THE NEWSLETTER

Today's Note From a Madman

Wednesday, May 18, 2005

 

 

Charting the CPI

 

Here's a chart that speaks for itself:

 Table A.  Percent changes in CPI for All Urban Consumers (CPI-U)

Seasonally adjusted

 

Changes from preceding month

 

 

 

2004

2005

 

 

 

Oct

  Nov.

 Dec.

 Jan.

 Feb.

 Mar.

 Apr

Compound annual rate 3 mos. End Apr. '05

  Un-Adjusted 12-month ending Apr. '05

 All Items

0.60%

0.30%

0.00%

0.10%

0.40%

0.60%

0.50%

6.20%

3.50%

  Food and beverages

0.50%

0.30%

0.00%

0.10%

0.10%

0.20%

0.60%

3.60%

3.10%

  Housing 

0.20%

0.30%

0.20%

0.10%

0.40%

0.50%

0.30%

4.40%

3.20%

  Apparel  

0.00%

0.20%

-0.40%

0.30%

-0.20%

0.80%

-0.60%

-0.30%

-0.50%

  Transportation  

2.10%

0.20%

-0.70%

-0.20%

0.80%

1.90%

1.80%

19.10%

7.00%

  Medical care

0.40%

0.30%

0.30%

0.40%

0.60%

0.50%

0.20%

5.10%

4.30%

  Recreation 

0.10%

0.10%

0.00%

0.10%

-0.20%

0.00%

0.20%

0.00%

0.20%

   Education and communication

-0.20%

0.40%

0.10%

0.10%

0.30%

0.20%

0.40%

3.60%

1.80%

Other goods and services 

0.20%

0.10%

0.40%

0.40%

0.30%

0.10%

0.00%

2.00%

2.60%

  Special Indexes                                                       

 

 

 

 

 

 

 

 

 

   Energy

4.00%

1.00%

-1.30%

-1.10%

2.00%

4.00%

4.50%

51.20%

17.10%

   Food 

0.60%

0.30%

0.00%

0.10%

0.10%

0.20%

0.70%

3.70%

3.10%

All Items less food and energy

0.20%

0.20%

0.20%

0.20%

0.30%

0.40%

0.00%

2.60%

2.20%

 

Hey... Does anyone out there get a 4.50% raise EVERY MONTH? That's what you're going to need to keep up with the failures of the Bush administration in keeping the price of energy down.

 

Maybe Dick "Go F*ck Yourself" Cheney's Energy Task Force will solve the problem.

 

Somehow, I doubt it.

 

-Noah Greenberg


The “Big Guy” and George W. Bush

 

The following might be what the 43rd President of the united States heard last night as he lay in his bed:

 

 

Karl Rove

 

-Noah Greenberg


 

Stupid Quotes

 

Washington should "put its own house in order before blaming others" for its trade deficits,
-Wei Benhua, deputy director of the agency that manages Chinese currency reserves, to Bloomberg News

It's a "double standard,"
-Bo Xilai (not to be confused with Bo Bice), China's Commerce Minister, regarding the European Union's threats to put restrictions on Chinese-made textiles

For years now, the Chinese government has been manipulating its currency to give it an unfair trade advantage against the west. This in addition to the Chinese government putting its own tariffs on goods that it imports from the west, such as microprocessors from the Intel Corporation. They have a 14 percent tariff placed on them by the Chinese government.

"Current Chinese policies, are highly distortionary and pose a risk to China's economy, its trading partners and global economic growth."
-The Treasury Department, in a report to Congress on Tuesday

That's only two-thirds right. I have a feeling the Chinese are doing all right for themselves in this situation.

Let's not forget that the Chinese government is a communist government who doesn't exactly have the greatest human rights record. Somehow they became a favored trading partner, thanks to the likes of Wal-Mart and others like them.

124.9 and 600:

Those are horrific numbers to all of US in the United States of America. $124.9 billion is the trade deficit that the US has with China in the calendar year, 2004. Not only
is that more than any other country, but it's greater than the whole European Union!

 

$600 billion is what we owe China, as one of our creditors.

In case you don't remember,
we had NO DEBT before George W. Bush took office in 2001.

"The Bush administration is in serious denial with its claim today that China is not manipulating its currency."
-Representative Benjamin L. Cardin (D-MD), the ranking Democrat on the House subcommittee on trade

Are they in "serious denial" or are the Bushies just watching out for their big, corporate contributors?

"we still await action, and that's the only thing that will satisfy Congress."
-Senator Charles E. Schumer (D-NY)

Action? Unless George W. Bush and his buddies can make a buck, the only action will come in the form of
more lost American jobs.

China needs to make changes, or we do.
 

-Noah Greenberg


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-Noah Greenberg