Skip to content

The Economy: Okay, NOW It’s Serious.

October 29, 2008

It was bound to happen, though I didn’t want to believe it ever could.

McDonald’s is jacking up the price of the Double Cheeseburger to $1.19 — AND they’re taking away a slice of cheese while they’re at it.

“It’s really hurt the profitability of the items on the dollar menu, even though it’s driving traffic to the restaurants,” said Morningstar Inc. stock analyst John Owens. Analysts have been expecting a price hike for the double cheeseburger, the company’s best-selling U.S. sandwich.

Damn you, Greenspan.

No comments yet

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: