In article ,
"Dave" wrote:

"cat daddy" wrote in message
...
Let 'em eat powdered cellulose...

Prices for key foods are rising sharply
http://www.mcclatchydc.com/227/story/18902.html

"Meeting with economic writers last week, President Bush dismissed
several polls that show Americans are down on the economy. He expressed
surprise that inflation is one of the stated concerns.

"They cite inflation?" Bush asked, adding that, "I happen to believe the
war
has clouded a lot of people's sense of optimism."

But the inflation numbers reveal the extent to which lower- and
middle-income Americans are being pinched.

The Bureau of Labor Statistics said in its June inflation report that egg
prices are 19.5 percent higher than they were in June 2006. Over the same
period, according to the department's consumer price index, whole milk was
up 13.3 percent; fresh chicken 10 percent; navel oranges 19.8 percent;
apples 11.7 percent. Dried beans were up 11.5 percent, and white bread
just
missed double-digit growth, rising by 9.6 percent.

These numbers get lost in the broader inflation rate for all goods and
services, which measured 2.7 for the same 12-month period. Across the
economy, rising food prices were offset by falling prices for things
bought
at the mall: computers, cameras, clothing and shoes."

I am not sure the inflation was "offset" by falling prices on other
items. I believe the GOV just simply did not include food and fuel for
the inflation mix. They "the GOV" likes the numbers to just look good.

Just for the same reason the GOV no longer uses the term GNP. The GOV
now uses the term GDP. GDP numbers just looks so much better than GNP.
Gross National Product was for U.S. companies only. Gross Domestic
Product is for American and Foreign companies in the U.S..

Unemployment rate use to be the number of people that were unemployed
and looking for a job. Now they use telephone surveys for those looking
for a job and those receiving unemployment benefits. The latter numbers
look so much better than the first. Also minus the farm job employment.

I for one no longer trust any number that comes from the GOV.

I just use simple definition from my Cynic's Dictionary:
A Recession is when your neighbor is unemployed.
A Depression is when you are unemployed.

Enjoy Life ..... Dan

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Email "dan lehr at comcast dot net". Text only or goes to trash automatically.