Most Read
Image 01 Image 02 Image 03

Biden’s USDA Blames Russia and Putin for Expensive Thanksgiving Dinners

Biden’s USDA Blames Russia and Putin for Expensive Thanksgiving Dinners

Putin’s price hike, you guys.

Russia, Russia, Russia!

The USDA released a memo about Thanksgiving staples costing more than they did last year.

Our dinners will cost 20% more this year.

The memo mentioned the avian flu. Leslie wrote a few times about the avian flu affecting birds in America, affecting the price of turkeys.

There’s also the drought across America.

But the USDA had to slip in Russia and Putin because Russia, Russia, Russia! Anything negative is connected to Russia.

The memo does not contain anything about inflation, out-of-control government spending, and the Treasury printing money nonstop.

Oh, wait! I found inflation…caused by “Putin’s war in Ukraine.”

Insanity:

Below are the average retail cost of Thanksgiving staples, based on AMS Market News Retail Reports (JPG, 187 KB) for the week ending on November 11:

Fresh Turkey Hen (12 lbs.) – $1.56 per pound
Sweet Potatoes – $0.86 per pound
Russet Potatoes – $0.98 per pound
Cranberries – $2.24 per 12 oz. bag
Green beans – $1.67 per pound
Milk (1 gallon) – $3.73 per gallon

*Overall, this represents a 1% increase over the last year for these selected items combined.

Frozen Turkey Hen (12 lbs.) – $0.97 per pound
Sweet Potatoes –$0.86 per pound
Russet Potatoes – $0.98 per pound
Cranberries – $2.24 per 12 oz. bag
Green beans – $1.67 per pound
Milk (1 gallon) – $3.73 per gallon

*Overall, this represents a 6% increase over last year for these selected items combined.

Stop blaming Russia:

The Biden administration’s own data, however, shows that inflation began ratcheting up almost immediately after Biden took office in February 2021.

Just before Russia invaded Ukraine in late February 2022, the Biden administration reported that consumer prices were up 7.5% in the year ending in January 2022, according to the Bureau of Labor Statistics. Inflation would rise as high as 9.1% in the year ending June 2022, but sharp increases were seen well before Russia invaded Ukraine.

Ukraine is a major grain exporter, and Russia’s effort to block those exports has led to price spikes. But again, feed grain prices were rising along with the prices of many other commodities before Russia’s invasion.

How about we look at the percentages? It doesn’t seem too bad when you put in the dollar amount.

The turkey is 21% more than last year.

DONATE

Donations tax deductible
to the full extent allowed by law.

Comments

This reminds me of the old Bugs Bunny and Bullwinkle cartoons where the Russians were behind every bad event that occurred in the cartoon no matter how absurd or silly. But, then again, this entire administration has been nothing short of cartoonish since its inception.


 
 1 
 
 2
2smartforlibs | November 22, 2022 at 8:16 am

It’s not Russia giving money we don’t have to his pals in Ukraine.

Russia didn’t print massive amounts of US dollars


 
 0 
 
 0
scooterjay | November 22, 2022 at 8:28 am

Paging Candy Crowely and Barack Obama…..your faux pas has expired.


 
 0 
 
 1
Fat_Freddys_Cat | November 22, 2022 at 8:34 am

It’s as if our government has been taken over by tweeners who eat too much sugar. And I’m supposed to believe these are the smartest people on the planet?


     
     0 
     
     2
    healthguyfsu in reply to Fat_Freddys_Cat. | November 22, 2022 at 9:44 am

    You are supposed to be thankful that you are being gently lied to rather than having your face shoved in the dirt by this government. The results are the same but the delivery is enough to fool a bunch of comfortably stupid voters in this country.

    It’s why we must win back Federal control even if it means making compromises and coalitions to defeat the worst. When America is sane and rational again, we can then sort out the secondary priorities.


 
 4 
 
 1
rhhardin | November 22, 2022 at 8:50 am

Existing dollars can ask the economy to do more than it can do at once when either the supply of dollars increases of the supply of goods decreases. This is the latter case, and the excess dollars bid up the prices.

That’s good, not bad. It matches demand to supply.

It’s not so much Putin as COVID.

The Fed is doing the right thing – give that to Biden – by soaking up excess dollars and burning them. It does that by selling debt and discarding the proceeds. The result is a higher interest rate because other borrowers have to compete with the Fed for dollars. That’s in fact how the Fed raises the interest rate, by buying dollars with debt.

