Saturday, April 26, 2014

Food Cost Increase After Obama

These are some of the things you may have seen advertised BEFORE OBAMA TOOK OFFICE!

Apples 49 cents for 3 pounds   Wisconsin 1963
Asparagus 19 cents per pound Wisconsin 1963
Bacon 79 cents per pound New Jersey 1966 
Bananas 19 cents for 2 pound   Maryland    1960
Bananas 10 cents per pound Wisconsin 1963
Banquet Frozen Dinners 39 cents Wisconsin 1963
Beef Chuck Roast 49 cents per pound Wisconsin 1963
Broiler Chickens 29 cents per pound Massachusetts 1965
California Grapes 14 cents per pound Massachusetts 1965
Cambells Soup 89 cents for 6 cans Massachusetts 1965
Carrots 15 cents per pound New Jersey 1966 
carrots 29 cents for 4 pounds Massachusetts 1965
Cheerios 25 cents per pk California 1961
Cheerios Cereal 28 cents per pk New Jersey 1966 
Chicken 29 cents per pound Wisconsin 1963
Colby Cheese 39 cents per pound Oregon 1963
Colby Cheese 39 cents per pound Wisconsin 1963
Corn 6 for 25 cents Florida 1960
Del Monte Peaches 29 cents per can      1960
Eggs 55 cents per dozen New Jersey 1966 
Egg Nog 69 cents per quart Massachusetts 1965
Fast Food Hamburger 20 cents New York 1962
Flour 49 cents for 5 pounds Maryland 1960
Fresh Carrots 9 cents per bunch Massachusetts 1965
Fresh Eggs 49 cents per dozen Maryland 1960
Frozen Chicken Pies 29 cents California 1966
Frozen Cod Fillets 33 cents per pound Wisconsin 1963
French fries, Birdseye, frozen 89 cents for 9 ounces New Jersey 1966 
Frozen French Fried Potatoes 10 cents for 8 ounces Massachusetts 1965
Gerbers baby Food 25 cents for 3 California 1966
Green Peppers 5 cents each Wisconsin 1963
Ground Beef 45 cents per pound Wisconsin 1963
Ham 39 cents per pound Wisconsin 1963
Heinz Catsup 28 cents Massachusetts 1965




8 comments:

Hell_Is_Like_Newark said...

Food hasn't gotten more expensive. Our money is just worth less:

1913: Creation of the Federal Reserve.

1933: FDR removes gold from circulation and devalues the dollar by raising the dollar to gold exchange rate.

1964: LBJ, after countermanding JFK order to begin re-introducing silver certificates, removes silver from our coinage creating the infamous 'Johnson Slug'.

1971: Nixon defaults on the dollar to gold convertibility as there isn't enough gold to back the amount of dollars issues (fractional reserves). The US dollar hence forth becomes strictly fiat in nature.

Anonymous said...

The Sainted newt conspired with the Fed and dept of economic statistics to change the way the CPI was reported. It is now meaningless as a measure of inflation. This was done to "save" Social Security and the expense of government pensions. It has worked wonderfully in keeping the old guard in office.

Helly said...

Mr. Newark is right: Food has never been cheaper in the entire history of food. There was a time when humans expended half of their calories just to gather and digest their food.

Inflation is good because it lets us take back government pensions in a non-violent way.

Cuzzin Rick said...

Helly is right ("never been cheaper" )from a Macro perspective. From a Micro perspective, however, in the U.S. food prices are rising (often due to Government Intervention and Engineering), while the purchasing power of the average American is declining (again, often due to Government Intervention and Engineering). Americans living in today's world are right to bemoan the rising prices that they are facing in their local grocery stores

Phssthpok said...

To expand on what Hell_Is_Like_Newark posted:

Look at the dates for those listed prices.

A $1000 'face' bag of pre-1965 (90% silver content) circulating coins (dimes/quarters) contains roughly 715 oz. of silver. This means that $1 'face' (four quarters, or ten dimes) contains .715 oz. silver.

Spot price for silver closed at $19.69 FRN's on Friday...let's call it 19.70 for easy math.

Take any one of those prices, and multiply it by 19.7 to get the equivalent price in today's devalued FRN 'money'.

Much as I'm NOT a fan of Obama, this isn't his doing.

LargeBill said...

"Inflation is good because it lets us take back government pensions in a non-violent way.
# posted by Anonymous Helly : 4/26/14, 10:18 AM"

Inflation also reduces the value of the pensions of those of us who retired from the military. However, assuming you're referring to other government employees, of all our government spending problems, earned pensions are the least of our concerns. At least on the federal level, that is. Back in the early 1980's pensions for most federal employees was changed to a 401k style Thrift Savings Plan. The bigger problem with "entitlements" are the pay outs people are not really entitled to receive. Food stamps, welfare, and other types of unearned direct assistance are constantly adjusted upwards to account for inflation.

Having said all that, we need to honestly review every element of government spending and decide if it is an appropriate expenditure of money confiscated from tax payers. Every area of government needs some cutting and some areas should be completely eliminated!

Anonymous said...

Radical Ron

That's B-S and you know it. C'mon, post some JUST pre-Obama prices for comparison.

Now don't get me wrong, I understand the down turn of EVERYTHING since Obama began his ( Pseudo ) presidency. But this sort of stuff just works FOR the Lib-O's - Let's be REAL in our comparisons of Pre-BO and since-BO. OK?

Anonymous said...

NEWBIE!

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