Friday, January 14, 2011

Bankers thank us for bailout with higher food and fuel costs

A year-end surge in gasoline prices ratcheted up consumer inflation expectations to their highest in more than two years, according to the latest data from Thomson Reuters and the University of Michigan.

Perhaps they'll throw in some new hostilities toward China as a bonus, on the basis that they're supposedly driving up demand, when the real cause is all those baseless bailout bucks being plowed into anything of real value, including that most useful tool, Congress.