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 doesn’t research her topics is — surprisingly — the venerable Wall Street Journal, and on the equally surprising topic of economicsWhen Palin objected to the Fed’s second round of “quantitative easing”, otherwise known as “printing more money,”  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:

So, imagine my dismay when I read an article by Sudeep Reddy in today’s Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association. Here’s 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 haven’t risen all that significantly, in fact.” Really? That’s odd, because just last Thursday, November 4, I read an article in Mr. Reddy’s own Wall Street Journal titled “Food Sellers Grit Teeth, Raise PricesPackagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies.”

The article noted that “an inflationary tide is beginning to ripple through America’s supermarkets and restaurants…Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months.”

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:

Food prices are rising faster than overall inflation.

Or … maybe not.

The consumer price index for all items minus food and energy rose 0.8% over the year to September, the lowest 12-month increase since March 1961, the Bureau of Labor Statistics said. The food index rose 1.4%, however. The U.S. Agricultural Department is predicting overall food inflation of about 2% to 3% next year.

The WSJ reports that increased demand from China has created more competition for agricultural products, which means price increases.  That’s 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 it’s not as noticeable as it was in 2008, and the WSJ doesn’t mention transportation costs at all.

The problem isn’t that this current inflation rate is somehow historically large.  It isn’t, 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 Fed’s 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 couldn’t possibly know what she’s talking about.  Lather, rinse, repeat.


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Lol. Good on you Sarah, Bless You!

OmahaConservative on November 9, 2010 at 8:50 AM

This was the most wonderful smackdown by a maestro with history of wonderful smackdowns. Brava!

promachus on November 9, 2010 at 8:51 AM

Much of what she says publicly tends to expose the MSM, the only question being who will be the first to put his foot in it. ‘Cuda!

Akzed on November 9, 2010 at 8:52 AM

On a side note, maybe WSJ should check whether Sudeep Reddy’s been talking to his mates on journolist.

promachus on November 9, 2010 at 8:54 AM

Ed, you missed the punch line. Sarah unloads on Helicopter Ben, and wins praise from the WSJ editorial board, their clueless reporter notwithstanding.

james23 on November 9, 2010 at 8:54 AM

Mama grizzle knows!

csdeven on November 9, 2010 at 8:54 AM

Of course reporters don’t read their own newspapers! They get their news from those reliable sources at MSNBC and DailyKOS!

pilamaye on November 9, 2010 at 8:54 AM

Ahhh, now I can learn who the latest batch of replacement trolls are, since my lengthy absence.
This thread is sure to bring them out.

OmahaConservative on November 9, 2010 at 8:55 AM

I don’t know why the drive-bys even bother anymore. Everytime they try to embarrass Palin, they only end up making themselves look like morons. And this instance is particularly sad. Dude doesn’t read his own newspaper?! Hell, all he had to do was look at the damn headline.

Doughboy on November 9, 2010 at 8:55 AM

If we quit burning our FOOD, it will help!

Insane!

golfmann on November 9, 2010 at 8:58 AM

For the MSM, finding an opportunity to trash Sarah Palin is more important than knowing what’s in their own product.

Unfortunately, James Taranto is out until the 22nd and Best of the Web Today isn’t being published this week. He has a regular feature called “Two Newspapers in One.”

Ed Driscoll also covered this at his blog.

DaydreamBeliever on November 9, 2010 at 8:58 AM

That’s odd, because just last Thursday, November 4, I read an article in Mr. Reddy’s 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.”

game. set. match. Palin

Reddy got seriously pwned.

ted c on November 9, 2010 at 8:58 AM

I just love this woman; in a brother – sister kind of way…
Is there any doubt left that Sarah stands with the commoner, and stands up against the so called elite establishment? Rock on Sarah, I proudly stand with you and Todd. They fear Sarah for good reason!

Keemo on November 9, 2010 at 8:59 AM

I noticed that Bernacke did this right when everyone would be chattering about the mid-terms and Obama was unavailable for questions.

