The economic hits just keep coming and coming
This Year’s Thanksgiving Feast Will Wallop the Wallet
Thanksgiving 2021 could be the most expensive meal in the history of the holiday.
Caroline Hoffman is already stashing canned pumpkin in the kitchen of her Chicago apartment when she finds some for under a dollar. She recently spent almost $2 more for the vanilla she’ll need to bake pumpkin bread and other desserts for the various Friendsgiving celebrations she’s been invited to.
Matthew McClure paid 20% more this month than he did last year for the 25 pasture-raised turkeys he plans to roast at the Hive, the Bentonville, Arkansas, restaurant where he is the executive chef. And Norman Brown, director of sweet-potato sales for Wada Farms in Raleigh, North Carolina (I’ve never heard of Wada Farms, had to look it up), is paying truckers nearly twice as much as usual to haul the crop to other parts of the country.
Nearly every component of the traditional American Thanksgiving dinner, from the disposable aluminum turkey roasting pan to the coffee and pie, will cost more this year, according to agricultural economists, farmers and grocery executives. Major food companies like Nestlé and Procter & Gamble have already warned consumers to brace for more price increases.
There is no single culprit. The nation’s food supply has been battered by a knotted supply chain, high transportation expenses, labor shortages, trade policies and bad weather. Inflation is at play, too. In September, the Consumer Price Index for food was up 4.6% from a year ago. Prices for meat, poultry, fish and eggs soared 10.5%.
This Brandon economy is going great, eh? Y’all who were mad over mean tweets so voted against Trump made a wonderful decision, so, don’t complain. And, of course, the article fails to put any Blame on Biden and his administration, when you just know they would find ways to Blame Trump. How much responsibility does Biden bear? His administration has been mostly absent on all things supply chain, and finding ways to make sure prices rise and shortages occur. There has been almost a complete lack of interest in the economy, and, you might say “well, the government should stay out of it.” And you’d be correct. Unfortunately, the federal government has involved itself so much in the economy that policy can cause price fluctuation.
And, let’s not forget the old maxim of “It’s the economy, stupid.” Regardless of the ability of the president and the federal government to make anything happen, the President will get the blame. They blamed Trump for the economic woes in the middle of a world-wide pandemic (but, they wouldn’t blame China), despite Trump actively working to keep the economy going and wanting it open.
So, yeah, Biden gets big blame.
Read: Brandon Economy: Expect Thanksgiving Prices To Wallop Your Wallet »