The Foodstamp Party Stimulating Poverty Rate

Discussion in 'Economy' started by bitterlyclingin, Aug 17, 2011.

  1. bitterlyclingin
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    bitterlyclingin Silver Member

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    The loss of jobs is only half of the result of the government interventionist equation. The other casualty of an economy driven by taxation, regulation, litigation, subsidization, monetary intervention, and debt is the crippling cost of living for all Americans. [Yes, I was about to say middle class, but we would be wise to eradicate that sort of socialist innuendo from our vernacular.]

    Earlier today, the latest wholesale inflationary numbers were released. The core PPI rose 0.4% in July, while year over year PPI is now close to a three year high at 7.2%. Additionally, food prices rose another 0.6% in July. These numbers are quite disconcerting, given the sharp slowdown in economic activity. The higher wholesale costs are inevitably passed down to consumers, forcing them to pay more for basic products, such as energy, food, and transportation.

    While there are many cyclical factors that affect the price of food and fuel, and by extension, everything else; nonetheless, clearly central planning from the government has kept prices artificially high.




    The Food Stamp Party is Stimulating Poverty | RedState
     

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