AnninCA on November 9, 2010 at 8:59 AM

If I ran the WSJ, Reddy would be formally warned, in writing for his incompetent work determinedly to the reputation of the Paper and warned that another case would be cause for termination.

TheBigOldDog on November 9, 2010 at 8:59 AM

The WSJ Editorial Board backs her up.

http://online.wsj.com/article/SB10001424052748703514904575602231815453378.html?mod=WSJ_hps_sections_opinion#printMode

The former Alaskan Governor showed sound political and economic instincts by inveighing forcefully against the Federal Reserve’s latest round of quantitative easing. According to the prepared text of remarks that she released to National Review online, Mrs. Palin also exhibited a more sophisticated knowledge of monetary policy than any major Republican this side of Wisconsin Representative Paul Ryan……

….Mrs. Palin is way ahead of her potential Presidential competitors on this policy point, and she shows a talent for putting a technical subject in language that average Americans can understand.

NoNails on November 9, 2010 at 8:59 AM

1-0.

MassVictim on November 9, 2010 at 8:59 AM

FYI, the WSJ author’s full name is Not Sudeep Annot Reddy.

Josiah on November 9, 2010 at 9:00 AM

Remember Dubya?
Misunderestimation…
This never gets old!

Haiku Guy on November 9, 2010 at 9:00 AM

Palin?…………you remember her?…….the one that put so much sweat equity into the Conservative “house” that we built this past 11/2?

I didn’t know they even had the internet up there?

Doesn’t it get too cold to run their laptops in the igloos or in their trailer parks?

BTW, do Hillbillies from Wasilly even know how to read?

Someone must be writing all this stuff for her?

She’s so ‘UNQUALIFIED’ for everything…..nothing like the O’Jesus we have in the White House now.

I mean he was Governor, oh wait, mmmmmm, he was a Senior Senator with a long history of results in the Senate, oh sorry….mmmmm. Now I know he was in the Cabinet of a President and served for two terms as Secretary of….., oh really not? Well he was head of the International….oh, not that really? Seriously?

He was qualifed and Palin isn’t? WOW, well at least she’ll have a nice book tour for all the rubes out here in Flyover Country!!

PappyD61 on November 9, 2010 at 9:00 AM

Fails due to failure to RTFM are the best fails of all

Sekhmet on November 9, 2010 at 9:00 AM

BTW, anybody who eats out and/or shops for groceries knows how much prices have risen and the new game of shrinking the amount of product while keeping the price the same.

This reporter is living in a cocoon somewhere and is completely out of touch with whats happening to the middle class.

TheBigOldDog on November 9, 2010 at 9:02 AM

Complete smackdown in five short paragraphs

mwbri on November 9, 2010 at 9:03 AM

Sudeep Reddy has to face the laughter of his peers today.

I guess when I read WSJ, I’ll have to start with the assumption that Reddy is an uninformed buffoon. Too bad his editor didn’t stop his article…editor’s stupidity is hidden by the fact that he or she goes un-named.

aigle on November 9, 2010 at 9:03 AM

Ugh. Palin is wrong here. Try reading both WSJ articles…she’s confusing what Reddy was saying. Probably because she’s clueless in the realm of monetary policy (as she should be with a person with a degree in broadcasting).

Does Palin worship forbid you from reading both articles or does it just turn your brains off?

TheBlueSite on November 9, 2010 at 9:04 AM

50 bucks doesn’t buy near as much food as it did just last year. Where do these reporters eat, I wonder?

Mord on November 9, 2010 at 9:04 AM

1100-0.

MassVictim on November 9, 2010 at 8:59 AM

FIFY

miConsevative on November 9, 2010 at 9:04 AM

NoNails on November 9, 2010 at 8:59 AM

Interesting. Thanks for the link.

AnninCA on November 9, 2010 at 9:05 AM

Ed, you should have also noted that, in the same WSJ but on today’s Editorial Page, Gov Palin received some high praise indeed:

Palin’s Dollar, Zoellick’s Gold

It would be hard to find two more unlikely intellectual comrades than Robert Zoellick, the World Bank technocrat, and Sarah Palin, the populist conservative politician. But in separate interventions yesterday, the pair roiled the global monetary debate in complementary and timely fashion.

