Obamanomics: Price Of Gas +83%, Ground Beef +24%, Bacon +22%...

First I want to say, I did a Search and Nothing come back, OK, Now that is said.

I have told my friends that senses Obama has been in office, My retirement check buy much, much, much less than it use to.
I've told many of my friends to hold off as long as they can, hopefully, 2012 elections will cure this problem, this cancer eating away at our small amount of retirement monies we get.

Just sense 2009, gas prices have doubled it would seem and the cost of groceries has gone through the roof.

Don't believe me?

When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26 percent. By December 2011, the price of regular unleaded gas per gallon was $3.28, an 83 percent increase from January 2009.

OK, 83% to me is a lot of money, I filled up my truck today at Costco, $82.00 Unleaded $3.27

The U.S. city average retail price for one pound of 100 percent ground beef was $2.36 in January 2009. As of December 2011, that price had risen to $2.92—a 23.7 percent increase and a new peak. (Ground beef prices have risen every month since November 2009 – 26 months of price increases.)

Whole wheat bread prices from January 2009 to December 2011 increased about five percent (5.02 percent) from $1.97 to $2.07. (The inflation rate in December 2011 was 3.0 percent.)

YUP, It's Price Match Wednesday at Walmart and it's still $87.00 for two people every two weeks between Milk, Coffee, Tea, Breads, Meat and let us not forget the Vegetables and Fruits.
Source: cnsnews.com...

Obama: I’d like higher gas prices, just not so quickly

I Believe that obama was telling the truth the first time in his Life,,,, When

According to Barack Obama, high gas prices don’t really constitute a problem for Americans. He stated yesterday that the reason for our anger is the rapid increase in prices, not the prices themselves. Obama claimed that Americans would have accepted a “gradual adjustment” to the current cost:

Source: hotair.com...

I'm sorry, but you really can't put all the blame at his feet for these price rises.

Many, many different factors account for price rises in commodities and fuel. If you could put the only reasons down as tax increases, lack of farming subsidies, a weak dollar, then fair enough - but there are many other reasons why these things have increased in price.

In the UK for example, the price of tuna has pretty much doubled in the same time frame - but you can't blame that on the prime minister. The same with tinned tomatoes, stupid prices now - again, not his fault.

Remember to factor in inflation too, your dollar simply isn't worth what it was a few years back. For the past 4 years, compounding the annual inflation rates, the dollar has devalued by about 11% domestically. And while you can blame some of the devaluation of the dollar on Obama for sure, GW didn't do much better.

Yes you sure as hell can blame Obama for the price of fuel with the ban on offshore drilling the denial of the keystone pipeline and wasting billions of taxpayer dollars on crony capitalism on green technology.

Yep that is on him as to the rest of the commodity prices going higher that is agian for failed policies for the last 3 years.

The simple fact everyone had more money in their pockets under that mosted hated most vilified Bush anyone is says otherwise is lying.

amazing how obama's dergulation of the derivatives industry led to the collapse in '08


oh, wait.....

reply to post by GoldenChild


I Really Believe You Can Put The Blame On Obama's Very Narrow Shoulders, He's to Blame For Appointing Steve Chu, Director of the Lawrence Berkeley National Laboratory, to be Secretary of Energy. And Do You Know What Mr. Chu Wants To Do?

Obama Energy Pick Backs Higher Gas Tax

Yes, yes, Obamas Hand Picked Man,,,,,,

"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Steven Chu, the director of the Lawrence Berkeley National Laboratory, told the Wall Street Journal in September.

Do You Have Any Idea Why this Idiot,,,,, Much Like His Boss,,,, Wants To Puch Gas Prices Up?

Chu said he favors gradually ramping up gasoline taxes over 15 years to nudge consumers into buying cars that are more fuel efficient and homes which are closer to work. Chu spoke with The Wall Street Journal in September but the newspaper did not publish the gas tax comments until last seek, shortly after the Nobel-prize winning physicist had been identified as Obama’s nominee for Energy secretary.

I Won't Allow Myself To Be Forced Into Buying Something Because They Feel I Need Too!!!

reply to post by guohua


Just thought I'd fact-check a bit, about the fuel per gallon claim from 2009 of $1.79.

Here is an article from Reuters, from 2 November, 2009:

U.S. retail gasoline price hits high for 2009

(snippet):

The national price for regular unleaded gasoline increased 2 cents over the past week to $2.69 a gallon, up 29 cents from a year ago...

My emphasis....that would make the price "a year ago" (2008) $2.40, not $1.79. Is there any bias in the source used in the OP, by any chance?

