Obamaflation Watch - The American Spectator | USA News and Politics
Obamaflation Watch
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This morning the government reported that wholesale inflation has taken its biggest jump in 6 months. When I have raised the prospect of inflation on this blog, I have mainly thought of it over a much longer term, considering that President Obama is pursuing an expansionary fiscal policy at a time when the Fed has already slashed interest rates to near zero. In remarks at the National Press Club yesterday, Ben Bernanke said, “At this point, with global economic activity weak and commodity prices at low levels, we see little risk of unacceptably high inflation in the near term; indeed, we expect inflation to be quite low for some time.” Sure, this morning’s numbers are just one data point, but certainly they should make us pause and consider whether we can continue to open up the spigots at a time of already extraordinary deficits without destabilizing the currency.

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Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation