Yesterday John Boehner tried to claim that President Obama "doesn't give a damn about the middle class". Now let's look at who really doesn't "give a damn".
First, get ready. You are going to see your grocery bill go up even more. The cause is something that no party can control, the weather:
Corn prices are now north of $8.10/bushel, a new record high.
This is above the previous record of $7.99 in July 2011.
A historic drought has caused corn crop yields to shrink and prices to explode higher.
Some form of corn or refined corn goes into countless types of goods. Eventually, this could hit producer and consumer prices.
Corn is used in all kinds of food, mostly in the form of corn syrup. But it's not just corn either:
The price of soybeans hit an all-time high Wednesday as a devastating heat wave continued to pound crops in fields.
Soybeans for August delivery rose 44.5 cents, or 2.7 percent, to finish at $16.835 per bushel. Wheat prices ended at the highest level since the spring of 2008 and corn prices are pushing toward their all-time high set in June 2011.