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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: mel221 who wrote (137798)	9/28/2013 9:00:42 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Over in Washington state, the minimum wage is indexed to inflation. In January 1, 2010, the wage was $8.55. In January 1, 2013, the wage was 9.19. That's 7.5% over 3 years. Yep... no inflation in Washington state either. Its true there is some inflation....probably around 2% per year. That is hardly the stuff of nightmares that MM is suggesting. I guess nobody is watching the return of house flipping in Southern California either. House sold in January for 700K is now for sale for only 1.1M. Happening all over the coast. Its not inflation because "Its different this time!". Its not inflation. Its buying low and selling high. That's what flippers and stock investors do. Bernanke is printing $85B each and every month and some here cannot find inflation... Not unexpected really. Those looking for inflation among the goods and services purchased by the 99% will generally find little... All those Bernanke Bucks are going to the 1% while barely a trickle makes its way to the 99%. Obama and Bernanke have been the Dream Team for the 1%. And I personally thank them both. Of course the 1% benefit. They benefit in bad times and good times. Tell us something we didn't know. And its not like the rest of us didn't benefit either because we did. Bernanke did what had to be done.........we were faced with a serious bout of deflation and he stopped that from happening. That's what he saved our asses from........show some respect and appreciation. And tell your pols to stop screwing with the debt ceiling. You Rs want a revolution? Well we'll give you a revolution but it won't the one you all were planning on.