Home Depot co-founder accused the Biden administration of failing to tame historic inflation, and even making it worse by scrapping an oil pipeline project that would have served the national interest.
“We lost a whole year on addressing the issue. Only because, frankly, we have leadership today in America that isn’t willing to admit when they’re wrong,” billionaire investor Ken Langone told Fox News on April 12. “They made a terrible blunder here, and now the price has got to be paid.”
U.S. inflation rate has hit a four-decade high, reaching 8.5 percent in March from a year earlier. From food to energy, Americans are seeing rapidly growing prices owing to COVID-19-induced demands and supply chain problems, economists say. Other analysts have also attributed soaring prices to fiscal and monetary expansion in Washington.
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