Your Thanksgiving Feast Is 20 Percent More Expensive Thanks To Bidenflation

Your Thanksgiving Feast Is 20 Percent More Expensive Thanks To Bidenflation

The cost to host a Thanksgiving dinner for your closest friends and family members is 20 percent more expensive this year, and President Joe Biden’s administration is to blame.

According to a report from the American Farm Bureau Federation, the average cost to serve 10 of your guests a classic Thanksgiving dinner including turkey, stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, coffee, and milk is $64.05.

That’s $10.74 more expensive than last year’s average of $53.31 and up more than $17 from just before Biden assumed office.

Courtesy of the American Farm Bureau Federation

If it wasn’t evident last year that Biden’s policies, such as bloating the American economy with trillions in federal dollars, are to blame for inflation including hikes in Thanksgiving food prices, then it certainly is now.

After another year of excessive spending, including sending $66 billion in taxpayer dollars overseas and funneling billions toward legislation that will definitively do more economic damage, Americans will have to pay significantly more to feed their families during the holiday season.

Thanksgiving gatherers who want to do more than the bare minimum by adding ham, russet potatoes, and frozen green beans to their menus are expected to pay $81.30, up 18 percent from 2021.

The feast centerpiece, a 16 lb. bird, is up 21 percent from last year for an average cost of $28.96. That price, AFBF noted, might fall thanks to store discounts the week of Thanksgiving. Shoppers interested in bags of cubed stuffing mix, which increased in price by a whopping 69 percent, frozen pie crusts (26 percent), whipping cream (26 percent), frozen peas (23 percent), and dinner rolls (22 percent), however, are still paying much higher due to months of record-high inflation.

[READ: Grocery Shop With Me To Fact-Check Biden’s Inflation Up ‘Hardly At All’ Claim]

In October alone, consumers paid 7.7 percent more for goods. The largest price increases recorded were found in household necessities such as shelter, food, and energy, which saw much higher increases.

“General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner,” AFBF Chief Economist Roger Cryan confirmed in a press release.

Courtesy of the American Farm Bureau Federation

In addition to paying more for food, Americans who travel to see loved ones and give thanks over the next week will be paying more at the pump, where gasoline is currently averaging $3.66 per gallon.


Jordan Boyd is a staff writer at The Federalist and co-producer of The Federalist Radio Hour. Her work has also been featured in The Daily Wire and Fox News. Jordan graduated from Baylor University where she majored in political science and minored in journalism. Follow her on Twitter @jordanboydtx.

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CNBC’s Cox: Most Economists See Flat Q4, Recession by Early or Mid-2023 — Unsustainable Export Growth Kept GDP from Being Negative

CNBC’s Cox: Most Economists See Flat Q4, Recession by Early or Mid-2023 — Unsustainable Export Growth Kept GDP from Being Negative

On Thursday’s broadcast of NBC’s “MTP Now,” CNBC Economics Editor Jeff Cox stated that if you took out the unsustainably high rise in exports, the third quarter GDP would have been negative and most economists believe that by “early or mid-2023, we will, in fact, be in a recession.”

Cox said, “I think if you were looking at this report today for kind of the all clear on the economy, this wasn’t that. I mean, there were still a lot of questions that this report raised today. One of the big things is that the headline number boosted almost completely because of a big rise in exports, which were up almost 14% on the quarter. That simply is not sustainable. In fact, if you separated and subtracted out the net export number from this report, it actually would have printed slightly negative. Other areas of concern [are] that we saw a dropoff in consumer spending, the pace of increase there falling, of course, as prices continue to rise. And…homebuilding, we all know that the real estate market is not doing well right now, those numbers reflect it today.”

He added, “Most of the economists I speak to, Chuck, are expecting basically a flat-ish number in the fourth quarter. The one big positive for the economy right now is the jobs market. … So, that’s a good thing, and that’s keeping the economy afloat now. What I’m hearing, though, from most economists is that, going into 2023, at some point, early or mid-2023, we will, in fact, be in a recession.”

