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Poll Watch: 85 Per Cent Worry About Inflation, 34 Per Cent Expect Interest Rates to Rise
Most Americans know inflation is right around the corner with the massive government spending plans of President Obama and the congressional Democrats.
Eighty-five percent (85%) of Americans say they are concerned about the possibility of inflation in the current economy, with 55% Very Concerned, according to a new Rasmussen Reports national telephone survey.
Just 11% say they are not very or not at all concerned about the prospect of rising prices. These numbers are identical to findings last August, despite the high level of government spending President Obama has announced in recent months.
Credit remains tight in the country, and the government plans to print more money. Both are generally considered key factors that lead to inflation. Federal Reserve Chairman Ben Bernanke said in a speech today, however, that he is confident the Fed can prevent inflation from happening.
Eighty-four percent (84%) of Americans say they are paying more for groceries now than they were a year ago, and 66% expect to pay even more 12 months from now.
The Federal Reserve has given no indication that it intends to raise interest rates to combat the possibility of inflation, but 34% of Americans think they will be paying higher interest rates a year from now. Twelve percent (12%) say interest rates will be lower, and 45% say there will be no change.
Forty-three percent (43%) also say there has been no change from a year ago in the interest rates they now pay. Twenty-nine percent (29%) say they pay more now, while 25% say they are paying less.
It is not a matter of IF but WHEN inflation hits. And, if the American economy is hit with a doubble wammy of low economic growth and inflation, then we have Jimmy Carter type stagflation.
Remember what happened the last time, too?
Republican candidate Ronald Reagan replaced one term President Carter.
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T-Shirt of the Day: Obama Equals Carter – Welcome Back Carter
Yes, there is a REAL t-shirt. (Via Kathryn Jean Lopez at National Review)Flap wonders if Gabe Kaplan has a cut?
Technorati Tags: Jimmy Carter, Barack Obama
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Obama Ready To Budget – Here Come the Tax Increases
It was just a matter of time.
President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.
In addition to tackling a deficit swollen by the $787 billion stimulus package and other efforts to ease the nation’s economic crisis, the budget blueprint will press aggressively for progress on the domestic agenda Obama outlined during the presidential campaign. This would include key changes to environmental policies and a major expansion of health coverage that Obama hopes to enact later this year.
Sounds like an economic prescription of the Jimmy Carter years – overregulation, taxation and more domestic, wasteful spending.
America knows the result of these policies – inflation and slow/negligible economic growth.
Wasn’t it called STAGFLATION?
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Here We Go Again – Inflation Rears Its Ugly Head
Remember the late 1970’s, Jimmy Carter, Democrats in control of the Congress, Hyperinflation and Economic Malaise?Here we go again – It is just starting folks.
Inflation at the wholesale level surged unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.
The Labor Department said Thursday that wholesale prices increased by 0.8 percent last month, the biggest gain since last July and well above the 0.2 percent increase that economists had expected.
The acceleration was led by a 3.7 percent surge in energy prices with gasoline prices jumping by 15 percent, the biggest gain in 14 months.
Even outside the volatile food and energy sectors, wholesale prices showed a bigger-than-expected increase, rising by 0.4 percent. Economists had expected a slight 0.1 percent rise in so-called core inflation.
We Will need another Ronald Reagan to rein in government spending to right the Obama/Democrat economy.
Technorati Tags: Barack Obama, Jimmy Carter, Inflation
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Jimmy Carter Watch: Israel Has 150 Nuclear Weapons
Michael Ramirez on Jimmy Carter
News Item: Jimmy Carter says Israel had 150 nuclear weapons
The ASS keeps on running his mouth.
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George W Bush Watch: Slamming Obama for Appeasement Part Two
Michael Ramirez on the Democrat Party and Jimmy Carter
The Democrats go after President Bush to protect Obama and his willingness to negotiate WITHOUT PRECONDITIONS with Iran and other terrorist states but who the President was REALLY addressing was former President Jimmy Carter.
“We did not anticipate that it would be taken that way, because its kind of hard to take it that way when you look at the actual words. … There was some anticipation that someone might say you know its an expression of rebuke to former President Carter for having met with Hamas. that was something that was anticipated but no one wrote about it or raised it.”
 So, Obama and his VP, Senator Joe Biden and the remaining Democrat cabal, plus the MSM have reacted wildly?
Barack Obama is upset at this statement by President Bush. Why? What does he disagree with? Shouldn’t he just have seconded the president’s admonition against falling for such a foolish delusion. Or does he know that his promise to talk with Mahmoud Ahmadinejad puts him in the camp of the foolish delusionists?
