Prices for key foods are rising sharply

[Wiregrass Willie]

There is a nice chart at this site --

Prices for key foods are rising sharply

http://www.mcclatchydc.com/227/story/18902.html

MIDLAND, Va. — The Labor Department’s most recent inflation data showed that U.S. food prices rose by 4.1 percent for the 12 months ending in June, but a deeper look at the numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits.

Already stung by a two-year rise in gasoline prices, American consumers now face sharply higher prices for foods they can’t do without. This little-known fact may go a long way to explaining why, despite healthy job statistics, Americans remain glum about the economy.

Meeting with economic writers last week, President Bush dismissed several polls that show Americans are down on the economy. He expressed surprise that inflation is one of the stated concerns.

“They cite inflation?” Bush asked, adding that, “I happen to believe the war has clouded a lot of people's sense of optimism.”

[Double T]

1. This indicates how out of touch bush is with the American people and reality.

[MotorCityMan]

4. Just like Poppy's Supermarket Scanner Moment

He doesn't understand anyone who is not his "kind".

"Who cares what you think?"

[Jim__]

2. "I happen to believe..."

And, of course, whatever he believes is reality. :sarcasm:

[shadowrider]

3. Here's the explanation

From the article: "reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits."

Environmentalists wanted alternative fuels. Ethanol comes along and now farmers grow corn for fuel to make more money. This makes corn for food much more expensive since there is less of it for that purpose. Feeding cows, chickens etc. corn is going to raise the price of their products (milk, eggs, steaks, etc.)

Sometimes, you get what you wish for.

[kestrel91316]

5. Gloat much, do we?

Enjoy your brief stay.

[shadowrider]

6. Not gloating at all

Simply explaining why milk, meat and eggs have gone up so much. What's to gloat about?