Most of the time lobster has not even been (very) expensive. Record catches in Maine pushed prices to historic lows in 2012 and 2013.
BUT, despite Obama’s effort to improve the economy in other ways, lobster prices have risen at
the biggest rise in recorded history over the last two years. Wholesale live lobster in Boston reached as high as $5.25 a pound on June 9. That is approaching the price of Dungeness crab!
This is the Obamas’ fault. According to ABC’s Jake Tapper, the Obamas do not even respect the tradition. Lobster is supposed to be boiled. When the Obamas go to the Vineyard, however they savor lobster tempura at the trendy State Road Restaurant in West Tisbury or go to The Sweet Life Cafe in Oak Bluffs where Barack has the lobster pasta appetizer while Michell has the surf and turf entrée – the “surf” being a lobster tail .
This is a tragedy. If this continues, lobster will be out of reach for the common folk.