Follow Ian Hanchett on Twitter @IanHanchett

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Economists: Probability of Recession in 2023 Reaches 60%, Up 10 Points Since September  

Economists: Probability of Recession in 2023 Reaches 60%, Up 10 Points Since September  

The probability of a 2023 recession has reached 60 percent, up 10 points since September, according to a Bloomberg monthly survey of economists.

The poll was conducted from October 7-12 with 42 experts predicting a recession.

Chief international economist at ING, James Knightley, told Bloomberg the recession is due in part because of President Joe Biden’s inflation.

A “significant tightening of financial conditions is a clear headwind to growth and comes at a time when consumer and business confidence is already under immense pressure from the rising cost of living and falling equity, bond and real estate prices,” he said.

Many experts believe the nation is already in a recession. The United States has already experienced two consecutive quarters of negative GDP growth, a common definition of recession.

Biden. however, believes the nation is not in a recession. “I don’t think there will be a recession. If it is, it’ll be a very slight recession. That is, we’ll move down slightly,” Biden told CNN’s Jake Tapper on Tuesday.

Yet Americans are suffering in Biden’s sluggish economy. A recent Heritage Foundation study shows Americans have lost $4,200 in annual income since Biden assumed office. Other experts project inflation will cost American families $5,520 in 2022.

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CNBC’s Gumede: U.S. ‘Definitely in a Recession’ by Definition and Things Look Much ‘More Negative’ with Consumers Going into the Red

On Friday’s broadcast of MSNBC’s “Way Too Early,” CNBC International Financial Journalist Arabile Gumede said that the revised GDP numbers show that the U.S. economy is in a recession according to the technical definition, and that while some people dispute whether we’re in one, “you can kind of get the sense that” with prices going up “things are certainly looking a whole lot more negative. Consumers certainly getting into the red as well when it comes to their bank balances across the board.”

Host Jonathan Lemire asked, “So, the U.S. government’s final reading of our gross domestic product last quarter shows that the economy shrank at an annual rate of .6%. Does that mean, technically, the United States economy is already in a recession?”

Gumede answered, “Yeah, technically, certainly it does seem so, right? It was a confirmed adjusted 1.6% dropoff in the first quarter’s GDP numbers, 0.6% decline in the second quarter. Technically, the definition does say two quarters of negative growth means that you’re in a recession. But, how many times have we heard, of course, leaders, whether it be economic leaders or even political leaders, including Joe Biden himself, say that the economy’s not necessarily in a recession. But you can kind of get the sense that, with everything going a little bit higher, whether it be from — right through from gas to all other sectors of the economy struggling, including food, things are certainly looking a whole lot more negative. Consumers certainly getting into the red as well when it comes to their bank balances across the board. So, you are going to see a lot of that come through. Whether it is official that they’re in a recession, I suppose someone may need to call it, but according to the technical numbers, though, yeah, definitely in a recession.”

Follow Ian Hanchett on Twitter @IanHanchett

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Stock Market Tanked 14 Percent Since Biden’s Inflationary Boondoggle Passed

The stock market continued its downward spiral on Thursday as the economy struggles to cope with Democrats’ reckless spending adding fuel to runaway inflation.

All three benchmark indexes closed under their opening value with the Dow Jones Industrial Average down more than 450 points. The NASDAQ dropped nearly 3 percent Thursday and the S&P 500 fell by nearly 80 points.

The Dow’s decline marks a continued trend since the signature passage of President Joe Biden’s dubiously named “Inflation Reduction Act” on Aug. 16. The Dow Jones Industrial Average has now fallen nearly 5,000 points, or more than 14 percent, in the aftermath of Biden’s bill becoming law.

The U.S. inflation rate, meanwhile, remains at a four-decade high with Labor Department data out in early September revealing that prices rose 8.3 percent last month over the year prior. When Biden celebrated the bill’s passage at the White House in mid-September, markets continued to plunge as James Taylor played “Fire and Rain” on the South Lawn.

In July, official GDP numbers revealed two consecutive quarters of negative growth, meaning the country is in a recetion. The Biden administration responded by pretending the recession doesn’t exist and sought to redefine the term, and his lapdogs in the corporate media followed the administration’s lead.

