Biden’s Food Inflation Crushes Household Budgets
American Greatness,
by
Steve Cortes
Original Article
Posted By: Moritz55,
11/13/2023 11:12:42 AM
The CEO of Target stores recently explained to CNBC that American consumers cut back significantly, “even on grocery items.” He relayed to the business channel that “even in food and beverage categories, over the last few quarters, the units, the number of items they’re buying, has been declining.”
Admittedly, few on the political right will shed any tears for the executive suite of Target, a company infamous for its obsession with woke politics. Nonetheless, Target provides a key gauge of overall consumer health. After all, this chain of nearly 2,000 big box stores, with more than 400,000 employees, boasts a market cap value of $50 billion.
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Reply 1 - Posted by:
DVC 11/13/2023 11:27:24 AM (No. 1597672)
The price of beef is amazingly high. I was very surprised buying some at the grocery a week ago, since my wife buys it most of the time.$5 or more for hamburger, an a steak for $20 and up? Yikes.
And most of the rest of the food has gone up similarly.
Actually, the food is the same, the dollar is just worth so much less now that Nasty Nancy has devalued it by handing out literally trillions of dollars worth of money created out of thin air.
17 people like this.
Reply 2 - Posted by:
RWPollock 11/13/2023 11:34:24 AM (No. 1597676)
Well does not paying $8 for a jar of mayonnaise make you feel good that we are supporting a war in Ukraine. Those billions we send them has inflationary consequences. What is wrong with people that do not want to live less and give up their way of life for high mortgage rates funding the Ukraine war and EV vehicle subsidies. We can send millions to Ukraine but by goodness we cannot help people with the high cost of medication and healthcare. I am not in favor of government handouts but when the cost of healthcare exceeds the income of almost nearly all Americans it is time to reassess my stance.
15 people like this.
Reply 3 - Posted by:
RWPollock 11/13/2023 11:38:20 AM (No. 1597681)
Biden wants us to eat cat food as long as we keep funding the inflation causing Ukraine War effort. Oh yea and where is the money coming from to house the unappreciative illegal immigrants who are getting free food and hotel rooms, tents plus money for educating their children? Just keep printing it Joe. Hopefully we won’t run out of cat food!
13 people like this.
Reply 4 - Posted by:
mifla 11/13/2023 11:59:09 AM (No. 1597704)
According to some Dems, there is no inflation. It is just propaganda.
As bad as things are, what really sets me off if that millions will still vote for this misery to continue.
19 people like this.
Reply 5 - Posted by:
LadyHen 11/13/2023 12:04:12 PM (No. 1597707)
Food security and inflation.. it's a huge issue. One reason we are using our small acreage for egg chickens, to grow out some meat chickens, and get a few head of commercial breeder hair sheep next year. Yes, there is the up front capital cost (and feed costs for the chickens) but if we can make 500+ lbs of meat per acre and quite a few eggs, we can keep ourselves and close by family in good quality protein for less than grocery prices.
12 people like this.
Reply 6 - Posted by:
Muguy 11/13/2023 12:25:24 PM (No. 1597716)
The increased cost of food when going out has also been affected by the pressure on restaurants to pay higher wages and the costs have been applied to the purchase price of items.
The "Dollar Menu" items are no more-- many have risen WELL OVER the 20% inflation we have seen since the Vegetable has been puppeted by his Master NoBama
13 people like this.
Reply 7 - Posted by:
Sandpiper 11/13/2023 12:42:54 PM (No. 1597725)
Just finished talking to my daughter. Her husband, a cop, just left for work on his day off. He was picking up an extra day shift - currently he works nights. This is what they are doing to keep up with the price of food. Their children are teenagers and their family goes through a lot! She makes everything from scratch, grew a big garden this year, canned and preserved and dried like crazy and yet they still need extra income to keep up with costs. (She doesn’t work herself - she is capable and educated - because his monthly rotating shifts make it important for 1 parent to be available for the kids.) She budgets, uses coupons - there isn’t a lot more she can do! They just got a raise too but inflation outstripped it.
