Americans will be paying the second highest amount ever for their much loved and traditional 4 of July cookout barbecue thanks to soaring inflation under Joe Biden.
According to the American Farm Bureau Federation, this year, the average cost to feed a party of 10 people will be $67.73, down 3 percent from $69.68 last year, when inflation peaked at 9.1 percent in June 2022.
Both these meal totals are up massively from 2021.
The survey includes 12 staple items for a 4 July cookout:
- Ground beef
- Chicken breast
- Pork chops
- Pork and beans
- Hamburger buns
- Cheese
- Potato salad
- Chips
- Ice cream
- Strawberries
- Cookies and lemonade
As The Western Journal reported:
The cost of lemonade fell from last year, down 16 percent, and the price of eggs (used in potato salad) is down 24 percent.
A report from Wells Fargo found the cost of beer is up 8 percent; soft drinks, up 14 percent; bread, up 22 percent; ice cream, up 9 percent; processed cheese, up 10 percent; and potato chips, up 15 percent.
Meanwhile, chicken breast is down 2 percent.
According to a National Retail Federation survey, average per-person spending on July 4th rose to $93.34 in 2023, up $9.22 from last year’s $84.12.
Biden and the Democrats have to take a good part of the blame for the nation’s high inflation.
Now that Republicans have taken over the House of Representatives, curtailing the Bidenomics spending frenzy, inflation is back down to 4 percent, which is still much higher than the 1.4 percent it was under President Donald Trump when he left office in January 2021.
According to experts, there are multiple reasons for the inflation rate, but the unprecedented level of government deficit spending has had a big impact.
In a Washington Post opinion piece from earlier this year, former Clinton administration Treasury Secretary Larry Summers predicted that passing the $1.9 trillion American Rescue Plan “will set off inflationary pressures of a kind we have not seen in a generation, with consequences for the value of the dollar and financial stability.”
After it was passed the following month, Summers said it was the least responsible macroeconomic policy we’ve had in the last 40 years.”
In 2021, The New York Times reported that former Obama administration Treasury Department official Steven Rattner identified the American Rescue Plan as the “original sin” for record high inflation.
“[The Democrats] can’t say they weren’t warned — notably by Larry Summers, a former Treasury secretary and my former boss in the Obama administration, and less notably by many others, including me,” he wrote.
“We worried that shoveling an unprecedented amount of spending into an economy already on the road to recovery would mean too much money chasing too few goods,” Rattner explained.
Larry Kudlownoted on his Fox Business program last week:
“After Joe Biden’s $2 trillion American Rescue Plan, which was his landmark policy, a 6.5 percent [GDP growth] economy delivered by Donald Trump sputtered to a 1 percent growth rate in Biden’s first full year, 2022 and early 2023.”
“And after Trump hand-delivered a 1.4 percent inflation rate, under Bidenomics, it soared to a 9 percent inflation rate, which destroyed family affordability and worker income,” the Fox Business host said.
The hits continued when Biden and Democrats passed the $1.2 trillion infrastructure bill in November 2021, followed by the misnamed $485 billion Inflation Reduction Act in August 2022.
If you’re wondering why food is so expensive this 4 July, look no further than Joe Biden.
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No expense is too great to pay at home as long as Comrade Biden can assist his tyrant elite-class master’s efforts at expanding the New World Order across the entirety of Western civilization via the current Ukraine events, where many multi-billions of our tax dollars have found a new home and more are sure to follow.