The former Alaskan Governor showed sound political and economic instincts by inveighing forcefully against the Federal Reserve’s latest round of quantitative easing. According to the prepared text of remarks that she released to National Review online, Mrs. Palin also exhibited a more sophisticated knowledge of monetary policy than any major Republican this side of Wisconsin Representative Paul Ryan.

Read the rest…

ornery_independent on November 9, 2010 at 9:05 AM

TheBigOldDog on November 9, 2010 at 8:59 AM

This is what Palin worship does to you. You call for the ouster of a journalist because Palin tells you he’s wrong, when if you read both articles, it’s obvious she has no idea what he’s talking about.

This is getting to be insane.

TheBlueSite on November 9, 2010 at 9:06 AM

I am growing weary at canceling newspaper subscriptions. I love reading the paper over dinner, but refuse to support the liberal rubbish that my local papers print. Lately, the WSJ has been irritating me, as this article illustrates. If I end up canceling the WSJ, I’m not sure where to turn…anyone have a good, conservative newspaper?

search4truth on November 9, 2010 at 9:06 AM

Remember Dubya?
Misunderestimation…
This never gets old!

Haiku Guy on November 9, 2010 at 9:00 AM

Refudiation!

darwin-t on November 9, 2010 at 9:07 AM

TheBlueSite on November 9, 2010 at 9:04 AM

Omaha, here’s your first troll. You knew of this one?

promachus on November 9, 2010 at 9:07 AM

Ah, Sudeep, epic fail. Your ‘friends’ will be reminding you of this one at your retirement party.

Varney is reporting on Fox News this morning that there is massive and growing opposition to Bernanke’s plan to print a few billions more dollars, including three members of the Fed speaking out publicly.

Can Bernanke be stopped?

novaculus on November 9, 2010 at 9:08 AM

Ahhh, now I can learn who the latest batch of replacement trolls are, since my lengthy absence.
This thread is sure to bring them out.

OmahaConservative on November 9, 2010 at 8:55 AM

No, that would require an O’Donnell thread.

Lanceman on November 9, 2010 at 9:08 AM

The Wall Street Journal’s newsroom has always been far more traditional liberal than their editorial/op-ed side, often to the point of being at war with each other over either what the editorial people are saying or what the news side is/isn’t covering.

So it’s not all that big a surprise that someone from the news side would take a gratuitous swipe at Palin, since the staff on that side isn’t a heck of a lot different from the staff at your average big city paper. It’s the actual ability of the WSJ over the years to keep the newsroom ethos from taking over the editorial/op-ed side that has kept the paper from going the way profit-wise of the other major newspapers (and it will be interesting to see if the op-ed folks note their own paper’s gaffe in Reddy’s attempt to rebuke Palin).

jon1979 on November 9, 2010 at 9:09 AM

Hey everyone, BlueSpite is here! Only took him 14 minutes to show up and start trolling.

pugwriter on November 9, 2010 at 9:09 AM

TheBlueSite on November 9, 2010 at 9:04 AM

I’d surely hate to be you…

Keemo on November 9, 2010 at 9:09 AM

FYI, the WSJ author’s full name is Not Sudeep Annot Reddy.

Josiah on November 9, 2010 at 9:00 AM

i see what you did there.. ++

ted c on November 9, 2010 at 9:09 AM

novaculus on November 9, 2010 at 9:08 AM

You betcha. When Sarahcuda orders, WH listens.

promachus on November 9, 2010 at 9:10 AM

Sorry NoNails…didn’t see your post…

ornery_independent on November 9, 2010 at 9:10 AM

TheBlueSite on November 9, 2010 at 9:04 AM

Looks like I spoke too soon. One of the punks is here.

Yeah, whatever you do, don’t believe your lyin’ eyes.
What a douche.

Lanceman on November 9, 2010 at 9:11 AM

Some of these op ed pieces are a bit like inviting a liberal commenter to opine on Fox.

They are trying to spread it out, I guess.

