Posts Tagged ‘starve’

‘Hope And Change’ Means Hoping You Don’t Starve As Food Prices Skyrocket Under Obama

February 21, 2011

What does hope and change mean entering the third year of Obama?  Does it mean a) I hope I don’t starve as food prices skyrocket?  Does it mean b) I hope I don’t freeze as heating oil prices skyrocket?  Does it mean c) I hope I can afford the gas to drive to work as gasoline prices skyrocket?  Or does it mean d) I hope I don’t go broke as the value of my dollars dwindle away.

The answer, of course, is e) all of the above.

The answer is always e when bad things are happening and you’ve got an idiot ruining the country.

World Bank: Rising Food Prices Forces Millions Into Poverty
FEBRUARY 15, 2011, 2:49 P.M. ET.
By MICHAEL R. CRITTENDEN
 
WASHINGTON—Global food prices continued to climb sharply in recent months, forcing millions into poverty and potentially exacerbating already tense conditions in the Middle East, the president of the World Bank said Tuesday.

The bank’s food price index rose 15% between October of last year and January, up nearly 30% from the same period a year ago, and only 3% below the 2008 peak. The increases, which have included sharp price spikes in the cost of wheat and maize, have driven an estimated 44 million people into poverty since last June, the World Bank said.

World Bank President Robert Zoellick told reporters on a conference call that food prices are at “dangerous levels” and said there is reason to worry that it could lead to further unrest in countries such as Egypt and Tunisia, where there is political unrest.

“I’m concerned that higher food prices add to stress points and could add to the fragility that is already there anytime you have revolutions and transitions,” Mr. Zoellick said, acknowledging bank officials are in close contact with interim authorities in Egypt.

The warning from the World Bank comes days before finance ministers from the Group of 20 industrialized nations are scheduled to meet in Paris to discuss a wide range of issues. Food prices, as well as inflation more broadly, is already a growing concern for international officials, but Zoellick said it needs to play a larger role in the high-level discussions this week. “The G-20 has to put food first this year,” Mr. Zoellick said, adding later that “this is a broad-based problem and it’s going to need a comprehensive solution.”

The World Bank said the rise in prices in a number of key staple crops was partially mitigated by only a modest increase in global rice prices, as well as good harvests in many African nations. Still, Mr. Zoellick warned that the World Bank remains concerned about global food-stock levels and predicted there could be increased price volatility if extreme weather conditions persist.

But don’t spend all your time worrying about starving to death; because under Obama, you have to worry about being able to afford the heating oil for your home or the gasoline to drive to work, too.  Oh, yeah, and your money is now worth a heck of a lot less thanks to your community organizer’s policies:

NEW YORK, Feb. 27, 2008
U.S. Gasoline Prices Skyrocket
Pain At Pump Increases As The Cost Of Crude Oil Hits $102 A Barrel
 
(CBS/AP)  The rapidly rising cost of crude oil has prompted a big spike in U.S. gasoline prices, with some experts saying the cost of regular gas could hit $4 a gallon.

The AAA reports that the average cost of regular gasoline in the nation was $3.14 a gallon – up 19 cents a gallon in the past two weeks, according to The New York Times. The cost of gasoline was $2.35 a gallon a year ago.

AAA spokesman Geoff Sundstrom told the Times it was possible gasoline prices could hit $4 a gallon this summer.

“We’ve gone from a worrying situation for gasoline to one that is quite alarming,” Sundstrom told the newspaper.

Driving the increase is the cost of crude oil, which hit an intraday high of $102 a barrel Wednesday as a slide in the U.S. dollar prompted investors to pump more money into energy futures as a hedge against inflation.

The dollar sank to a record low against the euro after the release of three disheartening U.S. economic reports Tuesday that show that the economy is slowing as prices for consumer goods rise. The dollar’s decline prompted investors to seek a safe haven from turmoil in the financial markets and the threat of inflation.

“Crude has cracked through the $100-level again and that’s driven by financial investors moving money into commodities markets,” said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.

“The U.S. dollar weakened against the euro and the economic data also indicated that inflation in the U.S. rose in January, and commodities are generally considered a hedge against inflation,” Shum said. “We are therefore seeing these strong prices that have really little to do with oil market fundamentals.”

Light, sweet crude for April delivery spiked as high as $102.08 a barrel in electronic trading on the New York Mercantile Exchange before slipping back to $101.23, up 35 cents.

The contract on Tuesday jumped $1.65 to settle at $100.88 a barrel, a record close.

In London, Brent crude added 33 cents to $99.80 a barrel on the ICE Futures exchange, below the intraday record of $100.30 a barrel set earlier in the session.

The U.S. Labor Department said wholesale inflation rose by 1 percent in January on soaring oil and food costs. And Standard & Poor’s also reported that U.S. home prices fell 8.9 percent in the last three months of 2007 from a year earlier.

A report by the Conference Board, a business-backed research group, that its Consumer Confidence Index fell to the lowest since February 2003, far below what analysts had been expecting, indicated that consumers might continue to curb their spending in the coming months.
Quote : “We’ve gone from a worrying situation for gasoline to one that is quite alarming.”Geoff Sundstrom, AAA spokesman

But traders in both the energy market and the U.S. stock market, which also advanced sharply, seemed largely unfazed. Oil has risen in recent days amid an increase in speculative buying, with some traders believing that global demand will be high enough to support higher crude prices even if the American economy is slowing.

Analysts expect the U.S. Energy Department’s Energy Information Administration to report later Wednesday that the nation’s crude oil stocks rose last week by 2.4 million barrels, which would be the seventh straight week of gains.

Gasoline inventories are expected to rise by 400,000 barrels while supplies of distillates, which include heating oil and diesel, fell by 1.8 million barrels last week, according to a Dow Jones Newswires poll of analysts.

Also supporting prices were concerns about supply disruptions from unrest in Iraq, a major oil exporter. Turkish ground forces pushed their offensive against Kurdish rebels deeper into the north of Iraq, seizing seven guerrilla camps, officials said Tuesday.

But blame Bush!

Why?  Because Bush built a time machine, traveled into the future, screwed up the world and then returned to 2008.  So that even though Obama is well into his third year as president, he’s not actually responsible for anything.

I think of FDR and the poisonous toxic impact that fool had on our economy and our way of life.  FDR prolonged the devastating human suffering of the Great Depression by seven miserable years with his ruinous policies, according to studies by economists.  It would have been longer, but FDR – who was one of the worthless and weak leaders of the West who empowered Hitler to keep pushing until there was a world war – was able to get men out of the bread lines by sending them into machine gun fire.  Liberalism = death back then, and liberalism = death now.  The only thing that has changed is the name of the idiot in the Oval Office.

The mainstream media will continue to largely ignore what’s going on even as they blame anybody and anything but Obama for what the have to cover, because leftwing propaganda is what they do.

I hate to tell you this, but if you were stupid enough to vote for a community agitator as your president, you fully deserve to freeze to death while you starve to death.  It’s called winning the Darwin award, and under Fool-inChief Obama, America has hit the Darwin Award mega-lottery jackpot.

Advertisements