Biden blames businesses for inflation: “It’s time to stop the price gouging”

The president admitted that prices are too high, but did not accept responsibility. He also wrongly claimed that this year's Thanksgiving dinner was the fourth cheapest ever.

The president of the United States, Joe Biden, admitted that there are still many consumer products that continue to have high prices, but, at the same time, he did not accept his responsibility for the inflation crisis.

The Democratic president directly criticized businessmen and “large corporations” for not lowering prices after an 18% jump in consumer costs since he took office.

“We know that prices are still too high for too many things — that times are still too tough for too many families,” the president said on November 27 before the media.

“We’ve made progress, but we have more work to do,” Biden continued. “Let me be clear to any corporation that has not brought their prices back down, even as inflation has come down, even as the supply chains have been rebuilt: It’s time to stop the price gouging and give the American consumer a break.”

Before partly blaming businessmen for the inflationary situation and the high cost of some products, the president falsely claimed that his administration managed to reduce Thanksgiving food prices, making this year’s dinner the fourth cheapest in history.

“Well, this past week, as Americans gathered around their own kitchen tables for Thanksgiving dinner, that was our goal: to give them a little more breathing room. And together, we made progress,” Biden said. “You know, from turkey, to air travel, to a tank of gas, costs went down. They went down.”

“Now, to people making a lot of money, that doesn’t matter a whole lot, because the costs are relatively small compared to wealthy incomes. In fact, as a share of earnings, this Thanksgiving dinner was the fourth cheapest ever on record. And I want you all to know that,” stated the president.

However, a report from the American Farm Bureau Federation found that the average cost of a Thanksgiving dinner for ten people this year was 25% higher than in 2019.

In fact, the study found that this year’s dinner was the second most expensive in nearly four decades, with the average recorded price ($61.17) second only to last year’s.