Holey moley: Shop keeps raisin bagel prices
The Massachusetts Liberal offers proof that food prices are soaring:
... A baker's dozen at Kupel's in Brookline cost $6 for a seeming eternity. The last time I was in last month, the price had jumped to $7.49. Tonight, about three weeks later, it was $7.99 -- along with a note apologizing while blaming extraordinary increases in ingredients and transportation costs. ...
More proof
Market Basket in Somerville, known for low prices, was only slightly less than weekend busy on a Tuesday Night. I saw a number of families doing what my parents used to do when food prices were climbing in the 70s - buying two and sometimes three packed shopping carts of non-perishable foods like flour, corn meal, beans, etc.
I remember those days. Scary to see others on the margin have to live them yet again.
Not enough credit for the economy
If it were only the bagels.
Clearly, George Bush is not getting enough credit for the economy.
He has financed a $3 trillion war of choice on the national credit card, pursued a weak dollar policy, and handed out tax cuts to the rich and the dead. Is there any reason he doesn't get enough credit for the job-ess economic recovery?
Please, no more McSame. Vote Democratic.
Credit where its due
Stagflation is a very rare economic phenomenon. Credit Bush for finding a way to bring back such unique economic conditions combining inflation with a stagnant economy.
Talent
All should stand in awe of the shrub's impressive talent for fucking things up.
wheat shortages
This can't entirely be blamed on Bush - there's a global wheat shortage caused by poor weather elsewhere. American wheat production is doing just fine, but the scarcity of wheat elsewhere has driven prices way up.
Ethanol
Isn't some of the problem here that food crops are being converted to fuel?
Multiple Causes, One High Price
Food crops are being converted to fuel is part of the equation, but not so much for wheat as for corn. A poor wheat harvest last fall is another part. Land formerly used for food crops now being used for "fuel" crops instead is a third piece (e.g. canola or soy instead of wheat). Add in increased fuel prices that affect every level of production and it adds up.
Don't forget the incredible shrinking dollar
Which makes our wheat, etc. a lot more affordable in the rest of the world.