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Economy

Nunes: You Can’t Unplug An Entire Economy And Expect Things To Go Back To Normal

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Rep. Devin Nunes told Fox New’s host Laura Ingraham Tuesday night that an entire economy can’t be shut down and eventually go back to normal.

“If we don’t start to get people back to work in this country over the next week to two weeks, I don’t believe we can wait until the end of April,” The House Intelligence Committee Ranking Member said. “I just don’t know of any economy that’s ever survived where you unplug the entire economy and expect things to go back and be normal.”

He added, “The more tests that are out there, the more people that are getting testing, let’s learn about the treatments, let’s get good data as to who’s being impacted, and let’s figure out a way to get back to work.”

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Economy

Psaki Dismisses The Price Of The Most Expensive Thanksgiving Ever

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Jen Psaki
Photo by BRENDAN SMIALOWSKI/AFP via Getty Images

White House Press Secretary Jen Psaki minimized the strain that the inflation crisis is putting on Americans as she was asked about President Biden’s decision to go to “a billionaire’s compound in Nantucket” for the most expensive Thanksgiving in history.

“What message does it send to the middle-class Americans President Biden says that he’s trying to help who are struggling this week to cover the cost of the most expensive Thanksgiving ever, that the president is going to take a few days off at a billionaire’s compound in Nantucket?” Fox News’ Peter Doocy asked.

“Well, first I would say, I don’t know if you’ve ever cooked a turkey before, but a twenty-pound turkey is a pretty big turkey, I think we can all agree. They’re about $1 more,” Psaki said.

It should be noted that the price of a turkey is 24% more expensive than last year, and the overall Thanksgiving dinner is 14% more expensive.

“So not to minimize that, any increase in prices is something the president is concerned about, as is evidenced by his announcement today and as his efforts to push forward on additional relief for the American people,” Psaki continued. “But I just want to be clear that there’s an abundance of Turkeys available, about $1 more for a 20-pound bird, which is a huge bird, if you’re feeding a very big family and that’s something that again, we’ve been working to make sure people have more money in their pockets to address it as the economy is turning back on.”

While the Biden administration claims they have been working “to make sure people have more money in their pockets,” inflation has resulted in people earning less. According to the Department of Labor, as of October 2021 “real average hourly earnings” and “real average weekly earnings” had decreased 1.2% and 1.6% from last year, respectively.

In contrast, the Trump economy saw an increase in “real average hourly earnings” and “real average weekly earnings” 3.2% and 5.0%, respectively, from pre-pandemic October 2019 to the height of the pandemic in October 2020.

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