At virtually every link in the nation’s food chain, the cost of oil is pushing expenses ever higher.
Retail bills for some food staples have risen at least 20 percent since 2006, and they probably will continue their upward march. A gallon of gasoline could cost $7 within the next two years, some analysts say.
“If you double the price of oil, I would assume that food would at least double, and it might be more because the cost of oil gets magnified in the food chain,” said Milt McGiffen, a vegetable specialist for the University of California cooperative extension in Riverside County.
Farmers are paying more money to fill their tractors with diesel for planting and harvesting. They also spend more for fertilizer, pesticides and plastic packaging, most of which are petroleum-based.
When the food is stored and processed, it takes a huge amount of energy, which is linked to the price of fossil fuels as well.
Then, products are shipped using diesel trucks and rail cars that are far costlier to run now than in years past.
The result is bigger and bigger food bills that are causing financial hardship for millions of Americans…..
Geez, bunch of whiners. You’d think they never heard of daddy setting up a trust fund or having mummy’s big money pals bail out their latest failure or marrying well or something. If they are too stupid to have their spouse bilk a golden parachute out of thin air while other investors lose everything, that’s their problem, eh?
Because these people clearly haven’t believed their poor away! Come on — put on a McHappy Economic Face! Take a ride on the Sugar Momma Express and turn that frown upside down!
Act now, and get these stale economic policy retreads absolutely free. (Cost of living adjustments, health care coverage beyond a figleaf and real living wages not included.)
(YouTube via the geniuses at BraveNewFilms. Put down all liquids before watching…)
Related posts:
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- Buy Bonds! Chinese Rock Meets Economic Hard Place
- Sesame Street: Tackling Tough Economic Times Together
- FDL Book Salon Welcomes, Paul Davidson: The Keynes Solution: The Path to Global Economic Prosperity
- FDL Book Salon Welcomes Benjamin Page, Class War? What Americans Really Think About Economic Inequality





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Good morning, Christy.
I’m just putting everything on my VISA and then applying for a federal bailout.
Good Morning, Christy
With one more mouth to feed in this house, a bottom less pit aged one, I’m having to stretch the budget and what I’m making. I’m jokingly calling dinner the depression special. Ya know, leftovers with fresh vegies on top of rice. I told the kids that as time goes on, there’s going to be less meat/chicken/fish and more rice and potatoes….
I really worried about a coming depression and let’s not forget what got us out of the last one. The same thing that is pushing us into the current nightmare. Yikes.
As a Texas legislator so famously said a few years back during budget debate about cutting aid to the poor, “They’ll just have a little bit less to leave to their children.”
And the news just keeps gettting better:
http://www.washingtonpost.com/…..eheadlines
Good morning, Christy. This morning Lieberman was on Morning Joe, talking about our strong exports and what a positive sign this was. I very loudly yelled that of course exports are high because our dollar is in the tank. Not sure if he heard me or not but I’m sure the neighbors did.
Good morning, CHS. Great post, & the accompanying vid gave me the perfect link for all friends bemoaning the economy on my email addy list.
Thanks for the spew alert, BTW.
From a post by Eli this past weekend, and in response to the eternal question, What are we going to do?
get your household in order. Get a garden. Make sure your neighbours love you. Diversify your money a bit (it won’t help much, but better than not doing it.) Work with your community to build up community networks. Get to know your local reps if you can, so that when push comes to shove you can show them the suffering they can help and so they trust you. Push behind real progressive candidates when you can, when you can’t, go for the person who seems to be genuinely compassionate — they’re the ones who will at least break and give relief.
Very good advice which I am sharing with everyone I know.
I thought this video got the point across rather snarkily. Knew folks would get a kick out of it…
From the Department of People Who Don’t Have A Clue…
You don’t UNDERSTAND, my friends! If we WIN the WAR in Iraq, we can go on from there to Bomb Bomb Bomb Iran! And after our victorious flower-strewn parade through Teheran, rivalling the one in Baghdad, we will deploy our troops to free Czechoslovakia from Soviet rule, crush the Nazi’s in Berlin, and rout that lousy Czar!
