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Food prices aren't rising. Palin got this information by misunderstanding a WSJ article that said the cost of goods was rising for stores, but the point of the article was that prices for consumers had surprisingly low increases. Even below average.
Yeah, but what does Keith Olberman say?
Sarah is the worst person in the world.
Now, answer this: Who owns the WSJ?
yeah. the wsj op-ed, not the blog.did you read the article? In full?
are you arguing what she said or? If so what is wrong with what she said?
"We don't want temporary, artificial economic growth brought at the expense of permanently higher inflation which will erode the value of our incomes and our savings," the former GOP Vice Presidential nominee said. "We want a stable dollar combined with real economic reform. It's the only way we can get our economy back on the right track."
making him an idiot in my opinion."The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values."
i doubt these folks would want to agree if they met. too radical an association for each with regard to credibility into the future. i've got no qualm with the link-up. it's not significant. just some quotes.They outlined what they agreed with, do you disagree?
If this isn't a plea for a weaker dollar in the name of balancing trade flows, what is it? The world knows the Fed can always win such a currency race to the bottom in the short run because it can print an unlimited supply of dollars. But the risks of currency war and economic instability are enormous.
thank you...I agree that 'permanently' is iffy but its not a stretch to allude that this could spin out of control. the aim of course it nudge inflation up a bit, lowering bond yields and at the same time he is going to raise commodities prices as we see and this also equals lower profit margins. This also doesn't help lending, lending is a long term game, and I thought promoting bus.was a focus of the admin..?
I agree the gold standard is dead..I don't know what hes thinking...
Sarah Palin Shreds WSJ Reporter For Not Being Able To Read His Own PaperFood prices aren't rising. Palin got this information by misunderstanding a WSJ article that said the cost of goods was rising for stores, but the point of the article was that prices for consumers had surprisingly low increases. Even below average.
OTOH - fuck quantitative easing. If we are going to be spending all that money it needs to go to the real middle class, not bankers, who are doing great and still not lending. Corporations are also doing fine and have huge cash reserves and still aren't expanding.
Meanwhile, the government won't pay to restructure mortgages, or even investigate fraudulent lenders or fraudulent foreclosures seriously.
Sarah Palin Shreds WSJ Reporter For Not Being Able To Read His Own Paper:
From Her Facebook
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 todays Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Heres 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 havent risen all that significantly, in fact. Really? Thats odd, because just last Thursday, November 4, I read an article in Mr. Reddys 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.(continued in link above)
Sarah Palin Shreds WSJ Reporter For Not Being Able To Read His Own PaperFood prices aren't rising. Palin got this information by misunderstanding a WSJ article that said the cost of goods was rising for stores, but the point of the article was that prices for consumers had surprisingly low increases. Even below average.
OTOH - fuck quantitative easing. If we are going to be spending all that money it needs to go to the real middle class, not bankers, who are doing great and still not lending. Corporations are also doing fine and have huge cash reserves and still aren't expanding.
Meanwhile, the government won't pay to restructure mortgages, or even investigate fraudulent lenders or fraudulent foreclosures seriously.
Sarah Palin Shreds WSJ Reporter For Not Being Able To Read His Own Paper:
From Her Facebook
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 todays Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Heres 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 havent risen all that significantly, in fact. Really? Thats odd, because just last Thursday, November 4, I read an article in Mr. Reddys 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.(continued in link above)
Typical, take a snipit then claim it mean something else. Forget about her Sarge, she's a ditz.
Reddy pointed out that the sentence Palin quoted actually said, "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."
"It does indeed report that supermarkets and restaurants are facing cost pressures that could push their retail prices higher but it hasn't happened yet on a large scale," Reddy said. "
TRENDING: War of words between Palin and the Wall Street Journal CNN Political Ticker - CNN.com Blogs
Yeah, but what does Keith Olberman say?
Sarah Palin Shreds WSJ Reporter For Not Being Able To Read His Own Paper
Sarah Palin Shreds WSJ Reporter For Not Being Able To Read His Own Paper:
From Her Facebook
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 todays Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Heres 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 havent risen all that significantly, in fact. Really? Thats odd, because just last Thursday, November 4, I read an article in Mr. Reddys 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.(continued in link above)
Typical, take a snipit then claim it mean something else. Forget about her Sarge, she's a ditz.
Reddy pointed out that the sentence Palin quoted actually said, "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."
"It does indeed report that supermarkets and restaurants are facing cost pressures that could push their retail prices higher but it hasn't happened yet on a large scale," Reddy said. "
TRENDING: War of words between Palin and the Wall Street Journal CNN Political Ticker - CNN.com Blogs
But prices has risen and that makes her right. 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. Who is misquoting? So is the article poorly written or all over the board? If so, then that reflects on the WSJ. Or did Ms. Palin take what the article gives and correctly make a point about rising food over the last year or so regardless of what the first paragraph of the article states and what Mr. Sudeep likes to ONLY point out?