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Governor Palinís Inflation Warning in 2010 Looks Increasingly Prophetic
conservatives 4 palin ^ | 3/14/12 | Doug Brady

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 Bernanke’s “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 Palin’s speech an intellectually lazy Wall Street Journal reporter, Sudeep Reddy, dismissed Governor Palin’s 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 today’s Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Here’s 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 haven’t risen all that significantly, in fact.” Really? That’s odd, because just last Thursday, November 4, I read an article in Mr. Reddy’s 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 America’s supermarkets and restaurants…Prices of staples including milk, beef, coffee, cocoa and sugar have risen

(Excerpt) Read more at conservatives4palin.com ...


TOPICS: News/Current Events
KEYWORDS: governor; inflation; palins; warning

1 posted on 03/14/2012 7:43:51 PM PDT by Nachum
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To: Nachum

How could an ignoramus like Sarah Palin have a freaking clue about economic cycles?

I’m tired of people second-guessing the educated experts in Washington; buncha bitter, divisive bigots.

God save us!


2 posted on 03/14/2012 7:57:40 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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To: Nachum
We need Sarah's kind of experience and leadership more in

our government at the top level. What an amazing person.

3 posted on 03/14/2012 8:06:01 PM PDT by Christie at the beach (I like Newt and would love to see political dead bodies on the floor.)
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To: Christie at the beach

She supposedly has a photographic memory.


4 posted on 03/14/2012 8:12:12 PM PDT by Josephat
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To: Nachum
Obama is literally destroying our county.

We have $4.10 gas now in my town. Have you seen the prices at the grocery store?

It is shocking. The price of meat -- $7 or more a pound for steak. Almost every item on the shelves is $5 or more.

The high food prices remind me of when I was a little boy in the 1960s when our family could only afford hamburger, canned tuna and hot dogs and we clipped coupons to save on food costs.

We only had one chicken to eat for the five of us, so the kids fought over who would get a leg or wing.

Looks like we are returning to the days of Hamburger Helper.

Obama: The Hamburger Helper President


5 posted on 03/14/2012 8:12:20 PM PDT by garjog
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To: Nachum

Geez, just about everyone has been warning of inflation for the last three years.


6 posted on 03/14/2012 8:17:51 PM PDT by raybbr (People who still support Obama are either a Marxist or a moron.)
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To: garjog
Looks like we are returning to the days of Hamburger Helper.

Yep, only this time, you're paying for everyone else's HH.

7 posted on 03/14/2012 8:21:10 PM PDT by Jane Long (Soli Deo Gloria!)
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To: Christie at the beach

Sarah knows what she is doing.


8 posted on 03/14/2012 8:26:00 PM PDT by Big Horn (Rebuild the GOP to a conservative party)
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To: One Name

Might be a good time to log out and visit the other 14 states.


9 posted on 03/14/2012 8:31:57 PM PDT by lag along
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To: Nachum

I don’t wonder, I know. Having a large family puts teeth in the inflation bite. The wife reports that her weekly $200 Wal-mart food etc. run has now become a $300 weekly affair. Do the math.


10 posted on 03/14/2012 8:37:51 PM PDT by HMS Surprise (Chris Christie can still go to hell.)
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To: garjog

I grew up in those days. I was born in 1960. We didn’t have a color television in my house until 1974. I’m not sure it was all that bad.

Here’s the thing: We need to get back onto a gold and silver standard backing our currency, instead of debt. Fiat money based on debt makes of us slaves with, perhaps, purchasing power beyond our means that enslaves us to objects made of plastic instead of plaster. I went to Wal-Mart yesterday to get a large plaster urn, and found only plastic ones from China. I want to put a miniature peach tree on my back deck. I won’t be doing it with some plastic crap from China. But now that I’m thinking about it, if I had found what I really wanted, I probably would have put it on a credit card and made of myself an indentured servant/slave until it was paid off, along with all my other credit bills.

I think we should go back to a gold standard. Failing that, we should save for and buy an ounce of gold for every month we expect to live in retirement. That gold should be kept physically in hand in the form of coins, and be well-hidden, at home and not in a bank.


11 posted on 03/14/2012 8:51:52 PM PDT by perchprism (To those about to revolt, we salute you.)
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To: Nachum
The Consumer Price Index, our trustworthy barometer of price inflation, no longer includes Food, Fuel or Healthcare in its calculations. How convenient for those who point to the "official" statistics and claim "See, there is no inflation!"
12 posted on 03/14/2012 8:57:55 PM PDT by Always A Marine
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To: HMS Surprise
I don’t wonder, I know. Having a large family puts teeth in the inflation bite

I feel your pain. Our family struggles now too. We have a place hear called the 99 cent store. We are now regular customers.

13 posted on 03/14/2012 9:23:50 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Always A Marine

How the ell do they get away with not including food, gas and healthcare?????

I went to the emergency room last week - on a Sunday - to make sure I didn’t have bronchitis or worse. After waiting over an hour finally a nurse practitioner saw me for maybe 5 minutes. I got a copy of the bill to my insurance yesterday - over $800. Ok...I shouldn’t have gone to the ER but geez - $800 for 5 minutes???


14 posted on 03/14/2012 9:52:40 PM PDT by Aria ( 2008 wasn't an election - it was a coup d'etat.)
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To: Nachum

Here in Hawaii, milk is $10 /gallon. Steak is out of sight!


15 posted on 03/14/2012 10:28:23 PM PDT by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
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To: Islander7

Pineapple and macadamia’s must be cheap. :-)


16 posted on 03/14/2012 10:58:37 PM PDT by mainevet (Get an M1911 or two or three or four)
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To: mainevet

Pineapple yes, mac nuts no. Locally grown coffee is reasonable, but I’m no a drinker.


17 posted on 03/15/2012 12:13:23 AM PDT by Islander7 (There is no septic system so vile, so filthy, the left won't drink from to further their agenda)
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To: One Name

*snort*


18 posted on 03/15/2012 9:16:35 AM PDT by SuziQ
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To: One Name

You should have used a SAR tag, some FReeper is sure to jump your sh** about your comments as if they were in ernest.


19 posted on 03/15/2012 12:59:42 PM PDT by calex59
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To: lag along

Workin on it- gotta get my tongue out of my cheek first, FRiend.


20 posted on 03/15/2012 8:47:31 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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To: calex59

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!


21 posted on 03/15/2012 8:51:56 PM PDT by One Name (Go to the enemy's home court and smoke his ass.)
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To: Islander7

Start a dairy and a feedlot.


22 posted on 03/21/2012 9:07:48 PM PDT by tdscpa
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