Economy

What They Just Said About This Thanksgiving Should Make Everyone See Red!

As we Americans celebrate Thanksgiving, this year should give everyone not only some serious pause to stop and think about all that we are grateful for as individuals and as a nation, but make them totally furious as well!

That is because the traditional Thanksgiving meal in 2021 is now expected to become “the most expensive meal” in the history of the holiday, according to MSNBC.

This led host Mika Brzezinski to comment on the increased costs of every item that is used to make the traditional holiday Thanksgiving meal.

“It’s shaping up to be the most expensive meal in the history of the holiday,” Brzezinski said.

“Consumer groups say almost every ingredient in a traditional American Thanksgiving, from the disposable aluminum roasting pan to the pumpkin pie, will cost more. The supply chain crisis, trade policies, labor shortages, weather and inflation are all contributing to higher prices.”

The most expensive item is shaping up to be the traditional Thanksgiving turkey.

“Experts warn that the biggest expense this year will be the turkey. The price per pound is expected to rise above $1.36, surpassing the record benchmark price set back in 2015,” Brzezinski said.

Brzezinski also took the time to share one recent personal experience she had shopping for food.

“You know at the grocery store right now, I mean, everything is up,” Brzezinski said.

“I was going shopping for my daughter and I’m like, ‘OK, this is, this is different than even a few months ago.’”

Many are blaming President Joe Biden’s economic policies for the rise in prices and the inflation in everyday items. Moreover, there are many who are calling these rises in prices “Bidenflation” simply due to the fact that the price increases are strongly correlated to the president’s time in office.

This news is coming while Treasury Secretary Janet Yellen is predicting that inflation is not going to leave in the near future.

Yellen was interviewed on CNN’s “State of the Union” which aired last Sunday. She dismissed the existing supply chain issues as the “temporary pains of a COVID economy and trying to get beyond it.”

On the other hand, she also described that “Americans haven’t seen inflation like we have experienced recently in a long time.”

Brzezinski asked Secretary Yellen when she expected that inflation was going to go back below two percent.

“Well, I expect that to happen next year,” she said.

“Monthly rates of inflation have already fallen substantially from the very high rates that we saw in the spring and early summer. On a 12-month basis, the inflation rate will remain high into next year because of what’s already happened.”



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