RICHARD FERNANDEZ: The Attack Of The Cash Register.

President Obama’s support among blacks and Hispanics has fallen to new lows according to a Gallup poll. Black support declined by 7% and among Hispanics by 11%, farther than at any point since his inauguration. Gallup says “it is not clear what is behind blacks’ and Hispanics’ less positive evaluations in March than in prior months. The major events of the month were the U.S. involvement in military action in Libya and the negotiations over the federal budget.”

But there’s another possible reason besides Libya and the deficit: inflation, starting with energy prices. . . . The poor, the elderly, and minorities are being hurt, not just by energy prices, but across the board.

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