Food prices on the rise

numbers reveals that the price of milk, eggs and other essentials in the American diet are actually rising by double digits.

Already stung by a two-year rise in gasoline prices, American consumers now face sharply higher prices for foods they can’t do without.
 
It's not actually as big a deal as gas prices...

If you think about it, a like 5-10% rise in food will only cost the average family 20 or 40 bucks.
 
Food prices are going up because of Chinas demand for our superior products...thats cool but our suppliers should give us citizens a kick back and reduce our costs...and by the way gas prices have dropped some 40 cents over the last couple of weeks...our local station is charging $2.74 per gallon...not great but better!
 
cawacko said:
What policy's of Bush's do you believe caused this increase in food prices? What policies would you change to lower food costs?
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Umm invading Iraq and the resultant increase in the price of oil. It takes energy to raise , process, store and distribute food.
 
evince said:
I was right
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So you are saying that rising food prices led to the collapse of Lehman?

You are saying that this post is proof you predicted the financial collapse?

That is a fucking stretch even for a schizo narcissist with delusions of grandeur like you.
 
The democrats had complete control of Congress at this time... what is it they did to prevent the crash? Or did you expect Bush to act by executive order?
 
http://www.nytimes.com/2008/09/27/business/27sec.html?_r=3&oref=slogin&oref=slogin&oref=slogin






S.E.C. Concedes Oversight Flaws Fueled Collapse


By STEPHEN LABATONSEPT. 26, 2008



WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.



The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.

Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”


“The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness,” he added.
 
The democrats had complete control of Congress at this time... what is it they did to prevent the crash? Or did you expect Bush to act by executive order?
 
S.E.C. Concedes Oversight Flaws Fueled Collapse


By STEPHEN LABATONSEPT. 26, 2008
WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.

Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”

“The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness,” he added.
 
evince said:
S.E.C. Concedes Oversight Flaws Fueled Collapse


By STEPHEN LABATONSEPT. 26, 2008
WASHINGTON — The chairman of the Securities and Exchange Commission, a longtime proponent of deregulation, acknowledged on Friday that failures in a voluntary supervision program for Wall Street’s largest investment banks had contributed to the global financial crisis, and he abruptly shut the program down.
The S.E.C.’s oversight responsibilities will largely shift to the Federal Reserve, though the commission will continue to oversee the brokerage units of investment banks.

Also Friday, the S.E.C.’s inspector general released a report strongly criticizing the agency’s performance in monitoring Bear Stearns before it collapsed in March. Christopher Cox, the commission chairman, said he agreed that the oversight program was “fundamentally flawed from the beginning.”

“The last six months have made it abundantly clear that voluntary regulation does not work,” he said in a statement. The program “was fundamentally flawed from the beginning, because investment banks could opt in or out of supervision voluntarily. The fact that investment bank holding companies could withdraw from this voluntary supervision at their discretion diminished the perceived mandate” of the program, and “weakened its effectiveness,” he added.
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Had Clinton not repealed Glass Steagall... that wouldn't have happened.
 
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