What happens to small business when the Biden Administration ignores Inflation?
Everybody suffers?
Small business owners believe the Biden Administration ignores their struggles to survive inflation. CNP / Polaris
Biden downplaying the Labor Department report released Wednesday that showed inflation rose at the fastest pace in four decades in December (7 percentage points) as an example of how disconnected he is from the people he serves. Biden said “we are making progress” and claimed there was a reduction in inflation in the past month.
Of the four restaurants Rick McQuaide owns across several counties in Western Pennsylvania, one is barely making a profit, two are losing money and the fourth has been “temporarily” closed for far longer than he ever anticipated.
“A case of premium jumbo lump crab normally cost us $100 a case; over the past few months that cost has spiked to $600 for that same case.” This same restaurant owners family is in the trucking industry and they’re struggling.