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CEO of grocery chain sounds alarm over the 'dumb things' US government is doing
Fox Business ^ | 5/13/23 | Agustin Hays

Posted on 05/13/2023 6:42:03 AM PDT by CFW

The CEO of New York City grocery store chain Gristedes is sounding the alarm over all the "dumb things" the government is doing as inflation persists.

When FOX Business host Maria Bartiromo asked John Catsimatidis when Americans will see a break at the supermarket he said: "When the food executives feel confident that Washington is not doing dumb things."

"When they feel that their earningsā€¦ are going to survive," he continued.

His comments came on the heels of inflation jumping 0.4% in April as prices remain stubbornly high. The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, climbed 4.9% on an annual basis, slightly below the 5% increase forecast by Refinitiv economists.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government
KEYWORDS: biden; bideneconomy; bidenflation; bidenomics; bidenrecession; bidensfault; bidenvoters; economy; ecoterrorism; ecoterrorists; food; globalwarminghoax; greennewdeal; gristedes; groceries; inflation; johncatsimatidis
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To: CFW

Better watch your stores, sir. It might accidentally go up in flames..šŸ¤“


21 posted on 05/13/2023 9:57:05 AM PDT by Deplorable American1776 (Guns don't kill people, LIBERALS DO!! Support the Second Amendment...)
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To: CFW
Inflation was going to cause the Fed to stamp it out via rate rises as having been the sole Fed method for over 50 freaking years.

Inflation alone is enough to defeat the Zombie -- inflation is insidious, it erodes not just your wages but your investments and especially your retirement!

22 posted on 05/13/2023 10:00:26 AM PDT by StAnDeliver (Tanned, rested, and ready.)
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To: CFW

Biden and his cotiterie of crazed lunatics are hell bent on their
Tmission of killing America with the exception of a very few stalwarts the RINOS stand back like Jr. Democrats and watch it happen.

The goal is so apparent Jo Jo and his band should be arrested!


23 posted on 05/13/2023 10:53:25 AM PDT by Wdempsey (Democrats and slinkys.. Both useless but fun to push down stairs.)
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To: CFW

Can you think of any part of govt doing a great job right now?


24 posted on 05/13/2023 11:37:39 AM PDT by lurk (u)
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To: George from New England

Well, a republican controlled congress passed it late in 2016 for Obama to sign, and the Trump admin didn’t really stop it, and Trump appointed Perdue announced it in December of 2018.


25 posted on 05/13/2023 11:39:53 AM PDT by ltc8k6 ( .)
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To: lurk

“Can you think of any part of govt doing a great job right now?”


Short answer: “No”
Long answer: “Hell no!”


26 posted on 05/13/2023 12:07:18 PM PDT by CFW (old and retired)
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To: skeeter

Inflation also makes it easier to pay off the debt. Inflation allows borrowers to pay lenders back with money worth less than when it was originally borrowed. For that reason, the Dems are encouraged to spend more and increase the debt. It becomes fundamentally an addiction.


27 posted on 05/13/2023 6:22:36 PM PDT by jonrick46 (Leftniks chase illusions of motherships at the end of the pier.)
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To: libertylover

Your perception is correct. Everything including food and fuel are delivered by diesel trucks. The increased cost of diesel gets passed along. This is especially cruel with groceries because the grocery industry’s profit margin is very thin to start with.


28 posted on 05/14/2023 6:33:41 AM PDT by Texas resident (We are living through Barak's fundamental transformation)
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To: George from New England

In general, the “grunts” (lower level govt employees) are competent, with the occasional exception. As one goes higher and higher in mgt, culminating in DC, one gets Biden level mgt competence. Been in govt for decades, these days the mgt is so unsupportive of the mission (ones not harming the US), that it is amazing things work at all. I am being polite here.


29 posted on 05/14/2023 7:36:55 PM PDT by OldArmy52 (Do the police protect the citizens or the criminals....in blue cities? Duh?)
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