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Economy

In reply to the discussion: Will GDP Growth reach 4%?? [View all]

sandensea

(23,104 posts)
5. My favorite was Bush's consistent 3% inflation
Thu Jun 14, 2018, 08:38 PM
Jun 2018

Typically published as 3.3% (a sly nod to his Masonic brothers?).

Who can forget that second term of his: the double-digit food, rent, and health insurance hikes, plus soaring gas prices ($5 a gallon in California, during the hot summer of '08), on one hand;

and the Wall Street Journal, Investors Business Daily, and other bankster mouthpieces crowing about the "3.3%" inflation, on the other.

I'll never forget John Fund's condescendingly sniffing on some CNN show, in mid-2008, that "the economy was still growing."

"Sure!" his Democratic counterpart replied, "because the administration claims inflation is at 3.3%!"

"When we're actually in a deep recession."

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