Showing posts with label stagflation. Show all posts
Showing posts with label stagflation. Show all posts

Tuesday, January 23, 2024

Inflation 1973-2023 in my recipe box

Today I was looking through my recipe box (sort of a historical archive now since I rarely bake) for something cobbler like/lite and found a recipe for cheesecake that serves 12 by my cousin Judy who lives in Winnebago, IL and grew up in Byron. It was dated August, 1973, so I have no idea why we were exchanging recipes. Our big family reunion was 20 years later and for that she contributed some from her mother, Aunt Gladys (d. 1976). Anyway, I'm not going to make a cheesecake, but on the back of the card I noted the prices. Things have changed a bit in 50 years. Pie filling (for topping) .59; Dream Whip .26; graham crackers .23; cream cheese .55. It seems I didn't count the sugar, eggs, and butter because I probably had that on hand (called homemaker math). It's in my handwriting, so I probably copied it to fit in this tiny box for 3 x 5 cards.

Some on FB are old enough to remember the nightmare of stagflation of the 1970s--high inflation, high unemployment, and low growth. In 1973 the average rate of inflation for food prices was over 13%. In August 1973 when I noted the prices, the food inflation rate was 18.2%! That may be why I noted the costs on the card. Compare that to 2023 food prices which was 5.8% for the year. The killer rate we all remember (and blame Biden for) was about 10% for 2022. I blame this primarily on the lockdown which really messed up all levels of the economy as well as health.


Wednesday, October 29, 2008

Obama and the Courts

All courts will of course swing to the left under an Obama presidency. He has made it very clear that when he vows to uphold the Constitution as President, he will be lying. He has been absolutely consistent from his dope smoking days to the smoking of Democrat dopes in the primaries to get their votes. He believes the U.S. Constitution is at fault for not providing a socialist, marxist template for social change, that the Founding Fathers were wrong in limiting the role of government in the lives of the citizens of the newly formed country, and that the country needs to be free from unfair competition (or any competition if you read between the lines).

The last time we had three branches of the federal government marching in lock step were the Johnson and Carter years. We got the War on Poverty and the Great Society with Johnson and stagflation with Carter (high inflation, high unemployment, stagnant growth). The 1964 Civil Rights Act was a spring board for blacks into the middle class. The War on Poverty which cost trillions, however, helped create an underclass of poverty and crime that is stubbornly resistant to change but which feeds every black candidate's election coffers. Yet the Democrats have never been happy, no matter how many trillions are spent, even when Republican presidents extend the programs so they can keep their cushy jobs.

Meanwhile, our liberal policies have killed millions of unborn American citizens. Our hysteria over the potential death of a bird caused premature withdrawal of DDT from the international market (after our own swamps were cleaned up) and more Africans have died as a result of a "liberal" environmentalist testifying before Congress than were killed by the Spanish, Portuguese, French and English during the transatlantic slave trade with the Arabs in Africa.

Under liberalism, several generations of young black men have grown up in prison because we stripped them of their manhood through government handouts to their mothers and girlfriends, never expecting them to get a job or get married and take care of business. Glorification of the gay lifestyle and focus on their civil rights rather then the disease eating up and spitting out their community have helped spread horrible diseases, destroying the lives and immunity of millions of gay men.

The chickens have really come home to roost on the liberals' 1970s feel good programs of finding the American dream for all Americans, regardless of their credit-worthiness or desire to live like white folks do. All the better to push them out of their neighborhoods into suburbia making the valuable central city land available for development by capitalists, who are never shy in finding opportunities the liberals create for them. The non-profit, ACORN clones gobbled up the grant money that each succeeding administration, regardless of party, pushed through Congress for approval. Even Bush waxed eloquent with words praising the growing housing bubble--and there was money pouring in from all over the world to buy these bundled, toxic funds.

Whether you call it the New Deal, the War on Poverty, The Second Bill of Rights or the Great Society, it's just one more toxic bundle of programs which will help destroy our liberty and economy.