EXCERPT: "Economists predict that this is only the beginning. Fueled by the higher costs of wheat, sugar, corn, soybeans and energy, shoppers could see as much as a 4 percent increase at the supermarket checkout next year. Gas and diesel prices also are playing a role. Wheat costs went through the roof this year when 20 percent of Russia's crop was destroyed by drought and wildfires, causing the country, the third-largest producer in the world, to ban exports of the grain. The price of sugar, also used for ethanol in parts of the world, is priced at a two-decade high."
This article comes out of a leftist rag out of the far left town of San Fransicko so the story can’t be right-wing biased. But in reading the comments, one can only surmise that liberals are dumb as dirt. The excerpt above nails the four main subjects as to WHY food prices are on the rise.
Take the first one for example. Gasoline drives our economy. It fuels some farm equipment and it fuels some of the transportation that carries food to market. However, the Left and their enviro-nazis allies refuse to "allow" us to drill for the oil that is refined into gasoline. Furthermore, they refuse to "permit" America to build any new refineries so as the supply of gas tightens, the price for it rises. Once again, basic economics is too much for the liberal mind to grasp. Second, diesel, is now more expensive than gas even though it comes off of the cracking line before gas. For you liberals, that means it needs less refining than gas and should therefore be cheaper but no, since our few remaining refineries are running at about 110% capacity, because, again, we have not built any new ones since the mid 70’s (thanks libs), and they’re busy refining those boutique blends than the EPA foisted on us. Thus diesel is more expensive, so it costs more to run the tractor, the harvesters, the reapers, processing plants, etc, which passes the cost onto the consumer. Duh. Basic economics again libs. Oh, and thanks Obama, for refusing to "allow" domestic oil drilling onshore ANWR) and offshore.
Grain. Owl Gore and his legion of scumbag grifters lied about ethanol (now ain’t THAT a surprise) and Bush 43 went along with it, and began turning corn into ethanol, which works to LESSEN gas mileage, not raise it. Not real smart thinking. Using food to make a product that actually lessens miles per gallon? Makes more sense to build more refineries, using new cleaner technology, and drill new wells to pump domestic oil, adding jobs and revenue into the economy but what does the Gunny know, he did not go to Haaaaaaaavahd. Corn is in almost EVERY product in our supermarkets and less corn means higher prices. Gee, isn’t that basic economics yet again raising its ugly head. One would think that liberals would learn but it is quite apparent that stupidity is an ingrained trait of that breed. Add sugar to the list since it is a part of the ethanol scam. And sugar is in everything as well, from raw to refined. So when we’re down to eating beans and rice, or people are starving (that will make John “Kill em All” Holdren happy), thank your local lib and enviro-nazi, right before you toss em on the barbie! (The Gunny heard that liberals taste like chicken)
Here are some of the more dumber comments from these dumbass libs.
dirtydem: "Wall st will help you, after they make huge profits manipulating the commodities markets. Your in the hands of former Enron traders, no worries, it's the free market. Yea tea party."
hadji1966: "I concur that food prices have been rising, but don't Americans still spend a smaller percentage of their income on food than people in most other nations?"
sfnative650: "Why is the price of food going up? If you look at it, transportation and the food is more expensive because of a few greedy that manipulates the crude oil prices..If the crude oil was off the commodities market.. The price of fuel would level off and become more stable.. All that has been happening is the price has gone up..So the farmer and the trucker doesn't want to go broke..."
vkkv: "Just another tax on the poor and the middle class. Thanks a lot greedy RepubliSCUMS."
tomrobla: "The solution to huge deficits is to inflate our way out of it."
jncc: "Oh my God, a 5% rise in food costs.... run for the hills everyone!!!"
skruse: "Food is based on cheap oil. We are in Peak Everything - Era of Declines. As oil decreases prices on everything increase. Increased population and lack of water will also drive prices up."
gadflies: "OMG... did I see someone blame the president for this? Are you kidding... this is wall street."
spockhere: "Captain.. Translation.... Poor Fat People with get thinner... and Rich Fat people with get Fatter... Logically speaking..."
jackjock14: "Prices are rising because of speculation in the market. Hedge funds keep all prices of commodities artificially high, so they win, then when the prices drop they win again. Win win for them and lose lose for consumers. Thanks Wall Street Banksters."
kellerj: "I cannot wait till the tea party removes the nanny state subsidies to agriculture, government water projects. Without agriculture subsidies Good luck feeding your creationist home schooled ditto head children. Good luck keeping your salt of the earth communities of hard working "people like us" from disappearing from the rural landscape. They will probably just keep the ethanol and tobacco subsidies."