Biden Battles CEOs in Inflation Blame Game

Politico: “Some top executives, especially in the banking sector, are now complaining that while Biden pays lip service to caring about their views on how to fix things, he doesn’t actually listen to them or solicit their input. The finance industry is especially alarmed at the moment given the big losses in stocks and the impact of changing interest rates on their businesses.”

Said one big bank CEO: “They said everything was going to be different under Biden and they would be more engaged with us, and they weren’t. Now they are going to get slaughtered in the midterms. And they deserve to get slaughtered because they haven’t really accomplished anything except maybe increasing inflation.”