“The three big things [causing increases] are energy prices, the growth of the Chinese and India market, and bad weather,” said economist Martin Kohli, of the US Bureau of Labor Statistics, referring to poor wheat-crop production in Russia and Australia.”
Uh, no. This is an apologist for the administration.
Number one is rising inflation, due to Obama’s destruction of the dollar.
Number two is rising gas prices, adding increased transportation cost to everything across the board.
Number three is the fact we are burning our corn for fuel, rather than eating it. This is driving up corn, which is a staple in things people never realize (corn syrup, etc.)
Also the increased regulations across the board, like the idiotic EPA saying spilled milk has to be treated legally like an oil spill.
The droughts and floods and increased use by China and India are not helping, but number one is INFLATION.
When Obama came to power, I told everyone I knew, by the time he leaves office, inflation will be off the charts. It’s classic Democratic legacy. It’s what happens when you punish your producers.
Yeah, and not a very good one at that. I would think that by now Obama would have run out of Keynesian economists who don't want their name associated with this presidency.
Number one is rising inflation, due to Obama’s destruction of the dollar.
Number two is rising gas prices, adding increased transportation cost to everything across the board.
Number three is the fact we are burning our corn for fuel, rather than eating it. This is driving up corn, which is a staple in things people never realize (corn syrup, etc.)
Re: Number 1 -- We have a severe fiscal problem that our gov't is trying to fix with a monetary band-aid. Fault: Obama
Re: Number 2 -- Obama and the left has curtailed US drilling for oil. Couple this with a weaker dollar, and gasoline prices go up. Fault: Obama
Re: Number 3 -- This item is hurting third world countries extremely hard. The people Obama is trying to liberate and save are being enslaved by their messiah. Fault: Obama.
My favorite real-world example of this absurdity:
$25,000 fine and hazmat response for spilling a can of latex paint
I agree with you on everything except that we should stop using corn to create fuel. Why?
Because corn (maize) is a very poor source of nutrition. It makes better sense to use it as animal fodder.
Corn syrup? No, the items that use it are better left off of everyone’s diet!
If there is one beneficial result of this crisis, hopefully it will that less people buy prepackaged food and start eating sensibly.
That's the excuse the Soviets always used, and the Norks have used for forty years. Amazing how the only places that get "bad weather" are socialist sh*thholes.