Joe Biden’s reckless mismanagement of the American economy continues to get worse by the day.
And with inflation continuing to spiral out of control, it’s affecting America’s holiday traditions.
Now, one shocking inflation figure just set a brand new low for Biden’s failed record.
Joe Biden may end up being the politician responsible for ruining Thanksgiving, according to a new shocking report about the state of inflation in America.
With the erosion of the US Dollar brought about thanks to years of endless money printing and reckless Federal spending, Biden has done nothing to combat the effects of generationally high inflation.
In fact, Biden’s policies have actually made inflation significantly worse, thanks in large part due to his relentless spending of trillions of dollars that the Federal government simply does not have.
But now, the bill is finally coming due for years of reckless Federal fiscal and monetary policies, and the American people are paying the price.
And this year, one of the casualties of the highest inflation in 40 years may end up being the long-held tradition of the family Thanksgiving dinner.
CNBC reports, “With grocery prices up sharply from a year ago, Thanksgiving is hitting households a lot harder this year.
Per-pound prices for turkey, the holiday’s biggest staple, are up 17% year over year, according to the latest inflation data. Turkey is forecast to be 23% pricier in the fourth quarter due to both inflation and avian flu, which has reduced supply, according to a separate report by Wells Fargo.”
The figures outlined here are incredible.
Despite official claims that inflation as a whole is only up less than 8% this year compared to last year, the true scale of inflation under Biden is largely hidden between the lines.
And when breaking down the rising costs of individual goods that make up a traditional Thanksgiving meal, the effects of Biden’s reckless policies become clear.
But it isn’t just turkey that is skyrocketing in price. Other basic foods are also experiencing double-digit price increases.
“Other key ingredients rose even more: Eggs are up 43%, butter is nearly 34% higher and flour is up about 25%. Fruits and vegetables notched more moderate increases but still cost almost 10% more than a year ago,” adds CNBC.
The consequences of these skyrocketing prices means that, according to one analyst, “Americans may actually find value in eating out” for the holiday season as “What is considered a luxury experience is more of a value experience this year.”
For generations, Americans have enjoyed Thanksgiving dinner at home with their family.
But this year, there’s a chance that over a century of traditions could end up being torn apart thanks to the rising cost of even the most basic foods that make up a regular Thanksgiving dinner.
This comes in spite of the fact that the recent report by Wells Fargo shows that the vast majority of Americans wish to continue serving Thanksgiving dinner the same way they did before the inflationary crisis hit.
But with Biden’s policies showing no signs of slowing down, 2022 may be the first year in decades where millions of Americans are not able to celebrate the holiday the way they have for generations before.