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Americans' Hurt By Rising Prices, But Fed Not Worried About Inflation

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Americans' Hurt By Rising Prices, But Fed Not Worried About Inflation

Post by Quiethawk on Sat Apr 09, 2011 10:51 pm

http://www.huffingtonpost.com/2011/04/08/us-inflation-federal-reserve-food-oil_n_846774.html
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Re: Americans' Hurt By Rising Prices, But Fed Not Worried About Inflation

Post by Sunrise on Sat Apr 09, 2011 10:56 pm

Eileen Reilly, 72, a retired resident of the Chicago suburb of
Geneva, said higher gasoline and food prices have forced her to drive
less, buy a cheaper food for her dog Lucky, and stop taking pills for a
liver condition she declined to identify.

"My doctor said I could die if I don't take them," Reilly said,
rolling her eyes. "I told him that I'm 72 and I'll be dead soon as it
is. Besides, it was either the pills or the car and the dog. And I need
the car and I love the dog."

This is what it comes down to and they still want to cut services to needy Americans.

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Re: Americans' Hurt By Rising Prices, But Fed Not Worried About Inflation

Post by Guest on Sun Apr 10, 2011 4:51 am

"I don't think the Federal Reserve has a clue about us little
people," said J. McKeever, an instructor at the Montessori Institute of
Milwaukee.

"I am very frugal, so I watch what I spend. And what I have noticed
in recent months is that I have less money before than I used to, while
making the same amount of money and having to pay for health care," she
said.






Across the country, Americans tell of a disconnect between the real
economy they live in and the macroeconomic picture as described by
economic indicators.

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Re: Americans' Hurt By Rising Prices, But Fed Not Worried About Inflation

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