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This Thanksgiving, we have reasons to be thankful. Despite challenges like inflation and Russia's war, there has been progress. Gas prices have dropped $1.70 from their peak, airline tickets are down 13%, and car rentals are down about 10%. Grocery inflation is at its lowest in over 2 years, with prices for eggs, milk, bacon, and fresh veggies lower than last year. The cost of a Thanksgiving dinner has also fallen, with prices down for turkey, stuffing, peas, cranberries, pie crust, and whipping cream. Wages are rising, making this Thanksgiving dinner the fourth cheapest ever as a percentage of average earnings. Additionally, prices for toys, used cars and trucks, and TVs have decreased since last year. President Biden's priority is to lower costs for Americans and bring relief to families by strengthening supply chains, reducing energy and healthcare costs, and banning hidden junk fees.

Speaker 0 reviewed a Walmart order from two years ago, where 45 grocery items for a month cost $126. Using the reorder function, the same 45 items now cost $414. This represents a fourfold increase in price.

The cost of basic food items is up. Eggs are up 48%, cookies are up 27%, and butter is up 31%. This is just the beginning, and it's a disaster.

In BC, life is expensive. I recently spent $102 on groceries, which included salami, sausages, blackberries, raspberries, soup, bagels, yogurt, melon, eggs, and chicken. This amount of food will probably only last 2 to 3 days. It's now expected to spend $300 to $500 per week to feed a family. This is incredibly high and sickening.

Rent, groceries, car insurance, utilities, and everyday expenses have skyrocketed in price over the past few years. The speaker used to pay $1200 for rent, but now it's a staggering $21100, not including utilities. A simple trip to the grocery store cost them $67 for just three bags of chips, ground turkey, and vegetables. Their car insurance has also increased from $130 to $240 per month, despite having a clean driving record. Electric bills have gone up from an average of $45 to $125. Even buying a can of dip costs $8. The speaker is frustrated with the rising cost of living.

With less than a year until the 2024 presidential election, Democrats are abandoning the term "Bidenomics" as the economy under Biden faces increased criticism. Since taking office, consumer prices have risen by over 17%, gasoline prices by over 35%, and credit card debt by over 40%. On the other hand, wages have decreased by nearly 3%. The president continues to emphasize job numbers, despite Americans being more concerned about inflation and rising prices, which have surpassed 3%. The Wall Street Journal highlights this discrepancy, noting that the president's focus on jobs presents a more favorable image for him.

The speaker reveals the true food inflation by comparing prices at Costco with photos he took a year ago. He points out the significant price increases, such as Madras lentils going from $6.99 to $15.99, and chicken broth increasing from $5.69 to an undisclosed price. The speaker expresses disbelief at the reported 6% to 7% inflation rate, suggesting that the government manipulates data in a questionable manner.

In 2019, cereal prices were $2.49, but by October 2023, they increased by $2, an 80% hike. Americans are angry about rising food prices. Kroger plans to buy Albertsons, making it the 4th largest grocer. People worry that this merger will lead to higher prices and fewer choices. The FTC previously allowed a merger between Safeway and Albertsons, but it didn't go well. The new company sold some stores to maintain fair competition, but the buyer, Haggen, went bankrupt within a year. Now, Kroger's proposed merger with Albertsons faces scrutiny from the FTC. The FTC is concerned about the potential for higher prices, lower quality, and reduced benefits. The decision will have significant implications for consumers and the food industry.

There's so much more that goes into the cost of our food than just the actual food itself. There's a lot that goes into the producing it, moving it around, the transportation, the marketing, getting it on the shelves. It's not just the food. It's all of the inputs that go into it. Unexpected global events set the stage for a sudden rise in food costs. It was a global pandemic. There were disruptions all around the world in terms of production at the same time that you just have this unexpected, unprecedented wave of demand, that is a recipe for it to really break down and you to go into grocery store and see empty shelves or go into grocery store and see really higher prices.

Welcome to 2025, where a dozen eggs costs $12. An 18-pack of fizzy drinks is available, and a smaller pack is priced at $10. It's shocking to see that these used to be three for $5. Please send help.

The cost of basic foods is increasing. Eggs are up 48%, cookies are up 27%, and butter is up 31%. This is just the beginning, and it's a disaster.

Americans can expect higher prices for Thanksgiving due to inflation under President Biden's administration. Since taking office, food prices have risen over 17%, with frozen vegetables and uncooked beef steaks up almost 11%. Even sauces and gravies have increased by 7.5%. The consumer price index rose at an annual rate of 3.2% in October, and the inflation we've already experienced has not been resolved. A recent poll shows that two-thirds of adults have seen their household expenses rise, and 73% describe the national economy as poor. Only 21% believe their financial situation has improved under Biden. Single subject spending bills are advocated as a solution to cut spending, as opposed to continuing resolutions and omnibus bills. The Biden administration's claim of a 16¢ decrease in food costs has proven untrue.

