Fingerpainting
Consumers spent more on costly "durable" manufactured goods — such as cars and appliances. Such spending rose 2.1 percent. [Emphasis added] They also boosted spending last month on "nondurables," including food and clothes, and on services...
~ Reuters
It is specious to talk about how much more $ people are spending and using that as reason to try and say that people are actually purchasing more actual goods.
Do you not know that there has been a decline in the amount of goods that a dollar will purchase, i.e., inflation. For example, take a look at the price of that candy bar that you are eating right now. If you paid 80 cents a year ago, but you paid 82 cents today, based on the above kind of pseudo-analysis by this newspaper writer who is toeing the company line, they would say that YOUR consumer spending has risen 2.1% and use that to support the Obama bandwagon fantasy that you have bought 2.1% more candy bars than you did last year.
What falsehood and finger-painting there is going on nowadays. And they want us all to celebrate???
2 comments:
What I find really ridiculous is when the news media reports that 500,000 new unemployment claims were filed in the last month, and that shows that the economy is improving because the previous month there were 600,000 claims. How stupid are these people?
RKL
Good point. Another thing that I find disingenuous about such reporting is that it is like trying to say that the earth's temperature is rising because we went outside today and measured 75 when yesterday we measured 74.
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