WASHINGTON (AP)---The World Bank delivered a stark warning of the impact of the rising cost of food Tuesday, saying an estimated 44 million people had been pushed into poverty since last summer by soaring commodity prices.
The group’s president, Robert Zoellick, says global food prices have hit “dangerous levels” that could contribute to political instability, push millions of people into poverty and raise the cost of groceries.“Global food prices are rising to dangerous levels and threaten tens of millions of poor people around the world,” Zoellick said. “The price hike is already pushing millions of people into poverty, and putting stress on the most vulnerable, who spend more than half of their income on food.” By Meredith Jessup. As the left-wing keeps pushing for a "revolution like Egypt's" there is one factor that will most likely turn the left-wings dreams of a revolution into reality. That factor is food prices inflating. Conservatives have been pointing to the rising food prices coming our way for some time now. The lefties said that inflation of food and gas wasn't coming. But the left also said that the bailout of GM and Chrysler would stop them from going bankrupt,that obamacare would bring down health insurance prices,that hiring Democrats to run our country would bring peace throughout the world and that the Stimulus I,II and III would fix our economy and put people back to work. If you have learned one thing over the years about the Democratic Party it's that they call it wrong more often then calling it right. Are you starting to see why only Clinton was the only Democrat to win two terms since Roosevelt?
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