Repiglican Roast
A spirited discussion of public policy and current issues
About Me
- Name: TheFuriousGourmet
- Location: The mouth of being
I'm furious about my squandered nation.
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Friday, August 03, 2007
Monday, June 04, 2007
The Right Wing's Economy. Food Prices Going up Faster than Gasoline
[...]
Because food is a category that consumers can't cut from their budget, it's the cups of coffee, the entertainment dollars, and the clothes-and-jewelry budget that are scaled back first. In April, retail sales fell 0.2 percent, the first decline in seven months, according to the Commerce Department. Yet consumer confidence rebounded in May, mainly because of to consumers' cautiously optimistic view of business conditions. Still, a stew of high gas prices, food costs , a slumping housing market and adjusting mortgages could be a recipe for trouble for strapped Americans with little wiggle room in their budgets.
Because food is a category that consumers can't cut from their budget, it's the cups of coffee, the entertainment dollars, and the clothes-and-jewelry budget that are scaled back first. In April, retail sales fell 0.2 percent, the first decline in seven months, according to the Commerce Department. Yet consumer confidence rebounded in May, mainly because of to consumers' cautiously optimistic view of business conditions. Still, a stew of high gas prices, food costs , a slumping housing market and adjusting mortgages could be a recipe for trouble for strapped Americans with little wiggle room in their budgets.
Labels: Bush Crime Family, Bushco, BushInc, Food costs, Republican Fiscal Management, Soaring Prices, War in Middle Class

