One Georgia small business owner recently said Biden’s economy and inflation are still “hurting” Americans ahead of the 2024 elections.
“I don’t know where he’s looking. He’s not looking on Main Street. He’s not looking at small business because we’re hurting. It hasn’t gotten any better for us,” Manuel’s Tavern owner Brian Maloof said.
The Atlanta restaurant owner explained how his near-seventy-year-old restaurant has had to raise prices at historic rates to keep their doors open.
“What shocked us was that the mathematical formula we used to set prices, it wasn’t working anymore. So we have these equations and they’ve worked for over 50 years, and now they weren’t working,” he said. “That was really surprising to me. That was a big indication to me that the entire landscape of business had changed, that the fundamentals, the bedrock of how this economic engine works, has been blown up. It’s just it’s just gone.”
From Fox News:
Earlier this month, the Labor Department released the May Consumer Price Index which put inflation at 4% year over year. Although inflation has cooled from a peak of 9.1%, it remains about more than double the pre-pandemic average and well above the Federal Reserve's 2% target rate.
