“Quick, what’s the primary reason food costs are soaring?”
Hmmmmm, PRIMARY? I can think of 3 reasons.
#1 - As the dollar falls in value, things get more expensive. I think it’s called inflation? (Thank you Ben Bernanke)
#2 - Fuel prices. Farmers use a lot of gas and diesel, and truckers use a lot of diesel to get the stuff to us.
#3 - We’re burning our food in cars! E85. Stupid, stupid, stupid.
If I had to guess, I’d say #2 has the most impact.
(I just moved a big chunk of my 401k to cash, I think it’s going to get lots worse before it gets better).
It's not just E85. I just heard today that Minnesota has a new law that by 2012 ethanol content of all gas must go from 10% to 20%, and manufactures are being strong armed into agreeing that this will cause no problem for existing vehicles. I used to think that Islam was the primary insanity on the planet. It surely still is, but not the only contender anymore. Ethanolism and Global Warmingism are giving it a run for it's money.