Economic reality took a bite out of President Biden 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 price 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.

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