Define Gradual Adjustment
By: Terresa Monroe-Hamilton
Shell shocked doesn’t quite convey what we felt last week when we filled up with gas here and the price per gallon jumped 35 cents in two days. We spoke to others filling their tanks and they were all dazed and angry as well. Our only difference is we saw this coming even before Obama was elected.
Then came the fun-filled trip to the store (we go to a variety of them here and all had similar results), where we witnessed a 20% jump in overall grocery prices in one week. We looked at each other and said, “How are we going to survive this?” Yep, we’ve put away some food, but with hubby losing his job recently and still looking, we have not had funds to prepare the way we know we need too. We are just getting by barely as the majority of Americans are. And like most of America, we are very, very worried.
Take a good look at what you are buying. For instance, my entire life we have bought 5 pound packages of sugar. Now, the bag is reduced to 4 pounds for the same price. Look at the astronomical increase in the price of coffee as well. Just staggering. And if you are weak of heart, don’t go near the meat counter. To get a package of rib eye this week, the price was a whopping $41.25. Cass Sunstein is that you?
Obama in 2008 – those were the days huh? They don’t come back evidently.
In 2008, Obama swore he would get us off that evil foreign oil. Looks like he’s doing just that – he’s just not replacing it with anything we can use. But he is giving millions to his crony capitalist buddies in the green industries. Green is the new red, don’t cha know… As for me and mine, drill, baby drill! And now!!
From Buzz Feed – Obama’s 2008 Gas Ads:
Good frickin’ times. How’s that Hope and Change crap working out for everyone? Gas is now $6 a gallon in Tampa, Florida and that’s not just Premium – it’s $5.89 a gallon for Regular. It’s $5 a gallon in Los Angeles. Giddy up baby, cause we haven’t even gotten started yet. With war coming in the Middle East that will no doubt engulf the globe, prices will rise even more. Obama will not allow drilling on American soil and that will raise prices more again. In fact, what he is doing is guaranteed to cause a collapse down the road and that is just what he wants. They blame it all on speculation – I blame it on Marxism and wealth redistribution.
Want more? Our water prices are about to triple due to a crumbling water distribution system. That’s an additional $900 a year in water bills on top of gas prices and the massive food inflation that the government claims doesn’t exist.
But wait, there’s more! Credit card debt in the US is now at toxic levels. With unemployment in reality being closer to 22% in the US (don’t believe the fluffy numbers the government pushes), people are turning to whatever they can to survive the 2012 American Depression. They’ve got nothing more to lose and to feed their families they will use and are using every bit of credit left to them. This debt in most cases will never be repaid.
(New York Post) – More American households are falling back into the debt hole, this time without the safety net of home values to help bail them out, the New York Post reported Sunday.
Last year, total US consumer debt reached its highest point in a decade, according to a credit card industry observer.
The trend — month to month, quarter to quarter and year to year — is rising steeply.
“Consumer credit increased at an annual rate of 7.5 percent in the fourth quarter. Revolving credit increased at an annual rate of 4.5 percent, and non-revolving credit increased 9 percent in December,” the Fed wrote in a note along with the latest monthly report, which also reviewed 2011.
These numbers, Dvorkin warns, mean that many middle-class Americans are taking big risks.
In a weak economy with high unemployment, Dvorkin noted, many people with big card balances become vulnerable to financial catastrophe.
Ya think? We join the world in being broke and out of miracles – it’s all in the family now.
So, I’d like to ask President Obama… Define gradual adjustment. You planned all of this to bring us to our knees and destroy the America we all know and love. Well done and you are almost at Mission Accomplished. All you need is one more emergency and WWIII will do nicely. It looks like Obama’s ‘gradual adjustment’ more closely resembles a hockey stick graph.