AnninCA on November 9, 2010 at 9:11 AM

Sudeep’s up on Twitter again saying he’s right and Palin’s still wrong. Most Middle Eastern men will never admit to being wrong, especially at the expense of a woman. This is gonna go on and on.

RepubChica on November 9, 2010 at 9:11 AM

jon1979 on November 9, 2010 at 9:09 AM

Why can’t it change the newsroom then?

promachus on November 9, 2010 at 9:11 AM

No, that would require an O’Donnell thread.

Lanceman on November 9, 2010 at 9:08 AM

Nope, any Sarah thread brings em in like stink on crap. Actually, any thread about a Conservative woman is simply more than these bottom dwellers can handle.

Keemo on November 9, 2010 at 9:11 AM

Don’t forget to send a copy of the article to Katie Couric. She probably doesn’t read many newspapers and magazines.

Te amo, Sarah.

princetrumpet on November 9, 2010 at 9:12 AM

Look – QE2 was a very bad idea – if you lived through the 70′s and the Carter era then you realize …

Inflation is not a toy to play around with. Inflation is a damn monster – it’s one that Ronald Reagan managed to wrestle to the ground, and he threw it in a deep dark ice cave in the Antartic – where it would be impossible to release it and we’d never have to deal with it again.

Then along comes Bernake – and he finds the inflation monster – and he says … “Hey, the monster says he’s gonna be good – Imma let him m’kay?” … because he’s totally fooled that that lyin’ assed monster is going to behave himself.

HE WON’T.

HondaV65 on November 9, 2010 at 9:12 AM

I know many will think it’s good for ag, but it won’t be.
Diesel has risen through the roof. Also, CAFE standards are now kicking in in ’11 for agricultural machinery so that will greatly increase the costs for new equipment (prediciton of like at least 5% more for new ag equipment).
Plus phosphorous fertilizers are more $$ bcs there’s a shortage now (but then again, that happens a lot with P). I believe Urea & anhrdrous are also up too.
Believe me, input costs in ag has risen very dramatically within the last 5 yrs & show no sign of stopping.
Tires for large vehicles (& prop regular cars) is going up by 15% in the new year. & those prices have been steadily rising by 10-15% over the last several years.
I’ve already talked about the increased costs in running a commercial semi to move product-folks-it is the GOVERNMENT that is causing ALL of this through their increased regulations, taxes, & ‘fees” AKA more taxes.
Throw into the mix that sugar prices may explode here soon bcs of the Euro crop failures & things are not going to be pretty.
We are enjoying high prices in beef, but believe it or not, it still isn’t enough bcs of increased operating expenses.
Most of us ag folks have crushing debt & I won’t complain aobut the low interest now bcs that is helping us all on that debt, we’ll get screwed in another way.
This cap & trade crap & dust regulation along with the enforcing of fuel containment regulations by the EPA are all nails in the coffin of small ag producers.
We are drowning out here. And there’s no relief in sight.

Badger40 on November 9, 2010 at 9:13 AM

RepubChica on November 9, 2010 at 9:11 AM

Unfortunately, this guy is Indian, not Middle Eastern. I can’t see how Reddy claims he is right, does he back up his assertion with reference?

promachus on November 9, 2010 at 9:13 AM

Apparently, Obama is having to respond. Sarah, Germany, China, etc., are speaking out against this move. He’s on the hot seat, I guess.

AnninCA on November 9, 2010 at 9:15 AM

These freaking, arrogant liberals in charge, never. learn.

After years of liberal economic policy and massive failure, they still actually think they’ve helped the country and more poison, will finally cure the patient, denial, isn’t one of the 57 states.

I remember China getting a lot of flak for hiring Jewish money managers a few years back, now, how is it a communist country knows and understands QE monetizing is very destructive, and here, the bobble headed loons who swim and splash in the muck, don’t?

What GD idiocy.

Speakup on November 9, 2010 at 9:15 AM

promachus on November 9, 2010 at 9:07 AM

Lanceman on November 9, 2010 at 9:11 AM

I’m thinking I was gone for 8-10 months from HA, so I got a lotta’ figuring out to do.
Thanks, guys.

