Papa John's founder John Schnatter dives into the harmfulness of President Biden's economic policy and the importance of American entrepreneurship at CPAC 2022.
Schnatter shared that he’s "thankful" to have built his brand during Reaganomics in 1984 under a president like Ronald Reagan who bolstered support for small business and entrepreneurship."Everything starts at the top," he said. "But the most important thing at the top is attitude. You know, your mindset. Reagan, Trump all had pro-small business mindset."
Meanwhile, Schnatter explained, the Biden administration has had trouble with controlling the entrepreneur and, in return, has only harmed small business. Biden’s economy has seen inflation hit decades-high records with consumer prices surging 7.5% in January. Schnatter reiterated the scale at which government money-pumping is causing an inverse effect on the economy, as the devaluation of the dollar occurs behind the backs of the American people."To count to a million, it takes 11 days…. To count to a trillion, it takes 32,000 years," he laid out. "I'll give you the bad news.
"It's a hidden, horrific tax on the future income of middle [class] America," he added. "That's what it is."