My son in Texas works two jobs and his wife works to keep up with the cost of food and fuel for their teenagers. He’s a city employee, works construction on the side and his wife is a loan officer in a mortgage company. This is what regular people are doing to stay afloat.
17 people like this.
Reply 8 - Posted by:
Moritz55 11/13/2023 1:08:59 PM (No. 1597741)
Babylon Bee nails it…again:
https://babylonbee.com/news/thousands-already-lined-up-for-black-friday-after-grocery-store-offers-prices-from-when-trump-was-president
10 people like this.
Reply 9 - Posted by:
FJB 11/13/2023 1:22:01 PM (No. 1597746)
Make that "Obiden's Food Inflation."
8 people like this.
The only remaining affordable fast food is Costco. $1.59 for a hot dog and soda - ya can't beat it.
7 people like this.
Reply 11 - Posted by:
stablemoney 11/13/2023 1:25:22 PM (No. 1597750)
People at Walmart shopping for Thanksgiving were running up baskets of $300 plus.
7 people like this.
Reply 12 - Posted by:
hershey 11/13/2023 1:27:27 PM (No. 1597752)
Hey, but it is making us stronger...last Saturday I carried $50 worth of groceries out of the store in two plastic bags...
8 people like this.
Reply 13 - Posted by:
DVC 11/13/2023 1:39:16 PM (No. 1597758)
Re #2, almost 100% of the "money sent to Ukraine" never leaves the USA....it is spent on replacement NEW, often upgraded versions, of the aging and nearing the end of shelf life equipment that Ukraine is using.
Essentially none of the "money sent" is actually MONEY, it is equipment, and the US inventory is backfilled by purchasing new and updated, better replacements....and employing Americans to build it.
You are far off base on your claim.
4 people like this.
Reply 14 - Posted by:
singermom9 11/13/2023 1:49:36 PM (No. 1597764)
And yet the dem idiots will vote dem again. My father used to say, "how dumb can you be"? I guess we know.
11 people like this.
Reply 15 - Posted by:
JimBob 11/14/2023 1:07:03 AM (No. 1598093)
....The CEO of Target stores recently explained ....“even in food and beverage categories, over the last few quarters, the units, the number of items they’re buying, has been declining.”
The number of items people are buying has been DECLINING...... but the Number of Dollars they are spending to buy them has been INCREASING.
I have been putting Biden "I DID THAT" stickers next to the price labels on the meats in our local supermarket.
It's a reminder that it's not the store's fault. Biden's War On Energy has raised the cost of fuel, which has raised the cost of Producing and Transporting EVERYTHING, in effect destroying the value of the currency.
2 people like this.
Reply 16 - Posted by:
ussjimmycarter 11/14/2023 4:05:56 AM (No. 1598115)
It’s only going to get worse! At 6% interest rates Bank of America fails! When that happens hang on! They are all going down! Requiring huge infusions of government printed paper! Zoom goes inflation!
2 people like this.
Reply 17 - Posted by:
mifla 11/14/2023 7:00:59 AM (No. 1598174)
Biden hasn't been inside a grocery store in years. Reporters should ask him what the price of a gallon of milk is currently. They did it to Bush Sr, and it costs him votes.
2 people like this.
Reply 18 - Posted by:
JHHolliday 11/14/2023 8:51:35 AM (No. 1598267)
Re #1. We decided to treat ourselves a couple of weeks ago with a nice beef filet. Just one since we are old and don’t eat as much anymore. Twenty bucks. We are also averaging $300 or more at the grocery store. That’s for two elderly people.
That said, the price of take-out has also spiked. You can easily spend $20 or more at McDonald’s or a pizza joint. In that context, take the $20 filet, a .50 cent potato and a couple of bucks for salad ingredients and you certainly have a nicer meal than a burger, fries and large soda. I think you will see more people starting to cook more and more meals at home.
0 people like this.
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