http://latimesblogs.latimes.com/money_co/2011/03/inflation-fed-bill-dudley-queens-food-prices-apple-ipad.html
The lie that inflation is low, like many things the government tells Americans, is a primary reason Americans are angry. The Tea Parties are symptoms of a larger problem in politics.
For decades the government has produced figures and "facts" that fit a narrow range of criteria that politicians invented to make the case for the policies they want to impliment. Reality proves them to be liars who figure using figures to lie.
Most people see inflation as the eater of their paycheck, not a "symbolic" number at all. When told inflation is low, while the real costs they endure make buying food, fuel and shelter more expensive, and the value of their labor to be less, then people see the lie for what it is - manipulation.
Todays financial figures, and unemployment figures are viewed in the same context as the old "Reefer Madness" film produced in the 1950's.
It has created a population of people who no longer trust the media, the government, local officials, and law enforcement.
Such populations can run for decades, building up a hatred, a resevior of anger, and create many new " Timothy Mcveighs".
The Fed's spokesman really is tone deaf, and sees only what he wants to see.
So did Louis and Antonette.
Newspapers and television news are in the same boat as the government, having lost trust and credibility, having vacated their role as the watchdog and instead becoming the pet of business and politicians.
What are these folks going to do when the SHTF? When the day of accounting becomes a reality?
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