Rising Food Costs Force McDonald’s to Nix the Dollar Menu
On today’s edition of Coffee and Markets, Brad Jackson is joined by Scott Lincicome to discuss McDonald’s nixing the Dollar Menu, how rising food costs contributed to that decision and why you pay nearly twice as much for staples like milk, butter and sugar than our friends overseas.
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Obama’s EPA Continues Handouts for Rich Ethanol Farmers on the Backs of Consumers
Nothing exemplifies the failure of Republicans to communicate more than the exit polling data regarding the public’s perception of the cost of living. A whopping 37% of voters selected ‘rising prices’ as their most important issue in the election, yet amazingly, they split their votes evenly between Romney and Obama. Hence, the arsonist behind the high prices for food, fuel, healthcare, and every other vital | Read More »
Voters Want Less Government. Will GOP Communicate to Them?
Amidst the torrent of polling data on an array of political races and policy issues, it is easy to lose focus on the central point of contention in today’s world of politics. The fundamental disagreement between the right and the left is over the proper role of government. The left feels that government should control virtually every aspect of our economy and our lives – | Read More »
Romney Must Cease and Desist From Ethanol Mandate
Earlier today, Mitt Romney unveiled his comprehensive energy plan he will pursue as president. Energy policy provides Republicans with their most potent weapon against Obama in this campaign. Nothing emblematizes Obama’s socialist, anti-prosperity style of governance more than his destructive energy policy compromised of a “none-of-the-above” approach. Well, none of the above except for green energy. To that end, Romney’s biggest ace in the hole | Read More »
Failed Leaders With Failed Agendas Always Blame The Speculators
It’s worth noting that, although the President of the United States hasn’t the power of Generalisimo Chavez, Pres. Obama’s attacks on speculators are just as politically opportunistic and economically ignorant – and potentially as destructive – as are any such attacks issued by Latin American dictators… – Don Boudreaux, Café Hayek. If anyone out there still needed a primer on why a Government-Centered Society was | Read More »
Sixty bucks for gas and Mickey Dee’s.
Permit me to establish some general, life-experience-style benchmarks for our current domestic economy. This morning, I went out to fill up the gas tank of the car, and treat my kids to some fast-food breakfast. Nothing fancy: the car does not take premium gasoline, and we’re talking breakfast sandwiches and a hotcakes and sausage level of drive-through. Here are the receipts. SIXTY DOLLARS.
Children Of The Corn – How Ethanol Damages America!
The market for ethanol is propped up by the Renewable Fuel Standard (RFS), a Soviet-style production quota. Conservatives should be appalled by this reversion to Stalin-era central planning. Should taxpayers have to subsidize ethanol too? – (HT: globalwarming.org) So let’s make a deal! I’ll give you a new source of fuel that has 1/3 the energy of your gasoline. In return for that, I’ll dramatically | Read More »
Hey Barack, Resign Now, and Now Means Yesterday
From the diaries by Leon… While our nation languishes amidst record food and energy prices, unprecedented underemployment (including those excluded from the workforce) and economic stagnation, crippling regulations, and an administration in contempt of two court decisions, the media would rather distract us with the Islamist uprising in Egypt. It is imperative that we keep up the pressure on Obama and the Democrats by denying | Read More »
Assigning blame for higher food prices.
Via Instapundit comes this story warning that restaurant food prices are about to sharply rise. The challenge for the government? Why, finding who to blame, of course. After all: can’t blame it on short-sighted conversion of corn crops into ethanol; the government’s pushing for even more use of ethanol, despite the objections of the auto industry. Can’t blame it on higher gas prices; the government | Read More »