What a scary thought. Some prominent Republicans are actually dumb enough to believe that the economy is in decent shape:
Aside from energy, there has been no increase in inflation for at least three years. Take out energy, and CPI inflation over the past 12 months was just 2.4 percent — lower than the 2.5 percent average of 1998-2002. Yet that 2.4 percent rate still overstates inflation, as the Boskin Commission explained in 1996….
Other indicators of incipient inflation are benign. The price of gold, a classic hedge against inflation, is the same as a year ago.
Right, 12.5 percent yearly increases in housing prices is simply due to an increase in their inherent value, right? This guy is such a bozo that he doesn’t even realize that the price of gold is not the same as a year ago, it is 9.19 percent higher.
No inflation, 9 percent inflation, what’s the difference, right? Look, I realize that the mere fact of having a Republican President, House, Senate and Supreme Court makes some people believe that we are living in the best of all possible worlds, but this joker makes the strumpets in the financial media look downright responsible.