Consumer prices rise at double the expected rate
By MARTIN CRUTSINGER, AP Economics Writer
WASHINGTON - Consumer prices shot up in July at twice the expected rate, pushed higher by surging energy and food costs. The latest surge left inflation running at the fastest pace in 17 years.
The Labor Department reported Thursday that consumer prices rose by 0.8 percent last month, twice the 0.4 percent gain that economists had been expecting.
It marked the third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June. And it leaves inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991.
Oil companies are making record profits and corporations like Wal-Mart, that supply the American consumer, are making huge profits (Wal-Mart's profits were up 17% this quarter).
So keep voting for those corpo-fascist republicans you ignorant proles. As you choke to death on your own ignorance at the voting booth, remember, you brought it all on yourself. Every single bit of the shit we are currently immersed in right now can be directly attributed to the agenda of the traitorous corporate royalty of this country. Every bit of the shit we are immersed in was clearly defined and warned against by those of us on the left back in 2000 when you stupid fucks voted for MoronMonkeyBoy Bush the Chimp the first time. When you dumb fools voted for him the second time we were already immersed in this shit and the signs were clear that it was going to get worse.
Nice job America. Never have we been so hobbled by the ignorance of the desperate proletariat masses.
I won't surprise me if Puffy McSame, one of the most absurd candidates ever to run for president, becomes the next president.