“Most economists and most Americans,” Treasury Secretary Janet Yellen told reporters, “have a similar definition of recession — substantial job losses and mass layoffs, businesses shutting down, private sector activity slowing considerably, family budgets under immense strain. In sum, a broad-based weakening of our economy. That is not what we’re seeing right now.”

Most Americans are struggling to cope with inflation, however, with prices for gas and groceries increasing far higher than what they were when Biden took office. The nationwide average for a gallon of gasoline, for example, is $1.36 higher than in January 2021.

According to a survey published by the University of Michigan the month before Yellen’s comments to reporters, consumer sentiment plunged to its lowest record. Inflation also remains at the top of voters’ minds in poll after poll headed into the November midterms. Yet in an interview with CBS’s “60 Minutes,” Biden claimed the inflation rate was up “hardly at all.”

[READ: Grocery Shop With Me To Fact-Check Biden’s Inflation Up ‘Hardly At All’ Claim]

As the nation’s economic health continues to deteriorate, the stock market will keep collapsing. The falling markets have already wiped out more than $9 trillion in U.S. household wealth.


Tristan Justice is the western correspondent for The Federalist. He has also written for The Washington Examiner and The Daily Signal. His work has also been featured in Real Clear Politics and Fox News. Tristan graduated from George Washington University where he majored in political science and minored in journalism. Follow him on Twitter at @JusticeTristan or contact him at Tristan@thefederalist.com.

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Stocks Plunge Again, Pushing S&P 500 Below Where It Was When Biden Took Office

Stocks Plunge Again, Pushing S&P 500 Below Where It Was When Biden Took Office

Investors sold off stocks on Friday morning, putting the major indexes on pace for another losing week and at levels below where they were when President Joe Biden took office on January 20, 2021.

The Dow Jones Industrial Average fell more than 700 points  on Friday, a 2.4 percent decline, to 29,371. If stocks were to close at these levels, this would be the first close below 30,000 since June. On the day Biden was inaugurated, the Dow closed at 30,930.52.

The S&P fell 2.4 percent to 3,667, below the 3,799 level it hit on inauguration day. The Nasdaq Composite declined by around 2.4 percent to 10,808. When Biden took office it was at 13,197.

S&P 500 Since Biden Took Office

Investors are concerned that the Fed’s battle to tame inflation will worsen the recession many expected next year. Bank of America said today in a note to clients that the path to a “soft landing” was now narrower and a harder landing more likely.

All but four of Dow stocks were down for the day.  All 11 sectors of the S&P 500 were down. The worst performing sector was the energy sector, which dropped 6.91 percent. Investors are worried that a global recession could depress demand for energy. Health Care, often considered a respite in a bear market and a slumping economy, was the best performing sector with a 1.2 percent decline.

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Democrats Are Astroturfing Climate Alarmism Among Latinos As Families Suffer From Record Inflation

The Latino Victory Project, a left-wing super PAC co-founded by Eva Longoria, is dumping $5 million into a campaign to promote climate hysteria among Latinos. The project is called the “Vote Like a Madre” campaign, which is an odd campaign name from a party that is fighting to erase “madres,” preferring the genderless title “birthing people.”

The “Vote like a Madre” campaign encourages Latina moms to make a “pinky promise” to their children that they’ll only vote for candidates with “bold plans to fight climate change.” The campaign conveniently omits the fact that progressive climate change policies are responsible for the record-high gas and food prices and other economic woes that Hispanics rank as their No. 1 voting issue. 

A long A-list of celebrity Latinas, like Jennifer Lopez, America Ferrera, Dr. Luz Towns-Miranda, Jessica Alba, and Rosario Dawson are participating in the hashtag. However, this astroturfing climate campaign isn’t just relying on celebrity endorsements.

The “Vote Like a Madre” campaign is also paying smaller Latina social media influencers, particularly those in swing states Nevada and Arizona, to promote the illusion that Latina mothers are worried about climate change. 

The Latino Victory Project has hired a New York City-based company called “People First” to recruit social media influencers to participate in the “Vote Like a Madre” campaign for pay or perks. “If you are interested in participating in this campaign, please answer the following,” writes People First Digital Relational Organizer Logan Smith in an email obtained by The Federalist, “[c]onfirm that you are a Latina,” “[s]tate whether you live in Arizona or Nevada (if you live in another state, please send a screenshot of your audience location analytics, as we can only work with creators with a large audience in Arizona or Nevada),” and “[s]tate whether you are a mother, an aunt, and/or a grandmother.” 