OmahaConservative on November 9, 2010 at 9:17 AM

Didn’t take long for you folks to attack anyone who actually read both articles as a troll and a hater of women. How shocking.

Sorry I don’t turn my common sense off when it comes to Sarah Palin. I’ll remember to do so in the future.

Palin is wrong on this issue…and she’s halfway distorting what Reddy said (or perhaps she didn’t fully understand what he was saying.)

TheBlueSite on November 9, 2010 at 9:17 AM

I like that SaraCuda also takes a sly shot at Cutie Couric in the same breath. Her Facebook post on this starts out:

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.

BOOM!

ornery_independent on November 9, 2010 at 9:17 AM

QE monetizing is very destructive, and here, the bobble headed loons who swim and splash in the muck, don’t?

Care to take a whack at explaining? I sincerely can’t follow even the money discussions on cable news. None of this makes a lot of sense to me.

AnninCA on November 9, 2010 at 9:18 AM

TheBlueSite on November 9, 2010 at 9:04 AM

I read the Reddy article. How is Palin wrong? forget all other concerns about qe2, isn’t devaluing the dollar as food prices rise a bad thing? You know, for the kids?

Aquateen Hungerforce on November 9, 2010 at 9:19 AM

TheBlueSite on November 9, 2010 at 9:17 AM

Hey BS, I’ll take the WSJ Editorial Page’s endorsement that Palin is right over your lame posts.

But hey, have a nice day anyway.

ornery_independent on November 9, 2010 at 9:20 AM

By the way, this is not something new. Remember Eleanor Clift’s infamous quip about governments can print more money. I think they have been planning this quietly for a while now, enough that even a moron like Clift could pick up the stuff in the air.

promachus on November 9, 2010 at 9:20 AM

Where could Palin have come up with the idea that prices have been rising for supermarket shoppers?

Maybe at the supermarket? I know nothing of Sudeep Reddy but I am pretty sure that a mom feeding a large family is aware of what it costs and what the changes have been recently.

Cindy Munford on November 9, 2010 at 9:20 AM

This is what Palin worship does to you. You call for the ouster of a journalist because Palin tells you he’s wrong, when if you read both articles, it’s obvious she has no idea what he’s talking about.

This is getting to be insane.

TheBlueSite on November 9, 2010 at 9:06 AM

This is what making assumptions does to you. It makes an A$$ out of U. I don’t even support the woman for President never mind worship her. I’ve been here since the start, use Google site search and find one quote by me to the contrary. What I can’t stand is media corruption and incompetence, not to mention intentionality character assassination. Carry on with your closed mind and assumptions. I’m sure it has served you well in life. That is all.

TheBigOldDog on November 9, 2010 at 9:20 AM

TheBlueSite on November 9, 2010 at 9:17 AM

OK, so you agree with the idea of stimulating inflation to help the economy. There are loads of economists speaking out today who disagree, so this isn’t about Palin, really, is it? No.

Germany is doing better at handling the depression than we are. I frankly listen alot to their take. And they have been disagreeing since Day 1 with liberal economists advising Obama.

GB doesn’t agree finally, either. They voted in a far more conservative government, which is taking the tack that Palin and other conservatives suggest is best.

And I know that even HP, Arianna Huffington, doesn’t push a darn thing that is pushed by Obama’s finance team.

Who exactly thinks this is a good idea, and why?

AnninCA on November 9, 2010 at 9:21 AM

Aquateen Hungerforce on November 9, 2010 at 9:19 AM

Oh but Palin only quoted the beginning of the ellipse and forgot about the ending or something.

promachus on November 9, 2010 at 9:21 AM

I’m thinking I was gone for 8-10 months from HA, so I got a lotta’ figuring out to do.
Thanks, guys.

OmahaConservative on November 9, 2010 at 9:17 AM

Well, Narutoboy and The Race Card have been banned.

