The New York Times recently published an article which included a very interesting 9-year comparison of the rates of inflation in various sectors of the U.S economy. It is very revealing as seen below (click on image to enlarge it):
If you wish to read the source article , go to: New York Times Story. Now, it doesn't take anyone too clever to notice something in this chart ... the primary inflation drivers in our economy are higher education, health care, and child day-care. All other items are nearly flat or declining. And, surprise ... surprise, these three items are all subsidized by the federal government ... either through entitlements, tax credits, or student loans. These other better-behaving sectors are all under the control of the private sector.
So, dear reader, what does this tell us as the tentacle's of our ever expanding government as it is reaching further and further into our private lives? (And our fearless leader said that Obamacare was going to bend the health-care cost curve down.) You guessed it ... we will be hosed ... and good ... by more Democrat governance. Please remember this lesson when you vote this coming November.
Tip of the hat to Joe Asche from Dartblog.
2 comments:
Say... How does the cost of televisions go down more than 105% even factoring in the 23% basis gain??? Are they paying people to take televisions?
To be sure you should e-mail the NYT ... but the chart does indicate that these are "relative" changes ... so overall prices many have declined 10% and TVs 10.5%. Just a guess ...
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