November 6, 2023 3:18pm EST
Home Depot co-founder: My customers are 'getting killed' by Biden’s inflation
Bernie Marcus warns that inflation is crushing consumers' household finances
By Eric Revell FOXBusiness
Home Depot co-founder Bernie Marcus says he's worried that President Biden’s economic policies that helped fuel inflation are crushing the household budgets of American consumers and Home Depot customers.
Marcus, who co-founded Home Depot in 1978, spoke with FOX Business senior correspondent Charlie Gasparino for a wide-ranging interview in which he blasted Biden’s economic policies for exacerbating the rise in prices that face consumers. Year-over-year inflation hit a 40-year high of 9.1% in June 2022 amid an influx of federal spending as well as supply chain issues. While inflation has declined to 3.7% as of September, it remains nearly double the Federal Reserve’s target rate of 2%.
"I never anticipated anything like what we’re going through," Marcus said of Biden. "I wake up every morning and I say, ‘What is this dunce going to do today?’"
"He cut back drilling, he caused the inflation, the inflation caused every other problem for every businessman, for every American," Marcus said. "And the people that he’s supposed to represent – the poor people, the middle class – they’re getting killed today."
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https://www.foxbusiness.com/markets/home-depot-co-founder-my-customers-getting-killed-bidens-inflation
