President Biden made a startling discovery over the holidays: beef prices are skyrocketing!
“I was sitting in my kitchen yesterday and here’s a sunroom off the kitchen and my wife was there with her sister and a good friend named Mary Ann,” Biden shared Monday. “And she was saying, ‘Do you realize it’s over $5 for a pound of hamburger meat? $5?’”
“Well, this is partly, you know, the pound of beef today costs five bucks compared to less than four bucks before the pandemic,” Biden continued.
“And here’s some historical context: Fifty years ago, ranchers got over 60 cents for every dollar a family spent on beef,” said Biden. “Today, they get about 39 cents. Fifty years ago, hog farmers got 40 to 50 cents for each dollar they spent. Today, it’s about 19 cents. And the big companies are making massive profits.”
“While their profits go up, the prices you see in the grocery stores go up commensurate,” Biden added. “And the prices farmers receive for the products they are bringing to market go down. This reflects the market being distorted by lack of competition.”
And who created that lack of competition? The government.
Mock n’ Rob explain in the clip below.