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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Tradelite who wrote (56106)3/17/2006 5:27:08 PM
From: Mike Johnston  Read Replies (3) of 110194
 
This WSJ article is laughable, it uses twisted logic and even one outright lie. It looks like a part of an official propaganda effort.

Here is one example:

Consumers who complain that the govt understates inflation may really be saying that their paychecks don't seem to go as far as they once did. For many Americans, that is true, But it isn't that prices are going up faster than the govt estimates. It is that their wages aren't keeping pace. Blame the boss, not the BLS.............

This actually is a propaganda technique, pay attention to the phrase "may seem to be saying" which takes two statements that are true (1. govt understates inflation 2. paychecks don't go as far ) and manipulates an unsophisticated reader's mind to believe that the first one is not true.

So government officials know better what an individual is saying ? "You are not really saying this, you seem to be saying that".
And your loss of purchasing power is is not due to inflation but your incompetence in life.

Compare this:

People who complain about increasing numbers of potholes in the streets may really be saying that their cars are not good enough to transport them in comfort. For many county residents that is true, but it is not that roads have more potholes, it is their cars that are subpar. Blame your car , not the Road Department.
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