Lanceman on November 9, 2010 at 9:21 AM

AnninCA on November 9, 2010 at 9:21 AM

Nicely stated Annin…

Keemo on November 9, 2010 at 9:24 AM

Since she is often accused of not reading (Chris Matthews, Katie Couric ) this is the ultimate smackdown!

thebrokenrattle on November 9, 2010 at 9:24 AM

Unfortunately, this guy is Indian, not Middle Eastern. I can’t see how Reddy claims he is right, does he back up his assertion with reference?

promachus on November 9, 2010 at 9:13 AM

My bad on the geographic screw-up, but those guys are even worse….. I’ve known professional Indian women (doctors, dentists) who are forced to hand their paychecks over to their husbands for safekeeping each week. And they have to ask permission for money to buy a pair of jeans.

I lost the Twitter link but Reddy referenced another Twitterer supporting his take…saying he’s ‘technically correct’ or something. It’s all over Google.

RepubChica on November 9, 2010 at 9:25 AM

Well, Narutoboy and The Race Card have been banned.

Lanceman on November 9, 2010 at 9:21 AM

dude? really, how did that happen?

ted c on November 9, 2010 at 9:25 AM

TheBlueSite on November 9, 2010 at 9:23 AM

Maybe you cared to consider possibility that CJR was wrong instead of quoting from them verbatim. By the way, is your degree on monetary policy? If not, why should we consider your rantings?

promachus on November 9, 2010 at 9:25 AM

Palin is wrong on this issue…and she’s halfway distorting what Reddy said (or perhaps she didn’t fully understand what he was saying.)

TheBlueSite on November 9, 2010 at 9:17 AM

Proof by assertion is a logical fallacy in which a proposition is repeatedly restated regardless of contradiction. Sometimes this may be repeated until challenges dry up, at which point it is asserted as fact due to its not being contradicted (argumentum ad nauseam). In other cases its repetition may be cited as evidence of its truth, in a variant of the appeal to authority or appeal to belief fallacies.

fossten on November 9, 2010 at 9:25 AM

And she does it all from facebook. LOL

Go, Sarah!

pannw on November 9, 2010 at 9:26 AM

TheBlueSite on November 9, 2010 at 9:17 AM

Do tell me where you grocery shop.

katy the mean old lady on November 9, 2010 at 9:26 AM

RepubChica on November 9, 2010 at 9:25 AM

I know they are worse because I am one of them. :) I am next going to attend Perky Katie’s rally with my shirt saying” Hand me your checque”.

promachus on November 9, 2010 at 9:27 AM

The credentialed class, not the educated class. This is the Left’s biggest weakness. They’ve dumbed down the education system, but put their own kids through that self-same education system.

rbj on November 9, 2010 at 9:27 AM

Ahhh, now I can learn who the latest batch of replacement trolls are, since my lengthy absence.
This thread is sure to bring them out.

OmahaConservative on November 9, 2010 at 8:55 AM

Hey there, OmahaCon…good to see you back! And yes, anything with the name of Sarah Palin is sure to motivate the trolls.

lukespapa on November 9, 2010 at 9:27 AM

Her comments are being attacked by the left, again betraying their ignorance and/or willingness to lie.

U.S. city average: Bread, white, pan, per lb
http://data.bls.gov/PDQ/graphics/APU0000702111_201258_1289305317476.gif

U.S. city average: Ground beef, 100% beef, per lb.
http://data.bls.gov/PDQ/graphics/APU0000703112_138813_1289306173115.gif

U.S. city average: Bananas, per lb.
http://data.bls.gov/PDQ/graphics/APU0000711211_201325_1289306352615.gif

U.S. city average: Rice, white, long grain, uncooked, per lb
http://data.bls.gov/PDQ/graphics/APU0000701312_138827_1289306438135.gif

U.S. city average: Fuel oil #2 per gallon
http://data.bls.gov/PDQ/graphics/APU000072511_201339_1289306530603.gif

Try it yourself, fun and educational.
http://data.bls.gov:8080/PDQ/outside.jsp?survey=ap

http://si.wsj.net/public/resources/images/MK-BH315B_FOODP_G_20101103184837.jpg

http://online.wsj.com/article/SB10001424052748704506404575592313664715360.html?KEYWORDS=safeway

Viator on November 9, 2010 at 9:28 AM

Apparently, Obama is having to respond. Sarah, Germany, China, etc., are speaking out against this move. He’s on the hot seat, I guess.

