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Doomsday CEO who correctly predicted the
retail apocalypse issues another stark
warning about the U.S. economy: 'Ready
to crack'

Original Article

Posted By: Imright, 5/29/2024 7:25:41 PM

The fault lines of the US economy are 'about ready to crack' - that is the stark warning from one of the America's top CEOs Bob Nardelli. The former boss of Home Depot and Chrysler says the Biden administration's policy missteps could create significant challenges for the next president. 'What I've seen over the past three-and-a-half years is that a series of debacles and missteps have created a tremendous pressure on the fault lines of our economy, and they're about ready to crack,' Nardelli told FOX Business.

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Reply 1 - Posted by: billa57 5/29/2024 7:37:16 PM (No. 1727426)
Almost like they are doing it on purpose.
21 people like this.

Reply 2 - Posted by: Axeman 5/29/2024 8:19:19 PM (No. 1727445)
Don't need no CEO to tell me that. Time to Cloward-Piven them back
8 people like this.

Reply 3 - Posted by: downnout 5/29/2024 8:19:42 PM (No. 1727446)
The treasury bill sale yesterday was really bad. No one is thrilled about buying our debt - they’re demanding higher interest rates.
13 people like this.

Reply 4 - Posted by: Rumblehog 5/29/2024 9:15:16 PM (No. 1727469)
Bob Nardelli, is a failed successor to the "junkyard Jack built." A Jack Welch CEO acolyte to take the helm of GE, who wound up being a crappy CEO at his next job, Home Depot. Nerdy worked harder making Home Depot into #2 than keeping Lowes in that distant position. Eventually, the HD Board forced Nerdy OUT (many million richer), whereupon the Board of Idiots at Chrysler-Dodge hired him, where once AGAIN, he ground a healthy company with its greatest vehicles ever into the proverbial dust. A once GREAT American car company got raffled off to Italian pedal car maker, FIAT, aka, "Fix It Again Tony". I'd never believe anything Nardelli said.
6 people like this.

Reply 5 - Posted by: HPmatt 5/29/2024 9:26:45 PM (No. 1727474)
Nardelli? Jack Welch’s GE Capital underling? The guy that chased off all the Home Depot experienced workers and hired minimum wage kids? He’s the same CEO type that hollowed out all US appliances that only last 5 years. An autocratic Manager, not a Founder mentality. A guy that moves manufacturing to China for a cheaper quality and price to goose margins. Nardelli, why don’t you suggest how Congress can cut its spending and not borrow $4 Trillion a year when tax receipts are at historic highs.
4 people like this.

Reply 6 - Posted by: EJKrausJr 5/29/2024 10:59:10 PM (No. 1727517)
An economic SHTF period. No surprise there. Uncontrolled spending from 46 has us on the brink of a 1930s depression. Way to go JRB.
4 people like this.

Reply 7 - Posted by: mifla 5/30/2024 3:47:43 AM (No. 1727573)
Even if Trump is elected in November, it will take a miracle to fix the mess that Biden created. He still has to battle the Deep State and the MSM every day for his four year term. The good news is that I think the Republicans will take the Senate, so he can start appointing judges. The bad news is that the Dems will likely take the House back, given the clown show the current House has become.
4 people like this.

Reply 8 - Posted by: MickTurn 5/30/2024 12:18:37 PM (No. 1727808)
I don't fully agree...The Next President, TRUMP can fix most of Joey Briben's MISTAKES by reversing ALL of his policies. THEN immediately put all of Biden's Thugs in PRISON at GITMO. Mayjerkus is on the top of the list. Gestapo Garland is next, Wrong Way Wray next, then The 51 thugs that signed the bogus letter are next, the remaining list is LONG! As Cash Patel says, delete ALL of their Security Clearances and I add, Delete their pensions...and that's just for starters.
0 people like this.

Reply 9 - Posted by: franq 5/30/2024 12:28:16 PM (No. 1727812)
If it does, it will be because the populace went broke, unable to afford anything but the bare necessities. This would have a snowball effect on the whole economy.
0 people like this.

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