Ever shrinking product size at a given price point is the preferred tactic at the grocery store. As long as prices don't rise and no bothers to think, there's no inflation. Who are we fooling other than the fools?
In the end, I might be viewed as the biggest fool of all, but at least I live in real world.
Headline: Bachmann: I'll bring back $2 gas
President Michele Bachmann has a promise: $2 gas.
"Under President Bachmann you will see gasoline come down below $2 a gallon again," Bachmann told a crowd Tuesday in South Carolina. "That will happen."
Sure, politicians promise all kinds of things on the campaign trail. But Bachmann, a leading contender for the 2012 Republican nomination, is wading into truly tricky territory.
Source: money.cnn.com
Headline: Gas, food and clothing prices are on the rise
Americans paid more for necessities like gas, food, clothing and shelter in July, as prices rose more than expected over the month.
The Consumer Price Index, the government's key inflation measure, rose 0.5% in July, led by a 4.7% increase in gas prices.
That's worrisome, said Daniel Penrod, senior industry analyst with the California Credit Union League, considering many Americans are still struggling amid high unemployment and low home prices.
"We're looking at a situation where income isn't growing, so large price jumps right now without job growth and income growth behind it, basically mean that consumers are looking at more of their money going out the door at a time when less of it's coming back in on an income side," Penrod said.
Source: money.cnn.com
