completely screwed on this one, their wages are not even coming close to competing with inflation.


I think i addressed it all, but i dont know.

Quote from Ricter:

Core inflation is flat. But all prices should be rising if our problem is "printing money". Energy is clearly rising, but it's not really the American consumer bidding it up, neither is it a lack of US drilling--both are very small contributors.

http://www.bnn.ca/News/2011/04/15/US-core-inflation-rises-mildly-in-March.aspx

Re the devaluation of the dollar:

(Ok, I blew the pic upload)
http://www.research.stlouisfed.org/fred2/graph/?chart_type=line&recession_bars=Off&s[1][id]=DTWEXB

And re QE2:

Krugman explains it well, but if you don't like him and therefore assume his reasoning is faulty, then by all means follow the links:

http://krugman.blogs.nytimes.com/2011/04/24/qe2-disappointment-wonkish/


Edit: re the "massive" growth in federal spending:

<img src="http://unsettledaccount.com/wp-content/uploads/2011/04/Taylor-op-ed-WSJ-4-22-112.jpg">


Edit: "wage inflation on a tear":

<img src="http://www.epi.org/page/-/old/webfeatures/snapshots/archive/2008/0618/Snapshot_chart_750.jpg"

 

[Hello]

Quote from Ricter:

I'd get ahead of you, that's not fair.

Hate to say it Ricter, but 377OHMS is right, Krugman is a jackass, he is as bad as Robert Reich.

I took economics, and there isnt an economics teacher in the world who teaches you that the path to prosperity is big government. (and this is in university, where left wing bias is a norm) Krugman and Reich are rigid idealogues, with no basis in economic reality.

 

[Ricter]

Quote from Hello:

Hate to say it Ricter, but 077OHMS is right, Krugman is a jackass, he is as bad as Robert Reich.

I took economics, and there isnt an economics teacher in the world who teaches you that the path to prosperity is big government. (and this is in university) Krugman and Reich are rigid idealogues, with no basis in economic reality.

I don't see anything by Krugman that advocates big government merely for the sake of big government. I think his attitude, while highly partisan, still fits entirely within, "government is a necessary evil. Some emphasize necessary, and others emphasize evil."

Edit: at any rate, like I said, you don't have to take his "word for it", he's pulling data from a lot of different sources.

 

[Hello]

Quote from Ricter:


Edit: at any rate, like I said, you don't have to take his "word for it", he's pulling data from a lot of different sources.

One can find data to support any claim. The most important thing that pertains to economics is the chart below. The entire ball of wax is based on something that is incredibly simple.

Krugman and other liberal "economists" feverishly try to fudge economic numbers/reality to make their point. The government constantly tries to defy the laws of gravity, economics really is this simple my friend.