By Alden L. Benton
I hope you enjoyed your Thanksgiving Day feast this year, because if federal policies don’t change, you may have to eat Spam next year instead of turkey.
According to Andrew Packer in a moneynews.com article, this year’s traditional turkey feast cost you 13 per cent more than it did in 2010 and the turkey alone cost 22 per cent more. This, according to Packer, is on top of a 28 per cent increase in the cost of turkey from 2009 to 2010.
A 50 per cent increase in the cost of turkey is nothing to be thankful for.
Why the sudden, severe increase? There has been no great increase in the demand for turkey. There has been no disease or environmental catastrophe decimating the turkey supply.
The problem is the giant turkey, better known as the federal government bureaucracy.
The monetary policies of Fed Chairman Ben Bernanke cause inflation. Inflation is a hidden tax on everyone which disproportionately affects the poor. While America is beginning to feel the inflation pinch in its food budget, Bernanke, like Nero, fiddles, stating inflation is “transitory.”
I think the Chairman better check his dictionary. Dictionary.com defines transitory as not lasting or, lasting only a short time. Two years of 25 per cent inflation is not transitory, not even in Mr. Bernanke’s fantasy world.
However, Fed monetary policy is only part of the problem.
According to Packer, “Turkey farmers are blaming the rising prices on how much it costs to feed a turkey (and other livestock) these days. Corn makes up 60 percent to 70 percent of the cost of raising a turkey.”
Got milk? Dairy cows are fed corn. Prefer ham instead of turkey for the holidays? Hogs are fed corn. Chicken or eggs? Corn again.
Why, you ask? It’s the big turkey again.
Due to federal mandates and subsidies, we now use more corn for an inefficient fuel additive (ethanol) than we do for food. In addition, more federal turkey rules keep foreign, non-food bio-fuels uncompetitive.
The giant turkey demands more of your taxes while at the same time forcing you pay more at the pump and more at the supermarket to feed your family.
As you watch your food budget shrink, ask yourself if this giant, resource-gobbling behemoth is what the Pilgrims envisioned in the Mayflower Compact, or, is it what the founders foresaw when they crafted the Constitution.
I think not.
It is, however, the direct result of decades of failed government policies exacerbated by President Obama and his band of clueless idiots.
©2011 Alden L Benton/Independence Creek Enterprises
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