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The Biden Administration announced Monday that they will spend $1 billion of American Rescue Plan funds to expand independent processing capacity.

What he fails to mention coffee is up 7%. of course we know oil and gas is up incredibly as well that would seem to suggest there is something beyond antitrust needed to attack inflation. hey, look, on "fox & friends" we have interviewed small ranchers and farmers who have pointed out that there is a constriction in the supply chain in meat processing. and it has allowed extraordinary power to the meat processors, let's be clear, biden isn't focused on that because it's going to help solve inflation. is he focused on that because it's a distraction and a place to shift the blame away from an e...

Grocery stores, that is the way it works. >> laura: his brain, his brain is ground beef at the point. it is scary. >> i have to say, he has no grasp of this at all. according to the producer price index, laura we have sent the highest index inn a decade. that is across the economy. it is not just meat producers but biden will throw $1 billion of covid relief at bolstering independent meat processors. and then slap them with regulation as if you can antitrust your way out of inflation. that won't work. it is science of denial. we will see what happens. >> laura: raymond, i have got to say you a...

>> it was a celebratory night. we were celebrating. >> laura: what were you doing there, cutting a top off of the bottle? >> savoring. i will show you when you visit. now, look biden is targeting in the name of reducing inflation, big meat, the administration says four companies tyson and jbs control 80% of meat packing in. and they have wracked up the record profits according to biden. the president met with independent meat processors along with those cabinet members he could remember. >> i'm here with the secretary of agriculture tom vilsack the governor of the state of iowa and attorney ge...

Show the processed product to grocery stores, that is the way it works. >> laura: his brain, his brain is ground beef at the point. it is scary. >> i have to say, he has no grasp of this at all. according to the producer price index, laura we have sent the highest index in a decade. that is across the economy. it is not just meat producers but biden will throw $1 billion of covid relief at bolstering independent meat processors. and then slap them with regulation as if you can antitrust your way out of inflation. that won't work. it is science of denial. >> laura: raymond, i have got to say yo...