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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: joma89

“Who has a stock of food and water? Who paid theirs debts and have zero loans? Who has a generator? Weapons? A stash of money? Etc etc.”

I have tried to prepare for this. Working on the Generator. No stash of $ but do have a stash of silver. Have some stock of food and water (in spite of the Wife). No loans to speak of other than the mortgage.

Weapons? Inquiring minds want to know (about that boat accident).

‘Pod


21 posted on 01/29/2023 2:08:35 PM PST by sauropod (“If they don’t believe our lies, well, that’s just conspiracy theorist stuff, there.”)
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To: CFW

This is what voting for lawyers turned professional career politicians get ya!


22 posted on 01/29/2023 2:08:35 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
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To: CFW

“These are the people whose paycheck was deposited without fail while officials closed people’s businesses or places of employment. “

I don’t recall businesses being closed by government order around here. Schools, yes. Federal government projects, yes. In fact, I went about my life during the pandemic 95% like any other time. No mask except for Dr. office.


23 posted on 01/29/2023 2:11:58 PM PST by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
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To: unixfox

Obama is right in the middle of it. He hates America with a passion.


24 posted on 01/29/2023 2:14:35 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: CFW

All of this will be ‘resolved’ by a massive war completely resetting the global economic dynamic. EU/America/BRICS reshuffling/realignment. It’s inevitable and we are in the end of the beginning of it.


25 posted on 01/29/2023 2:16:31 PM PST by Levy78 (Reject modernity, embrace tradition. )
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To: HYPOCRACY

Agree they got what they invested in it’s isn’t like they didn’t know the karma of TDR comes at a high price for all.

Eff everyone of the maggots


26 posted on 01/29/2023 2:20:46 PM PST by Vaduz (LAWYERS )
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To: CFW

I haven’t seen eggs for 1.49 in forever, maybe early lockdowns at Easter time? Maybe.

I have seen (and purchased) boneless chicken breasts in bulk for $1.99/lb a couple of weeks ago from my local Meijer store (Avon, Indiana). It was actually the week after New Year’s. Only have a few breaths left in the freezer.

I try hard to find things on sale, and stock up when that happens. I have room for 3 dozen eggs at a time in my fridge. I haven’t paid less than $6 a dozen for quite some time. Butter was on sale for $3.50/pound a week ago (Kroger). Bought a bit of that then, too.

It’s tough, but I keep trying to get good deals and make smart purchases. We are surviving, but the budget has been blown to smithereens.


27 posted on 01/29/2023 2:20:53 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

*** I don’t recall businesses being closed by government order around here.***

Not sure where you live, but during lockdowns, any business that wasn’t *essential* was closed down here. State government closed them down, not federal. It was awful!


28 posted on 01/29/2023 2:26:09 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: HYPOCRACY

Ohhhhhhhhhhh, now the funders of these criminals are whining


29 posted on 01/29/2023 2:28:14 PM PST by ronnie raygun
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To: CFW

I haven’t seen “wage inflation” not tied to skills/quality improvements in a very long time. Certainly nothing on a par with inflation in gas ‘n’ groceries.


30 posted on 01/29/2023 2:28:56 PM PST by ExGeeEye (For dark is the suede that mows like a harvest.)
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To: FamiliarFace

So! The chicken does come before the egg!)


31 posted on 01/29/2023 2:33:43 PM PST by outofsalt (If history teaches us anything, it's that history rarely teaches anything.)
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To: CFW

What is this “wage inflation” he speaketh of?

I hath not seen such a creature...


32 posted on 01/29/2023 2:33:53 PM PST by ro_dreaming (Who knew that in 2022 "1984", "Enemy of the State", and "Person of Interest" would be non-fiction?)
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To: steve86

FYI: Your profile is tagged by Google Chrome as a dangerous phishing site. In case you didn’t know.


33 posted on 01/29/2023 2:39:33 PM PST by Flavious_Maximus (Tony Fauci will be put on death row and die of COVID!)
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To: Flavious_Maximus

I just looked at it with Google Chrome on Android 11 and received no warning.

You’ve got some plugin or other software making false claims!


34 posted on 01/29/2023 2:42:20 PM PST by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
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To: steve86

“...I don’t recall businesses being closed by government order around here...”
-
Where is “around here”?


35 posted on 01/29/2023 2:43:48 PM PST by Repeal The 17th (Get out of the matrix and get a real life.)
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To: cld51860

Exactly..starting day one with Keystone pipeline and all the hideous green crap. May he rot in hell.


36 posted on 01/29/2023 2:44:21 PM PST by Bonemaker (invictus maneo)
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To: steve86

My Brave browser gives a similar warning.
It may have something to do with your hosting service or your webpage app.


37 posted on 01/29/2023 2:46:02 PM PST by buwaya (Strategic imperatives )
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To: FamiliarFace

I was mistaken; I went back and checked and there was a interval (not long) when “non-essential” businesses were ordered closed by the governor. But everywhere I go (and I’m out every day and was then) stayed open presumably because of food sales, pharmacy, etc. It is true that dining rooms in restaurants were closed.


38 posted on 01/29/2023 2:46:29 PM PST by steve86 (Numquam accusatus, numquam ad curiam ibit, numquam ad carcerem™)
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To: joma89

I have all that and I’m still not prepared. Once your stash is gone, then what?


39 posted on 01/29/2023 2:47:10 PM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: joma89

I have all that and I’m still not prepared. Once your stash is gone, then what?


40 posted on 01/29/2023 2:47:10 PM PST by VTenigma (Conspiracy theory is the new "spoiler alert")
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