Monday, August 18, 2008

The Worst Recession Since the Great Depression

Todd G. Buchholz in The Great Depression Hoax published in The Wall Street Journal:
[...]Sure, we gripe about higher food prices and shaky home prices, but we are still living "La Vida Latte," lining up every morning before a barista and otherwise indulging in the imperatives of the good life. Yes, the share price of Starbucks has sunk of late, but Americans spent more, not less, at Starbucks last year than the year before. And if you add premium coffee sales at McDonald's and Dunkin' Donuts, the growth rate of this liquid luxury has soared. I should point out that the price of a Starbucks latte is about $1,200 a barrel.[...]
C'mon, Congress, punish Big Latte. For the children!

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