{"id":1187818,"date":"2022-01-04T16:21:26","date_gmt":"2022-01-04T21:21:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1187818"},"modified":"2022-01-04T16:21:36","modified_gmt":"2022-01-04T21:21:36","slug":"biden-issues-plan-targeting-u-s-meat-firms-in-efforts-to-alleviate-inflation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-issues-plan-targeting-u-s-meat-firms-in-efforts-to-alleviate-inflation\/","title":{"rendered":"Biden issues plan targeting U.S. meat firms in efforts to alleviate inflation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-issues-plan-targeting-u-s-meat-firms-in-efforts-to-alleviate-inflation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1187818&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2626435\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-2626435\" class=\"size-full wp-image-2626435\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/AP22003747593987.jpg\" alt=\"President Joe Biden attends a virtual meeting with family and independent farmers and ranchers including Scott Blubaugh, President, Oklahoma Farmers Union, visible on the monitor, at the South Court Auditorium in the Eisenhower Executive Office Building on the White House Campus in Washington, Monday, Jan. 3, 2022, to discuss work to boost competition and reduce prices in the meat-processing industry. (AP Photo\/Andrew Harnik)\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/01\/AP22003747593987.jpg 1024w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2022\/01\/AP22003747593987-315x210.jpg 315w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2022\/01\/AP22003747593987-655x437.jpg 655w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2022\/01\/AP22003747593987-768x512.jpg 768w\" \/><\/p>\n<p id=\"caption-attachment-2626435\" class=\"wp-caption-text\">President Joe Biden attends a virtual meeting with family and independent farmers and ranchers including Scott Blubaugh, President, Oklahoma Farmers Union, visible on the monitor, at the South Court Auditorium in the Eisenhower Executive Office Building on the White House Campus in Washington, Monday, Jan. 3, 2022, to discuss work to boost competition and reduce prices in the meat-processing industry. (AP Photo\/Andrew Harnik)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 12:23 PM PT \u2013 Tuesday, January 4, 2022<\/h5>\n<p>Joe Biden attempted to tame record high meat prices with more government spending. On Monday, he met virtually with independent farmers and ranchers to lay out initiatives to reduce food prices by increasing competition within the meat industry.<\/p>\n<p>During the meeting, Biden said he plans to earmark $1 billion in funds from the American Rescue Plan to expand processing capacity for independent meat firms. The sum includes $275 million in capital support and $100 million towards job development and training. Additionally, Biden will also tighten rules governing Product of USA meat labels among other steps.<\/p>\n<p>The move is Biden\u2019s latest effort to alleviate pressure on Americans at the grocery store as inflation has hit an all time high in decades. The administration argues large companies have stifled competition increasing inflation and higher costs of meat and everyday items for people.<\/p>\n<blockquote>\n<p><strong>\u201cThis reflects the market being extorted by lack of competition,\u201d Biden stated. \u201cI\u2019ve said it before and I\u2019ll say it again: capitalism without competition isn\u2019t capitalism; its exploitation. That\u2019s what we are seeing in meat and poultry.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>However, Biden said his problem is with corporate middlemen rather than inflation that has caused prices to sky rocket. The U.S. price index rose 6.8 percent in November, which is the highest in almost 40 years.<\/p>\n<p>Despite this, Biden somehow shifted blame to 45th President Donald Trump despite Trump\u2019s efforts to fight for farmers and ranchers in rural America.<\/p>\n<blockquote>\n<p><strong>\u201cFor example, the Department of Agriculture is rewriting the rules under the Packers and Stockyards Act, which was a law back in to 20s that was needed at that time and is still needed to protect farmers and ranchers from abuse by processors,\u201d Biden noted. \u201cThe last administration weakened that law, making it possible for the abuse that we\u2019re seeing now.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>Additionally, meat industry critics were quick to blame Biden for high meat prices rather than meat processors while&nbsp; arguing the American Rescue Plan pumped $1.9 trillion into the economy without new revenue streams. This in return, devalued the U.S. dollar.<\/p>\n<p>Furthermore, meatpacking industries and business groups stressed the Biden administration\u2019s steps wont help American consumers, adding promised new government spending to expand independent meat processing will come to late to lower prices for consumers and producers. The market has already begun to balance itself between supply and demand, evening out price hikes.<\/p>\n<p>Looking ahead, Joe Biden is scheduled to highlight the economy\u2019s strengths on Friday as the December job reports is expected to be released.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/anti-trumpers-think-trump-will-be-nominee-in-2024\/\">Anti-Trumpers Think Trump Will Be Nominee In 2024<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p> &#8230;<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1187818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1187818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1187818"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1187818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1187818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1187818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1187818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}