Ex-Home Depot CEO Bob Nardelli slammed the Bidenomics, accusing US President Joe Biden of creating a wrecking ball for the next POTUS. On Monday, May 20, he warned about the consequences of the Biden Administration's alleged policy missteps. Here's what Nardelli said.
Ex-Home Depot CEO Slams Bidenomics
Former Home Depot CEO Bob Nardelli said that Joe Biden's administration could leave a cumbersome mess for the individual who will take over as the next U.S. president, as reported by Fox Business.
This is because of the Biden Administration's alleged policy missteps, which reportedly created serious pressure on the U.S. economy's "fault lines."
"What I've seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they're about ready to crack," explained Nardelli.
He added that whoever gets to be the next U.S. president could get hit with a "wrecking ball" since they'll try to correct the mistakes and the overspending of the Biden Administration.
Bob Nardelli Also Attacks Biden's China Tariffs
Previously, the ex-Home Depot CEO also criticized Joe Biden's tariffs on Chinese imports. He referred to the increased tariffs for minerals, EVs, and semiconductors.
Bob Nardelli said he doesn't understand the Biden Administration's policy on EVs. He asked why the U.S. government is forcing electric vehicles into the country when there is not enough electricity or EV chargers.
Nardelli explained that AI will soon dwarf Bitcoin data centers, which could drain power grids. He added that this would be a major issue since the government doesn't have major investments in the grid because of the ongoing war on fossil fuels.
The former Home Depot CEO stated that he doesn't understand why the Biden Administration is making these ambiguous decisions in the U.S. economy, as reported by Yahoo Finance.
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