While Rome burns ethanol....

cat daddy · 2007-08-15T13:28:06+00:00

Let 'em eat powdered cellulose...Prices for key foods are rising sharply "Meeting with economic writers last week, President Bush dismissedseveral polls that show Americans are down on the economy. He expressedsurprise that inflation is one of the stated concerns.?They cite inflation?? Bush asked, adding that, ?I happen to believe the warhas clouded a lot of people's sense of optimism.?But the inflation numbers reveal the extent to which lower- andmiddle-income Americans are being pinched.The Bureau of Labor Statistics said in its June inflation report that eggprices are 19.5 percent higher than they were in June 2006. Over the sameperiod, according to the department?s consumer price index, whole milk wasup 13.3 percent; fresh chicken 10 percent; navel oranges 19.8 percent;apples 11.7 percent. Dried beans were up 11.5 percent, and white bread justmissed double-digit growth, rising by 9.6 percent.These numbers get lost in the broader inflation rate for all goods andservices, which measured 2.7 for the same 12-month period. Across theeconomy, rising food prices were offset by falling prices for things boughtat the mall: computers, cameras, clothing and shoes." Anyone got a recipe for boiled shoe soup?

Aug 15, 2007 20 Replies

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Glenna Rose 19 years ago

Not to worry, that will come with the ocean water as more ice melts.

Glenna

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While Rome burns ethanol....

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