Our military will turn back the British in Bunker Hill, support our Roman allies, and thwart the advances of that Mongol terrorist, Khan! Then only Alexander himself will stand between America and its complete hegemony over the entire world!
Well, and those Xia Dynasty bastards, but we’ll get to them, my friends!
boy this poster at Raw Story …got into 1 paragraph
July 16th, 2008 at 00:14:02 From: kasinca
Thugs and Crime Family
The thugs of the Bush Crime Family deregulate to allow the robber barons to run the companies into the ground and then they bail them out and pass the losses to the American tax payer while the thugs who are CEO can still get their golden parachutes from the failed company. Sure they believe in lower taxes but they could give a damn about passing the losses of the mortgage banks to us and the price of oil (due to speculation) at the pump. The GOP is a group of thugs no different that any mob. They are corrupt to the core and anyone who supports them should be locked up
and good morning all….. going to get my stitches out
Good Morning Christy and Firedogs -
goodness I love Robert Greenwald -
in 10 minutes of ‘news’ the other night there were 4 different states and innumberable school districts contemplating 4 day weeks
they are straight up holding this nation hostage
looking for some google time to go through some of Ida Tarbell’s work from a hundred years ago when she wrote of the extortion practiced by the extractionists -
Buy Our Crap or The Nation Gets It !
NW Natural Gas (Portland OR)is raising the price of gas up to 40% this winter!
Say, who actually owns the gas? Last time I looked, there was no Scrooge at the gas vents.
Oh, yes! It’s the people at the vents!
yea,and if some starve or eat shiiite,and get diabetes …so be it…1/4 OF OUR POPULATION NOW HAS THE DREADED DISEASE,i think from corn syrup added to EVERYTHING
Eat corn syrup, which is also up in price, pay the gas man!
What an excellent opportunity we have today. Yuppies, Muppies and Generation X can now face the same challenges the Greatest Generation faced, only in reverse. Fighting a two front war, yet not having to participate, and able to foist off the cost on multiple future generations. Learning how to explain to the world that we are not lawbreakers and war criminals but the Greatest Nation on Earth! Exciting chance to go from riches to rags, learning how ride bikes, walk, live in your car, to beg on street corners and grow a victory garden. Cheney/Bush; the gift that keeps on giving!
and OUR KIDS are getting the major RAYGUN SHAFT
http://www.boston.com/news/edu….._programs/
It’s all psychological, don’t ya know? Bush and McCain say so.
amazing in 7 short years…..OMG mission accoplished
Since we are a nation of whiners (which is just a winner with an H), we are not alone. On this matter, at least, the CEOs of the many corporations agree that the economy is in the shitter.
BTW, is anyone else sick of hearing on the news, NPR and other sources that gas costs $10/gallon in Europe? Actually, if the dollar had not fallen by 55% against the Euro during Bush’s riegn of terror, those same gas prices would cost Americans about $4.50 or $5/gallon, if we were paying with non-deflated war dollars.
DONT WHINE FOR ME Argentina
June 19, 2008, 4:04 pm
Superyacht Market Stays Strong
A new Superyachting Index shows that the top end of the yachting market is still holding firm – at least for now.
The index, which is compiled by The Luxury Institute and Camper & Nicholsons International – the yacht broker and charter company – found that new orders for yachts over 130 feet are up 18% in 2008. There were 254 new orders for yachts longer than 130-feet last year, up from 134 in 2005.
A superyacht in Doha, Qatar. (Getty Images)
The report also puts into perspective the astounding growth rate over the past decade for jumbo yachts. In 1997, there were just 241 yachts of 80-feet or more under construction around the world. Last year, there were 916 such boats being built.
The average price for motoryachts longer than 100 feet was $10.3 million in 2007. The average price for sailing yachts of the same length was $9 million (although, to the dismay of traditionalists, sailing yachts now make up a tiny fraction of the large yacht market).