AnninCA on November 9, 2010 at 9:15 AM

“I really have no response. Because last I checked, Sarah Palin’s not much of an expert on nuclearinflation issues”

the_nile on November 9, 2010 at 9:29 AM

http://www.cjr.org/the_audit/sarah_palin_as_media_critica_b.php

TheBlueSite on November 9, 2010 at 9:23 AM

Wow! You managed to find a like-minded publication to agree with you. Stop the presses!

Lanceman on November 9, 2010 at 9:29 AM

Throw into the mix that sugar prices may explode here soon bcs of the Euro crop failures

Brazil’s sugar crop as well has been abysmal, adding greatly to the problem.

WHOOSH, through the roof. Get ready for the hoarders.

tree hugging sister on November 9, 2010 at 9:29 AM

Dude got pwned by a girl!

Hellrider on November 9, 2010 at 9:30 AM

My grocery bill would go up, but I’ve learned to watch the sales like a hawk and avoid a lot of the luxury items of the past, such as organic vegetables that really don’t carry much value-added. There’s no question that groceries have gone up on some items.

I’m still eating quite healthily, but it’s very different. And there’s no waste these days. That’s made a big difference.

Honestly, some of the habits of the past are good to let go of.

AnninCA on November 9, 2010 at 9:30 AM

Where could Palin have come up with the idea that prices have been rising for supermarket shoppers?

One other place is the actual supermarket. Unlike most politicans Palin’s family still goes to the stores. which is just another reason why Plain “gets it” and is not out of touch.

As far as inflation I can buy about half what I could 5 years ago for $100. My gas is about 3 times as high over the last 10 years. My cable bill is 20-30% higher, tobacco is almost double just over the last 2 years. My electricity bill has about doubled over the last 5 years. so my very basics needs have gone through the roof, my pay while it has also gone up has not in anyway kept pace.

And let’s not even start about the increases in healthcar this year thanks to Obamacare

Anyone that does not understand how inflation is killing the economy but killing demand is part of the problem and hopelessly out of touch with the real economy. They can live in thier ivory tower and think the numbers are correct but they are missing the forest for the trees.

unseen on November 9, 2010 at 9:30 AM

But…but…but… I thought Sarah Palin couldn’t read?

IronDioPriest on November 9, 2010 at 9:30 AM

Brazil’s sugar crop as well has been abysmal, adding greatly to the problem.

WHOOSH, through the roof. Get ready for the hoarders.

tree hugging sister on November 9, 2010 at 9:29 AM

True. LOL* I immediately thought of buying an extra bag fast.

AnninCA on November 9, 2010 at 9:30 AM

dude? really, how did that happen?

ted c on November 9, 2010 at 9:25 AM

Well, Ed or was it AP, got tired of being called racist by narutoputz, and TRC just maxed his card out.

Lanceman on November 9, 2010 at 9:31 AM

AnninCA

We’ve seen it before…

tree hugging sister on November 9, 2010 at 9:31 AM

lukespapa on November 9, 2010 at 9:27 AM

Here is where I explained my lengthy absence.

OmahaConservative on November 9, 2010 at 9:31 AM

Lanceman on November 9, 2010 at 9:29 AM

It’s the other way round. He actually copied and pasted the stuff CJR published, he doesn’t understand terms like inflation and quantitative easing, stupid troll.

promachus on November 9, 2010 at 9:32 AM

Dude got pwned by a girl!

Hellrider on November 9, 2010 at 9:30 AM

lol think we will hear a lot of that soon

unseen on November 9, 2010 at 9:32 AM

unseen on November 9, 2010 at 9:30 AM

I agree. I’m afraid we saved the market, which helps people’s 401K plans, retirement, etc.; but the trade-off is that we’ve not seen the usual falling prices when depressions hit.

Most of us are caught in the middle.