Trump probably would screw it up, having previously objected to the Fed raising rates when Trump wanted the boom to continue. The boom isn’t the priority, he failed to comprehend. The Fed was matching dollars outstanding to what the economy could do at once.

A rare case where Biden’s advisors do better than Trump did, probably ignoring his advisors.


     
     1 
     
     2
    healthguyfsu in reply to rhhardin. | November 22, 2022 at 9:45 am

    This is a ridiculous argument on its face. Biden has spent more wastefully than Trump and called it “infrastructure”


       
       3 
       
       1
      rhhardin in reply to healthguyfsu. | November 22, 2022 at 9:49 am

      Spending isn’t printing. They borrow the money that they spend, taking it out of circulation before putting it back into circulation, which is a wash. That’s what borrowing is for. You can’t spend bonds, only dollars.


         
         0 
         
         5
        alaskabob in reply to rhhardin. | November 22, 2022 at 10:30 am

        Where did the money come from? Out of thin air ….you may think it’s a zero sum game but for everyone permanently losing savings and having less …it’s resl. Your logic got us into this mess. As with MMT…it doesn’t work that way in reality.


           
           3 
           
           0
          rhhardin in reply to alaskabob. | November 22, 2022 at 2:13 pm

          New money may be resurrected old money from the last tightening (buying back debt or repurchase agreements), or it may be actual new money (seigniorage), put into circulation by spending. The trick is to keep the amount circulating equal to what the economy is able to do at once, not more (inflation) or less (recession). That’s what monthly meetings are about: do we need more or less circulating money. Leading indicators of inflation are the item discussed.


         
         0 
         
         0
        alaskabob in reply to rhhardin. | November 22, 2022 at 12:09 pm

        By the way…”They” is not “We”. You can’t put water back up the tap after you have opened the spigot.


         
         0 
         
         0
        CommoChief in reply to rhhardin. | November 22, 2022 at 12:32 pm

        Bruh, not even. Very simplified.

        1. Fed Govt decides to spend $. Tax revenue is less than that amount.
        2. Fed Govt must borrow money because they don’t have it.
        3. Fed Govt doesn’t want to borrow from private sector and actually have to pay market rate borrowing costs. The Fed Govt is adopting a loose Fiscal policy; a budget deficit.
        4. The Federal Reserve Bank adopts an accommodative monetary policy, aka printing money. Obviously they don’t actually physically print several $Trillion. Instead they shift the digits around in the books creating a debt from the Fed Govt to the the Fed Reserve and a bigger ‘bank’ balance for the Fed Govt to spend from the proceeds of the debt instrument.
        5. The Federal Govt then spends this ‘bank’ balance on whatever they appropriate.

        The $ to do all this never actually existed outside of a the books of the Federal Govt and Federal Reserve. The $ didn’t come from govt revenues. It didn’t come from the private sector. The $ used is entirely a creation of the Federal Reserve. It didnt come from the economy because it wasn’t in the economy prior to its creation.

        Without the Federal Reserve creating ‘new’ $ for this the process couldn’t have been transacted this way. To suggest otherwise seems very disingenuous or very naive, IMO.


           
           0 
           
           2
          alaskabob in reply to CommoChief. | November 22, 2022 at 1:01 pm

          A great point about the digital creation and transfer. Printing trillions of dollars would be impossible… but wasting it electronically is easy.


           
           3 
           
           0
          rhhardin in reply to CommoChief. | November 22, 2022 at 2:06 pm

          They do pay market rates. You can open your very own Treasury Direct account and buy those very debt instruments yourself with your own real money. Higher rates than banks pay, which is why people go to the trouble.


           
           0 
           
           2
          Paula in reply to CommoChief. | November 22, 2022 at 3:07 pm

          Ooh! So that’s where scammers got the idea for cryptocurrency.

          Ooooooh! So that’s why the Fed doesn’t want to be audited.


           
           0 
           
           1
          CommoChief in reply to CommoChief. | November 22, 2022 at 6:08 pm

          Rhhardin,

          I bonds have jack and squat to do with the Fed Reserve creating ‘$’ out of thin air and giving to Uncle Sam to spend for an IOU.


           
           0 
           
           0
          rhhardin in reply to CommoChief. | November 22, 2022 at 7:54 pm

          Treasury Direct is every kind of bond or note. 26W, 2Y, 30Y etc. Whatever you want. Auctions every week for the short-term ones.


