Posts Tagged ‘Steve Liesman’

Inflation, the REAL number vs. the Government’s number….

April 16, 2015

I have previously written about the farce that is the calculation of the Consumer Price Index, or CPI.  I have also written about CNBC’s Steve Liesman ‘s IDIOTIC statements on inflation.  In that second link I gave Mr. Liesman a suggestion to help him do some calculations.  He STILL hasn’t, and he still believes spouts the same nonsense.  I scratched believes, because NO ONE that thinks could believe.

Now, I have found a site that has done some calculations.  It is the Chapwood Index.  I may not agree with all of the items or the process, but the results are what I expected.  I know and feel EXACTLY how much MORE I am paying for everyday things.  I know the Government number is a LIE.

True American citizen inflation is MUCH higher than the Government’s estimate propaganda of “inflation”.  When I say MUCH, I mean by roughly a FACTOR of 4 or more.  You should figure out how much Social Security checks would be if the government used these numbers instead of their “estimates”.

Remember, THEY (the politicians and government) have a VESTED interest in a LOWER number.

So, Mr. Liesman, what do you say now???

Steve Liesman and the Unemployment Rate under Obama…

June 2, 2011

Here is a fantastic article that shows the bias of the Lame Stream Media.  I would like to concentrate on Steve Liesman at CNBC.  I know I have written about Mr. Liesman before, but I can not resist pointing out the hypocrisy of a channel that is reporting on Business, OBJECTIVELY (I had hoped).  Below is the relevant quote.

“The concern here is that there was a lot of hurricane related with bounce back from September and a lot of construction related activity that added to jobs in October.”

Do you know when this was said??  It was in 2004, when Mr. Liesman was criticizing the Unemployment numbers under President Bush.

Hey Rick Santelli, the next time Mr. Liesman is spouting off about how much better the Unemployment numbers really are (under The One), ask him about the “bounce” that has probably occurred from the recent tornadoes that have ravaged parts of the country.  So really, the numbers would be MUCH worse without the Natural Disasters that have “saved” Obama’s economy.

Or does that only count when a Republican is in charge??

Steve Liesman, CNBC and Inflation….

March 16, 2011

Yesterday, March 15th I was watching CNBC (the pertinent discussion comes around 4:50) in the morning and Steve Liesman was talking with Rick Santelli and the discussion was about inflation.  The Government (which has a vested interest in a LOW inflation number) says that inflation is low.  The satatistic that Steve Liesman was quoting was a number that did not include food (you know, that stuff that EVERYONE needs to have to stay alive) and energy (you know, that stuff that you put in a car to get to work so that you can buy the food).  I will agree that that number is low.  Rick santelli argued that the number did not reflect reality to the average American.

The problem that I have is Steve Liesman then essentially said that there were no “numbers” that could be used that would be reality.  Because they were NOT available!!!  HUH????!!!  I have a few questions for Mr. Liesman:

     1)  Are you serious??  Sometimes you look like an IDIOT!!  If you answered yes, then I guess the Wright Brothers should have stayed home and watched TV, because no one had flown before.  Oh wait, there were not TV’s either!!!  I coul go on, but I hope you get the point.

     2)  Do you seriously think that NO ONE can come up with an accurate measure of INFLATION??

     3)  Why do you think that the Government (which has a vested interest in a low inflation number) is the only entity that should come up with the number??  They are vested because many government programs are “pegged” to the inflation rate (such as Social Security).  If the inflation rate were to rise be accurately reflected, then the deficit would be MUCH larger.

Mr. Liesman, I would like to make a suggestion to you. 

With your resources at CNBC, which is owned by Government General Electric, you should pick a population number that is represented by an average city in the USA, say 700,000.  Small enough to pick up most states, but big enough so that the number of cities is not too large.  Then, have someone go to two different stores in each city and buy a basket of goods.  Not on sale.  No coupons.  The basket could contain a gallon of milk, a dozen eggs, a couple apples, bananas, oranges, ears of corn, green beans, a top sirloin steak, a chicken, pork chops, a loaf of bread, a couple 2 litres of soda, a box of diapers, laundry soap, bath soap, etc.  Also include 10 gallons of gas at two different gas stations in the city (you would not even need to buy this, I think you can figure out the cost.  10 x the cost per gallon, or just take the cost per gallon and move the decimal to the right one digit.)  Pick a basket, I know YOU could even do it.  Then, do this EVERY week.  Compile a spreadsheet that shows what it cost in each city, every week, and average them.  There is YOUR DAMN NUMBER!!!  It would even show if inflation is *gasp* different in parts of the country.

See that was not so difficult.  And I will BET you that it will show that the “government inflation number” is BOGUS to the average American.