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Impeach George Bush
Stagflation
The situation was thought impossible before Bush I (or at least that's the story they told then). But here's the deal. Consumer Price Indexes are up - things are more expensive. Jobs are down, wages are down. People have less money. We have inflation, we have stagnation. It's a Capitalist Contradiction
Source: TheTip, 2003-11-01
Candidate: TheTIP
The Consumer Price Index for All Urban Consumers (CPI-U) increased
0.3 percent in September, before seasonal adjustment, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. The September
level of 185.2 (1982-84=100) was 2.3 percent higher than in September
2002.
The Consumer Price Index for Urban Wage Earners and Clerical Workers
(CPI-W) rose 0.4 percent in September, prior to seasonal adjustment. The
September level of 181.0 was 2.3 percent higher than in September 2002.
The unemployment rate remained at 6.1 percent in September, and total
nonfarm payroll employment was little changed, the Bureau of Labor Statistics
of the U.S. Department of Labor reported today. The number of jobs in manu-
facturing declined at a slower pace than in recent months, while employment
in temporary help services continued to trend upward.
Unemployment (Household Survey Data)
The number of unemployed persons, 9.0 million, was about unchanged in
September, and the unemployment rate was 6.1 percent, the same as in August.
Unemployment rates for the major worker groups--adult men (5.7 percent),
adult women (5.3 percent), teenagers (17.5 percent), whites (5.3 percent),
blacks (11.2 percent), and Hispanics or Latinos (7.5 percent)--were little
changed in September. The unemployment rate for Asians was 6.2 percent,
not seasonally adjusted.
In September, there were 2.1 million unemployed persons who had been
looking for work for 27 weeks or longer, representing 23.2 percent of the
total unemployed. Since November 2001, the proportion of long-term unem-
ployed has increased by about 9 percentage points.
Average hourly earnings of production or nonsupervisory workers(1) on private nonfarm payrolls by industry sector and selected industry detail, seasonally adjusted fell by 1 cent.
The Bottom Line
Prices are up, employment is down, wages are down.
Too bad, thanks for playing.
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User Originated Comments:
From: ruchica
1999-11-30 00:00:00
this info helped
From: LDL
1999-11-30 00:00:00
it's too late to impeach the president who left
america in the middle of stagflation. the idiot's
name is jimmy carter, and with democrats running
both houses of congress at the time, that
eco-baboon who was a "nuclear" engineer, and has
never been able to pronounce the word, managed to
botch the country up so bad that to get a tank of
gasoline for your car, you had to wait in lines as
long as a mile. between that, giving away the
panama canal and making a total disaster with his
foreign policy, he ranks as the rankest president
of the 20th century. he was worse than nixon, who
at least knew what he was doing. jimmy carter
should be a study subject for jane goodall. she
likes baboons.
mr. bush the younger is
going to be your president, again. he will take a
minimum of 30 states in 2004. have a nice
quadrennial, moron.
From: Robbie
1999-11-30 00:00:00
false - you're referring to recession - the
straightforward and obvious decline of an economy
where the prices and wages go down. that's what
happened in the 1970's.
today and in
the 90's we had stagflation - when the prices go
up and the wages go down.
look it up!
From: Look_it_up
1999-11-30 00:00:00
your statement in this article is incorrect.
stagflation was first seen in the u.s., and other
industrialized countries, in the early/mid 1970's
after the oil embargo by opec. keynesian economics
stated this was not possible, but was wrong,
unfortunately. it is a difficult economic
situation to deal with. your anti-bush propoganda
is wrong. check you facts before making claims.
also, the economic numbers do not support the
stagflation claim. there is some normal inflation,
while the economy is growing. this is a good thing
and is not stagflation.
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