Former trade advisor to President Donald Trump, Peter Navarro, recently spoke with the folks over at Newsmax where he stated that by tossing out the Trump-era policies, President Joe Biden is setting Americans up for a “very expensive” Christmas season.
“That’s criminal that (administration officials) would say that this inflation is transitory,” Navarro went on to say during an interview on “The Chris Salcedo Show” Wednesday. “At the beginning, when you’re growing crops, or you’re doing fertilizer for your Turkeys, or your pork, or beef, that’s all energy. It’s natural gas, and when energy prices go up, that creates a food price shock as well. So, those two forces are bearing down on what’s going to be a very expensive Christmas for the American people.”
When Biden took office in January, he reversed most of the policies Trump put in place, Navarro said, “crashing” a robust pre-COVID-19 pandemic economy.
“Joe Biden has undone everything on the economy President Trump did to take us to the strongest and most resilient economy we’ve ever had, (now it has) crashed, Navarro went on to say. “(There are) serious, serious, issues going into the holidays. I take no pleasure in the fact that Joe Biden is undoing Trump’s policies and creating all of this misery.”
As the nation prepares to enter the holiday season with Thanksgiving just around the corner next month, Americans are likely to prepare the most expensive holiday dinner in history, according to several reports.
CBS News reported Tuesday that sharply rising inflation is going to mean around a 4 percent increase in the price for a family of 10 to make Thanksgiving dinner this year, compared to the lowest cost in a decade for that holiday meal recorded just last year, in 2020.
“When you go to the grocery store and it feels more expensive, that’s because it is,” Veronica Nigh, who works as a senior economist at the American Farm Bureau Federation, went on to tell news outlet CBS, going on to add that food prices have gone up 3.7 percent thus far in 2021, versus a 20-year average of 2.4 percent.
“According to the report, Nigh said that 10 percent of the prices relate to farming food products while 90 percent are due to wages, distribution and other costs, which the current supply chain crisis is hampering,” the Newsmax report stated.
A really good example of this is the current price for a turkey, which is a staple of Thanksgiving dinners all across the country. This year a turkey will likely cost more than $1.36 per pound, which is far above the benchmark price that was set back in 2015, according to a report from the New York Times.