Palin attacks the WSJ...

[Mr. Big Dog 10,747]

Sarah Palin Takes Aim at the Wall Street Journal

In a statement posted on her Facebook wall on Monday, Sarah Palin took aim at a new enemy - the Wall Street Journal - after the newspaper disputed factual evidence behind statements she made about the Federal Reserve during remarks earlier in the day.

"Do Wall Street Journal Reporters Read the Wall Street Journal?" Palin wondered, in the headline of her Facebook post.

"Ever since 2008, people seem inordinately interested in my reading habits. Among various newspapers, magazines, and local Alaskan papers, I read the Wall Street Journal," Palin writes. "So, imagine my dismay when I read an article by Sudeep Reddy in today's Wall Street Journal criticizing the fact that I mentioned inflation in my comments about QE2 in a speech this morning before a trade-association."

The article questions the veracity of Palin's remarks that "everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so," and argues that, while recent moves by the Fed have drawn a fair amount of political criticism, the former Alaska governor "tries to draw the concerns about quantitative easing to inflation today and falls short."

Reddy writes:

Grocery prices haven't risen all that significantly, in fact. The consumer price index's measure of food and beverages for the first nine months of this year showed average annual inflation of less than 0.6%, the slowest pace on record (since the Labor Department started keeping this measure in 1968). Even if you pick a single snapshot -- say, September's year-over-year increase in prices -- that was just 1.4%, far better than the 6% annual increase for food prices recorded in September 2008.

Reddy continues that in September 2010, the overall consumer price faced "the slowest annual inflation rate for September since the early 1960s," other than in September 2009, when prices were actually down. "That's not strong evidence to argue about rising prices today," he writes.

In her response to Reddy's piece, Palin cited another story from the Journal as evidence that inflation had indeed caused rising prices at the supermarket. "The article noted that 'an inflationary tide is beginning to ripple through America's supermarkets and restaurants...Prices of staples including milk, beef, coffee, cocoa and sugar have risen sharply in recent months,'" Palin argues in her post.

CBS News political analyst John Dickerson points out, however, that Palin and the authors of article she cites as proof of her point are referring to different time periods: Palin's remarks argue that "everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so." But the article states that the "inflationary tide is beginning."

Dickerson also notes that Palin uses the word "significantly" when referring to price hikes over the course of the past year -- but points out that during the first nine months of the year, grocery prices actually increased at a record slow pace.

"Even if it's just the last couple of months she's talking about, a term like 'moderate' might have been more precise," says Dickerson. "Recent price increases have not been like the six percent increase of 2008."

"Do Wall Street Journal Reporters Read the Wall Street Journal?"

Yes, Sarah, they do. And unlike for you, for them it's not a complete waste of time. They actually understand what they're reading.

Edited November 9, 2010 by Mr. Big Dog

[^_^ 5,021]

Yes, Sarah, they do. And unlike for you, for them it's not a complete waste of time. They actually understand what they're reading.

Touché

[The_Dude 1,142]

Seriously, she should get back to the fry machine.

[Mr. Big Dog 10,747]

Seriously, she should get back to the fry machine.

Misogynist!

[Obama 2012 1,714]

Significantly is a matter of personal opinion/what they see.

If you want to get technical, Palin is right (my god did I just say that????). Prices have gone up greatly this year.

If you're middle class, you may not know it, but those pennies across a multitude of items add up very quickly for lower income individuals.

The problem being here, is that all of this is being caused by the FED......

[Danno 1,228]

Seriously, she should get back to the fry machine.

Just admit it, you are trying to marginalize another successful woman with power.

PSST: This type of thing is not going to help you win back all that you have lost.

[Mr. Big Dog 10,747]

Significantly is a matter of personal opinion/what they see.

If you want to get technical, Palin is right (my god did I just say that????). Prices have gone up greatly this year.

You are sharing Sarah's handicap.

...in September 2010, the overall consumer price faced "the slowest annual inflation rate for September since the early 1960s," other than in September 2009, when prices were actually down.

