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Bronco wrote:Overheard two gals in the office talking about the big rise in food prices they noticed since they last shopped.

yet we still have folks that support the failed economic policies of this administration.

Grizalltheway wrote:

Bronco wrote:Overheard two gals in the office talking about the big rise in food prices they noticed since they last shopped.

yet we still have folks that support the failed economic policies of this administration.

Where was this bitching during the food price crisis of Bush's admin?

Grizalltheway wrote:
Where was this bitching during the food price crisis of Bush's admin?

bulldog10jw wrote:

Grizalltheway wrote:
Where was this bitching during the food price crisis of Bush's admin?

What food price crisis?

Grizalltheway wrote:

bulldog10jw wrote:
What food price crisis?

http://en.wikipedia.org/wiki/2007%E2%80 ... ted_States" onclick="window.open(this.href);return false;

bulldog10jw wrote:

Grizalltheway wrote:
http://en.wikipedia.org/wiki/2007%E2%80 ... ted_States" onclick="window.open(this.href);return false;

So Bush was responsible for a WORLD food crisis. OK

Grizalltheway wrote:

Bronco wrote:Overheard two gals in the office talking about the big rise in food prices they noticed since they last shopped.

yet we still have folks that support the failed economic policies of this administration.

Where was this bitching during the food price crisis of Bush's admin?

Grizalltheway wrote:

bulldog10jw wrote:
So Bush was responsible for a WORLD food crisis. OK

When did I say that? Bongo's the one blaming current food prices on Obama.

Baldy wrote:

Grizalltheway wrote:
When did I say that? Bongo's the one blaming current food prices on Obama.

Obama's failures in policies regarding QE2 and wasting massive amounts of acreage and crops for inefficient and expensive 'alternative' energy is just 2 reasons of many that has made the price of food skyrocket. Sorry...

Grizalltheway wrote:

Baldy wrote: Obama's failures in policies regarding QE2 and wasting massive amounts of acreage and crops for inefficient and expensive 'alternative' energy is just 2 reasons of many that has made the price of food skyrocket. Sorry...

Can you remind me when the push for using corn based alternative fuels started? And QE is a Fed policy, IIRC.

Grizalltheway wrote:

Bronco wrote:Overheard two gals in the office talking about the big rise in food prices they noticed since they last shopped.

yet we still have folks that support the failed economic policies of this administration.

Where was this bitching during the food price crisis of Bush's admin?

Grizalltheway wrote:

Baldy wrote: Obama's failures in policies regarding QE2 and wasting massive amounts of acreage and crops for inefficient and expensive 'alternative' energy is just 2 reasons of many that has made the price of food skyrocket. Sorry...

Can you remind me when the push for using corn based alternative fuels started? And QE is a Fed policy, IIRC.

Baldy wrote:

Grizalltheway wrote:
Can you remind me when the push for using corn based alternative fuels started? And QE is a Fed policy, IIRC.

No, QE2 is definitely an Obama fiscal policy, and he is quite proud of it.

Obama Fires Back After China Slates Fed's QE2

"President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday during a trip to India, after Chinese officials stepped up criticism ahead of this week's Group of 20 meeting.

The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output to prevent "currency wars" from spreading to become a rush to protectionism that could imperil the global recovery.

It has been overshadowed by disagreements over the U.S. Federal Reserve's quantitative easing (QE) policy under which it will print money to buy $600 billion of government bonds, a move that could depress the dollar and cause a potentially destabilizing flow of money into emerging economies.

"I will say that the Fed's mandate, my mandate, is to grow our economy. And that's not just good for the United States, that's good for the world as a whole," Obama said"

It doesn't matter when the push for ethanol was started. it was a bad idea then, and an even worse idea now. Under Obama ethanol production has increased by about 50%. That is what matters.

According to the IMF, the quantitative easing policies undertaken by the central banks of the major developed countries since the beginning of the late-2000s financial crisis, have contributed to the reduction in systemic risks following the bankruptcy of Lehman Brothers. It has also contributed to the recent improvements in market confidence, and the bottoming out of the recession in the G-7 economies.[39]

Economist Martin Feldstein argues that QE2 led to a rise in the stock-market in the second half of 2010, which in turn contributed to increasing consumption and the strong performance of the US economy in late-2010

Grizalltheway wrote:

Bronco wrote:Overheard two gals in the office talking about the big rise in food prices they noticed since they last shopped.

yet we still have folks that support the failed economic policies of this administration.

Where was this bitching during the food price crisis of Bush's admin?

native wrote:

Grizalltheway wrote:
Where was this bitching during the food price crisis of Bush's admin?

There was no food prices crisis during the Bush years. Prices spiked during Katrina. That's it.

AZGrizFan wrote:Things are going swimmingly. Nothing to see here...move along people....

This graph shows jobless claims trend over the past year....



This one shows the devaluation of the dollar in the last 120 days:



This one shows the weekly running average of the cost of a barrel of light sweet crude:



This one shows the spending future of our bankrupt country:

Skjellyfetti wrote:Oil down 8.6% today