18 Replies to “Inflation — including food and energy”

1. Squid says:

   April 28, 2011 at 9:44 am

   It’s all them milk speculators across the border in Wisconsin. Damn cheese-eaters can’t be trusted!

2. Obstreperous Infidel says:

   April 28, 2011 at 9:46 am

   Nice try, you wiley wingnut! I noticed there were no, I said NO, slides of Wagyu Beef or Arugula! Doesn’t fit the wingnut narrative, now does it!

3. Jim in KC says:

   April 28, 2011 at 9:46 am

   We need a federal Department of Groceries, stat! They can set reasonable prices for arugula and bananas and put an end to all those “food deserts” out there. After all, cheap produce and a grocery store no more than two blocks away are basic human rights.

4. Bob Reed says:

   April 28, 2011 at 10:17 am

   We kid, but who knows how long before it’s the grocer’s turn to be blamed for the price hikes; when at the core it’s all due to the intentional devaluation of the dollar.

   I can’t believe that Turbo-tax-Timmeh could talk about his effort to maintain the value of the dollar when the printing presses are running 24/7…Or the Bernank’s talk about “transitory” inflation.

   If the inflation metric was calculated the way it was in the 70s, it’d be 10+%, and U-3 unemployment? That’s been in the low teens as well.

   Figures don’t lie, but liars can always think of a way to spin the figures.

5. Lost My Cookies says:

   April 28, 2011 at 10:28 am

   August 15 is the 40th anniversary of Nixon’s Price controls. Anyone want to lay a bet?

   Corn or beef, paper money won’t do.

   I had an economics prof who had an old poster in his office that said “You can’t eat a transistor radio.” I finally understand where that came from.

6. Challeron says:

   April 28, 2011 at 10:37 am

   LMC, ya can’t eat gold either (no actual intrinsic value); and when I’m down to my last clip of copper-clad lead and my last can of spam, ten pounds of gold won’t buy (or be worth) either one….

7. Joe says:

   April 28, 2011 at 10:41 am

   Maybe it is time to incur lots and lots of fixed rate debt and then let inflation pay off the principal.

   Weeeeeeeeeeeee.

8. Joe says:

   April 28, 2011 at 10:42 am

   I agree, when times get tough, the best precious metals to hold are steel and lead (and a bit of brass and copper).

9. dicentra says:

   April 28, 2011 at 11:04 am

   Two significant events yesterday:

   Twitter stopped supporting IE 6.0, which terminates my Twittering from work.

   The season’s first bebeducks hatched yesterday: Three lallow and eight brown.

   I’m sure that means something.

10. John Bradley says:

    April 28, 2011 at 11:33 am

    Cue Nishi. The days when America is ruled by Old White… Ducks(?) is coming to an end!

11. Ernst Schreiber says:

    April 28, 2011 at 2:50 pm

    It’s astonishing to me that a bunch of guys who are supposed to be so smart think that women aren’t going to the grocery store and leaving in a state of shock, disbelief and, occasionally, panic.

    And a Democrat who frightens women cannot win anything. Period.

    From a really interesting anecdote posted by Glenn Reynolds:

12. newrouter says:

    April 28, 2011 at 4:12 pm

    ot

    “Just when we thought there were no more brazen audacities left to report about in Obamacare, here comes a doozy.

    House Republicans have uncovered, tucked away in Section 1311(a) of the Patient Protection and Affordable Care Act (PPACA), an UNLIMITED Obamacare implementation slush fund.

    That’s right. Unlimited. An open tap on the US Treasury, this little gem — discovered by Representative Fred Upton (R-Mich.), chairman of the House Energy & Commerce Committee — can be used for anything the President wants to spend taxpayer money on, under the guise of “actitivites related to establishing” Obamacare health benefit exchanges.”

    (Emphasis mine)

    The article goes on to includes the actual language from the law which appropriates “…any moneys in the Treasury not otherwise appropriated” to the Secretary of HHS to be used for implementation of the Act.

    The urgent matter this creates is regarding the upcoming Debt Ceiling vote.

    Many legislators have gone on record as being in favor of raising the debt ceiling as long as there are meaningful reforms attached, i.e. Balanced Budget Amendment or a cap tied to the GDP.

    However, now that we know HHS has the authority to utilize ALL un-appropriated funds in the Treasury, that now makes a vote to raise the debt ceiling, regardless of any strings attached, also a vote to implement Obamacare. As soon as the debt ceiling is raised, those funds then become available to President Obama via Kathleen Sebelius to do whatever he wishes in the name of Obamacare.

    Please contact your Congressman and Senators aware of this provision and urge them to vote AGAINST any increase in the debt ceiling unless this slush fund is specifically repealed.

    We MUST do everything we can to stop the takeover of our health care and NOW is the time to take action.

    link

13. cranky-d says:

    April 28, 2011 at 4:25 pm

    So, the pres has his own blank check he can tap any time he wants to. Just to be a broken record, if this were a Republican president, blah blah blah EVIL blah blah IMPEACH!!!

14. serr8d says:

    April 28, 2011 at 5:54 pm

    Get ready for QE3. Because the Fed will want BHO to win in 2012. I wonder if we’ll have enough ink ?

15. Abe Froman says:

    April 28, 2011 at 8:47 pm

    Hey, do any of you trashy Southern Jesus Robots have some input on any ofthese BBQ places? The meat lines at this thing are beyond irritating, so I’d like to be in the right one(s) if I can.

16. Dave in SoCal says:

    April 28, 2011 at 9:33 pm

    OT, Also from Insty:

    Obama Administration Bans Reporter for Using Camera to Record Anti-Obama Protesters

    The hip, transparent and social media-loving Obama administration is showing its analog roots. And maybe even some hypocrisy highlights.

    White House officials have banished one of the best political reporters in the country from the approved pool of journalists covering presidential visits to the Bay Area for using now-standard multimedia tools to gather the news.

    The Chronicle’s Carla Marinucci – who, like many contemporary reporters, has a phone with video capabilities on her at all times – pulled out a small video camera last week and shot some protesters interrupting an Obama fundraiser at the St. Regis Hotel.

    And then there’s this charming tidbit:

    What’s worse: more than a few journalists familiar with this story are aware of some implied threats from the White House of additional and wider punishment if Carla’s spanking became public.

    I swear, this idiot has gotten so thin-skinned you could read a newspaper through him.

17. geoffb says:

    April 29, 2011 at 12:06 am

    Change & Hope

    Fully 81% see the deficit as a major problem that must be addressed now — rather than one that can be addressed when the economy improves — up from 70% late last year.

    EIGHTY-ONE PERCENT.

18. geoffb says:

    April 29, 2011 at 8:08 am

    And more.

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