The White House and the Democrats continue to argue that “Bidenomics” are ‘saving America’ anybody who’s paying attention knows that the reality is the exact opposite – he is KILLING the economy!
His policies have been purely disastrous when it comes to the economy and perhaps suffering the most, as Shark Tank star Kevin O’Leary points out, are small businesses – the backbone of America.
Small businesses account for roughly 60% of America’s total economy and thanks to Joe Biden THEY’RE GETTING CRUSHED!
O’Leary points out that the administration has been handing MASSIVE amounts of money to the biggest companies in America making it harder for smaller companies to compete and driving them towards the edge of extinction.
“The problem with the policy so far and the multiple bills … it’s just massive spending, but it’s the target of where that spending went. Here’s the problem. Most of it’s going to the S&P 500 companies. They’re important. They’re big employers in America. However, they only represent 40% of the economy,” O’Leary said.
“…we’re starving small business in America. We throw billions to Intel and nothing to a guy in Champaign-Urbana who’s running a shop with 58 employees. His cost of capital because of these rapid rate hikes has gone through the moon. It went from maybe 6 or 7% now to 20%.“
As Kevin points out, “There’s no Biden-omics for them. They have no capital. And that’s a big problem and it’s manifesting itself.“
Watch the video here to see the rest of what O’Leary had to say about how Biden is wrecking the economy!