Got a 1/2 tank of gas for the truck this morning. $52.45 for 87 octane.

The lib economic dweebs maintain that, other than gas, inflation is almost non-existent. Matter of fact, they maintain that companies will NOT pass on higher energy costs to consumers in order to remain competitive.

Yeah, they won't raise prices, they'll drop employees. And when they can no longer drop employees - they'll repackage their products into smaller units at the same price.

Gas hits $5/gallon this summer, Barry's butt is going to be held to the fire. He thinks he's tired of the old "drill, baby, drill"; he hasn't seen anything yet.

A good campaign sign for Barry in 2012 will show a drill bit shoved up his ass.

Oh, and before the usual trolls repeat the DNC talking point about 'evil oil companies', just thank Geithner and Bernanke for printing all those thousands and thousands of additional Zimbabwe dollars.

The dollar is getting worthless and the Saudi's aren't stupid. Then throw in a 'foreign contingency plan' to protect Brit and French access to oil.

Just more of that Obama "Smart Diplomacy".

"The real question is, what are we going to do about it?"

No, the real question, what form will the Depression take, and what will the post-Depression American society look like?

Because the Depression's a'coming, not if, but when. There is no way, absolutely none, that we can sustain our path, and there is no way the politicians are going to cut anything, neither the big entitlements nor the small PBS funding.

"The real question is, what are we going to do about it?"

No, the real question, what form will the Depression take, and what will the post-Depression American society look like?

Because the Depression's a'coming, not if, but when. There is no way, absolutely none, that we can sustain our path, and there is no way the politicians are going to cut anything, neither the big entitlements nor the small PBS funding.

Sorry for the double post. Not sure how that happened.

Reagan administration changed the products used to measure inlfation. If I remember right, the democtrats had pushed through cost of living increases in many programs and services. The thought was that you needed a different mix that would not be as volitile as those used before. this would have meant the country had a problem with inflaction and suddenly huge checks were going out making the problem worse. Ever since then, we have not seen trends as before. However, it also makes things hard for those living on social security and seeing these prices and also on the poor. Of course we only have poor and homeless when republicans hold the white house.

aaaawwwwwhhhhhhh

You dont want to take the money from the rich. Shame on you, shame shame shame.

it doesnt matter that they dont have enough money to cover the spending. What matters is repeating the democrats mantra

Tax the rich
Tax the rich
Tax the rich

Because even though we know that wont work we have to sound like it does because we want to look like we are doing something about the problem.

This reminds me of what happened pre WW2 Germany. To take people's minds off of their troubles Hitler came up with the Jews as scapegoats. it was all the Jews' fault. Even if it didnt make any sense whatsoever. No matter what was wrong it was all the jews' fault.

Meet the rich. The scapegoat of the Democratic party.

What are we going to do about it? Well for starters-while we wait for the next election and/or our elected officials to do something(ha)...learn some skills of long ago. Prepare for lean times build up some food storage and PAY off any debt you have.

I am sad that it appears that no other path except a very hard one awaits our nation.

How does Barry choose to go? Scape the rich ( which includes him and his handlers), Blame Boooosh!! or race bait?

So many choices, so little time.

This was Obama's last chance to act like a President and lead. He got a free do-over on his budget (submitted only 60 days ago!) and had the opportunity to forge some sort of grand compromise plan to reform the budget, based on the recommendations of his Deficit Commission and the Ryan Plan for starters.

Instead, he punted and voted "Present!" as he always has. He can't make a decision because he's never acquired any leadership skills. He's great at reading a prepared text off of a teleprompter, but that's it.

To compound his failure, he not only offered NOTHING useful, NOTHING specific, he could not resist demonizing Republicans and declaring war on any entitlement reform.

I bet Jimmy Carter never thought he'd live to see his rep as Worst President Since Buchanan improve to the new champ, Obama, the Worst President Ever.

Buchanan didn't do anything to stop the breakup of the union, but there was little he could have done. Perhaps a more skillful and involved President might have put the crisis off another few years, but even that is doubtful.

Obama had the chance. All he had to do is reach out, just a little, to start a serious dialogue. But Obama doesn't do serious dialogue. He only knows serious demagogue.

Michael, you are the most intelligent and subtle poster on Wizbang. I realize that comparing you to a group of howling macaques is not saying much, but take it as a sincere compliment.

Questions: why not examine the power and impunity of Wall Street?

Why haven't the massive frauds in mortgage securitization been prosecuted by Obama's DOJ?

Why is it that Bernanke's printing of money to loan a no interest to the banks to prop up the equities market, produce bubbles in the commodities markets, inflate prices and debase the currency isn't questioned?

Why aren't the tax and treaty policies of the New World Order/globalization which have shipped jobs overseas to sweatshops questioned?

Why isn't the USA's role as muscle for the New World Order/globalization in the Middle East questioned, with Americans dying to make Iraq and Afghanistan safe for foreign investment and resource extraction?

Socialism? More like looting by the financial oligarchy, with a few scraps to the rest of us.

Why haven't the massive frauds in mortgage securitization been prosecuted by Obama's DOJ?

Because it leads back to the democrats.

"Why isn't the USA's role as muscle for the New World Order/globalization in the Middle East questioned, with Americans dying to make Iraq and Afghanistan safe for foreign investment and resource extraction?"

Awful "selective" there Chico. What about your Obamassiah's "volunteering" US forces to attack Libya. Or is this some kind of Democratic/Progressive 'nuance'?

Wasn't it the left that kept saying we should focus on Afghanistan?

Jennifer ...

actually if its inflation you are worried about (assuming you can keep your job if it spikes) then paying off mortgage or car debts is the worst thing you can do (assuming your payments are not idexed to inflation as most debts aren't) ...

thats the pain of inflation ... assets rise, dollars don't ...

What about your Obamassiah's "volunteering" US forces to attack Libya.

Right, Libya, too. Thanks for reminding us. So three wars, all in resource-rich countries, for the New World Order.