I have been saying the inflation is due to corporate greed. Let me show you. CLEARLY.
This article in the New York Post states, basically, Biden is wrong. That he attacked corporate beef middle men when in REALITY it is inflation caused by money to the middle class during the pandemic.
By Steven Nelson
Biden blames the rising cost of beef on corporate “middlemen” rather than decades-high inflation that has caused the prices of food and consumer goods to spike.
Economic reality took a bite out of President Biden (click here) over the holidays when a family friend griped in his Delaware home that ground chuck can now cost $5 per pound.
But the president said Monday his beef was with corporate “middlemen” rather than decades-high inflation that has caused the prices of food and consumer goods to spike.
“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 recounted during an event focused on ways to reduce meat prices. “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....
President Joe Biden is absolutely correct. See, no one is really doing their homework, so allow me. Below is a link to a DAILY program called "National Beef Wire." You need to listen to it daily because it carries the hardship of the cattle industry at the farm level with lousy prices that reflect corruption and deception.
The gentleman's name is "Corbitt Wall." He speaks to the drought in western Oklahoma and the outrage that the cost of CORN is going sky-high and for some unknown reason is dropping the price of cattle with weight on them ready for sale. He states clearly today, the price of CORN only should effect the "feeder cattle" that are being purchased to grow the next herd for raising and then selling for consumption.
Corbitt Wall is absolutely correct in that the cattle currently ready for market have already eaten the CORN they need to eat and are ready for sale AND there is no reason why the slaughter houses are USING THE EXCUSE the high price of corn MUST result in across the board drop in cattle prices.
Got that? If you don't understand it then I strongly suggest you write to Mr. Wall and have him explain it to you. It is as plain as the nose of any cow in the feedlot's face ready for sale NOW.
THIS IS EXACTLY WHAT PRESIDENT JOE BIDEN FOUND WHEN HE HEARD THE COMPLAINT ABOUT $5.00 A POUND BEEF.
IT IS PRICE GOUGING AND AT ONE END IS THE SLAUGHTER HOUSES ROBBING THE CATTLEMEN BECAUSE OF THE HIGH PRICE OF CORN WHEN IT DOESN'T APPLY AND AT THE OTHER END IS THE SLAUGHTER HOUSES ROBBING THE CONSUMER WHEN SELLING THEIR SLAUGHTER COWS TO PLACES WHERE AMERICANS PURCHASE THEIR GROCERIES.
President Joe Biden has been the best friend he can be to this country and our allies and just because his programs don't work overnight like the petroleum industry and their prices, doesn't mean he is selling the American people a bill of goods.
It isn't he that is pulling the wool over the eyes of Americans IT IS THE LOUSY MIDDLE MAN at the slaughter house.
Honestly!
