During the term of Comrade Barack Obama prices have been increasing according to data from the Bureau of Labor Statistics.
- Gasoline has jumped 83 percent
- Ground beef has gone up 24 percent
- Bacon has gone up 22 percent.
- Ice cream prices for a half-gallon increased 19.1 percent.
Both corrupt political parties have agreed with each other to "fix" the way economic numbers are calculated. The Media and Beltway Power Elites tell you only what they want you to know.
But the truth is out there . . . read on.
11% True Inflation . . . not the 3% the government claims
The CPI-U (consumer price index) is the broadest measure of consumer price inflation for goods and services published by the Bureau of Labor Statistics (BLS).
While the headline number usually is the seasonally-adjusted month-to-month change, the formal CPI is reported on a not-seasonally-adjusted basis, with annual inflation measured in terms of year-to-year percent change in the price index.
In the chart we show SGS-Alternate CPI estimate based on the methodology which was employed prior to 1980. (Shadow Government Statistics)
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23% True Unemployment . . . not the 8.5% the government claims
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment. (Shadow Government Statistics)
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The blue line shows that our economy is SHRINKING, not growing like the politicians claim. |
Our Gross Domestic Product went down by 2.5% . . . not a 1.8% increase like the government claims.
The SGS-Alternate GDP reflects the inflation-adjusted, or real, year-to-year GDP change, adjusted for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting. (Shadow Government Statistics)
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(CNS News)
Never, ever question your Liberal Puppetmasters in Washington. Only a "crazy" person would believe our Masters would lie to us. |
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