Bidenomic Effect on Fast Food

A good many baby boomers remember the time when in a pinch you could always eat at MacDonalds for a buck and maybe even get some change back. Later, that was the big deal with the "dollar menu" which reflected back on that nostalgic time.

Since Joe Biden became President (I won't say was elected to become) things have changed a bit as anybody who still patronizes the fast food chain should have noticed. Remember, one of the Biden initiatives was the $15.00 an hour minimum wage push which resulted in signs outside the restaurants even in more rural areas for help wanted at $18.00 to $20.00 an hour.

Now this:

Bidenomics: Big Mac extra value meal now costs $10 more than it did during Trump’s era

When it comes to Bidenomics I tend to think Biden makes Jimmy Carter's economy look tame. Inflation under Carter was so significant it resulted in Carter's defeat and eight years of Ronald Reagan's runaway price and wage fighting "outsourcing" which tore the heart out of American industry. It took Donald Trump to turn that trend around, but the resulting abundance was too much of a threat for the socialists.

Sure you can blame Covid-19 for the sea change but remember this. Covid-19 was a virtual wet dream for the Democrats in America who fight tirelessly to eliminate abundance and promote shortages and reliance on government spending.

Mind you I'm just speaking from one man's point of view. Nobody ever agrees with me so beware.