Brian Maloof, owner of Manuel's Tavern in Atlanta, joins 'America Reports' to explain the struggles facing small businesses under President Biden's economy.
President Biden has adopted the term «Bidenomics» to tout his economic policies ahead of the 2024 election. While the president remains confident in his economic plan, critics like one Georgia small business owner insist inflation is still «hurting» Americans.
«I don't know where he's looking. He's not looking on Main Street. He's not looking at small business because we're hurting. It hasn't gotten any better for us,» Manuel's Tavern owner Brian Maloof said.
On «America Reports» Wednesday, the Atlanta restaurant owner detailed how his near-seventy-year-old restaurant has had to embrace historic price increases to keep doors open.
«So being an independent restaurant, we can take really quick action. We purposely delayed. That's important that you understand we purposely delayed our price increases because I wanted to believe that the transitory inflation I talked about was real, and I did not want to be a business that was in some panic-driven, price increase, unnecessary situation and putting a burden on our customers,» Maloof explained. «So we delayed that to our detriment because when Jerome Powell spoke to Congress and said we need to stop using the phrase transitory, to be honest, the floodgates opened.»
Manuels Tavern owner Brian Maloof reacts to President Biden touting his «Bidenomics» and points out the struggles small businesses are facing due to inflation. (Fox News / Fox News)
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