Republican presidential candidate Rudy Giuliani had a little trouble answering some practical economic questions the other day at a campaign stop in Alabama. Apparently, a reporter quizzed the former New York City mayor on his knowledge of prevailing food prices. Giuliani’s answer, quoting from an article on
Fox News:
“A gallon of milk is probably about a $1.50, a loaf of bread about a $1.25, $1.30.”
The article went to state that:
A check of the website for D’Agostino supermarket on Manhattan’s Upper East Side showed a gallon of milk priced at $4.19 and a loaf of white bread at $2.99 to $3.39. In Montgomery, Alabama, a gallon of milk goes for about $3.39 and bread is about $2.
Don’t feel bad, Mayor Giuliani, I would have trouble with those questions too (and I have a degree in Economics). I don’t drink milk and I often buy bread in a specialty store rather than at my local supermarket. Add the fact that I dislike grocery shopping and I would have failed the pricing quiz too.
1 comment:
I WISH Rudy was right. I'd love buying milk for $1.50.
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