Home Depot co-founder explains how people are “getting killed” by inflation

Home Depot co-founder Bernie Marcus recently launched a scathing critique of President Biden’s economic policies, expressing concern that the measures contributing to rising inflation are significantly burdening American households and the customers of Home Depot. In an exclusive interview with FOX Business senior correspondent Charlie Gasparino, Marcus didn’t mince words about his apprehensions regarding the impact of Biden’s decisions on the nation’s economic landscape.

The co-founder, known for his sharp commentary, slammed Biden’s policies, citing their role in exacerbating the escalation of prices, which has directly impacted consumers. While acknowledging the recent decline in inflation from its peak, Marcus underscored the continuing strain felt by ordinary Americans, particularly the middle class and the economically disadvantaged.

“I never anticipated anything like what we’re going through,” Marcus commented on the current situation, expressing his exasperation with the state of affairs. He directly linked the surge in inflation to the reduced drilling initiated by the current administration, attributing this to the subsequent chain of issues affecting businesses and citizens across the spectrum.

Marcus, emphasizing his empathy for the struggles of small business owners and Home Depot customers, voiced his worries about the financial challenges faced by ordinary Americans, ranging from increased gas prices to mounting costs of daily essentials. “They’re getting killed. They can’t afford to fill their cars with gas. They can’t afford to put a good meal on the table for their families. They can’t afford their rent. They can’t afford their insurance,” Marcus pointed out, highlighting the pervasive nature of the problem.

The concerns raised by Marcus come at a critical juncture when the Federal Reserve’s efforts to combat inflation have come under scrutiny. Despite leaving the interest rates unchanged, the central bank has remained vigilant about the persistently high inflation levels, signaling potential further actions to address the issue.

As the Biden administration grapples with the challenges posed by the economy, the debate surrounding inflation and its impact on everyday Americans continues to reverberate across the nation. With the upcoming FOMC meeting expected to address the potential for additional rate hikes, the economic policies in play are crucial to the livelihoods of millions of Americans. The concerns expressed by Marcus underscore the urgent need for sustainable solutions that can alleviate the financial strain on households and businesses alike.