Mark Simon

In “Meditations,” Marcus Aurelius wrote: “Everything we hear is an opinion, not a fact. Everything we see is a perspective, not the truth.” 

Which is as good a way as any to start the final 2023 edition of notes, quotes, etc., and a useful harbinger for what kind of campaign we could see in the race to replace Rep. Anna Eshoo, who is retiring from the 16th Congressional District seat.

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(9) comments

tarzantom

If the polls for CD-16 are correct, the voters want more of the same: high-inflation, high-debt, and global elites.

Mark Simon

Inflation is actually pretty low; so is unemployment.

Terence Y

Inflation is pretty low if you compare Biden’s inflation rates to a few annual rates from 30 and 40 years ago. I’d venture a guess that almost half the US population today hasn’t seen annual inflation rates as high as they are under Biden. You can make the case 3.1% monthly inflation is low until compared to the past annual rates of inflation of 4.7%, 8.0%, and likely over 4% annual rate this year. Unfortunately, thanks to Biden’s America Last policies, consumers are paying on average, almost 19% more than before. Inflation isn’t pretty low then, is it? In fact, it's not pretty at all.

Not So Common

Your idea of low inflation is akin to an investor ignoring compounding investment dividends or compounding interest or in your case of simple thinking and ignoring compounding inflation.. $1.00 x 1.08% = $1.08 x 1.06% = $1.145 x 1.06% = $1.21 x 1.06% = $1.28 x $1.03 = $1.32. Mark and his democrat cohorts are happy that prices only went up .04% to $1.32 and ignores the facts that five stages earlier the price was $1.00. That's a 32% increase, not 3%.

Terence Y

Hey Not So Common, I hope it's okay I borrow your example, or the gist of it to use elsewhere. Even for math-challenged folks, it's an eye-opener. And for everyone, a wallet-opener.

Dirk van Ulden

Come on Mark - the rate of inflation is lower but it is still very high. Have you gone shopping lately? Have you seen prices drops? Are we supposed to be thrilled with $5.00 gas instead of $6.00 per gallon? Unemployment numbers are low because millions have given up looking for suitable work. Unemployment stats are based on unemployment benefit requests but eligibility has expired for millions. Remember there are lies, darn lies and and statistics.

Mark Simon

I bought gas at Costco yesterday - $3.99.

Dirk van Ulden

Great Mark - the lower price is the result of Biden draining our petroleum reserves and sold it on the world market at a loss. The cost of cast was 40% lower when Trump ran the country. Congratulations! While you were at Costco, did you enjoy the significant price reductions on everything that is sold there?

Terence Y

Wait, what? Mr. Simon, you’re a former executive at SamTrans and Caltrain and you’re still driving a gasoline-powered car? I guess mass transportation isn’t as important as some folks say it is. I wonder of all the employees at SamTrans and Caltrain, what percentage takes mass transportation, as reported by salary ranges. I get the feeling plenty of folks, former and current, are buying gas.

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