Saturday, April 23, 2011

Another Class Warfare Lie

The rich WERE getting richer.
And, so were the poor.
Click the image & debunk the lies:
Click the image & debunk the lies
But, that was before Obama’s epic failures.
Let’s not allow him to fail us again!
Posted by SBVOR at 10:49:00 AM
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3 comments:

AnnoyingJoe said...

telling half the story, as usual.

* 2011 - The dollar's value fell 11% against the euro, which was worth $1.47 by April 8.
* 2010 - The EU debt crisis strengthened the dollar. By year end, the euro was only worth $1.32.
* 2009 - The dollar fell 20% thanks to debt fears. By December, the euro was worth $1.43.
* 2008 - The dollar strengthened 22% as businesses hoarded dollars during the credit crisis. By year end, the euro was worth $1.39.
* 2002-2007 - The dollar fell 40% as the U.S. debt grew 60%. In 2002, a euro was worth $.87 vs $1.44 by December 2007. (Source: Federal Reserve Bank, Exchange Rates)

or...

http://futures.tradingcharts.com/chart/US/M

I hear Colorado St. has a great Economics program. Check it out.

Apr 25, 2011, 5:37:00 PM
SBVOR said...

AJ,

If the dollar index declines, each dollar buys fewer imported goods. That is called inflation. Which part of "inflation adjusted" did you not understand? Or, did you even bother to click the link and examine the data?

Apr 25, 2011, 7:10:00 PM
SBVOR said...

AJ,

Your comment was deleted because it falsely claimed I did not provide a direct link to the inflation adjusted CBO source data.

Clicking the image on this post takes you to another post where the inflation adjusted source data are cited on each graph. That post also provides a direct link to the inflation adjusted CBO data in big bold letters.

But, don’t bother. Just click here for the exact same direct link to the inflation adjusted CBO data (in an Excel spreadsheet).

As is clearly indicated in the spreadsheet, all the data are adjusted to reflect the value of the dollar in 2006. In other words, data on one side and the other of 2006 are adjusted to reflect the value of the dollar in 2006.

Fact facts. You’ve been lied to. What’s worse, you were stupid enough and lazy enough to fall for the bald faced lies.

When will you EVER learn? The entire “Progressive” ideology is PURE mythology. There is NOTHING factual about it!

Apr 26, 2011, 8:09:00 PM

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