Failin' with Palin on QE
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Quote from trefoil:
Recent history:
Yep, sho 'nuff didn't work.
Do any of you righties do anything besides scratch your balls between posting?
LOL!
weekly hours index is your answer to how the economy is improving?
hint: utilization increases allow companies to fire more workers and make the ones they have work longer and harder. this does not constitute economic recovery.
please say you posted that chart by accident.
The major fear spreading about the economy was this guy:
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I don't recall Obama spreading fear like this idiot did during his reign of stupidity. The only thing comes to mind is GM but was that really fear?
here we go again with bringing out bush in comparison.
while i will agree with you that bush certainly did some fear mongering there (and throughout the crisis), obama simply echoed the same statements:
"if we hadn't done what we did, we'd have a relapse of the great depression" etc...
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http://www.youtube.com/watch?v=9s1odqQTKyU
a bit narrow minded, aren't we? there are many left leaning "news" outlets that do the same thing. they've DONE the same thing since the republicans took the last election. all i see is how we're doomed now that republicans are in the house.
it's more a flaw with media and less a particular show. "if it bleeds, it leads".
Palin: Do newspaper reporters read their own newspapers?
POSTED AT 8:48 AM ON NOVEMBER 9, 2010 BY ED MORRISSEY
Does the press ever tire of underestimating Sarah Palin? The latest to assume that Palin doesnât research her topics is â surprisingly â the venerable Wall Street Journal, and on the equally surprising topic of economics. When Palin objected to the Fedâs second round of âquantitative easingâ, otherwise known as âprinting more money,â on the basis that American consumers already see enough inflation at the grocery store, reporter Sudeep Reddy scoffed that Palin had no clue and that inflation had been non-existent. Where could Palin have come up with the idea that prices have been rising for supermarket shoppers?
Three guesses:
The problem isnât that this current inflation rate is somehow historically large. It isnât, as Reddy and the original WSJ article notes, although retailers are already having problems in getting consumers to purchase goods in normal quantities because of it. The point Palin made was that taking a voyage on the QE2 would make a difficult issue for consumers and retailers much worse through the deliberate introduction of even higher inflation, an explicit motivation behind the Fedâs actions.
So Palin was right once again, and once again a reporter winds up with egg on face from starting out with an assumption that Palin couldnât possibly know what sheâs talking about. Lather, rinse, repeat
POSTED AT 8:48 AM ON NOVEMBER 9, 2010 BY ED MORRISSEY
Does the press ever tire of underestimating Sarah Palin? The latest to assume that Palin doesnât research her topics is â surprisingly â the venerable Wall Street Journal, and on the equally surprising topic of economics. When Palin objected to the Fedâs second round of âquantitative easingâ, otherwise known as âprinting more money,â on the basis that American consumers already see enough inflation at the grocery store, reporter Sudeep Reddy scoffed that Palin had no clue and that inflation had been non-existent. Where could Palin have come up with the idea that prices have been rising for supermarket shoppers?
Three guesses:
In fact, the Wall Street Journal noted that food prices have gone up faster than inflation, although perhaps the language was too obscure for Reddy:
Or ⦠maybe not.
The WSJ reports that increased demand from China has created more competition for agricultural products, which means price increases. Thatâs good news for farmers, but not necessarily good news for consumers. Steadily increasing gas prices will also contribute to higher food prices as the cost of transporting goods increases, although itâs not as noticeable as it was in 2008, and the WSJ doesnât mention transportation costs at all.
The problem isnât that this current inflation rate is somehow historically large. It isnât, as Reddy and the original WSJ article notes, although retailers are already having problems in getting consumers to purchase goods in normal quantities because of it. The point Palin made was that taking a voyage on the QE2 would make a difficult issue for consumers and retailers much worse through the deliberate introduction of even higher inflation, an explicit motivation behind the Fedâs actions.
So Palin was right once again, and once again a reporter winds up with egg on face from starting out with an assumption that Palin couldnât possibly know what sheâs talking about. Lather, rinse, repeat