The tiff began after economics reporter Sudeep Reddy criticized Palin's keynote speech at the Specialty Tools & Fasteners Distributors Association (STAFDA) trade show in Phoenix on Monday in a post on the Wall Street Journal's 'Real Time Economics' blog.
In her remarks, Palin blasted the Federal Reserve's decision to buy $600 billion in long-term U.S. Treasury bonds over the next eight months – a policy known as quantitative easing – in order to help jumpstart economic recovery. The move, Palin said, "deeply concern[s] her."
"Everyone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher. And it's not just groceries," Palin said in her remarks.
"Maybe it's time for Chairman Bernanke to cease and desist. We don't want temporary, artificial economic growth bought at the expense of permanently higher inflation which will erode the value of our incomes and our savings," Palin continued.
But in a post entitled, "Sarah Palin's QE2 Criticism Includes Inflation Hyperbole," Reddy took issue with Palin's analysis, saying, "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)."
Reddy's criticism prompted a harsh rebuttal from Palin in a Facebook post "Do Wall Street Journal Reporters Read the Wall Street Journal?
"Really?" Palin said in response to Reddy's dismissal of higher grocery prices. "That's odd, because just last Thursday, November 4, I read an article in Mr. Reddy's own Wall Street Journal titled "Food Sellers Grit Teeth, Raise Prices: Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies."
"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 said in the post.
But in a second post on Tuesday, Reddy cited Labor and Commerce Department data that he said indicates "overall food price inflation has been historically low for the past year." Reddy said that while some commodities prices have increased, retailers have been reluctant to pass those costs on to customers due to "weak demand, high unemployment and thrifty shoppers."
Reddy pointed out that the sentence Palin quoted actually said, "An inflationary tide is beginning to ripple through America's supermarkets and restaurants, threatening to end the tamest year of food pricing in nearly two decades."
"It does indeed report that supermarkets and restaurants are facing cost pressures that could push their retail prices higher – but it hasn't happened yet on a large scale," Reddy said. "Critics of the Fed's quantitative easing policy are focused primarily on concerns about potential future inflation."
Remember, if you voted for a Tea Party candidate you voted to keep this twit public. If they wouldn't have won ANYTHING she MAY have gone away dragging her tail behind her.
And then there are so many Americans believing this woman should be president. Can't you just see her elected.? One year into her presidency, she will resign to allow her VP Rand Paul to take over!!!! Yes, the end is coming..... LOL
if she gets elected to run for president, obama is going to take a second term.....
Palin is always one quick to criticize Pres Obama for his use of the teleprompter.
I want to meet her speech writer!!
All anyone has to do to shut her up is to out in a debate forum and, well we know what happens next. She self implodes.
So, instead of writing about what she says, which is scripted lets give her what she wants. A national audience with all the people she twits about and let see how well she responds.
Shes a bully behind her BlackBerry.
"Really?" Palin said in response to Reddy's dismissal of higher grocery prices. "That's odd, because just last Thursday, November 4, I read an article in Mr. Reddy's own Wall Street Journal"
We know this is a big ol fat LIE. Everyone knows that Caribou Barbie cannot read.
Since when did Half Gov. Palin's speeches ever have anything to do with the truth or facts? Truth, facts and Half Gov. Palin have nothing in common. All of her big warnings were and are lies, remember the death panels? The bigger problem here is that so many of her uninformed followers believe everything she says when with just a little, one little Google would tell these people that once again she lied. But that seems to be too hard for these people to do or understand. Half Gov. Palin's goal has been to dumb down America to her level and I'm afraid she has succeeded.
The repos just keep mouthing off with the ususl hate and malice. Why argue with Palin anyone with a brain realizes she dosen't have one. This woman took 6 years to ge through a 2 year college cours she know economics???? Not!
What do you mean leading to inflation? Haven't any of you noticed the 20 to 30% price increases at the supermarket? If you lived through Carter's era then you already know what is coming down the pipe, only this time it will be times 10! I am with Donald Trump on this one, China is playing us like a piano...trade war and bring manufacturing of goods back to America. Get rid of the onerous EPA and streamline industry regulations to be affordable, green and efficient, green is great as long as you can eat it!
Dear CNN: Why do we have to have a headline every time Sarah Palin blows her nose?
Palin does not know about the world nor about the economy....she is speaking to the illiterate who never wanted to sit and listen to professors teaching economics 101.
What? Palin using a little trash-talk? Outrageous!
Why does anybody pay attention to this no-brain publicity hound?
"PALIN PUTS SCIENTIFIC WORLD IN A SPIN" will be tomorrow's headline. She has demostrated signs of intelligence. She either has learned to read or she has made enough money to employ people to read to her. If it were not for the fact that it would be an insult to IDOTS for me to classify her as an IDIOT, I would do it, however, since she has yet to reach the level of intelligence displayed by IDIOTS , I will refrain.
As an engineer, I can't believe that a professional correcting a serious factual mistake in someone reading his or her work is somehow taken as a personal an attack on the person making it. Or that the persona making the mistake should respond in such a manner. It defies all reason.
Hey everyone look, CNN goes along with the puppet master to force Palin on us so we are brainwashed to think she is the only viable Republican to run in 2012. On noes!!!
Dangerous Stupidity, just dangerous. Ok, she "read" a newspaper headline. Maybe in another three years, she can try reading the whole thing. Three years after that, she can try understanding the content. By then she won't be considered "cute" and she'll disappear. When will the Right Lunatic Fringe quit presenting lies as the truth?
Sarah Palin, please, go back to college and study U.S. History, Economics and Political Science. You are really in need of training in critical thinking skills, writing skills and logical speaking skills. Please, go back to Alaska and finish raising your children.
Please, please Sarah, get nominated in 2012! I can't wait until the televised debates with the current Commander in Chief!
Her 15 minutes are up...somebody please tell her to go away!
Too bad someone wrote that speech for her and she couldn't rebuttal herself out of a wet paper bag.
Good for this guy for calling out Dumb Sarah! The ignorant bimbo thinks people are supposed to roll over just because the ignorant twit of Alaska tweeted about things she knows nothing about?
the pitbull with lipstick is a narcisist and actually beleives anythng she says...like most cultures led by a narcisistic bully, fools continue to listen to her and sadly also beleive her. it's a sad day for america when that is what is out there for the fool masses desperate for "leader."
Palin has to use the internet because she can not come up with an answer if confronted. This way she can hide behind her blog and find answers . She is so stupid that listening to her is painful Does ANYONE UNDERSTAND HALF THE STUFF SHE SAYS OR THE WORDS SHE MAKES UP TO DISCRIBE THEM?
She seems to lead a charmed life. She cost McCain the Presidency yet has become the darling of severe Republicans So I guess maybe, just maybe she can pick a fight with the Wall Street Journal and not lose the support of the business community. That is the problem, if you don't read them I guess one New York paper is the same as any other. Sure Sarah, pick a fight with the Times that will be red meat for the red staters but alienate the hand that feds your party.....well if anyone can get away with it I guess it is you.
Of course big shot Journal you would hit back. We all know you a Democrat Journal. HURRAY for a woman like Palin who calls it as it is. Next President 2012. Finally an honest person in the Oval Office. There is no denying she is an American all the way. She also has a brain unlike the zoo monekeys.
" ...keynote speech at the Specialty Tools & Fasteners Distributors Association (STAFDA) trade show in Phoenix"
Well, ya made the bigtime at last ...
//into a wall