Bidenomics Is So Awesome That Red Lobster Declared Bankruptcy and Walmart Is Cutting Jobs

I will miss you, Red Lobster. I will especially miss your Fisherman's Feast Platter, and how I would ask for all fried clam strips and you wouldn't judge me. ...

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Walmart will cut "hundreds" of jobs thanks to an economic miracle experts are calling "the Biden Boost."

They're also cutting benefits for the remaining employees.

Ed Morrissey

Spiraling labor costs and "onerous" leases account for a large part of Red Lobster's woes, but reporting today makes the acute issue more connected to Bidenomics. Thanks to inflation, traffic had fallen off and the chain began an all-you-can-eat shrimp deal to lure diners back. Unfortunately, that program lost millions of dollars as people ate a lot more shrimp than anticipated. That's more of a final straw than a root cause; the root cause is demand falling off due to the erosion of buying power for American families. 

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