Recession stagflation and economic reality.

Want to know the insanity of it all? All over the news we hear that we are not in a recession yet because the GNP has not shrunk for six month in a row. They also tell us we do not have high inflation because the government manipulated CPI does not reflect the true cost of living for most people.

Yet, what difference does it make what these pin heads call it? Working people and people on fixed incomes are quite aware that the costs of basic necessities have gone up 10 to 20 percent in the last year and that they only got a 2 percent increase in compensation. That means they lost over ten percent of their buying power in one year.

So let the egg heads call it what they want, but the common people know that we are getting worse off every month. Acting as if we are not in a economic crises because it just does not fall into your economic name category is deceptive and an insult to those who are losing their homes and jobs and cannot afford the increased costs of food, energy and medical care. We are now in the worst times since Jimmy Carter and it is going to get much worse now that the Feds will start dropping increasingly worthless dollars out of helicopters just so they do not have to use the “recession” word. By creating money out of thin air they are insuring that the price of everything will keep going up in the future. Meanwhile the Federal government and the media will keep telling us how fine the economy is because the GNP is expanding - Yeah, its expanding with increasingly worthless dollars.

Worries Grow for Worse ‘Stagflation’: Financial News - Yahoo! Finance

WASHINGTON (AP) — It’s a toxic economic mix the nation hasn’t seen in three decades: Prices are speeding upward at the fastest pace in a quarter century, even as the economy loses steam.Economists call the disease “stagflation,” and they’re worried it might be coming back.