From the White House yesterday:
“Ahead of the holiday season, costs are down for everything from airline tickets and car rentals to toys and TVs. The Biden-Harris Administration is working every day to create more breathing room for hardworking families.”
Now from the real world, via Kevin Breuninger’s article at cnbc.com:
A Thanksgiving dinner for 10 people will cost an average of $61.17 this year, down 4.5% from last year’s record-high of $64.05, according to the American Farm Bureau Federation.
Still, the Farm Bureau said the average overall cost of the holiday meal this year is still 25% higher than it was before the pandemic.
Hmmmm. Doesn’t that mean the White House “costs are down” brag is the result of prices hitting all-time record highs last year under his administration, and “dropping” to where, if not for last year, they would be at an all-time high right now.
But what about those lower gas prices?
Gas prices have fallen markedly since September, and the average national price of regular gas was $3.28 a gallon on Wednesday
Boy, that looks great…until you remember that the day Biden-Harris was elected – on, among other things, a promise to wreak havoc on the fossil fuel industry – the average price for a gallon of gas was $2.11…and the day the Biden-Harris administration was inaugurated it already had risen to $2.39. In other words, gas is now “down” to 47% higher than when the Biden-Harris administration was elected and 37% higher than when it took office.
But what about overall inflation? That certainly is “down, isn’t it?
Uh, yep. It is “down” to 3.2% – which is 129% higher than the 1.4% it was when Biden-Harris took office in January, 2021.
There you have it. This is what the Biden-Harris administration is taking a victory lap over.
Are you impressed?
