Quantcast

Biden Tries to Blame Farmers for Rising Food Costs Due to Gov’t Inflation

'Consumer prices in November rose 6.8% over the prior 12 months — a 39-year high... '

(Headline USA) President Joe Biden will meet virtually with independent farmers and ranchers to discuss initiatives to reduce food prices by increasing competition within the meat industry, part of a broader effort to show the administration is trying to combat inflation, even as it fails miserably to that end.

The White House event occurs as inflation skyrockets, part and parcel of Biden’s failed domestic policies. Consumer prices in November rose 6.8% over the prior 12 months — a 39-year high. Inflation has hurt Biden’s public approval, not to mention the actual public, become rightful fodder for Republican criticism and prompted Sen. Joe Manchin, D-W.Va., to cite higher prices as one of many reasons to sideline the Democratic president’s tax, social and economic programs.

Biden is building off a July executive order that directed the Agriculture Department to more aggressively look at possible violations of the 1921 Packers and Stockyards Act, which was designed to ensure fair competition and protect consumers. Meat prices have climbed 16% from a year ago, with beef prices up 20.9%.

The administration is targeting meat processing plants, which can shape the prices paid to farmers and charged to consumers. The White House issued its version of a fact sheet saying that the top four companies control 85% of the beef market. In poultry, the biggest four processing firms control 54% of the market. And for pork, the figure is 70% for the four biggest firms.

...article continued below
- Advertisement -

Biden plans to stress the plans to distribute $1 billion from the coronavirus relief package to help independent meat processors expand. He also plans to highlight funding to train workers in the industry and improve conditions, as well as issue new rules for meatpackers and labeling requirements for being designated a “Product of USA.”

The Justice Department and the Agriculture Department will launch a joint effort to make it easier to report anti-competitive actions to the government. The administration will also seek to improve the transparency of the cattle market.

The effort is part of a broader attempt to regain control of America’s economic narrative. Besides inflation, the repeated waves of coronavirus outbreak have dampened people’s opinions about the economy.

Biden will have an opportunity to highlight the economy’s supposed strengths with the December jobs report being released Friday. Economists surveyed by FactSet expect that the United States added 362,000 jobs last month with the unemployment rate ticking down to 4.1%. Gains of that magnitude would indicate that the U.S. added roughly 6.5 million jobs last year, more than in any other previous year in a reflection of population growth and government spending.

...article continued below
- Advertisement -

Adapted from reporting by the Associated Press

Copyright 2022. No part of this site may be reproduced in whole or in part in any manner without the permission of the copyright owner. To inquire about licensing content, use the contact form at https://headlineusa.com/advertising.
- Advertisement -

TRENDING NOW

Pa. Senate Committee Passes Congressional Map; Leftists Cry ‘Gerrymandering’

(Victor Skinner, The Center Square) The Pennsylvania Senate State Government Committee has approved a House bill to create new congressional districts for the commonwealth,...

Republicans Push For Greater Access to COVID Therapeutics

(Brett Rowland, The Center Square) Republicans are pushing for greater access to monoclonal antibody treatments for COVID-19 after the federal government took over the...

New Hampshire Lawmakers Weigh Ban on Native-American Mascots

(Christian Wade, The Center Square) New Hampshire lawmakers are weighing a proposal to outlaw the use of Native American mascots in public schools, including...

Dunleavy Pledges to Work For Alaskans Despite Leftist Media’s Murkowski Distractions

(Headline USA) Alaska Republican Gov. Mike Dunleavy said he doesn't see his acceptance of former President Donald Trump's endorsement as hurting his relationship with...

UPDATE: Manchin Reveals Nick Saban Opposed Ending Filibuster After All

UPDATE (1/21/22, 10:30 am): Sen. Joe Manchin tweeted the full text of the letter from West Virginia graduates including Nick Saban. He revealed...

Following Filibuster Failure, Race-Hustling Leftists Pounce on McConnell ‘Gaffe’

(Mark Pellin, Headline USA) Race-hustling leftists seized on the intentional misinterpretation of a remark by Sen. Mitch McConnell, R-Ky., to wage a petty and...

Tenn. Republican Introduces Self-Defense Bill In Honor of Kyle Rittenhouse

(Headline USA)  A Tennessee Republican introduced a self-defense bill this week in honor of Kyle Rittenhouse, the 18-year-old who was found not guilty last...

M&M Characters to Become More ‘Inclusive’

(Molly Bruns, Headline USA) Mars Inc. has announced that their M&M's characters are being redesigned to be more "inclusive" and have more "nuanced personalities," proving...

Family of Marine Killed in Afghanistan Sues Alec Baldwin For Defamation

(Headline USA) The sister of a Marine killed during the military withdrawal from Afghanistan filed a defamation lawsuit against Alec Baldwin this week, alleging...
- Advertisement -