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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: Elsie

I can’t wait until I can get back out there this year.


141 posted on 01/30/2023 1:26:48 PM PST by jy8z (i)
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To: upchuck

Yes, the “d_ied seeds” ‘r’ are going to be worthless.


142 posted on 01/30/2023 4:08:30 PM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: Elsie

There is a picky eater in every crowd. LOL


143 posted on 01/30/2023 5:16:36 PM PST by TigersEye (The Democrat Party is criminal, unAmerican and illegitimate )
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To: TigersEye

The live ones can outrun me!


144 posted on 01/30/2023 6:08:41 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: Elsie

Ah, I see now. Well, fast food is not for everyone. :)


145 posted on 01/30/2023 6:12:05 PM PST by TigersEye (The Democrat Party is criminal, unAmerican and illegitimate )
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To: TigersEye

After the societal upheavals of the last two years, ‘fast food’ has lost its meaning as the FF joints can’t find anyone willing to work!


146 posted on 01/30/2023 7:20:02 PM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: joma89

:-)


147 posted on 01/31/2023 2:10:45 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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To: sauropod

One part I don’t get of the ‘be prepared’ mantra is having zero loans or debt. What is the point of being debt free in a high inflation, high interest rate scenario? Prior debt will be at lower interest rate then new debt and defaults will be common place. Plus you want the extra cash available to use advantageously in an credit crunch. I can see ‘be healthy’ and ‘have income’ being much more practical than not having debt.


148 posted on 01/31/2023 2:58:35 AM PST by Justa (If where you came from is so great then why aren't Floridians moving there?)
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