Friday, February 20, 2009

Implausible

Life is busy enough these days without taking time to pay much attention to the economic nonsense coming from Republicans these days. But I found I just couldn't ignore this tidbit from Dave Burris at DelawarePolitics:
Can't decide whether I should go with "It's Just the Beginning" or "Who Didn't See This Coming?"
Wholesale inflation takes biggest jump in 6 months
The link takes the reader to
this story on the January wholesale inflation numbers:
WASHINGTON (AP) -- Inflation at the wholesale level surged unexpectedly in January, reflecting sharply higher prices for gasoline and other energy products.
The biggest jump had to do with energy prices:
The acceleration was led by a 3.7 percent surge in energy prices with gasoline prices jumping by 15 percent, the biggest gain in 14 months.
I infer from the brief post that Burris imagines that the January numbers are in some way the result of the policies of President Obama. Let's think about that one for a moment.
The report is for the month of January. Barack Obama took office on January 20. The stimulus package was passed last Friday, and signed into law on Tuesday, February 17. Even though the bill is intended to get money flowing as quickly as possible, I am not aware that any money has actually been spent yet.
Am I missing something? Have the laws of economics (or physics for that matter) been altered to allow for later events to affect prior measurements? Are we stuck in some weird time/space vortex?
Dave, whose pronouncements on economics tend to toward the bumper sticker variety, neglected to identify an economic mechanism that could possibly attribute the January inflation results to the actions of our new president.
I imagine Republicans like Burris will continue to criticize Obama’s economic policies over the next 47 months. That’s what opposition parties do. But perhaps he could try a little harder to give his arguments the ring of plausibility.
Update: Dave Burris comments that he had the Federal Reserve in mind, not President Obama in his post. As for my inference, I went back to November, and couldn't find a post at Delaware Politics criticizing the Fed, though I found plenty of posts criticizing Obama's economic policies.

6 Comments:

Anonymous Anonymous said...

The guy has been wrong about everything for at leats the past 8 years (probably longer).

I doubt that the desire to sound plausible enters his mind.


Jason330

9:57 AM, February 20, 2009  
Anonymous FSP said...

You inferred wrong. I was referring mostly to the Fed.

You care to comment on my other post?

10:22 AM, February 20, 2009  
Anonymous Anonymous said...

See?

Jason330

10:29 AM, February 20, 2009  
Anonymous Maria Evans said...

"Can't decide whether I should go with "It's Just the Beginning" or "Who Didn't See This Coming?""

That was the entirety of the commentary on that post, there is no mention of Obama or the stumulus package.

Then there's a link to a news article that, like the post, doesn't mention Obama OR the stimulus and it's a Yahoo article, so it isn't even from a sketchy, partisan news source.

I'm not sure how this warrants a seven paragraph finger pointing at a fellow blogger.

11:04 AM, February 20, 2009  
Anonymous Reality Check said...

How's that wind project working out for you wonkweasel?

No one should let a moment of their time be wasted listening to this moron.

12:27 PM, February 20, 2009  
Blogger Photzoner said...

Seed of Responsibility


If the Democrats manage to succeed
into turning our one great nation around
to then restore our pride and not our greed
we will have come away from fright abound.
Failures, of last eight years have we agreed
A seed of fear was planted in the ground
to help a plan of ignorance succeed.
Long will the albatross sing a sad sound
for those who believed in a war of need.
We hold this accountable and surround
ourselves with a reason to fight and plead
awaken the work ethic once we crowned.

Wake up Delaware, in this time of need
hold our future firm with a new kind of seed.

-Toad 2.17.09

10:40 AM, February 27, 2009  

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