Bidenomics: Fact Or Fiction? The Thanksgiving Price Game And The Reality Of Rising Costs

Written By BlabberBuzz | Tuesday, 21 November 2023 23:10
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The economic policies of President Joe Biden, often referred to as Bidenomics, have been criticized for causing a rise in the cost of living, affecting everything from food to housing.

This criticism has been amplified by the administration's insistence that the economy is in good shape, a claim that many Americans find hard to believe.

In a recent press briefing, White House Press Secretary Karine Jean-Pierre presented a food menu, arguing that this year's Thanksgiving was one of the cheapest ever. This claim was met with skepticism, as many Americans have experienced the opposite, with rising prices affecting their daily lives.

According to the official White House transcript, Jean-Pierre stated, "Just in time for holiday travel, gas prices are down $1.70 from their peak, airline tickets are down 13 percent over the last year, and car rentals are down about 10 percent." She also claimed that grocery inflation was at its lowest level in over two years, with prices for eggs, milk, bacon, and fresh vegetables lower than last year.

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The Press Secretary further argued that the cost of a Thanksgiving dinner had fallen this year, citing the American Farm Bureau's report that prices for turkey, stuffing, peas, cranberries, pie crust, and whipping cream were down.

However, critics argue that this is a misleading representation of the economic situation. They point out that while prices may have decreased slightly from their peak, they are still significantly higher than when Biden took office. For example, the American Farm Bureau Federation's annual survey found that a traditional dinner for 10 people costs $61.17 this year, up from $53.31 in 2021. Although the price has decreased from $64.05 in 2022, it is still 25 percent higher than in 2019, when the meal cost $48.91.

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Jean-Pierre's claim that the Biden administration has made significant strides in eliminating junk fees was also met with skepticism. Critics argue that such measures have little impact on the overall cost of living. Furthermore, attempts to blame Republicans for the economic situation were seen as deflecting responsibility.

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This is not the first time the Biden administration has been accused of misrepresenting economic data. In previous years, they claimed that the cost of a Fourth of July barbecue had decreased, a claim that was met with public backlash.

Despite the administration's attempts to paint a positive picture of the economy, recent polls suggest that many Americans are not convinced. A recent NBC poll found that only 38 percent of respondents approved of Biden's handling of the economy.

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