Ironically, the biggest constraint to the industry’s growth isn’t the economy — it’s staffing. The report says that about 25,000 crewmembers are necessary for today’s fleet of superyachts, but only about 15,000 currently work aboard yachts. Shortages of captains and engineers, it notes, are especially acute.
plus they have MORE efficent cars,and great rail system
And they have a great rail system in part because part of the price of that gas goes to pay for it.
Clusterfuck and McBush have apparently decided to head off the poor economy as a political issue by DENYING THAT THERE IS A PROBLEM.
This, of course, is stupid policy and even dumber politics..
Obama is lucky to be running against bozos.
And if fewer people are driving less, of course the price of gas would be higher.
jeepers it’s as if there’s been a rapture already and the majority of us have been Left Behind . . .
I can remember when they tore up the trolley tracks in my home town to make way for progress and the “motorbus”. This happened in the fifties.
Meanwhile, in a europe that had been bled dry in the war, the trolleys were still in use. The same trolleys are STILL being used and in old cities that are well suited to walking and mass transit…
Years of high gas prices have forced those who drive to select cars with better fuel economy…
$10 per gallon gasoline will force americans to make similar adjustments.
Our biggest problem in imitating Europe is that we have developed neighborhoods and commutng patterns that depend on the car. We don’t all get up in the morning and go “downtown” to work. We go all over the place- which makes public transportation difficult if not impossible for many.
Eventually many will have to move or get jobs closer to home.
The trolleys ran on electricity from overhead wires and ON tracks in the roadway
We now call this “light rail” and act as if someone had just invented something slick. We had these contraptions soon after the turn of the last century.
When much of the electorate has demonstrated a willingness to follow bozos, it may be an advantage to be a bozo.
Morning. Watching the Jane Mayer C-span interview on youtube. She describes Cheney and Chimpy holing themselves up like to ghouls with raw intelligence scaring the crap out of themselves, and Comey says it was like being in a room with “Led Zeppelin(?)” I think Comey means Hannibal Lector.
U.S. Dept of Energy released a new report showing that U.S. supplies of crude oil jumped “unexpectedly” last week. Result -> oil prices drop to about $132/bbl and the stock market rises.
Do we really *have* that extra oil? I doubt it. But maybe this administration’s utter inability to tell the truth has finally redounded to our benefit.
Hey, lying about oil reserves beats the heck outta printing more money, right?
The Great American Streetcar Scandal[1] was the acquisition of streetcar systems throughout the United States, dismantling, and replacement with buses in the mid 20th century by the National City Lines (NCL) holding company, formed by General Motors, Firestone Tire, Standard Oil of California and Phillips Petroleum. It is alleged that NCL’s companies had an ulterior motive in their purchase of streetcar systems of forcing mass use of the automobile among the U.S. population.
Convicted of violating the Sherman Antitrust Act, GM was fined $5,000 and each executive was ordered to pay a fine of $1 for a conspiracy to force the streetcar systems to buy GM buses instead of other buses (but not for dismantling the streetcar systems, which were also being dismantled by non-NCL owned systems).
wiki
I stole this from yesterday’s Fromkin who borrowed it from Jay Leno. Her ya go:
Jay Leno via U.S. News: “Today, President Bush lifted the presidential ban on offshore drilling that was imposed by his father, the first President Bush, 18 years ago. But hey, remember Bush’s dad also said invading Iraq would be a huge disaster, and cutting taxes would ruin the economy. So what the hell did he know?”
Of course. Everybody know Bush loves “Black Dog.” Cheney, on the other hand, is partial to “Gallows Pole.”
McDaddy and McMommy? I think McSame might try to run like an Eisenhauer (one who loves the military industry though).
jeepers it’s as if there’s been a rapture already and the majority of us have been Left Behind . . .
Nah – I haven’t notice any new shortage of self-important tight-assess around here, anyway.
Let the drilling begin in a certain area off of the coast of Maine.
we must have plenty of oil .. we’re EXPORTING 1.6 millon bbls. a day of “refined products” to other countries ..
Yep! Daddy Warbucks, my hero!
am off to start my mcdouble – have a good day everyone – catch y’all later :D
Uh huh. And which one of us “Little Orphan Annies” would be willing to sit on his lap? Any takers?
