Skip to comments.Rising gas prices aren't as bad as you think (Morning Propaganda)
Posted on 03/21/2012 7:09:30 AM PDT by nhwingut
NEW YORK (CNNMoney) -- Gas prices are once again dominating the national debate.
But despite rhetoric, high gas prices aren't hurting as much as they used to.
(Excerpt) Read more at money.cnn.com ...
This is a prime example as to why I blocked cnn.com in my HOSTS file.
Obama and the Federal Reserve have stolen your wealth across all forms of Dollar denominated goods and services, which makes the rise in gas prices proportional to the rise in all other goods and services, hence there is no reason to complain about current low gas prices, now back to work or the whipping continue.
I can honestly say I can’t remember such a headline from CNN when President Bush was in office.
the AP is piling on this morning with a lengthy analysis of domestic oil production and retail gas prices purporting to show no one-to-one correlation.
They are SOOOOOO in the tank for Obozo.
This is CNN jumping the shark. It might raise eyebrows if they didn’t jump the shark about eighteen times a week.
I love the photo caption. “Rising gas prices don’t hurt as much as they used to”
LOL. Right. Like they “used to” when Bush was in office. And they will hurt once again when a Repub is in office.
This should be exhibit A in the case against media corruption.
What shocked me the most is that they say the average income per household is $62,000. I am apparently in the wrong city because in my town, the average is closer to half of that. =(
What shocks me is that CNN would use a nonsensical statistic like "average income" at all. They should have used "median" income.
The old story is that four men each making $50,000 are on a bus. Bill Gates gets on and the average income goes up to $2 million. The median income, however, is still $50,000.
Also, we are talking about household income, not individual income.
Steve Hargreaves is a staff writer for CNNMoney.com, where he focuses on the energy industry. Previously, Hargreaves lived and worked in Bangkok and Istanbul, freelance writing and teaching English, and has been published in the Village Voice and the Australian Financial Review. He has also worked as a municipal beat reporter at a daily newspaper in Brunswick, Me., and as a freelancer for Portland's alternative weekly covering city politics. Hargreaves holds a B.A. in environmental studies from St. Lawrence University. He currently lives in Brooklyn, N.Y.
You mean CNN took time away from trying to start race riots to tell us that high gad prices don’t hurt?
I wanted to riot just yesterday when it cost me 66$ to fill up my tank.
62K per family/yr is pretty poor in S.Ca. Especially w/all the taxes.
I’m sure they could have come up with convincing arguments on why the Titanic wasn’t actually sinking or the Hindenbrug wasn’t actually on fire.
Bull shit. I don’t even commute far and I’m paying for it. Gas prices increase the costs of everything with shipping and logistics cost.
I normally don’t go the cnn site, but with 803 comments I had to look. Not a single one agrees with the article.
Try telling that to the millions of working Americans who have fill up once per week. Try telling that to the cashier at the grocery store as food prices necesarily skyrocket. And, try telling that to the summer workers at resorts who are let go in mid-July because there aren't enought tourists.
SocGen: All Oil Spikes Have One Thing In Common...
...Oil spikes always trigger recesssions.
Bookman, I have more respect for your trade .. the more honorable by far !
It’s amazing how these “journalists” can attempt to say public opinion to support Obama without any recourse.
Same writer, different President:
‘You’re working for gas now’
The people of Camden, Ala., pay a bigger chunk of their income for fuel than anyone else in the country - meaning tough choices for the ever thinner family budget.
By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: March 29, 2008: 10:46 AM EDT
F***ing hypocritical sycophant.
This writer is a lunatic. It’s not just the gas to fill up the car that cost more, everything that goes from point A to point B cost more.
Define infuriating arrogance:
Having the gall to lecture someone on their hardships when one doesn’t have to deal with said hardships. Required for careers in politics and the MSM.
Income, Poverty and Health Insurance Coverage in the United States: 2010
Sept. 13, 2011
The U.S. Census Bureau announced today that in 2010, median household income declined
Real median household income in the United States in 2010 was $49,445, a 2.3 percent decline from the 2009 median.
Since 2007, the year before the most recent recession, real median household income has declined 6.4 percent and is 7.1 percent below the median household income peak that occurred prior to the 2001 recession in 1999.
The MSM is running with the high gas price story. They don’t run with stories that help Republicans.
This story will help democrats before the election.
Before the election Obama will bring down gas prices and the MSM will worship him lie a hero. Don’t fall for this - talk about food prices - much harder to artificially manipulate.
Exactly right. Another in-kind donation to Obama and company.
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