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Tuesday, 3 September 2024

Labor Day BBQ Costs Under Biden-Harris Have Skyrocketed On Their Watch

 According to the Bureau of Labor Statistics, the cost of food for your Labor Day barbecue has skyrocketed since the Biden-Harris administration took office in January 2021.

Here are the numbers reflecting how much typical barbecue food has soared under the Biden-Harris administration: Ground beef, up 26%; hot dogs, up 25%; chicken, up 23%; biscuits, up 28%; beer, up 16%; lettuce, up 21%, and condiments, up 24%.

 

On January 2021, when former President Trump left office, the inflation rate rested at 1.4%. The inflation rate immediately began a dizzying ascent with the advent of the Biden-Harris administration, rising from 2,6% in March 2021 to 4.2% in May 2021, to 5.4% in July 2021, to 6.2% in October 2021, to 7% in December 2021, to 8.5% in March 2022 to 9.1% in June 2022.

It was only two and a half years into the Biden-Harris administration, in June 2023, before the inflation rate fell back down to 3.0%.

“Based on estimates from the Congressional Budget Office (CBO) the American Rescue Plan Act of 2021, the inaptly-named Inflation Reduction Act of 2022, and the 2021 Thrifty Food Plan Re-evaluation combined to increase federal spending by trillions in fiscal years 2021 and 2022,” the United States Senate Committee on Agriculture, Nutrition and Forestry, noted in early March. “At a time when the economy was still recovering from COVID-19 supply chain disruptions, this rapid and significant influx of funding overheated consumer demand and contributed to historic inflationary pressure across the entire U.S. economy.”

“Led by food, transportation, energy, and housing costs, consumer prices have increased nearly 20% since January 2021. The cumulative impact of inflation over the last 37 months is the highest pace of inflation of any administration since President Carter was in office,” the committee continued.

In May, CNN’s Erin Burnett said to President Biden, “Grocery prices are up 30 percent, more than 30 percent since the beginning of the pandemic, and people are spending more on food and groceries than they have at any time really in the past 30 years. I mean, that’s a real day-to-day pain that people feel.”

“The fact is that, if you take a look at what people have, they have the money to spend,” Biden responded.

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