Inflation and a devalued currency is the tax that Obama and his leftist crew are imposing on every American to pay for their statist utopian vision financed by a 24/7 money printing operation. But the problem, according to WAPO, is those damn third world folks trying to raise their standards of living:
Although unique factors have contributed to the latest price shocks, such as turmoil in the oil-rich Middle East and a weak Russian grain harvest this year, there’s a common, more fundamental cause. As people in poor nations become wealthier, they develop middle-class tastes. They wish to eat more beef instead of just rice, for example, and drive cars rather than bicycles. Those rising living standards in developing nations have left suppliers struggling to grow enough feed grain, mine enough iron and pump enough oil to keep prices near the lower levels of recent decades.
Yes, blame it on the billions of people living without running clean water or electricity for wanting some protein in their diet and a better way to get around than pedal power. Cruel condescension mixed with a touch of racism and an "I got mine, screw you" attitude is a hallmark of the self important left.
The Post also doesn't see any link to our recently increased burning of food for fuel through the Ethanol scam as another cause of rising commodities prices, nor does it consider this administration's hostility to domestic energy production as having anything to do with rising prices. No, shutting down deep water drilling in the Gulf of Mexico, pulling previously approved permits and other dictatorial edicts from an out of control Energy Department and EPA has nothing to do with skyrocketing energy costs, according to the Post.
The Democrat's base in the dependency class along with government workers and union members will see their income keep pace through automatic cost of living increases, but most of the people who pay the bills will really feel the pain.
I wonder how this moron is doing.
No comments:
Post a Comment