Bu$hCo may have a hard time grokking why Americans continue to feel depressed about their personal economic situation...
...but that's because The Decider doesn't have to buy his own eggs or milk for his kids. The graphic pretty much tells it like it is
Yo George...95 in 100 Americans don't have enough invested in the stock market to worry about its ups and downs, but no orange juice? Get a clue, dumb ass!
I knew something was up. I've been bitching like crazy since Starbucks raised it's prices by $0.09 cents a cup. Does anyone else thing this is pure unadulturated greed on the part of food producers? I'm just not buying that "higher fuel" excuse anymore.
John Howard has all the answers for George on this one, He says the current credit crisis shows how great the government economic management is.
"Yo George...95 in 100 Americans don't have enough invested in the stock market to worry about its ups and downs, but no orange juice? Get a clue, dumb ass!"
Very well said Kvatch!
I heard an older woman say the other day in a grocery store that she has to budget what she eats per day... she lived alone.
Nothing's goin' up, like my rage is
Everything's going up, except my wages
Fashiongirl... Paul McCartney probably decided to charge them an extra $1M to pimp his latest CD, and they're recouping it through your latte.
Cartledge... Really. Damn I hate to see Howard's idea of bad economic management.
Yeah, Kvatch, but would you really buy music from the guys who "dumbed down" espresso with automated machines?
Let's Talk... Though I'm not sure how closely people track their food expenditures, I'm sure that after a month or two it really starts to hit home.
Lew... I think that everybody that's not in high finance is seeing their wages stagnate.
Lew, that is a superb summary. Thank you.
It's not just food, either. I offered to take my step-kiddo for back to school shopping so started noticing all these sales; where the sale price is $5 more than the normal price of a couple years ago!
Though I'm not sure how closely people track their food expenditures, I'm sure that after a month or two it really starts to hit home.
Exactly. My wife and I, as a general rule, tend to put more emphasis on how healthy the food is as opposed to the cost - we'll pay more for organics, local growers, etc. - but after a month or so, you DO notice it, especially with milk and eggs. Now, if I can just get my kids to eat less until the magical free-market trickle-down hits us....
" And now the BAD news" Ha! Is there ANY good news?
Michael... Yeah, without a car, the gas price issue doesn't really hit me, but I've noticed the whopping increases in our public transit costs here. Guess I'll have to walk more.
Randall... The Frogette and I figure as long as we're shopping and not getting take-out, cost is irrelevant, but at some point that is no longer the case. Beef has been particularly bad here.
Mary... Nope. All the good news I could come up with was posted yesterday, but not to worry. This afternoon we'll be doing a 'Kocktail Hour'.
It also explains why consumer sentiment is down in the latest survey. Bush doesn't understand because he lives the lifestyle of the rich and famous. An increase in food prices or gasoline won't crimp his lifestyle one iota. "Dumb ass" was too flattering.
Those increased numbers are going to look good this time next year.
Kathy... "Lifestyle of the rich and clueless," more like it. ;-)
1138... I hope that you're wrong about that, but alas it's just the kind of ploy I can see the 'Thuglicans pulling just to try and make the Democrats in congress look bad.
This one's simple. I predicted it when the minimum wage "increase" passed (although it took no insight). Stores began increasing their prices immediately (foregoing the tried & true "creeper" game). They're not going to take the hit on their payroll. The consumer will pay for those increased wages (and much more- OH WHAT AN OPPORTUNITY!). Take it and like it.
Dead net bottom line profits at the retail level have already increased significantly.
Hell, I remember back in the 70s when I operated convenience stores and realized I could do the "round to 5s & 9s" (mostly 9s) on the SRP and increase the overall invoice GPM by 13 or 14%! I got lots of gold stars. Even the discount outlets have figured this one out now.
The consumer will pay. The consumer has no choice because it is a conspiracy!
Chuck... I'm wondering how long (and I think that Fashiongirl mentioned this) "fuel cost" mantra is going to hold? We've been seeing this in spades out here, but retail fuel costs are going down.