Billionaire Ken Griffin: Biden Policies Aren't Working, Causing Higher Taxes, Falling Incomes and More Deficits
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Billionaire Citadel CEO Ken Griffin criticized Biden's economic policies, saying things "aren't working" for Americans with higher taxes, falling incomes, and high inflation.
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Griffin said consumer prices have risen nearly 20% under Biden, while average hourly earnings have declined over 3%.
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The federal budget deficit has doubled to $2 trillion under Biden, despite claims his policies would reduce deficits.
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Griffin said the "peace dividend is over" with conflicts in Europe and the Middle East, meaning higher interest rates are coming.
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The billionaire donated $60 million to Republican campaigns in 2022, including Florida Gov. Ron DeSantis' successful reelection.