Former McDonalds CEO: Biden Policies Impacting Inflation, Supply Chain Crisis–Compares It To 70s

Former McDonald’s USA CEO Ed Rensi obliterated Biden’s economic policies during an interview on Fox Business.

He compared what is going on now to the 70s.

From Fox Business:

Former McDonald’s USA CEO Ed Rensi told FOX Business’ “Mornings with Maria” Friday that Biden’s policies are “dramatically” impacting the supply chain crisis and inflation.

ED RENSI: I first experienced this back during the 70s, up into the 80s when we had stagflation, where prices of fuel [were] going up like crazy. Transportation was limited. Distribution was limited. We had to raise prices. We had to address our opening and closing schedules in restaurants modified to menus, and we’re going through it again.

It’s been exacerbated clearly by COVID. But it’s also been impacted dramatically by the policy changes that President Biden made even before he was inaugurated. When he said he’s going to shut down oil, shut down the pipelines, move away from fossil fuel.

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