Failin' with Palin on QE

this is meaningless, since the president's position would never be to spread fear while he was in office.

 

LOL!

weekly hours index is your answer to how the economy is improving?

hint: utilization increases allow companies to fire more workers and make the ones they have work longer and harder. this does not constitute economic recovery.

please say you posted that chart by accident.

 

The major fear spreading about the economy was this guy:

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I don't recall Obama spreading fear like this idiot did during his reign of stupidity. The only thing comes to mind is GM but was that really fear?

 

here we go again with bringing out bush in comparison.

while i will agree with you that bush certainly did some fear mongering there (and throughout the crisis), obama simply echoed the same statements:

"if we hadn't done what we did, we'd have a relapse of the great depression" etc...

 

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http://www.youtube.com/watch?v=9s1odqQTKyU

 

Convertability +1

and Bush sold it to the meatheads in the congress, even though he was an obvious liar.

 

Yeah. Since late 2008, that's been the job of FOX & Friends.

 

a bit narrow minded, aren't we? there are many left leaning "news" outlets that do the same thing. they've DONE the same thing since the republicans took the last election. all i see is how we're doomed now that republicans are in the house.

it's more a flaw with media and less a particular show. "if it bleeds, it leads".

 

Palin: Do newspaper reporters read their own newspapers?
POSTED AT 8:48 AM ON NOVEMBER 9, 2010 BY ED MORRISSEY

Does the press ever tire of underestimating Sarah Palin? The latest to assume that Palin doesn’t research her topics is — surprisingly — the venerable Wall Street Journal, and on the equally surprising topic of economics. When Palin objected to the Fed’s second round of “quantitative easing”, otherwise known as “printing more money,” on the basis that American consumers already see enough inflation at the grocery store, reporter Sudeep Reddy scoffed that Palin had no clue and that inflation had been non-existent. Where could Palin have come up with the idea that prices have been rising for supermarket shoppers?

Three guesses:

In fact, the Wall Street Journal noted that food prices have gone up faster than inflation, although perhaps the language was too obscure for Reddy:

Or … maybe not.

The WSJ reports that increased demand from China has created more competition for agricultural products, which means price increases. That’s good news for farmers, but not necessarily good news for consumers. Steadily increasing gas prices will also contribute to higher food prices as the cost of transporting goods increases, although it’s not as noticeable as it was in 2008, and the WSJ doesn’t mention transportation costs at all.

The problem isn’t that this current inflation rate is somehow historically large. It isn’t, as Reddy and the original WSJ article notes, although retailers are already having problems in getting consumers to purchase goods in normal quantities because of it. The point Palin made was that taking a voyage on the QE2 would make a difficult issue for consumers and retailers much worse through the deliberate introduction of even higher inflation, an explicit motivation behind the Fed’s actions.

So Palin was right once again, and once again a reporter winds up with egg on face from starting out with an assumption that Palin couldn’t possibly know what she’s talking about. Lather, rinse, repeat

 

Reddy is a jackwagon.

i personally guarantee you that grocery store items will rise in price between 2 and 10% (the upper limit is a soft bet) by Jan 15th. you should believe me, as i work in the consumer packaged goods industry.