Inflation climbs to 3.6% in May. Palin was right!

Sarah Palin has been warning us that Ben Bernanke's policies at the Federal Reserve have been wrong.  Now, thanks the QE2, inflation is taking off, just as Palin predicted. 

From Commonsense and Wonder

On June 15, the Bureau of Labor Statistics released the inflation data for May. If you didn't hear about the new data, you are not alone -- the mainstream media buried the story. Why? Inflation hit 3.6% in May, even though gasoline prices actually fell that month. Inflation has been rising since November, as shown in the graph below:

These rising prices were largely caused by Federal Reserve Chairman Ben Bernanke's rapid expansion of the U.S. money supply, known as QE2 (Quantitative Easing 2). But inflation wasn't supposed to get this high. Back in November, Bernanke told his fellow central bankers that the Federal Reserve's Open Market Committee (FOMC) was aiming for an inflation rate no higher than 2%....

Back in November, Governor Palin took on QE2 and President Obama's defense of it. Her predictions have turned out to be correct. When making her case against QE2, she argued that it could cause inflation, but would not much help U.S. net exports and business investment, the two factors needed to grow the U.S. economy.

Palin was right about Obama, the economy, health care, inflation and even the effects of QE2 but still the "smartest people in the room" will not listen.