Well it’s no surprise to anyone. From Drudge:
Higher costs for energy and food last year pushed inflation up by the largest amount in 17 years, even though prices generally remained tame outside of those two areas.
I know that Rush is really having a hard time with this. He just doesn’t want to have to escort us down the dreary road of a recession. Glenn Beck on the other hand is convinced this is the next Armageddon – or at least pretty close. I kinda think that Glenn is more on target. If you haven’t had a chance to check out Shadow Stats to get the real truth on the economy, now is a good time. Basically the bunk you hear about from most politicians and the MSM are spewing stats that the government decided to inflate to make things look more hunky dory. They actually leave out energy and food from their ratings. So what actually going on is much worse. Compounded is the worthless dollar. Gold has soared to $800 or so in the last few weeks.
Americans are in massive debt and America itself is in massive debt. The cranks and levers to fix it are maxed out. ABC news reports that the Fed may be dropping interest rates another .05% but that the effects may not be “felt for months.” The dollar is sinking fast and at any point in time, China or someone else, could dump dollars into our economy shifting London to become the new Wall street. What was even more pathetic is that our President was begging for more oil from the Saudi’s this week and was refused. Can you say that we are d-e-s-e-p-e-r-a-t-e?
One argument Rush uses, and I don’t know which report it is, says that the middle class is shrinking presumably because the middle class are “moving up” in the world. Maybe, but the stats are listing by “household”. I have yet to hear anyone say this out loud but it is simply because our whole economy is based on at least two people per household are bringing in money.
So what about those of us who are living on one income, doing all the right stuff, home schooling, and all the other duties and responsibilities of being a CFO (Chief Family Officer) living under the 100K black line. This is THE segment of the population that IS hurting. We don’t admit it because we are boldly going where few people dare to tread. Living on one income to stay home and actually raise children ourselves is now one of those rare oddities. I look at it as the fine art of nurturing souls. And it seems to be paying off one of mine (10 years old) studies Real Clear Politics every day (PS2 on the weekends) but at this rate he’s either going to become a statistician like his uncle or he’s going to run for president.
So what would be a more accurate description is that the real families of America are biting the bullet of unbelievable financial sacrifice to raise their own children to be the future of America. Financially we all know the death grip is only going to squeeze tighter. But I can tell you that the people who have chosen to staunchly fight against what feels like every effort in the world to destroy the family are willing to pay that price.
So Rush, there might be one factor you might be missing is that there are many noble families stalwartly living the American Dream of Dad off to work and the boys wrestling in living rooms, chasing the dog around the house who’s stealing toilet paper and turn on talk radio every second they can to listen to you and Glenn and Sean, and of course, whine about getting their school work done. And mom doesn’t make a dime in all of it.
Here’s some more things to take a look at: