Sarah Palin thinks monetary policy under Obama has been inflationary, and will continue to be, here:
"Predicting the future has never been easier because here we are! Already we see higher taxes, a stagnant economy, the same inflationary monetary policies, Obamacare looming like a dark cloud over small businesses, yet another demand for 'debt ceiling' increases, continued stonewalling about the tragic Benghazi attacks, a Secretary of Defense nominee who has a history of being antagonistic to our ally Israel, and the attack on our Second Amendment rights by an administration that has no respect for the Constitution or the separation of powers."
Let's see.
The CPI level was 174.2 in November 2000. In November 2008 it was 213.074. And in November 2012 it was 231.025.
That means under eight years of George W. Bush inflation was up 22.32%, for an annual factor of 2.79.
Under four years of Obama inflation was up 8.42%, for an annual factor of 2.11.
The difference between the two is that under Obama the rate of CPI increase has been reduced almost 25% compared to Bush.
It should stop being an article of conservatism to ignore the difference, because insisting on being wrong about it won't help sell the other points.