AnninCA on November 9, 2010 at 9:32 AM

promachus on November 9, 2010 at 9:27 AM

Hey, we’re all victims of stereotypes…including myself. Doesn’t bother me. Suppose I had the ‘misfortune’ of once living in an Indian enclave in the Jersey suburbs and seeing this phenomenon for myself. They were my neighbors and friends, these women. Hope you didn’t take offense.

RepubChica on November 9, 2010 at 9:33 AM

TheBlueSite, your either a fool or damn fool, doesn’t really matter. I’m in the farming industry and you ain’t seen nothin yet.

wheelgun on November 9, 2010 at 9:34 AM

Palin: Do newspaper reporters read their own newspapers?

Scoooooooooooooooooooore!!!!!

Libs will never learn: You can’t enter a battle of wits unarmed!!!

IMHO: QE2 may have worked…for awhile…50 years ago. But today, with the Internet, how can you fool someone into giving you an “old dollar” worth of goods for a “new dollar”…even for a day…when everyone in the world knows that you’ve just effectively devalued the “new dollar”????

Only Libs and Lib economists think that people are like stupid sheep who will stand still waiting to be shorn…even after you show them the shears!!! In fact, QE2, as a tactic, is Dead BEFORE Arrival!!!

landlines on November 9, 2010 at 9:37 AM

The guy is a MSM reporter.He is exempt from price increases,higher taxes and things like paying much higher health insurance,Right?

docflash on November 9, 2010 at 9:37 AM

guess when I read WSJLSM, I’ll have to start with the assumption that ReddyEvery reporter is an uninformed buffoon. Too bad histheir editors didn’t stop his article…editor’s stupidity is hidden by the fact that he or she goes un-named.

aigle on November 9, 2010 at 9:03 AM

FIFY…..In all seriousness pretty much every newsstory is now a PR article. Almost all are wrong on some fact or figure. There is no longer factcheckers at the MSM.

unseen on November 9, 2010 at 9:37 AM

The WSJ reports that increased demand from China has created more competition for agricultural products, which means price increases.

OK. How about we start discussing elimination of some farm subsidies?

visions on November 9, 2010 at 9:38 AM

From the comments here, I can tell WITHOUT a degree in economics that Palin isn’t make sense. She distorts what Reddy said…no need for a degree in economics to point that out. Why is everyone here doing as Palin did, clammering that grocery prices have, indeed, risen? Well, gosh, that’s precisely what Reddy himself says. But by how much? How much compared to inflation? And is monetary policy the cause?

Palin points to an older article, as if that proves her case, but the older article doesn’t change the stats in the rise of grocery prices or its comparison to overall inflation.

The point is- it’s patently ABSURD to think Palin, who has a BA in broadcast journalism from Univ of Idaho can take on Ben Bernanke in the realm of monetary policy. She has neither the knowledge or experience in the field…I mean, seriously, what do you think she read a book or two on the subject, and now she’s an expert? I’ll take Bernanke over Palin on these matters any day- mainly because there’s no rational reason to think she would (or should) have anything but the most rudimentary knowledge on the subject.

This hating on experts and the Ivy Leaguers is tired and dumb. You know who goes to Ivy League schools? Smart people.

TheBlueSite on November 9, 2010 at 9:38 AM

I know that deflation is also a concern, but for the life of me, I can’t figure out just why. My family has stock. Yes, the overall portfolio has held, but as everyone points out, nobody is paying out dividends. When you’re living off these investments in large part, the name of the game is the dividends. They aren’t seeing much payout. So on paper, fine; but reality is that they are having to eat into the principle.

Their housing price? Fallen to way below initial prices to build, which was over a decade ago. To sell now, they have to write a huge check to the Bank.

Meanwhile, we’re seeing no real prices fall, which would make sense in a depression.

It’s hard to understand how the financial policies of the Feds are actually helping real people anywhere. I think that’s why even progressives such as Huffington actually meet Conservatives. It IS the common ground, in fact.

AnninCA on November 9, 2010 at 9:39 AM

TheBlueSite

You had me right up to that last bit.

That’s dumb.

tree hugging sister on November 9, 2010 at 9:39 AM

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