Joe Biden ‘Worse Than Jimmy Carter’ and Driving US Into Recession, Says Home Depot Founder

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The United States will be plunged into recession due to the disastrous policies of Joe Biden, according to Home Depot co-founder Ken Langone who slammed Biden as “worse than Jimmy Carter” on “Your World with Neil Cavuto” Tuesday. 

According to Langone, who founded the American company Home Depot, the Biden regime has made a “terrible blunder” and is not willing to admit its mistakes. Unfortunately, its the “little guy that’s living from paycheck to paycheck” who will get hurt.

KEN LANGONE: We’ve got to get rates well above the inflation rate if you want to snap inflation, just like Paul Volcker did in 1980 and ’81. … This was not transitory, this was a real serious case of inflation. We lost a whole year on addressing the issue.

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Only because, frankly, we have leadership today in America that isn’t willing to admit when they’re wrong. They made a terrible blunder here, and now the price has got to be paid. If you want to get inflation back, if you want a benchmark, you’re going to probably need interest higher than 8.5%.

The other thing is we’ve exacerbated the problem. For example, the energy issue in America, we didn’t have to be deficient like we are. Hell, by now, that pipeline would have been almost complete. And Biden’s now saying, he’s now blaming the oil companies. This is a disgrace. The oil companies are reacting to supply and demand. You’re going to see it in their earnings when their earnings come out. If they’re making all this much money, where are they in the numbers? It’s wrong. It’s absolutely wrong. And nobody’s doing anything about it yet in a way that going to address the issue. 

The steps we’re taking right now will not help. And who’s going to get hurt? The little guy, the poor guy that’s living from paycheck to paycheck. … I’m not smart enough to know exactly when. My bet is that the brunt of the recession will hit us nine months, eight months. … 10 months from now.

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Baxter Dmitry

Baxter Dmitry

Baxter Dmitry is a writer at News Punch. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear.
Email: baxter@newspunch.com
Baxter Dmitry