Monday, May 3, 2010

Woe is us, who could have seen this coming?

Americans saw prices rise two percent in the year to March according to the Commerce Department's personal consumption expenditures index published on Monday.

The figure, which is closely watched by the Federal Reserve as a sign of broader inflation levels, is approaching the maximum the central bank normally considers sustainable.

Energy and food costs rose 18.7 percent against March 2009, up almost four percentage points compared with February. More here:

Yes, and Obama and the Democrats have been printing money like it's going out of style.  Is that the problem?  Is this a big secret or something?  Decide for yourself.  Here's Milton to do the 'splainin'.

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