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Consumers could be in a 'world of hurt' if Biden doesn't act soon, former Walmart CEO warns
FoxBusiness ^ | 1/29/23 | Kayla Bailey

Posted on 01/29/2023 1:36:51 PM PST by CFW

On Sunday, former Walmart CEO Bill Simon joined "Fox & Friends Weekend" to warn Americans of the detrimental impact corporate layoffs could have on the U.S.'s feeble economy.

"It's crazy right now. We're stuck in this loop of, wage inflation, product inflation, and cost inflation. And it's just that cycle keeps going. And I think, unfortunately, an inevitable byproduct of some of the Fed's moves and as the necessary medicine we have to take to kind of cool things down and get the inflation back under control on some of these layoffs that are coming," Simon explained to co-host Will Cain.

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


TOPICS: Business/Economy; Culture/Society; Extended News; Front Page News; Government; Politics/Elections
KEYWORDS: bidenflation; billittothegrandkids; economy; pain; poorhouse4seniors; recession
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To: steve86

Oh, now I understand what you meant by doing it yourself. You did a workaround. I just stopped purchasing once I realized it was a no go. I guess my years in the retail industry as a customer service person worked against me. I went by the stupid gd rules of returns. When they said no, I stopped shopping for anything but the essentials. No new clothing, even if I didn’t fit my old stuff. Nothing on speculation. Only must haves.


121 posted on 01/29/2023 8:05:32 PM PST by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TP)
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To: steve86

All of those were unnecessarily closed here, for far too long. Yeah, I’m bitter. It’s what helps me stay alert to them. TPTB want to take my freedoms from me as often as I’ll let them, so I try not to let them. I can’t afford to forgive and forget. Too much has been taken from me.


122 posted on 01/29/2023 8:15:17 PM PST by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TP)
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To: CFW

Grade B Medium Eggs at Fred Meyer, Coeur d’Alene, Idaho right now for $1.69/dozen.


123 posted on 01/29/2023 9:24:37 PM PST by ProtectOurFreedom (Once you get people to believe that a plural pronoun is singular, they'll believe anything - nicollo)
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To: CFW

I’ve been buying eggs at $3.00 a dozen from a chicken farmer for a couple of years now. He hasn’t gone up on my price through this egg craziness. He has a couple hundred of hens. I found him on Craigslist. Most places should have someone like him in a rural area just outside of the city they live in.


124 posted on 01/29/2023 9:42:40 PM PST by jy8z (i)
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To: unixfox

“He hates America. That is why he is doing it all on purpose.”

Obama’s third term...Is there any doubt now?


125 posted on 01/30/2023 12:27:33 AM PST by Does so (What distinguishes today's Russian aggression from that of the USSR?)
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To: TigersEye

Dead one are the only kind I eat anyway.


126 posted on 01/30/2023 4:33:05 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: FamiliarFace

Glad to have you!


127 posted on 01/30/2023 4:33:36 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: FamiliarFace

HOA = another layer of ‘government’ to tell me what I can/cannot do with things that I own.


128 posted on 01/30/2023 4:34:53 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: FamiliarFace

They’d probably freak over my four kids.
Gracie, EllieMae, Jack and Casper.


129 posted on 01/30/2023 4:36:58 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: jy8z
...outside of the city ...

When I moved there, I found out why GOD placed man in a garden!

130 posted on 01/30/2023 4:38:37 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Pocketdoor

Blaming institutional inflation on the lower wager working class is so 1970’s. Get real.


131 posted on 01/30/2023 4:38:45 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: Chad C. Mulligan
What he meant was: "We need workers, but we need workers we can employ at paltry wages we offer that are in the country legally".

Fixed it for him.

132 posted on 01/30/2023 4:40:24 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

Blaming inflation on anything OTHER than Government is misplaced.


133 posted on 01/30/2023 4:40:41 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: lowbridge

Calling citizens “consumers” is degrading, it is lowering human existence to the level of an insect.


134 posted on 01/30/2023 4:45:03 AM PST by central_va (I won't be reconstructed and I do not give a damn...)
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To: lowbridge

Heck, we’ll still be in a WOH after he’s gone!!!


135 posted on 01/30/2023 5:22:24 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Elsie

Yes, I’m not a fan, but when you have only a short time to find a place to move into, and the house you fell in love with is in an HOA, well, we made the decision to go with it anyway. We do love the house, and the property, so had to acquiesce on a few things like chickens and a big garden out there. We have lots of wildlife though, some woods, and a nice creek. It’s a very pretty view.


136 posted on 01/30/2023 5:33:42 AM PST by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TP)
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To: joma89

I did


137 posted on 01/30/2023 5:45:18 AM PST by bert ( (KWE. NP. N.C. +12) Juneteenth is inequality day )
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To: Brandonmark
Consumers could be in a 'world of hurt'

We already are, and not only WRT prices.

138 posted on 01/30/2023 6:06:05 AM PST by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: CarmichaelPatriot

Strawberries are cheap right now, so I’ll have to see how they go with Bacon...


Bacon prices are no better. Used to be $6 a lb, now it’s $10 for a 12 oz package.


139 posted on 01/30/2023 7:58:23 AM PST by ConservativeWarrior (Fall down seven times, stand up eight. - Japanese proverb)
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To: joma89

Don’t spend a bunch of time playing with your “died seeds” come planting season. I suspect you’ll be disappointed. /s


140 posted on 01/30/2023 9:40:02 AM PST by upchuck (When you never took the vaccine or boosters: Still alive and healthy with no chance of side effects.)
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