[longtermmemmory]

Obama inflation is here.

Cash for clunkers has caused a shortage of moderate priced used cars THUS those that are left are COSTING MORE. (msnbc)

IOW Obamaflation.

[TomGuy]

Obama inflation is here.

I went to Walmart Superstore on Thursday. I noticed many items in the canned goods aisle had price jumps of 30% to nearly 60%. Many canned food items that were 55-cents just 3 weeks ago had increased to 87-cents.

If interest rates start jumping soon, we will know we are seeing Carter II.