The Unintended Consequences of 'Bidenomics': A Small Business Owner's Perspective

1 min read
Source: Fox Business
The Unintended Consequences of 'Bidenomics': A Small Business Owner's Perspective
Photo: Fox Business
TL;DR Summary

Small business owner Brian Maloof of Manuel's Tavern in Georgia criticizes President Biden's economic policies, known as "Bidenomics," stating that inflation is still hurting small businesses and Americans. Maloof explains how his restaurant has had to raise prices due to historic price increases in critical services, such as utilities and accounting. Despite some improvements in food costs, the overall economy is still struggling, with labor shortages, decreased customer spending, and rising expenses for individuals. Inflation remains a problem, with consumer prices up 15% from January 2021, forcing small businesses like Manuel's Tavern to pass costs on to consumers. Maloof hopes that other business owners and local leaders will speak up about the disconnect between "Bidenomics" and the reality for most Americans.

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