Manufacturers sound alarm on Biden's energy policies ahead of Iowa caucuses: Consumers will pay more
foxbusiness.comFOX Business’ Grady Trimble speaks with manufacturers in Iowa about their economic concerns less than a week away from the state’s caucuses.
Just days away from the Iowa caucuses, manufacturers are highlighting their fears over another four years under President Biden's leadership.
FOX Business' Grady Trimble spoke with Iowa Spring CEO Tim Bianco, who vocalized concerns over the Biden administration's green energy policies.
«Right now we're a large consumer of natural gas, and we couldn't process the product we make without natural gas. It would cost the consumer exponentially more if we had to process with electricity,» Bianco said.
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Workers at Iowa Spring additionally outlined their inflation concerns, explaining that Biden's economic policies have not only caused higher prices in business but also increased the cost of living.
"Inflation's everywhere now. You can't seem to get ahead of it," Iowa Spring employee Nate Setchell told Trimble. «A quick visit to the store is no longer 150 bucks. It's 300 easy. Every time...with three kids. And that lasts a week, tops.»
Tudor Dixon explains how President Biden’s manufacturing regulations are making the process more expensive on ‘The Bottom Line.’
While inflation has fallen considerably from a peak of 9.1%, it remains well above the Federal Reserve's 2% target. As a result, many small business owners continued to feel pessimistic about the state of the U.S. economy in December, reflecting fears over the persistent worker shortage and chronic inflation.
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