Iran inflation keeps pressure on Ahmadinejad

[freedomnorth]

Source: Reuters

TEHRAN (Reuters) - Ali Daryani is embarrassed at the inflationary pain he is passing on to his customers. "Sometimes we have to change the price stickers three times a day because of inflation," the 42-year-old Tehran grocer said.

Iran's President Mahmoud Ahmadinejad survived this month's parliamentary election without a big blow to his prestige, even if his core support base among a broad conservative camp shrank.

Now the president's opponents in the Islamic Republic, both from the reformist minority and the victorious conservatives, could force him to rein in populist spending policies seen as partly to blame for inflation hovering around 19 percent.

Since Ahmadinejad swept to power in 2005 promising to spread Iran's oil wealth to the people, soaring world oil prices have swelled national revenues, but economists say colossal subsidies and presidential handouts have predictably fuelled inflation.

Read more: http://www.reuters.com/article/worldNews/idUSL2037673520080324

[glowing]

1. Wasn't he just arrested for having sex with 6 women at a brothel?

Guess this guy is just like Bush.. ruining the economy and not caring one stinking bit...