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Just read that gas is now up 100% since "zero" took office.  But to his credit and even though a lot of people paid more attention to his rock star stature than they did to who he actually is ... he did tell us this would happen under his plan.

And since Timmy and the Fed have been dumping trillions into the money supply to devalue the dollar, I swear, it seems like my grocery prices are up about 100% as well.

So, are you feeling all the hopenchange yourself?  And, if so, how?

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oh hell yes!

there is 200 miles between my home and my husbands.... we're trying to travel a bit less because of the prices. no more road trips for me.  :-(

and the higher grocery price is NOT your imagination! thank goodness we have freezers and we hunt and fish! wishing I still had my greenhouse!

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Originally Posted by Jann Morrison Kostka:
oh hell yes!

there is 200 miles between my home and my husbands.... we're trying to travel a bit less because of the prices. no more road trips for me.  :-(

and the higher grocery price is NOT your imagination! thank goodness we have freezers and we hunt and fish! wishing I still had my greenhouse!

I've very seriously considered building a greenhouse and growing as much of my own foods as possible. Thankfully I love garden foods. Unthankfully the produce section is grossly expensive. And the deli section just about makes my heart stop!

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Gas prices have mainly risen due to a series of refinery accidents especially to major refineries in Washington and the Virgin Islands; a labor strike that caused disruptions and closings of oil refineries in France; operating problems at refineries in Venezuela, Mexico and South America; and an increase in world-wide demand for oil because of the improving economy. And of course, there is the unrest in the Middle East.

Food prices have risen mainly due to major crop failures in the last couple of years...especially in Mexico (freeze), the southern US states (acid rain), across Europe and Asia (heat wave and drought) and Australia (massive flooding).  Add to that demand for meat world wide that also uses extra crops as feed that has been increasing...in the same areas that are increasing there demand for oil.

Which of these problems did President Obama cause?

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Originally Posted by Keith Larson:

Which of these problems did President Obama cause?

Market prices do not just reflect current supply and demand, they also reflect opinions and beliefs about the future.

So the general opinion/belief that's been steadily increasing is that BO is the most anti-business Pres in the last 50-80 years.  This spooks the market and freezes capital because they don't know what kind of stunt he's going to try to pull off next to control the evil capitalists.

Then, he put a drilling moratorium in place that has kept the market spooked and has largely dragged his feet to a Federal judge's orders saying permits need to be issued.

The price of oil is not a recent phenomenon ... but it was low when he took office and has been trending up ever since.  Plus, for the luvva God, are people ignoring his own words about what he wanted to do?

And when he puts a tax cheat in cahoots with the Fed and they increase the money supply by somewhere in the neighborhood of 100% at a time when demand's tanking, it not only devalues the paper dollars we have (a hidden tax on everybody), it increases the price of oil and food and everything else.