But think of it, the Entire Texas Republican Party would disappear. On the second thought, the majority of wouldn’t, would they?
For all those thinking about sitting home on election this November because they’re mad at Obama for tacking right, please be aware Sen. Obama is the only hope for this economy.
What is going to bring this economy out of the toilet and back to the boom times of the 90s is ENVIRONMENTAL TECHNOLOGY. Just like the digital revolution got the ball rolling under the Clinton administration, as soon as the U.S. government gets behind saving the planet, there will be all kinds of new industry popping up to employ people and buoy the failing economy.
Ain’t gonna happen under a McCain administration. He and his friends in the oil industry will keep us stuck for another four years (at least).
Only Obama (and his environmental advisors) understand this and can make this happen.
well, Tom Delay is still around and showing up on Hardballs occasionally….
If the Rapture were to happen, I think that, in Texas, Republicans would still be in the majority, both in number of politicians and voters….
Ooh Jane Mayer says James Comey and Goldsmith spoke in codes and felt in physical danger from(?) Cheney(?) Addington(?). They felt imperiled for trying to withdraw the torture memos. I always thought there was something Hannibal Lectorish about Cheney, now I think Addington is one too.
Thanks. I knew the overall story, but not those details.
You mean McSame/McDaddy aren’t going to bring back those cocktail drenched “Happy Days?”Darn. /snark
Shouldn’t Tom Delay be in jail by now? I keep asking that question, year after year. *sigh*
That presupposes that all those so-called Christians in the Republican Party would in fact be taken away as they believe. Assumes facts not in evidence at this time.
Shouldn’t Tom Delay be in jail by now?
Well – yes, imo.
Boy, The Department of Injustice has just been all over the juicy info that Abramoff has been dishing out daily for a couple of years now, haven’t they? If a Democratic administration is not in place in 2009, poor ole Jack might die, un-noticed, of writer’s cramp, with the public at large none the wiser, and all of the miscreants still drinkin’ champagne and eatin’ cocktail weenies…
Nope.
The main problem with the U.S. economy is there’s been almost no new industry developed since the mid-90s. We spend all our time complaining (some would say whining) about jobs going overseas, when we should be spending our time moving new industry into place to create NEW jobs.
The rust belt needs to be turned into the “green” belt. Wind, solar, etc. is in “start up” status right now in the U.S. They need leadership to give them the push they need.
Hey pups come on and digg
Christy’s Post!!
WARNING: Due to Presidential Executive Orders, WITH CONGRESSIONAL APPROVAL, the National Security Agency may have read this email without warning, warrant, or notice. They may do this without any judicial or legislative oversight. You have no recourse nor protection save to call for the impeachment of the current President, 69 members of the Senate and 293 members of the House of Representatives.
4th Amendment Hit Squad from http://www.bluetidalwave.com/2…..-list.html
On Wednesday July 9, 2008 our U.S. Constitution, specifically the 4th amendment was officially torched by the U.S. government. The Democratic leadership in control of the 110th Congress lighted the definitive match to burn up every citizen’s civil liberties while a giddy unpopular President George Bush and his highly voter despised rubber stamp Republican caucus held the gas can in bravado glee.
The world would be a better place if Bush was as an effective leader of the globe as he is at whipping the Congressional Democrats in legislative battles.
Twenty One Senate Democrats voted to give final approval today to broadening the government’s spy powers and providing legal immunity for the phone companies that took part in the illegal Bush wiretapping program.
OT: In today’s NYT, Thomas “Suck on This” Friedman expresses condescending disgust that the world sees U.S. jingoism as more problematic than say the behavior of Robert Mugabe. Glenzilla has posted a worthy response that concludes:
FWIW, Delay has not been indicted by the US DoJ. He has been under indictment by the Travis County, Texas (Austin) DA for sometime but has not gone to trail as yet. I have no idea why there is a Delay delay.
Yes, that is a problem. How is US “production” counted these days anyway? Does it include outsourced products?