The People First representative goes on to add that even if you do not meet the requirement for participating in the trend, you will receive “$50 referral payments for every 5 referrals that end up participating in this campaign.” 

A glowing 2019 Vanity Fair feature described People First (then known as Main Street One) as a “rebellious tech start-up” helping “Democrats win back the internet in the age of Trump.” People First disseminates messaging from left-wing organizations in the same way clothing and beauty brands partner with influencers to promote their products on TikTok, YouTube, or Instagram.  

The firm claims that “clients can commission content from virtually anyone, any voter segment, geography, profession, party affiliation, identity, age, race, sexuality, or gender.” It is an “influencer-marketing campaign” for “politics for the Kardashian era,” as Vanity Fair puts it. 

In a People First press release, the organization boasts that it “fuels advocacy campaigns on public health issues such as vaccine hesitancy” as well as “social justice and equal rights campaigns for organizations such as Black Lives Matter,” and is partnering with Unite the Country PAC “to execute the most extensive microinfluencer campaign in U.S. political history on behalf of the president’s economic and social agenda.” 

“Americans increasingly distrust institutions, including political campaigns, the media, government, and corporations,” said People First CEO Curtis Hougland. “Instead, they build trust through their relationships online. So, we built a platform that invites real people to share their lived experiences on behalf of causes and campaigns that they support. Real people are the most persuasive messengers to skeptical audiences.”

But would Latina influencers be writing “#votelikeamadre” and posting pinky promise videos and pictures about climate change if they weren’t being paid by the Latino Victory Project via People First? It’s doubtful since Hispanics consistently tell pollsters that the economy is their top issue, and out of all the top racial and ethnic groups, Hispanics have reported the sharpest decline in approval of Biden’s economy.

Thanks to Democrat leadership, inflation is at a 40-year high, and working-class families are struggling to pay for gas and groceries. The United States has officially entered into an economic recession, whether our president admits it or not. 

Laughably, the “Vote Like a Madre” campaign praises the Inflation Reduction Act, which did nothing to reduce inflation because it is actually a climate spending bill. Indeed, it could likely create more inflation by throwing dollars at wasteful “environmental justice” policies. 

People First specializes in conjuring up the illusion that damaging progressive policies are wildly supported by everyday Americans. And the “Vote Like a Madre” campaign is just that: a digital illusion. Latina mothers aren’t climate alarmists. They care about economic opportunity and the fact that the American Dream is slipping away under Joe Biden’s disastrous leadership.


Evita Duffy is a staff writer to The Federalist and the co-founder of the Chicago Thinker. She loves the Midwest, lumberjack sports, writing, & her family. Follow her on Twitter at @evitaduffy_1 or contact her at evita@thefederalist.com

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Biden Rambles Incoherently At Car Show And Gets Lost

Biden Rambles Incoherently At Car Show And Gets Lost


Biden Rambles Incoherently At Car Show And Gets Lost

Lost On A Stage AGAIN & AGAIN &…

Why is he holding hands with a woman who isn’t his wife?

Steve Watson

Joe Biden found time to wander around a car show in Detroit Wednesday, weirdly holding hands with Democratic Gov. Gretchen Whitmer, before rambling incoherently, bragging about the economy being strong, and finally getting lost while on a stage.

It all started off with this ‘holding hands’ oddness. Does he think Whitmer is his wife?

Strange optics here also:

Next up, a new word:

Then Biden told the crowd that there’s “nothing we can’t do” if we “do it together.”

What happened to the ‘half the country are extremists’ schtick?

Biden then lauded the economic “resurgence,” and claimed that wages are up:

Biden literally plunged a growing economy into a recession and brought about the worst inflation crisis in a century. Where is the resurgence?

Wages are not up. Unless up means down:

Finally, of course, Biden got lost looking for the steps he walked up just minutes before:

It’s literally every time now:

Why can’t he ever remember where he is?

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(TLB) published this article  from Summit News


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