"Biden's Thanksgiving Price Promises Backfire Amid Inflation Woes"

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Source: Fox News
"Biden's Thanksgiving Price Promises Backfire Amid Inflation Woes"
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TL;DR Summary

The Wall Street Journal editorial board criticized the Biden administration and the media for promoting "Bidenomics" and downplaying inflation, pointing out that while inflation may be slowing down, prices for Thanksgiving dinner items are still rising. Turkey prices have increased by nearly 30% compared to last year, while potatoes, rolls, and butter have also seen significant price hikes. Gasoline prices have risen by about 70% in the past three years, and inflation-adjusted weekly earnings have fallen by roughly 5% since 2020. The Biden administration has launched a media campaign to highlight lower inflation, but critics argue that the metrics used are arbitrary.

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