There’s a hacky old joke used in television shows and movies that expose wealthy fictional characters as out of touch for being unaware of the price for a gallon of milk.
Joe Biden just proved he’s that out of touch.
On Monday, the cognitively deficient president expressed his shock and awe that that the cost of ground beef was so high, blaming consolidation in the meat market among the top processors.
Refusing to take any responsibility for his red tape policies which tighten regulation and slow down supply chains, Biden instead pushed blame onto private companies who are struggling to provide Americans with the same product at a similar price.
The president recalled a conversation he overheard between his wife, first lady Jill Biden, and a friend, while he was sitting in the kitchen at home.
Joe Biden on the price of burger “Well this is partly, you know, the pound of beef today costs 5 bucks compared to less than 4 bucks before the pandemic.”
— Benny (@bennyjohnson) January 3, 2022
“Well this is partly, you know, the pound of beef today costs 5 bucks compared to less than 4 bucks before the pandemic,” the president continued.
The cost of ground beef spiked in June 2020 and then went back down, before rising quickly again in January 2021.
Biden spoke near the White House during a virtual meeting with farming and ranching advocates, blaming the top four biggest meat processors for controlling the high costs of beef. Tyson Foods, Cargill, National Beef, and JBS control 85 percent of the beef industry, according to recent data.
“I’ve said it before and I’ll say it again. Capitalism without competition isn’t capitalism, it’s exploitation,” Biden said.
Tell that to Nancy Pelosi!
Biden outlined a series of steps to increase competition for smaller meat producers by offering millions of dollars in more federal loan guarantees.
The president offered several modest proposals to help address the issue but did not detail any significant efforts to break up the existing consolidation of the meatpacking industry.
He tried to emphasize his empathy on the issue by noting he represented the chicken industry when he was the senator of Delaware.
“I come from the state of Delaware, everybody thinks the big industry is chemicals,” he said. “It’s chickens. Chickens. Boiler chickens.”
Instead of getting to the bottom of why prices have skyrocketed, Joe Biden did what all Democrats do: throw taxpayer dollars at the problem and hope for the best.
Author: Sebastian Hayworth