Major Chain Says Inflation Here To Stay
Americans can thank Biden for this.
Multi-billion dollar fast food chain McDonald’s, who spends millions on financial analysts determining the future of their costs and sales, has predicted that President Biden’s inflation is here to stay.
According to Fox, McDonald’s Chief executive Chris Kempczinski explained, “While we expect short-term inflationary pressures to continue in 2023, we remain highly confident in Accelerating the Arches, which now includes a greater emphasis on new restaurant openings.”
McDonald’s appears to be putting in new efforts to maximize their earnings as much as possible in Joe Biden’s high-inflation economy.
McDonald’s fourth quarter earnings were $2.59 a share on $5.93 billion in sales worldwide which beat expectations.
Sadly for Americans this likely means that they shouldn’t expect the prices at McDonald’s or any other restaurant to decrease in 2023. Thanks to Biden the cost of everything is going up in America and it is unclear for financial experts to determine when prices will finally start to come back down.
The sad reality about inflation is that once it begins to rise, it is very hard to bring prices back down to what they were and Americans have very little faith President Biden and his administration being able to do so.
