Article

2011-03-16 Economy

Food prices increase 3.9% in February, highest jump in 36 years

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by DarthVader 2011-03-16 13:00|| || Front Page|| [11 views ] Top

#1 This is intentional on Obama's part. As per Palin's today at Drudge:

"...This was no accident. Through a process of what candidate Obama once called gradual adjustment, American consumers have seen prices at the pump rise 67 percent since he took office. Lets not forget that in September 2008, candidate Obamas Energy Secretary in-waiting said: "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe. Thats one campaign promise theyre working hard to fulfill! Last week, the British Telegraph reported that the price of petrol in the UK hit £6 a gallon which comes to about $9.70. If you think $4 a gallon is bad now, just wait till the next crisis causes oil prices to necessarily skyrocket. Meanwhile, the vast undeveloped reserves that could help to keep prices at the pump affordable remain locked up because of President Obamas deliberate unwillingness to drill here and drill now.

Hitting the American people with higher gas prices like this is essentially a hidden tax and a transfer of wealth to foreign regimes who are providing us the energy we refuse to provide for ourselves. Like inflation, higher energy prices are a hidden tax on Americans who are struggling to make ends meet. And these high gas prices will be felt in the form of higher food prices due to higher transportation costs. Energy is connected to everything in our economy. Access to affordable and secure energy is key to economic growth, which in turn is key to job growth. Energy is the building block of our economy. The President is purposely weakening that building block and weakening our country.

2012 cant come soon enough."

Posted by Herb Creager3390 2011-03-16 13:47|| 2011-03-16 13:47|| Front Page Top

#2 The Onion has a lawsuit against ChairSatan Ben S. Bernanke for warping reality to the point that it's caused their business model to fail.

"We can't create headlines, no matter how much hash we've smoked, more ridiculous than ones being created by Bernanke," one senior writer complained

Posted by tipper 2011-03-16 14:57|| 2011-03-16 14:57|| Front Page Top

#3 This is intentional on Obama's part. As per Palin's today at Drudge:....

Thanks for that, Herb. And yet so many people that I talk to think she's lightweight and stupid.

Posted by Ebbang Uluque6305 2011-03-16 15:26|| 2011-03-16 15:26|| Front Page Top

#4 Of course they do, she's prettier and smarter than they are. It chaff haters.

Posted by Fi 2011-03-16 15:34|| 2011-03-16 15:34|| Front Page Top

#5 Price of wheat up today after two weeks of decline.

Posted by bman 2011-03-16 15:34|| 2011-03-16 15:34|| Front Page Top

#6 It chaffs the haters.

Posted by Fi 2011-03-16 15:35|| 2011-03-16 15:35|| Front Page Top

#7 Boy, that Barry guy sure is doing a swell job!

Posted by Jefferson 2011-03-16 18:04|| 2011-03-16 18:04|| Front Page Top

#8 'Necessarily skyrocket:' $7 gas to meet Obama's targets

Posted by Fester Javith5393 2011-03-16 20:35|| 2011-03-16 20:35|| Front Page Top

00:20 JosephMendiola
23:54 JosephMendiola
23:03 Besoeker
23:00 Anguper Hupomosing9418
22:40 Broadhead6
22:35 Broadhead6
22:33 Broadhead6
22:30 Fester Javith5393
22:28 Frank G
22:17 Pappy
22:13 Pappy
21:55 Anonymoose
21:43 rammer
21:33 CrazyFool
21:17 Orion
21:16 Alaska Paul
21:04 lord garth
21:00 lord garth
20:52 JosephMendiola
20:38 Fester Javith5393
20:36 JosephMendiola
20:35 Fester Javith5393
20:32 rammer
20:29 Fi