Title: Rising Inflation and Increased Costs of Thanksgiving Dinner Raise Concerns Over Bidenomics
The Wall Street Journal editorial board published a scathing critique of the Biden administration’s economic policies, questioning the promotion of “Bidenomics” amid rising inflation figures. Despite claims of slowing inflation, the board argues that prices continue to soar, particularly affecting basic food items during Thanksgiving dinner.
According to the board, the cost of turkey and other poultry items has skyrocketed by nearly 30% when compared to November 2020 prices. Moreover, traditional Thanksgiving staples such as potatoes, rolls, and butter have also experienced significant price increases, further straining consumers’ budgets.
In addition, the price of gasoline has surged, with regular unleaded gasoline becoming 70% more expensive compared to three years ago. These hikes in prices have occurred simultaneously with a 5% decline in inflation-adjusted weekly earnings since 2020, putting additional strain on Americans’ wallets.
The Wall Street Journal editorial board suggests that the Biden administration’s low approval ratings should come as no surprise, given the economic challenges faced by the American people. Critics argue that the administration’s efforts to promote Bidenomics and lower inflation rates during the Thanksgiving period through a media campaign raise skepticism.
Critics have specifically questioned the administration’s claims of reduced gas prices, arguing that comparing them to Thanksgiving 2020 is arbitrary. Some liberal media pundits have contended that the overall cost of Thanksgiving dinner has actually slightly decreased, citing data from the Farm Bureau and the Bureau of Labor Statistics.
However, despite a momentary dip in prices during the COVID era, the board argues that the long-term trend is a consistent increase in the cost of Thanksgiving dinner, putting financial strain on families across the country.
As these concerns continue to mount, it remains to be seen how the Biden administration will address the economic challenges and growing skepticism surrounding Bidenomics. With Thanksgiving just around the corner, Americans are grappling with rising costs, prompting a closer examination of the policies driving these inflationary trends.
In conclusion, rising inflation numbers and increased costs of Thanksgiving dinner have raised concerns, with critics questioning the administration’s economic claims. As Americans face the strain of higher prices, the approval ratings for the Biden administration reflect the challenging economic climate. With the holiday season approaching, the impact of “Bidenomics” on everyday lives remains a subject of scrutiny and discussion.
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