Oh, and here's another source as well, from September, 2009:

Average gas prices--September 14, 2009

To compare, also from Consumer Reports:

Average gas prices--January 26, 2009

So, the rise occurred during 2009. However, the Reuters article has an in-depth explanation in the text body.


I seem to recall during the Bush administration, similar cases were the President was somehow held "accountable" for cost rises that were simply not in his control. The pendulum swings, every time.


Oh, and a bit more digging:

July 7, 2008—Crude oil prices settled-in at a new record of $147 per barrel. The U.S. average price for regular gasoline climbs to an all-time high of $4.11 per gallon. Road trip style vacations are put on hold for many summer travelers.

2008 U.S. Gas Price Year in Review

SO, the above ^ ^ ^ was in July, 2008. As I recall, President George W. Bush was still in office........

Originally posted by neo96
Yes you sure as hell can blame Obama for the price of fuel with the ban on offshore drilling the denial of the keystone pipeline and wasting billions of taxpayer dollars on crony capitalism on green technology.

Yep that is on him as to the rest of the commodity prices going higher that is agian for failed policies for the last 3 years.

The simple fact everyone had more money in their pockets under that mosted hated most vilified Bush anyone is says otherwise is lying.

oh i see, so when people point out that the gas prices jumped up during the years between 2001 and 2008 out of fear in the oil industry they must be lying?

i think you are just looking to ignore the truth and calling people liars is the way you are going to do it.
no, oil prices have been going up since 2000 and jumping because of speculation on oil reserves, due mostly to wars in the middle east.
bush at most indirectly affected the prices, due to the wars causing instability in the ME, obama less so.

what the heck does the green energy stuff have to do with gas prices? don't you know anything about economics? the gas prices go up and down based on oil speculation, everything else is an excuse to divert us from the truth. the price is purely arbitrary, based solely on what the businesses think it should be set at.

i would say bush was worse solely because the wars destabilized the middle east, and the speculators used that as an excuse to buy up all the oil and spike the cost of gas. this was indirect since it is oil companies that decide it.
what has obama done that wasn't already happening in the middle east? libya? that country was imploding as it was.
oh yeah more offshore oil drilling sure helped the gulf didn't it? i guess it did in advertising!

If only McCain had won, everything would be free by now. We'd all be doing the Charleston in the streets, drinking Brandy Alexanders out of gold chalices, etc.

It's not like the House and Senate would have had anything to do with it, no way, no how, no sir. It's all that socialist Kenyan's fault.

Originally posted by neo96
Yes you sure as hell can blame Obama for the price of fuel with the ban on offshore drilling the denial of the keystone pipeline and wasting billions of taxpayer dollars on crony capitalism on green technology.

Yep that is on him as to the rest of the commodity prices going higher that is agian for failed policies for the last 3 years.

The simple fact everyone had more money in their pockets under that mosted hated most vilified Bush anyone is says otherwise is lying.

Couldn't be that the price of gas went up 250% in the 8 years Bush was in office?

Changing the entire price structure of the commodity

Oh and

reply to post by ProudBird


Looks to me like a Source War, Who's Source Is The Right Source.
Yes, fuel prices went up very wildly under Bush,,,, But then again, I don't remember Bush ever being disappointed that fuel prices climbed higher faster than he wanted it to, Obama was upset when fuel prices climbed above the $3.00 mark before Mr Chu and Obama wanted them to.

Bush didn't have some one in his Administration wanting the American People To be Forced To Pay EU Prices For Fuel and Buy Electric Cars.

Source For Source,,,,, My Sources supports The Thread,,,, Yours just tries and Push The Blame On To Some One Else,,,,,,,, Like Your President Obama,,, It's Never His Fault,,,,,, When It Is!

It is irresponsible to say that Obama does not have some skin in the game, but there is a much broader blame to be placed on many of our other elected officials.

Obama is not a dictator and congress is just as culpable as he is. The lackadaisical attitude of congress, both Dems and Reps, and the actions of our financial institutions are to blame as well.

To blame Obama....that's the easy way out. To blame those that we as voting citizens placed in office is much harder, and much more accurate.

We need to blame ourselves for complacent attitudes towards our government and the actions they take.

To only blame Obama shows a lack of understanding and a willingness to perpetuate the problem itself!

reply to post by mastahunta


I would really like to see your source for this statement:

gas went up 250% in the 8 years Bush

I Googled it and could not find any support.

reply to post by guohua


Me Either

news.consumerreports.org...

2009 under Obama's watch

Here is a post on Heritage.org concerning gas prices. They conveniently try to make the case that we only need to look at the rise of oil in the first 26 months of Bush/Obama's presidency, but they admit that under Bush's presidency gas reached historic levels.

