Inflation

[txswinner]

Our economy is not in a state of inflation, anyone know why. Look how we define the term. Maybe the worker is continuing to fall behind.

 

[EZLoader]

Re: Inflation

Inflation is down in US because we've been flooded with cheap foreign imported products. Domestic U.S. suppliers must either keep prices down, go offshore, or go out of business. But this approach to fighting inflation is suicidal for America. We are kidding ourselves that we can give our jobs away, continue to deficit spend and borrow money from the world.<br /><br />After a decade of flooding the world with record fiscal deficits and import/export trade imbalances the US dollar is fast becoming worthless paper to foreign investors. Look at how the dollar has eroded compared to other currencies. You are just now, through higher interest rates and commodity prices beginning to see what problems lie ahead for our nation. <br /><br />China has already started to flex its financial muscles and commodities such as oil, metals, chemicals will continue to cost more as all of the "third world nations" we sent our factories to begin to compete for those same items.

 

[txswinner]

Re: Inflation

Actually we are in a true state of inflation but because it is measured by the average wage of the American Labor force. There has been no increase in this money to indicate inflation although the corp and management teams on inflating prices at unprecedented pace. Inflation is actually rapide.

 

[gspig]

Re: Inflation

I thought that it was measured by comsumer price index, but the cpi does not include energy prices. I understand that energy prices fluctuate and that is why it is not included, but the cpi doesn't reflect an increasing energy cost until the price of products rise due to increased manufacturing costs. Workers still lose buying power because disposible income is needed for energy costs.

 

[K5WAS]

Re: Inflation

TSswinner, what you said makes no sence at all. We are not in an inflation state. The Fed has raised the interest rate yesterday for the 12th time since last year to keep inflation in check. Why did you do a 180 from your first message to your second?

 

[DJ]

Re: Inflation

txswinner,<br /><br /><br />EZLoader wrote:<br /><br />

Inflation is down in US because we've been flooded with cheap foreign imported products. Domestic U.S. suppliers must either keep prices down, go offshore, or go out of business. But this approach to fighting inflation is suicidal for America. We are kidding ourselves that we can give our jobs away, continue to deficit spend and borrow money from the world.<br />

There you go. A very good description of the US economy.

 

[txswinner]

Re: Inflation

I made my statements because, we are being mislead in believing that the economy is not in a state of inflation. Typical Stats. Prices are rising rapidly but not buying power of the public. The classes are separating and this is destructive to a free economy. Jobs must be saved and wages must rise. <br /><br />How: High Import taxes 50% on foreign cars,<br /><br />Stop illegals from working, fine employers who employee illegals not just ship a few back. Employers are not only cheating Americans out of jobs but also not paying their fair share of taxes.<br /><br />Jobs moved overseas such as the computer industry should be taxed to handle matters in US.<br /><br />We better catch on before this New World Order destroys our economic system. Yes, it is correct that China wanted to buy EXXON, the scary part is if the price is right EXXON will sell. It is all about money.

 

[K5WAS]

Re: Inflation

Think what you wish, the facts prove otherwise. I agree that we should have some control against ilegals working here. Jobs moved overseas is a non-issue. We gain many times over by the jobs that are exported to the US. Toyota alone employs over 200,000 in the US. I am not crazy about all the foreign cars sold here because it is affecting our car companies, GM is on the verge of bankruptcy and Ford is not far behind. Foreign car INPORTS are not the problem.<br /><br />China wanted to buy Union Oil and the congress wouldn't let them.

 

[EZLoader]

Re: Inflation

Originally posted by K5WAS:<br /> Think what you wish, the facts prove otherwise. I agree that we should have some control against ilegals working here. Jobs moved overseas is a non-issue. We gain many times over by the jobs that are exported to the US. Toyota alone employs over 200,000 in the US.

K5WAS:<br /><br />Where do you get your facts??? Per 2005 Toyota press release they employ 30,000 in US and 5000 in Canada. And how have we gained "many times over by the jobs exported to the US"??? What jobs???

 

[POINTER94]

Re: Inflation

I bet they are counting those working for distributors of their products.

 

[Vlad D Impeller]

Re: Inflation

This reminds me i need to put some air in my tires

 

[EZLoader]

Re: Inflation

Originally posted by POINTER94:<br /> I bet they are counting those working for distributors of their products.

Distributors and retailers should not be included in employment gains. If they weren't selling foreign products they'd be employed selling products by American companies still in business.

 

[K5WAS]

Re: Inflation

EZ:<br /><br />I get those figures from newspapers and TV. All of car companies from Japan build cars here, Honda, Toyota, Nisson, Mitsubisi, and Mazda. The Germans are also building cars here. These are all good paying jobs, not the low paying jobs that we are exporting. Where are you getting your figures from?

 

[K5WAS]

Re: Inflation

Just a little clearification, although I didn't mean to be misleading I may have been so. The approxemently 200,000 jobs is what Toyota is responsibile for not what they directly employ. That figure includes the whole supply chain and all dealer employies. Although a lot of parts are imported from overseas a lot of parts are produced here. The bad part is that profits of the companies go back overseas also.

 

[jtexas]

Re: Inflation

If you change the definition of inflation to whatever you want it to be, you can put us into an inflationary economy or take us out of one. Either it is or it isn't. Nobody's misleading anybody, the definition of inflation hasn't changed, that's how you know what BLS means when it publishes its stats. Some people don't know what it means, but they could if it was important to 'em.<br /><br />Question for txswinner:<br />"High Import taxes 50% on foreign cars,"<br /><br />How do you determine what's a foreign car? Where are Toyota's made nowadays, anyway? And is a Jaguar a foreign car or a Ford? What about a Chrysler, is it German or American?<br /><br />Sounds like a smart-*** comment, but in fact it's a serious question.