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Huffington Post Libels Palin, Refuses to Change Story
Pundit Press ^ | 11/9/10 | Aurelius

Posted on 11/09/2010 9:37:33 AM PST by rightistight

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To: earlJam

Poor baby!
.


51 posted on 11/09/2010 12:30:19 PM PST by editor-surveyor (Obamacare is America's kristallnacht !!)
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To: editor-surveyor

52 posted on 11/09/2010 12:38:39 PM PST by earlJam
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To: freedomwarrior998
The quoted article has a nice graphic showing beef prices up 13%, sugar up 9%, milk up 10%. Now that may not be much to a WSJ reporter but to many Americans that is significant, especially when the dropping dollar is causing other commodities and imported goods to go up in price at the same time.
53 posted on 11/09/2010 12:40:15 PM PST by NavVet ("You Lie!")
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To: NavVet
>>>The quoted article has a nice graphic showing beef prices up 13%, sugar up 9%, milk up 10%.

However, current milk and egg prices are below September 2008 levels when quantitative easing took off. Prices are down year over year for a number of fruits and vegetables and beverages.

As I noted in an earlier post, the run-up in commodity food prices is not being driven by too many dollars, but is instead driven by fundamentals. Demand is up across the globe due to economic recovery and there have been supply issues due to lower crop output levels in key producing regions.
54 posted on 11/09/2010 1:30:46 PM PST by NC28203
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To: NC28203

I disagree 100%. The article, which I read, has a very clear statement in the second paragraph, first sentence. The accompanying graphic is 100% clear and easy to understand about some basic foods and what they have done over the year. The WSJ wrote it and posted it. Food Prices have risen recently and over the last year.

The rest of the article is opinion, some govt numbers and quotes from the business community.


55 posted on 11/09/2010 1:36:57 PM PST by roofgoat
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To: roofgoat

I’ll add, according the the WSJ article, here is what the govt thinks will be food inflation next year..

“The U.S. Agricultural Department is predicting overall food inflation of about 2% to 3% next year.”

Now I am not an economist, but 2 to 3% seems small. And if we are to believe the above govt prediction, why write an article about the fear of food inflation?


56 posted on 11/09/2010 1:49:36 PM PST by roofgoat
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To: NC28203

And yet the WSJ has a prominent graphic showing milk prices up considerable year over year. And in the article where business owners claim that they are seeing 10-20+ increase in commodity prices I guess they are wrong as well. Don’t forget that one of the fundamentals is costs, and the dollar has been dropping like a rock, causing the price of fuel, fertilizer, feed, and all other things produced oil to go up in price, at least if that rag the WSJ is to be believed. Anyone who believes we can devalue the dollar by 20%, with no increase in wages and not see prices shoot up by a cooresponding amount doesn’t undertand fundamentals.


57 posted on 11/09/2010 2:02:37 PM PST by NavVet ("You Lie!")
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To: rightistight

what beautiful skin....


58 posted on 11/09/2010 2:19:30 PM PST by The Wizard (Madam President is my President now and in the future)
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To: The Wizard

Arianna hates. Period.


59 posted on 11/09/2010 2:24:01 PM PST by trappedincanuckistan (livefreeordietryin)
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To: earlJam

.
I like your hat anyway...


60 posted on 11/09/2010 2:38:14 PM PST by editor-surveyor (Obamacare is America's kristallnacht !!)
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To: NavVet

>>> And in the article where business owners claim that they are seeing 10-20+ increase in commodity prices I guess they are wrong as well.

No, I agree they are seeing higher prices. They just have been unable to pass them along to consumers, which has resulted in narrower margins. Also, the actual cost of food ingredients is relatively small for most final food items sold. Labor, transportation and marketing frequently make up a larger share of the final goods price than does the food going into it. So, even if commodity prices are up 10-20%, grocery food prices are not likely to see those same gains.


61 posted on 11/09/2010 2:44:45 PM PST by NC28203
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To: NC28203
"An inflationary tide is beginning to ripple through America’s supermarkets and restaurants, threatening to end the tamest year of food pricing in nearly two decades."

I don't know exactly when it happened, down to the month, but within the last 18 months ALL of the restaurants that I frequest jacked up their prices by a buck or two for most entrees. Since we are talking about entrees in the $10-14 price range, that represents a hike of about 8-12%. So if they are claiming there was no increases in food prices during that period, I frankly don't believe their statistics.

But, getting back to the quote, the reference to an "inflationary tide" in recent months renders Palin's characterization of the story quite fair and reasonable. It is certainly not a gross distortion.
62 posted on 11/09/2010 2:57:35 PM PST by Steve_Seattle ("Above all, shake your bum at Burton.")
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To: Steve_Seattle

>>>But, getting back to the quote, the reference to an “inflationary tide” in recent months renders Palin’s characterization of the story quite fair and reasonable. It is certainly not a gross distortion.

Well if a QE2 is going to result in a 1.4% “inflationary tide” for food prices, then I guess we don’t have that much to worry about.


63 posted on 11/09/2010 2:59:47 PM PST by NC28203
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To: ErnBatavia

Thanks for that info. But I wonder about her real past.


64 posted on 11/09/2010 3:02:39 PM PST by dools0007world
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To: rightistight

Flour/grain prices up...and set to rise again: CHECK!
Sugar prices up...and set to rise to record levels: CHECK!
Meat and poultry prices up...and set to rise more: CHECK!
Food packages downsized, with no decrease in prices, AGAIN: CHECK!

Yep! That Sarah Palin wingnut says food prices are higher, so that proves she is definitely a liar!


65 posted on 11/09/2010 5:10:26 PM PST by ApplegateRanch (Made in America, by proud American citizens, in 1946.)
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To: freedomwarrior998
Uh, wasn't Palin's quote: "everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so..."
The response by the WSJ reporter was that the increase was not actually significant.

What is or isn't "significant" depends upon one's income level and budget constraints.

66 posted on 11/09/2010 5:27:48 PM PST by ApplegateRanch (Made in America, by proud American citizens, in 1946.)
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To: ApplegateRanch

>>>What is or isn’t “significant” depends upon one’s income level and budget constraints.

Perhaps, but the average growth rate over the past 20 years is 2.7%. Current rate is 1.4%. I wouldn’t call that significantt growth. By comparison, real GDP grew at 2.0% in 3Q10. The 20-year average is 2.5%. I don’t think most people would say we saw significant growth in GDP last quarter.


67 posted on 11/10/2010 5:55:31 AM PST by NC28203
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