Posted on 03/14/2012 7:43:46 PM PDT by Nachum
Back in November 2010 Governor Palin delivered a speech in which she warned that Bernankes easy money policy at the Fed were resulting in rising prices and, if left unchecked, had the potential to cause Jimmy Carter style inflation, complete with Carteresque terms like stagflation and the misery index that refugees from the 1970s remember all too well. Shortly after Governor Palins speech an intellectually lazy Wall Street Journal reporter, Sudeep Reddy, dismissed Governor Palins concerns and assured us that inflation was no problem, nor was it likely to be in the foreseeable future, he averred. This prompted a classic boom, taste my nightstick response from Governor Palin that no doubt left a mark on the hapless Reddy:
Ever since 2008, people seem inordinately interested in my reading habits. Among various newspapers, magazines, and local Alaskan papers, I read the Wall Street Journal.
So, imagine my dismay when I read an article by Sudeep Reddy in todays Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Heres what I said: everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher.
Mr. Reddy takes aim at this. He writes: Grocery prices havent risen all that significantly, in fact. Really? Thats odd, because just last Thursday, November 4, I read an article in Mr. Reddys own Wall Street Journal titled Food Sellers Grit Teeth, Raise Prices: Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies.
The article noted that an inflationary tide is beginning to ripple through Americas supermarkets and restaurants
Prices of staples including milk, beef, coffee, cocoa and sugar have risen
(Excerpt) Read more at conservatives4palin.com ...
They haven’t been on many Palin threads, then. But you are right...thought I was was so over the top it was obvious.
I must admit to posting under the influence of beer before and not catching subtle cues!
Lots of sly folks here!
Start a dairy and a feedlot.
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