A little bit of honesty mixed in with propaganda!

Yes, the price of gasoline reached historic levels, rising above $4/gallon during Bush’s second term, but that wasn’t due to a lack of trying to increase domestic supply. U.S. domestic supply is but one factor in the global price of oil, and thus gas prices.

I'd also like to know how the Keystone Pipeline deal has effected gas prices at all! Gas prices have barely moved in the last two months in my area.

Heritage

You are a fool if you think that all the oil in the US being magically brought to surface, the price of gas would not change one wit. As a matter of fact right now we are EXPORTING gasoline -- the price is not going down. We compete with the world. The oil that is drilled does not belong to us it belongs to BP ExxonMobil not us -- they are going to sell it for the best price and we will compete for it. It is so simple -- what is the agenda when you blame Obama??

You all wanted free market -- well this is how it looks.

reply to post by spyder550


Is some one is Fool Enough To Continue and Believe Obama,,,,, You Deserve What You Get.
I and My Family and Friends Did Not Vote For Obama in 08 and Will Not Vote For Obama in 2012.

An article from May 2011.

In shift, Obama takes steps to speed domestic drilling

WASHINGTON — President Obama, facing voter anger over high gasoline prices and complaints from Republicans and business leaders that his policies are restricting the development of domestic energy resources, announced yesterday that he was taking several steps to speed oil and gas drilling on public lands and waters.

Now remember this is from May 2011 and just recently he turned down the Canadian Pipe Line,,,,,,,
Just More of Obama Telling You All What You Want To Hear,,,, No truths, Just Lies!

Back in May of 2011 :

The Republican-led House passed three bills in the last 10 days that would significantly expand and accelerate US oil development, saying the administration was driving up gas prices and preventing job creation with antidrilling policies.

Source: articles.boston.com...
Obama has done Nothing!

So first Obama is a Socialist because he is doing too much to control the economy, now he sucks because he's let corporations get out of hand with their prices? What do you want from this guy? Price issues are very complex and the President has very little to do with them, even in terms of offshore drilling. Even if we allowed it (which, we do), we are going to get oil from other countries first on principle, because we are going to use up their resources before we use up our own. These problems are based on a lot of issues, including the FINANCIAL CRISIS which Obama became President during, corporate greed and profit-mongering, and the fact that our economy is based on imports from other countries (has been for a while - we are the most consumptive economy) and as our economy tanks and people buy less, prices naturally have to go up to make up for it.

People will do anything to denigrate this guy. Obama is not a great President in a lot of respects but he's not evil and he honestly doesn't have very much control over anything...

Originally posted by guohua
reply to post by spyder550

 

Is some one is Fool Enough To Continue and Believe Obama,,,,, You Deserve What You Get.
I and My Family and Friends Did Not Vote For Obama in 08 and Will Not Vote For Obama in 2012.

An article from May 2011.

In shift, Obama takes steps to speed domestic drilling

WASHINGTON — President Obama, facing voter anger over high gasoline prices and complaints from Republicans and business leaders that his policies are restricting the development of domestic energy resources, announced yesterday that he was taking several steps to speed oil and gas drilling on public lands and waters.

Now remember this is from May 2011 and just recently he turned down the Canadian Pipe Line,,,,,,,
Just More of Obama Telling You All What You Want To Hear,,,, No truths, Just Lies!

Back in May of 2011 :

The Republican-led House passed three bills in the last 10 days that would significantly expand and accelerate US oil development, saying the administration was driving up gas prices and preventing job creation with antidrilling policies.

Source: articles.boston.com...
Obama has done Nothing!

And this Guohoa ignores that over two thirds of current oil lease sit unused, or that
Obama has opened up millions of acres during his presidency, or that oil production
is at its highest in nearly a decade, or that importation are at their lowest levels in
over a decade.

Ignore, ignore, ignore, ignore...

The Interior Department released a report that said more than two-thirds of offshore leases in the Gulf of Mexico and more than half of onshore leases on federal lands sit unused.

www.mtwytlc.org...

Ground beef has risen.....uuummm....let me think....now i've got it..!!

He's punishing the Mexicans.....

How the hell are the cholo's gonna eat chilli with beef at that price...maybe Obi's hoping they'll all go home???

Originally posted by guohua
reply to post by mastahunta

 

I would really like to see your source for this statement:

gas went up 250% in the 8 years Bush

I Googled it and could not find any support.

zfacts.com...

$1.37 in 2000

to a peak of

$4.27 7/7/2008

That is over 3 TIMES inflationary model of a commodity

No wonder that over half his cabinet were also OIL cronies.

That entire shift in the floor price was Bush's policies, his policies normalized
the model, enjoy.