'People can feel the pain': Analyst highlights 'very troubling number' for White House
The rising cost of eggs played a major role in Donald Trump's election win, and CNN's harry Enten said voters are growing frustrated that prices keep going up.
The president promised during the campaign to bring down grocery and egg prices on “Day One," but a combination of factors, including bird flu, have driven up the costs of eggs so much that some restaurants are charging extra for them and store owners are selling them individually.
"They absolutely do seem to be worried," Enten said about Trump administration officials. "I'll give you a reason why that they're worried. You know, we look at the polling data, Trump's push to drop the goods, the prices of daily goods, I mean, the key number here is 62 percent – 62 percent of Americans believe that Trump has not gone far enough to drop the prices of daily goods."
ALSO READ: 'Gotta be kidding': Jim Jordan scrambles as he's confronted over Musk 'double standard'
Agriculture secretary Brooke Rollins published an op-ed published Wednesday in The Wall Street Journal announcing a five-point strategy to help stabilize the egg market over the next three months, but Enten said that might not be enough to satisfy the public.
"When you're dealing with 80 percent of people eating eggs at least once a week, I think that is a real part of this sort of phenomenon, of the fact that Donald Trump was put in the White House to lower prices," Enten said, "and simply put, when it comes to the thing that Americans deal with most on a daily basis, he has not done so. This, I think, is a very troubling number for the White House."
Enten visited a bodega in New York City to check out egg prices for himself.
"The bodega that we went to was just a few blocks from where my father worked, and so I had this real feeling of nostalgia," he said. "But egg prices are out of control, okay, they're out of control. What are we talking about? I mean, in January, the price for a dozen eggs reached a record high, we're talking, like, $4.95 per dozen eggs, and eggs are, prices are only expected to rise this year even further. We're talking about more north of a 40 percent rise, after about a 95 percent, 96 percent rise from last year to this year, and, of course, eggs are such a staple of the American diet. That is what's so important to keep in mind, right? You know, we talk about ways that people might feel the economy."
"You know, we talk about the stock market, but, you know, only about 60 percent of Americans own stock," Enten added. "We're talking about 80 percent of Americans who eat eggs weekly at least once a week, and then even more will eat it more occasionally than that. That's a real way that people can feel the pain of this economy right now."
Watch below or click the link here.
- YouTube youtu.be