{"id":52747,"date":"2014-02-20T12:50:49","date_gmt":"2014-02-20T19:50:49","guid":{"rendered":"http:\/\/proteinwisdom.com\/?p=52747"},"modified":"2014-02-20T12:51:12","modified_gmt":"2014-02-20T19:51:12","slug":"stagflation-anyone","status":"publish","type":"post","link":"https:\/\/proteinwisdom.com\/?p=52747","title":{"rendered":"“Stagflation, Anyone?”"},"content":{"rendered":"

Or, “Carter Country:\u00a0 The Return.”\u00a0 IBD<\/a>:<\/p>\n

Food and energy prices are rising, wages are flat and the top concern among Americans is unemployment. What was that word coined in the ’70s to describe a stagnant economy suffering inflationary pressures?<\/p>\n

Since the Obama “recovery” started 4-1\/2 years ago, inflation appears to have been relatively tame, with core prices climbing just 7% from June 2009 to December 2013.<\/p>\n

But as CBS News discovered when it looked a little closer, the overall number is deceptive. In fact, it found food prices soaring.<\/p>\n

The official inflation data confirm this. Overall, food prices are up 9% since June 2009, according to the Bureau of Labor Statistics. And the cost of many staples is skyrocketing. Pork prices have climbed 14%; poultry is up 12%; eggs, 27%; milk, 20%.<\/p>\n

Meanwhile, energy prices have climbed 18% during the recovery, and the price of gasoline is up a whopping 31.5%. Then there’s college tuition, up 23%.<\/p>\n

At the same time, wages aren’t budging. In fact, measured in real terms, the median household income is 4% below where it was four-1\/2 years ago. And while the official unemployment rate is down, that’s due to millions quitting the workforce altogether.<\/p>\n

Yes, the economy has created 6.6 million jobs since June 2009. But the ranks of those not in the labor force climbed nearly 11 million, driving the labor force participation rate down from 65.7% to today’s 63% \u2014 a level not seen since 1978.<\/p>\n

In fact, had the participation rate remained where it was, we’d have an unemployment rate of over 10%. So it’s no wonder the IBD\/TIPP Poll continues to find nearly a quarter of U.S. households reporting that someone at home is looking for a job.<\/p>\n

Or that, as the latest Gallup poll finds, the public lists unemployment\/jobs as the nation’s top problem (23% listed that), with the economy coming in a close second at 20%. Immigration legislation, by the way, ranks far down the list at 6%, and the alleged issue of global warming, the fixation of the Obama administration, doesn’t rank at all.<\/p>\n

Meanwhile, Obama seems bent on doing all he can to strangle the economy, raise prices and kill jobs.<\/p><\/blockquote>\n

Don’t you just love it when a plan comes together?\u00a0 The progressives certainly do.\u00a0 And the plan is called Cloward-Piven — which is meant to overburden the system, lead to economic meltdown, and create a permanent client state run by a “compassionate” Big Governmental entity that will run a command and control economy, dictating our wants and fulfilling what it decides are our needs, the end result being a citizen voting base all geared toward voting in their own “economic interests,” which amounts to voting to allow the government to engage in legal pilferage of the labor of others so that it may redistribute the wealth that labor created to those who demand it at the ballot box.<\/p>\n

But naturally, the more nuanced on “our” side objected to such fearmongering rhetoric back when we embarrassing extremist Visigoths, with our silly constitutional fetishism and our anarchical hatred of overweening government, were pointing it out — Obama is and was, we were told over and over again, a garden-variety liberal Democrat (albeit one who had the rather strange habit of installing communists, racial segregationalists, and anti-Semites into important positions inside government), and by claiming otherwise, we were hyperventilating, exaggerating, unleashing some deep-seated racial animus that, to the “moderates” and “independents”, who are always painted as the most sensible among us, despite their not being able to pick sides between socialism and capitalism, was proving “unhelpful” to our “brand.”<\/p>\n

And this pose continued even after the 2010 elections, and continues still to this day among a certain type of GOP cheerleader — the kind who has grown content with Big Government and is interested in eating off its edges or sharing in its spoils.<\/p>\n

One further irony:\u00a0 several years ago now, a much-maligned, much attacked snowbilly hoochie — with her folksy delivery and her moronic reification of Reaganism and limited government — noted that food costs were climbing, and made the point that abundant energy, available to us right here at home, was one of the most important fixes to an economic malaise that, to that point at least, many many commentators on the right assumed Barack Obama actually wanted<\/em>.<\/p>\n

These claims — like the claim made by this same unpolished non-Ivy League pretender that ObamaCare would lead to “death panels” — were endlessly challenged and “fact checked” by “non-partisan” organizations, and, SURPRISE!, they were always shown to be “mostly untrue.”<\/p>\n

Until, of course, they were exactly true.\u00a0 At which point they’ve been ignored.<\/p>\n

I mention this because the same types who worked endlessly to discredit reality properly described are now working\u00a0 tirelessly to turn the hoax of global climate change and the “dreamer” vision of the noble savage arriving in our country to reintroduce us to the Christian work ethic, doing jobs lazy fat Americans won’t do, into settled science or historical truths.<\/p>\n

Merely by repetition and a will to power.<\/p>\n

But hey:\u00a0 wasn’t it fun when you could show your Democrat friends that you weren’t one of those<\/em> kind of wingers by voicing your loud disdain for the idiocy of a certain besieged Alaska wolf slaughterer, with her slutty daughter and her “waterhead” baby?<\/p>\n

Good times…<\/p>\n

<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Or, “Carter Country:\u00a0 The Return.”\u00a0 IBD: Food and energy prices are rising, wages are flat and the top concern among Americans is unemployment. What was that word coined in the ’70s to describe a stagnant economy suffering inflationary pressures? Since the Obama “recovery” started 4-1\/2 years ago, inflation appears to have been relatively tame, with core prices climbing just 7% from June 2009 to December 2013. But as CBS News<\/p>\n

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