Tuesday, January 24, 2012

Obama's "American Values": Costly!!

The cost of Obamism (or "American values" as he calls it):

So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics.

During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent.

That's offset by the cost of Michelle's vacations, of course.


Tim Morrissey said...

This is invisible, though, because as you know the inflation gurus don't include groceries or fuel in their indices.

Jim said...
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Jim said...

Note that when Obama took office, the economy was at its absolute lowest and gas prices had fallen from a high of $4.12 in summer of 2008 to $1.61 at year end.

So if you take today's price as an increase over the economic nadir, yeah, you get 83%.

But today's price is 20% lower than the highest price during the summer of 2008 (Bush administration). In fact until last spring, gas prices under Obama averaged lower than during 2006 through 2008.


In the first three years of the Bush administration, ground beef prices rose 33% and over eight years rose 42%. Against Obama's 24%.


So your point is....?

J. Strupp said...

Don't even try it Jim. I've spun that wheel so many times already buddy and have gotten no where.

But yes, you're c100% correct about that.

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