Electric rates to go up.

[Worriedman]

http://blog.heritage.org/2011/06/09/here-come-obama%E2%80%99s-necessarily-skyrocketing-electricity-rates/

Another hit to the economy and the average rate payer's pocket book. Don't know how much more "recovery" we can stand?

Edited June 9, 2011 by Worriedman

[Guest Sgt. Joe]

I am getting a 404 error from your link WM.

But I too have been wondering just how many more less $$ I will have left each month so that all the Fat-Cats can continue to enjoy their life styles.

[Worriedman]

Try it again, no idea what happened.

And Sgt., I think it has more to do with driving the economy off the cliff, and spreading the misery than trying to keep the fat cats flush, but that is just me.

[bajabuc]

The only thing holding the line against inflation is wages

[Guest 6.8 AR]

Inflation destroys. Nothing can really hold the line. When your paper money keeps being

devalued, it reaches a point where it doesn't really matter. It's value is approaching a sheet

of toilet paper rapidly, already.

I think that's all his goal could be, so Soros can become Ruler of the world, affordably. and

model his idea of socialism. that "necessarily skyrocket" came from a speech way before he

was elected, also, but not many listened...

[Guest Ae-35]

Just wait till they get everyone on electric cars !!!!! You think "big oil" is giving us the shaft, just wait , the electric companies will stick it to us so bad.... it will seem like "big oil" was just patt'n us on the head !!!!!

[Oh Shoot]

Energy and food are not figured into the main inflation index that the gummit hacks up each month. Hence, there IS NO real inflation. Get with the program and get your minds right, comrades.

No news here. Man bites dog, that's news.

- OS

[Guest 6.8 AR]

Mine was a broad statement about inflation. but I never knew that about the gummit's

calculations. Wonder why those two aren't?

[Glenn]

I heard the other day that if inflation was figured the same way it was during the Carter years, it would be over 10%. That sounds bad plus there are many things tied to the inflation rate, so they doctor the numbers.

Glenn

[Guest mikedwood]

Yep, I read yesterday and this article says it too.

“Average U.S. retail electricity prices in 2016 would increase by about 12%, with regional increases as much as about 24%.â€

From what the EPA is going to make them do to clean up coal, which is suppose to make up for savings in medical costs saved by cleaning up the coal?

Sounds good and all when you say it fast but to me it looses something in translation.

Plus it's suppose to create new green jobs but some article I was reading yesterday said (if I remember correctly) that it would kill 4 jobs for every new one it created.

I'm starting to think utopia is a pipe dream.

Soon to be some massive inflation corn, cotton and on and on up 100% in the last year plus the dollar devaluing. I think new goods shipped from China and overseas will start reflecting that soon.

[Oh Shoot]

Mine was a broad statement about inflation. but I never knew that about the gummit's

calculations. Wonder why those two aren't?

That's a serious question?

- OS

[Guest Drewsett]

I think 6.8 AR meant to say what is the justification we are given for not including those two metrics, we all know that it makes it easier to hide real inflation.

[Guest 6.8 AR]

That's a serious question?

- OS

It's difficult to understand much of any figure

the gummit uses, OS. Rhetorical, anyway.

Sent from my iPhone using Tapatalk

[Guest pfries]

Well all the figures in the world… well they don’t add up, statistics and numbers can and are manipulated to benefit whoever is needing/using them. All I know is the bottom line, and I have been getting screwed for years. Not only do I not see an end to it, it is getting worse.

[Guest Lester Weevils]

The consumer price index INCLUDING food and fuel is used to calculate such things as tax rates and social security cost of living adjustments. But the core index WITHOUT food and fuel is used for many analysis purposes.

Whichever political party is out of office will generally prefer to quote the full CPI which is often higher, but then when the political party gets in office they will often prefer to quote the core index which is lower.

The Federal Reserve Bank of San Francisco: Economic Research, Educational Resources, Community Development, Consumer and Banking Information

Consumer Price Indexes Overview

Awhile ago 1gewehr posted an interesting link to a fellow who calculates inflation "the old way" before the bls modified its calculation methods over the last few decades. That fellow calculates lots higher numbers using "the old method".

Ok, found it--

Shadow Government Statistics : Home Page

Dunno if the guy has it right or whether he is zooming to some extent. What he says in his background pages seems to make sense. In the old days for instance the gov would compare the old price of steak to the new price of steak. But nowadays they use "equivalent substitution" and compare the old price of steak to the new price of hamburger. If hamburger gets too expensive for the average workingman, then perhaps in the future the gov will compare the old price of steak to the new price of ramen noodles. After ramen noodles get too expensive for the average workingman, dunno what they could substitute. Even dog food costs more than ramen noodles.

Anyways, Obama said the price of electricity would necessarily skyrocket, so he must be happy anyway.

Edited June 10, 2011 by Lester Weevils

[aquaman67]

Does anyone here work for TVA?

I heard that at the last Cumberland outage, they brought the unit up so they would meet a timeline, even though they knew the unit wasn't really ready, just so they could get a bonus.

Do they really do stuff like that?

[tnhawk]

I heard the other day that if inflation was figured the same way it was during the Carter years, it would be over 10%. That sounds bad plus there are many things tied to the inflation rate, so they doctor the numbers.

Glenn

Carter is glad the voters were foolish enough to elect Obummer and replace him as the worse president in the history of this country.