At any rate I have this feeling that McDadddy McSame is going to try to run a retro campaign, with Lieberman whispering at his ear. One nation under Big Brother, playing duck and cover with duct tape singing Happy Days tunes.
FWIW, Delay has not been indicted by the US DoJ.
Yeah, I know. And the Statutes of Limitation roll on and on…
I have no idea why there is a Delay delay.
Nice line – heh-heh.
I just read the Chris Hitchens “waterboarding” article, like with one eye closed. It seemed like a disgusting “I’ve been there and done it” rationale for torture (last two paragraphs.) He’s taking his cue from Rumsflleld, “why I stand all day.”
Happy Days.
I am not a lawyer but doesn’t the SoL problem end when there’s an indictment? Which covers the Texas problem (I believe the indictments here are based on improper campaign contributions/financing).
But yeah, you’re correct on the federal level that it looks like the Bush DoJ is trying to run out the clock on this. Why am I not surprised that Delay might skate?
I’d say that you’re correct on all counts.
I think he’d turn foreign policy entirely over to Lieberman. You could pretty much count on a war with Iran.
Breaking News from MSNBC…
Bush asserting Executive Privilege in order to block the testimony of Michael Mukasey in the CIA Leak case.
Fuck – there’s no end to this guy’s arrogance and criminality. Let’s refer this matter immediately to DOJ for….
oh.
It’s a government transparency day at the lake, what with Senator Toobz and all. /snark.
Marcy’s on it here: Bush Invokes Executive Privilege to Shield Cheney’s Role in Outing Valerie Plame
AP here: Bush claims executive privilege on CIA leak material, Waxman delays contempt vote
I think Lieberman must drool over “24.”
start the nDAMN IMPEACHMENT NOOOOOOOOOOOOOOOOOOOOOOOOW!
It’s an executive privelege day.
No offense but aren’t you just reading in your hope that Obama will not be as bad as McCain? That’s quite a bit different from being an assertive, affirmative force for good.
I learned in 2000 that the lesser of two evils is light years better than the greater of two evils.
McCain wants to drill. Obama wants green – and he understands green’s connection to the economy.
very interesting interview (yesterday on democracy now!) with naomi klein on obama’s economic policies:
When Obama talks “overheated campaign rhetoric” on NAFTA and I get overheated myself.
yea. and the bit about “we can’t keep low-income people from being evicted, because we have the moral hazard of encouraging them to make bad loans” was pretty bad.
wishing doesn’t make it real. :(
Well Obama is a *cough* politician.
But the light years part I sort of agree with. In fact I am trying to make Greenwald’s Chomsky quote my mantra for this season:
NAFTA, sub prime mortgages, etc. is all about fixing the current debacle.
I’m talking about the future. Fixing is one thing. LEADING us into the future is the only thing that will make good econ. times return.
As I said, McCain wants to drill.
He *did* talk of “personal responsibility” a lot during the primary. Progressives were forewarned. Ex: during a debate. Obama is asked about education as are all the other candidates. Dodd has some good ideas, Clinton has some good ideas. Obama throws out some of the same sounding rehashed, and then changes course and talks where he seems comfortable: “there’s a problem with parental absenteeism, fathers, particularly black fathers should take more responsibility.” (?!?)
In my view parental absenteeism is directly linked to things like working 3 jobs, or no jobs, etc.
it all goes back to the economy, n’est pas?
Do we want a McCain economy or an Obama economy?
Do we want a Lieberman foreign policy?
LOL – that chomsky quote was my mantra in 2004.
Ian’s a couple of flights up with some not so bi-partisan advice on partisans
OK to critique. The elephant in the room that Obama doesn’t mention is corn based ethanol. He also talks about low emissions coal plants. That is still unproven technology. He talks about vastly increasing biofuels but again what is the trade off in their production, their competition with food crops, and their effect on global warming?
As for $15 billion a year, that is about one month of our wars in Afghanistan and Iraq. And is his venture capital plan part of this or on top of this? And is the idea that we foot the bill for research and development and venture capitalists get to make a bundle taking it and selling it back to us?
good point.