...during the first nine months of the year, grocery prices actually increased at a record slow pace

Edited November 9, 2010 by Mr. Big Dog

[mawilson 2,133]

Well, the fact that the core CPI excludes food and energy - the most visible prices for most consumers - is a little misleading.

[The_Dude 1,142]

Significantly is a matter of personal opinion/what they see.

If you want to get technical, Palin is right (my god did I just say that????). Prices have gone up greatly this year.

If you're middle class, you may not know it, but those pennies across a multitude of items add up very quickly for lower income individuals.

The problem being here, is that all of this is being caused by the FED......

Actually, the reference in the article is about prices of groceries which have increased by 0.6% but prices have not yet been passed on to the consumer. She misquoted him either because it is a concept beyond her intellect, or because she was cherrypicking the quote to suit her point.

Palin has a journalism degree, so I'm guessing she knows what an ethical no-no it is to misquote somebody like that. It ought to be awfully hard for her to get on her pedestal and condemn the media when she can't even quote somebody honestly.

Source

Just admit it, you are trying to marginalize another successful woman with power.

PSST: This type of thing is not going to help you win back all that you have lost.

Danno, your ignorance knows no bounds. Nice try though. Get back to me when you have something substantive to actually contribute beyond your usual bullsh!t and half truths.

[Obama 2012 1,714]

You are sharing Sarah's handicap.

...in September 2010, the overall consumer price faced "the slowest annual inflation rate for September since the early 1960s," other than in September 2009, when prices were actually down.

...during the first nine months of the year, grocery prices actually increased at a record slow pace

obviously you're handicapped and can't read what I posted on how it effects lower income consumers.

Edited November 9, 2010 by Paul and Vanessa

[Danno 1,228]

Danno, your ignorance knows no bounds. Nice try though. Get back to me when you have something substantive to actually contribute beyond your usual bullsh!t and half truths.

You mean something like-

Posted Today, 11:52 AM by Rob & Mel.

"Seriously, she should get back to the fry machine."

(do you even notice what you post?)

[The_Dude 1,142]

You mean something like-

Posted Today, 11:52 AM by Rob & Mel.

"Seriously, she should get back to the fry machine."

(do you even notice what you post?)

Danno, you might not look quite so foolish all the time if you actually took time to read things. Well, I suppose that would require some level of comprehension as well. Oh well. Back on topic. What I said was an indictment of Palin and her lack of intellect. Ignorance is bliss for you I suppose Danno.

[Mr. Big Dog 10,747]

obviously you're handicapped and can't read what I posted on how it effects lower income consumers.

No, Paul. You (same as Palin) claimed that prices have gone up greatly (or significantly to put it in Palin's terms) this year while the fact of the matter is that prices have risen at a record slow pace. There's no truth in the claim whether Sarah makes it or you parrot it.

[Obama 2012 1,714]

No, Paul. You (same as Palin) claimed that prices have gone up greatly (or significantly to put it in Palin's terms) this year while the fact of the matter is that prices have risen at a record slow pace. There's no truth in the claim whether Sarah makes it or you parrot it.

Too-may-toe - Too-ma-toe

It's all relative. What's not 'significant' to you, very well might be to someone else. That's the point.

While $0.15 on a loaf of bread isn't a big deal, add that $0.20 to 30 items and that's $24 out of a low income individuals pocket. That's the difference in being able to fill your car up for a week to get to work. That IS significant.

[Mr. Big Dog 10,747]

It's all relative. What's not 'significant' to you, very well might be to someone else. That's the point.

No, Paul, it isn't. To make a valid claim that prices have risen significantly, you'd have to be in a time where that is actually occuring. the past year hasn't been that time. With the exception of 2009 which offered some corrections to the significant increases of 2008 (remember when gas was $4.00 a gallon and food prices went through the roof due to the higher cost of transporting them?), there hasn't been a time in this country in the last 5 decades where prices have risen as slowly as they have over the last year.