Home Depot Co-Founder Is Not Optimistic About America’s Future

Home Depot co-founder Bernie Marcus says he is worried that Joe Biden’s economic policies that helped fuel inflation are crushing the household budgets of American consumers.

During a wide-ranging interview with FOX Business senior correspondent Charlie Gasparino, Marcus, who co-founded Home Depot in 1978, blasted Biden, calling him a “dunce.”

He calls Biden a “dunce”&says he’s the “most divisive president we’ve ever seen.” Labeling nearly half the country as knuckle-dragging MAGA Republicans wasn’t a smart way to heal the country,a goal Biden claimed was a priority. https://t.co/fkLsCO6rFx

— Fredric U. Dicker (@fud31) November 5, 2023

From Fox News:

“I never anticipated anything like what we’re going through,” Marcus said of Biden. “I wake up every morning and I say, ‘What is this dunce going to do today?’”

“He cut back drilling, he caused the inflation, the inflation caused every other problem for every businessman, for every American,” Marcus said. “And the people that he’s supposed to represent – the poor people, the middle class – they’re getting killed today.”

He went on to say that inflation is hitting the finances of Home Depot customers as they confront higher prices for food, energy, rent, insurance and more.

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“I’ll tell you something. I have never forgotten the fact that I was a small businessman, and Home Depot customers – I have them in mind – they’re getting killed,” Marcus said.

“They’re getting killed. They can’t afford to fill their cars with gas. They can’t afford to put a good meal on the table for their families. They can’t afford their rent. They can’t afford their insurance. Every freaking thing that there is, is up. And even when we see it drop a little bit, it drops on top of this number,” Marcus said.

The Federal Reserve’s Open Market Committee (FOMC) met last week and chose to keep the benchmark federal funds rate unchanged at a 22-year-high range of 5.25% to 5.5% while leaving the door open for an additional increase before the end of the year amid concerns that inflation “remains elevated.”

This isn’t the first time Marcus has called out Biden and his failed policies. In March, he blamed Biden’s policies for Silicon Valley Bank shutting down.

👀 Ex-Home Depot CEO Bernie Marcus Blames Biden’s Woke Policies for SVB

“I think that the Administration has pushed many of these banks into more concern about global warming than they do about shareholder return” pic.twitter.com/UQhle3ad2K

— Chief Nerd (@TheChiefNerd) March 12, 2023