           
           0 
           
           0
          CommoChief in reply to CommoChief. | November 23, 2022 at 10:25 am

          rhhardin,

          Sure and so what? Those instruments are offered at auction and the rate is set by the willingness or unwillingness of the participants to purchase those instruments.Each auction is different. There wasn’t an auction for the Covid $trillions.

          What we are discussing is the debt instruments that the Federal Reserve creates when it prints $. Those instruments are not offered at public auction. They are not paying market rates. It’s an accounting ruse.

          If the Federal Government had gone to the bond market and said ‘hey, we need another $3 Trillion’ then those $3 Trillion would have been removed from private hands into the hands of the Federal Govt.

          That didn’t happen. Instead they went to the Federal Reserve who accepted these debt instruments from the Federal Govt and moved around digits in the books to create new $ which didn’t exist prior to that action.


         
         0 
         
         2
        MattMusson in reply to rhhardin. | November 22, 2022 at 2:55 pm

        Inflation will not go away until the Restrictions on Drilling go away.

      Well, Trump was a HUGE spender. Yuge, even. At one point, red state governors had to press for legislation in their states because the Trump admin was paying people substantially more to stay home than to actually have a job. It was a huge problem, especially for smaller (convenience type) stores, the supply chain (warehouse workers, et al.), and more.

      I live in Florida, and we saw it happen here until DeSantis stepped up and said there would be no more boosted Trump “unemployment” based on faulty covid “science” the Trump admin was spouting at the time. Oddly, people went back to work when they weren’t being paid MORE to stay home. So puzzling. /sarc

      Paying people to stay home more than they can EARN by working was a recipe for economic / supply chain disaster. But Trump did it.


         
         0 
         
         0
        henrybowman in reply to Fuzzy Slippers. | November 25, 2022 at 3:04 am

        Republican presidents can do some downright stupid things.
        Like Nixon’s wage & price controls, and his junking the gold standard.
        Like Reagan’s deregulating bank investments without also trimming their deposit insurance.
        Like Trump pushing gun control that he had no authority to, and stimmies.
        All these things are things that Republicans should have been loathe to do, just by the simple fact of being Republican. And yet, they did them.

Is there nothing in this country that Putin isn’t responsible for?


 
 2 
 
 0
NotCoach | November 22, 2022 at 9:17 am

Are we sure the Republican controlled House didn’t cause this?

Progressive prices are forced by:

Medicare/Medicaid/Obamacares – 80% unfunded

Bidencares (e.g. student/university debt)

Green deals.

Some, Select [Black] Lives Matter (i.e. violence). A civilization that is no longer viable, Schumer ironically laments.

Coups with borders (i.e. Obama/Biden’s World War Spring series).

The sign on Biden’s desk reads, “The Buck Don’t Stop Here!”


 
 0 
 
 0
BierceAmbrose | November 22, 2022 at 12:47 pm

Poof grifters who thought they’d get installed, then take their cut of the traffic flowing by, without doing anything. If they had to make it work, why bother getting installed in the first place?


 
 0 
 
 0
BierceAmbrose | November 22, 2022 at 12:55 pm

Your damn job is to make it work in a turbulent world. In a world of all settled calm, we don’t need you.

(For bonus points, what kind of system is more adaptive, responsive, and robust vs. bad assumptions in it, and perturbations around it. This is where I say something snarky about The Santa Fe Institute again. If they were doing their proclaimed job, the answer to that would be “settled science” and everybody would know how that works.)


 
 0 
 
 2
Ironclaw | November 22, 2022 at 1:19 pm

No, Putin did not make your Thanksgiving dinner more expensive, Brandon the pedophile did.

Never mind the progressive war on petroleum and the West Coast ports still not being up to full production.


 
 0 
 
 0
barbiegirl ny | November 23, 2022 at 4:33 pm

This is aimed at all the uninformed idiots. They’ll take what the old rectal leak says and run with it….and, boy, doesn’t he know it.


 
 0 
 
 0
TempeJeff | November 23, 2022 at 8:43 pm

Truthful Headline: Thanksgiving Dinner Prices up 50% since Biden’s Election.


 
 0 
 
 0
jrcowboy49 | November 24, 2022 at 12:41 pm

I am tired of hearing POS Biden and democrats blaming everyone but themselves for all their problems. Look into the mirror idiots!

Leave a Comment

Leave a Reply

You must be logged in to post a comment.