Inflation hurting ‘every aspect’ of American business: Andy Puzder
WSJ poll found that 57% of small business owners fear the economy is getting worse
Author Andy Puzder outlines the cost of inflation on small businesses and global industries resulting from the Biden administration’s economic policies.
"It's Time to Let America Work Again" author Andy Puzder argued on "Varney & Co" Tuesday that it is "too late" for the Biden administration to make "significant progress" in the failing American economy amid rising inflation.
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ANDY PUZDER: It is too late to make significant progress before November. Look, businesses always deal with inflation. The problem right now is they're dealing with inflation in every aspect of their business, you know, materials, labor, commodities. And then you look at the consumer side of it, you know, for people who have money to buy things and you see no policies to improve gas prices at the pump, no real energy policies and no prices to lower food costs which are rising worldwide.
Andy Puzder told FOX Business "it's too late to make significant progress" on the economy before November. ( Daniel Acker/Bloomberg via Getty Images)
So if you're running a small business, you're hit with all these cost pressures and you're not seeing anything that indicates consumer demand is going to increase beyond where it is now. So, of course, you're going to be negative about the future. And there's really not a lot that Biden can do about it unless he enacts some supply-side policies, as Larry Kudlow would say, cut taxes, regulation, focus on domestic energy, and it might get better.
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Author Andy Puzder unpacks the consumer economy amid price hikes, global food shortages and fears of recession.