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Economy

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mahatmakanejeeves

(64,713 posts)
Fri Nov 24, 2023, 05:19 PM Nov 2023

The viral $16 McDonald's meal that may explain voter anger at Biden [View all]

ECONOMIC POLICY

The viral $16 McDonald’s meal that may explain voter anger at Biden

As some Democrats fear social media is exaggerating economic problems, the White House faces a crucial choice on election strategy

By Jeff Stein and Taylor Lorenz
November 24, 2023 at 6:00 a.m. EST

On Dec. 20, 2022, Topher Olive went to a McDonald’s in the town of Post Falls, Idaho, and ordered a limited edition “smoky” double quarter pounder BLT with fries and a Sprite. The meal cost $16.10, and he posted the receipt on TikTok.

Even though he had ordered a novelty item, Olive’s video about a $16 McDonald’s order went viral, racking up hundreds of thousands of views. After a McDonald’s revenue report recently, the same post went viral again earlier this month, with at least a half-dozen news outlets — including the Washington Examiner, the New York Post and Newsmax — picking up the story of Olive’s pricey patty. One YouTube video from this month with 2 million views inaccurately describes it as “a Big Mac meal” that cost $16. Posts on Reddit, the conservative site Twitchy and elsewhere tied the cost to President Biden’s economic management: Inflation, the theory went, had gotten so out of control that the price of a fast-food burger was approaching $20.

[ The economy is booming, but inflation continues to sour Americans ]

These stories soon reached the White House Office of Digital Strategy, which tracked the meme as one of many exaggerated examples of the nation’s economic woes, according to a White House official, speaking on the condition of anonymity to reflect internal discussions. In reality, inflation has been steadily subsiding, and last week the government reported price hikes had eased yet again in October. The average Big Mac nationally as of this summer cost $5.58, up from $4.89 — or roughly 70 cents — before Biden took office, according to an index maintained by the Economist. That’s up more than 10 percent, but it’s not $16.

And yet one anomalous price from one store in Idaho 11 months ago was ripping through people’s social media feeds as if it explained the entire economy. One Democratic official, who spoke on the condition of anonymity to describe private conversations, said: “What are we supposed to do, tell the president or Chuck Schumer to send a tweet saying, ‘Hey, most Big Macs aren’t that expensive?’ It would look ridiculous.” A spokesperson from McDonald’s did not return a request for comment.

The Big Mac conundrum reflects what Biden aides and senior Democratic officials regard as one of their most vexing challenges ahead of the 2024 presidential election. Even as inflation has fallen to a manageable 3 percent, and although the labor market has remained hot amid strong growth, voters still don’t like the economy, and they blame the president.

{snip}

By Jeff Stein
Jeff Stein is the White House economics reporter for The Washington Post. He was a crime reporter for the Syracuse Post-Standard and, in 2014, founded the local news nonprofit the Ithaca Voice in Upstate New York. He was also a reporter for Vox. Twitter https://twitter.com/jstein_wapo

By Taylor Lorenz
Taylor Lorenz is a columnist at The Washington Post covering technology and online culture. Before joining The Post, she was a technology reporter for the New York Times. Previously, she was a technology reporter at the Atlantic and the Daily Beast.
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