What else is new from a NAIVE rookie and his minions?
Obama is still at it today and McCain will respond soon.
Stay tuned……
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Joe Lieberman Watch: The President Got it Exactly Right
George W Bush Watch: Slamming Obama for Appeasement
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Joe Lieberman Watch: The President Got it Exactly Right
Senator Joe Lieberman (I-Conn) speaks his mind regarding direct talks with Iran with E.D. Hill on Fox News
And, John McCain agrees.
Senator John McCain, who has been critical of President Bush on the environment and other policies this week, on Thursday morning wholeheartedly endorsed Mr. Bush’s veiled rebuke in the Israeli Knesset of Senator Barack Obama that talking to “terrorists and radicals’’ was no different than appeasing Hitler and the Nazis.
“Yes, there have been appeasers in the past, and the president is exactly right, and one of them is Neville Chamberlain,’’ Mr. McCain told reporters on his campaign bus after a speech in Columbus, Ohio. “I believe that it’s not an accident that our hostages came home from Iran when President Reagan was president of the United States. He didn’t sit down in a negotiation with the religious extremists in Iran, he made it very clear that those hostages were coming home.’’
Asked if he thought that former President Jimmy Carter, who struggled with the hostage crisis, was an appeaser, Mr. McCain replied: “I don’t know if he was an appeaser or not, but he terribly mishandled the Iranian hostage crisis.’’
Jimmy Carter botched the Iranian hostage crisis and disgraced the United States. He continues to be a disgrace.
Barack Obama is NO different than Carter in this matter. The Obama policy of unconditional talks with Iran’s Ahmadinejad: “Speak softly and let your enemies beat you with your own stick.”
Asked if he thought Mr. Obama was an appeaser — the Democratic candidate has said he would be willing to meet with Mahmoud Ahmadinejad, the president of Iran — Mr. McCain sidestepped and said, “I think that Barack Obama needs to explain why he wants to sit down and talk with a man who is the head of a government that is a state sponsor of terrorism, that is responsible for the killing of brave young Americans, that wants to wipe Israel off the map, who denies the Holocaust. That’s what I think Senator Obama ought to explain to the American people.’’
The Team Obama response is here. And, the Democrat Party cover Obama’s ass response is here.
The Fall Presidential debates WILL be interesting.
Now, will Hillary weigh into this flap?
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The Moron Keeps on Talking
Michael Ramirez on Jimmy Carter negotiating with Hamas
News Item: Carter: Hamas is willing to accept Israel as its neighbor
Hamas, a militant Islamic group that both the U.S. and Israel consider a terrorist organization, calls in its charter for Israel’s destruction. It has also traditionally opposed peace negotiations with the Jewish state.
Sami Abu Zuhri, a Hamas spokesman, later said Carter’s comments “do not mean that Hamas is going to accept the result of the referendum.”
Carter’s comments came after his much criticized meetings with the top Hamas leaders in Syria in last week.
Former President Jimmy Carter has NO standing or credibility in these “talks” with the terrorist organization Hamas.
Shouldn’t Hillary and Obama repudiate him as Israel has?
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Glenn McCoy on Jimmy Carter
Now, former President Jimmy Carter is showing remorse for calling the Bush Administration “the worst in history.”
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Technorati Tags: Jimmy Carter, George W Bush, Glenn McCoy
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Jimmy Carter Watch: Bush Administration is “The Worst in History†Part 2
Now, former President Jimmy Carter is showing remorse for calling the Bush Administration “the worst in history.”
“My remarks were maybe careless or misinterpreted but I wasn’t comparing the overall administration and certainly not talking about anyone personally,” Carter said in an interview Monday when asked to explain.
The comments “were interpreted as comparing this whole administration to all other administrations when what I was actually doing was responding to a question about foreign policy between [President Richard] Nixon and this administration, and I think that this administration’s foreign policy compared to Nixon’s was much worse. … I wasn’t comparing this administration with other administrations throughout history but just with President Nixon’s,” he told NBC’s “The Today Show.”
Carter, whose administration was plagued by sky-high inflation and a 444-day American hostage crisis in Iran, was filling in a quote Saturday in which he said, “I think as far as the adverse impact on the nation around the world, this administration has been the worst in history.”
Guess Jimmy still wants to be invited to events at the White House.
This peanut farmer is as big a MORON as he was when he was fighting that rabbitt when he was President.
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Michael Ramirez on Jimmy Carter’s New Book
Cox & Forkum: Peace, Love & Genocide
Technorati Tags: Jimmy Carter