The White House took a victory lap this week for supposedly “reducing costs” for American families preparing to celebrate Thanksgiving this year, ignoring the price hikes that have hit consumers since the election. of President Biden in 2020.
“This Thanksgiving we have a lot to be thankful for. While inflation caused by the pandemic and Russia’s war remains a challenge, we have seen important progress,” White House press secretary Karine Jean-Pierre said during a Monday press briefing in which she showed a hypothetical Thanksgiving menu to make his point.
Jean-Pierre highlighted that gasoline prices have decreased by $1.70 from their peak in June 2022, while airline ticket prices are down 13% compared to this time last year, while prices Car rental rates have fallen by approximately 10%.
The press secretary also noted that food price inflation has fallen to its lowest level in more than two years, and that staples such as eggs, milk, bacon and fresh vegetables will cost less on average than in 2022.
The White House took credit for “reducing costs” for American families preparing to celebrate Thanksgiving this year, ignoring the rising costs that have hit consumers since 2020. AFP via Getty Images “Reducing costs for Americans remains the president’s top economic priority.” said Jean-Pierre.AFP via Getty Images
Jean-Pierre also cited a report from the American Farm Bureau Federation that found that the “classic Thanksgiving feast for 10” in 2023 will be priced at $61.17, “a 4.5% decrease from last year’s historically high prices,” and a decline in turkey prices accounts for most of that price reduction.
“Reducing costs for Americans remains the president’s top economic priority,” Jean-Pierre said.
But AFBF data also shows that Thanksgiving prices have skyrocketed 30% since 2020, with the classic meal priced at $46.90 during the first year of the COVID-19 pandemic.
Data from the American Farm Bureau Federation shows Thanksgiving prices have jumped 30% since 2020, with the classic meal priced at $46.90 during the first year of the coronavirus pandemic.Getty Images
The Republican National Committee, in a Monday statement denouncing the “price shock,” also drew attention to the AFBF’s finding of a 25% increase in the traditional Thanksgiving meal since 2019.
The RNC also noted that it was “the second most expensive Thanksgiving in the survey’s 38-year history.”
Biden’s campaign too published in X a clip of CNBC host Sara Eisen reporting that if gas prices hit “$3.25 on Thursday, that’s the cheapest Thanksgiving gas price since 2020,” when prices hit $2.11, according to Gas Buddy.
Biden celebrated that inflation has fallen to 3%, “the lowest among the world’s major economies,” in a speech in August about health care costs at the White House.WILL OLIVER/EPA-EFE/Shutterstock
During Donald Trump’s presidency, the Centers for Disease Control and Prevention urged American families to avoid traveling for the Thanksgiving holiday that year.
“The safest way to celebrate Thanksgiving this year is at home with members of your household,” said Erin Sauber-Schatz, who at the time led the agency’s Community Interventions and Critical Populations Task Force. .
During Monday’s briefing, Jean-Pierre also celebrated rising wages under the Biden administration that would make Thanksgiving meals “the fourth cheapest in history as a percentage of average income.”
At Monday’s briefing, Jean-Pierre also celebrated rising wages under President Biden that would make Thanksgiving meals “the fourth cheapest in history as a percentage of average income.”
Biden, 81, celebrated inflation falling to 3%, “the lowest among the world’s major economies,” in an August speech on health care costs at the White House, despite predicting a maximum of 40 years in 2022.
However, hourly wages have increased about 13% while inflation has soared 17% since the start of Biden’s term, according to data from the U.S. Bureau of Labor Statistics.
Congressional Republicans have repeatedly noted that real wages have declined nearly 4% since January 2021 due to inflation caused largely by trillions in federal spending.
“The average wage of the average American is down after inflation,” Sen. John Kennedy (R-La.) said in a Nov. 7 speech on the Senate floor.
Hourly wages have increased about 13%, while inflation has soared 17% since the start of Biden’s term, according to data from the US Bureau of Labor Statistics.Getty Images
“[I]“If you take all the average wage increases in the United States of America and you look at the average inflation in the United States of America, workers have actually lost ground,” he said.
“Workers today, in November 2023, actually earn less per hour, after inflation, than they did in February 2021.”
“While reducing inflation remains the president’s top economic priority, we have made important progress, with wages for American workers higher than before the pandemic, which takes inflation into account,” a White House spokesperson said. to The Post.
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Source: vtt.edu.vn