Energy costs and gasoline prices are way down. Grocery costs are also coming down, and the country is finally getting costs under control. No one wants to talk about it because the news is so positive. The price of eggs has plummeted by 50%, but no one has written about it yet.

Everyday prices are too high, including food, rent, gas, and back-to-school clothes, which is called Bidenomics. A loaf of bread costs 50% more today, and ground beef is up almost 50%. There's not much left at the end of the month. Bidenomics is working. The price of housing has gone up, and it feels hard to get ahead. The speaker states they are very proud of Bidenomics.

The speaker believes that the government has been lying about inflation for decades. They mention an article in the New York Times that claims inflation is declining, but groceries remain expensive. The speaker explains that the Consumer Price Index (CPI) is used to measure inflation, but it can be manipulated by the government. The CPI now considers changes in the quality of goods and allows for substitutions, which can result in lower reported inflation. The Bureau of Labor Statistics, which calculates the CPI, operates with secrecy and does not make the raw data available to the public. The speaker questions the lack of transparency and suggests that inflation may be higher than reported.

"For the past few years, Amanda Williams has happily been a stay at home mom of two, soon to be three kids." "Me and my husband had agreed when we started having kids that I would be a stay at home mom and take care of the kids in the house and that he would work and provide." "But with inflation hitting levels not seen in four decades, she says a single income just doesn't cut it anymore." "My grocery bill has gone up almost $300 extra a month than what we were already paying." "Economists say that Arkansas families are now estimated to be spending about $450 more a month due to inflation."

Some people feel good about the economy, while others feel bad. Shelley believes that groceries and gas prices have increased compared to previous years. Despite low unemployment rates, higher wages, easing inflation, and a thriving stock market, she disagrees that these factors are positively impacting her day-to-day life. Another person, who retired three years ago, shares that they are not benefiting from the stock market's success and had to dip into their retirement savings due to the current economic situation. They feel they are not earning the same amount of money as before.

Experts question how far policies can really go to affect food prices. "There's no silver bullet in terms of bringing down food costs." "We've went through a brutal inflationary cycle for food." "There's really nothing government policymakers could really do about this." "This is not something unique to The United States." "This has been felt around the world." "The uncertainties introduced by the current political climate also make it challenging to predict the future of grocery prices." "There's no doubt that tariffs will massively make things more expensive, especially food." "So any food that we import gets a lot more expensive when you add a tax on that." "Same thing with mass deportations." "So I think there's absolutely no doubt that things will get more expensive under some of the policies that we're seeing the Trump administration propose."

Inflation numbers may appear normal, reflecting a 2.3% change between two points. However, this doesn't reflect the lived experience of many, who are experiencing a 20% difference in prices. This discrepancy highlights a disconnect between official inflation measurements and the actual cost of living crisis.

A loaf of bread costs 50% more today than before the pandemic. Ground beef is up almost 50%.

The President mentioned that inflation was high when he took office, but it was actually 1.4% in January 2021. The pandemic and supply chain disruptions caused inflation to rise globally. The situation worsened due to Russia's war in Ukraine. The President took action to address supply chain issues, like releasing oil reserves. Progress has been made in lowering costs and managing inflation since then.

The speaker argues that the affordability crises facing Americans are traceable directly to Joe Biden and congressional Democrats. The speaker attributes three specific failures to this leadership, presenting them as causal factors behind rising costs and economic strain. First, the speaker claims that homes have become unaffordable because “we had 20,000,000 illegal aliens in this country taking homes that ought by right to go to American citizens.” This assertion links housing affordability directly to immigration levels and a perceived misallocation of housing resources. Second, the speaker contends that tax bills have become unaffordable because “Democrats were raising taxes while congressional Republicans under president's leadership were now cutting taxes.” In this view, tax policy under Democrats is framed as punitive to ordinary Americans, in contrast to Republican tax reductions during the same period. Third, the speaker asserts that food has become more expensive due to “trillions of dollars” being printed and directed into “green scams that made our agricultural economy suffer while Americans were paying higher prices for food.” This claim connects monetary policy and climate-related or green initiatives with increased food costs. Across these points, the speaker emphasizes a consistent narrative: on each major affordability issue—housing, taxes, and food—the administration’s and Democrats’ policies are presented as the root cause. The speaker concludes with, “On every single one of those issues, mister president, I think we've made incredible progress,” signaling a claim of progress despite the cited problems. The statement implies that while the speaker believes progress has been made, the underlying causes identified for each affordability challenge remain central to the discussion.