At The White House, Bidenomics Takes A Holiday
Costs of festivities are down under President Biden's leadership, spokeswoman says
When they sit down for their family meals this week for Thanksgiving, folks at the White House hope Americans include President Biden in their thanks.
That's because the coming holidays will be among the cheapest on record, according to White House officials and demonstrate the stewardship of the US economy which the president and his team have dubbed “Bidenomics.”
White House press secretary Karine Jean-Pierre began her regular daily press briefing Monday by ticking through all the ways that those Bidenomics are helping Americans celebrate the holidays while keeping more money in their pockets.
Just in time for holiday travel, gas prices are down $1.70 from their peak, airline tickets are down 13 percent over the last year, and car rentals are down about 10 percent, she said.
“And as we start preparing our Thanksgiving meals, grocery inflation is at its lowest level in over two years, with prices for eggs, milk, bacon, and fresh veggies lower than last year,” Jean-Pierre added. “In fact, according to the American Farm Bureau, the cost of a Thanksgiving dinner fell this year. Prices are down for turkey, stuffing, peas, cranberries, pie crust, and whipping cream.”
This Thanksgiving dinner will be the fourth-cheapest ever as a percentage of average earnings, thanks to rising wages, she said.
“Finally, as we look ahead to holiday shopping, since last year, prices for toys are down about 4 percent, used cars and trucks are down 7 percent, and TVs are down 9 percent,” she added.
Lowering costs for Americans overall continues to be Biden’s “top economic priority,” Jean-Pierre said.
“From strengthening supply — supply chains, to lowering energy and healthcare costs, to cracking down on price gouging by banning hidden junk fees, President Biden’s policy will continue bringing relief to American families,” she said.
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