In yet another sign of the damage inflicted by the Biden administration's economic policies, BurgerFi International, owner of the popular Anthony’s Coal Fired Pizza & Wings, filed for bankruptcy protection this week. The Fort Lauderdale-based company, which operates 67 corporate-owned locations, cited the crippling effects of inflation, rising food and labor costs, and declining consumer spending as key factors behind the decision. These factors are no coincidence—they are a direct result of Biden’s mismanagement of the economy.
BurgerFi’s situation is not unique. It is part of a growing trend of American businesses, particularly in the restaurant industry, being squeezed out of profitability by inflationary pressures and the economic uncertainty that has plagued the country since Biden took office. Since the end of the COVID-19 pandemic, companies across various sectors have faced skyrocketing costs for everything from raw materials to employee wages, without an equivalent increase in revenue. For BurgerFi, this meant an unsustainable business model, forcing the company to file for Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Wilmington, Delaware.
The sad irony is that BurgerFi, founded in 2011 and taken public in 2020, was on a path of expansion and innovation before this downturn. Despite launching a turnaround plan less than a year ago, CEO Carl Bachmann pointed to “legacy challenges” exacerbated by the economic environment created by Biden’s policies as a major reason for the bankruptcy filing. The company’s corporate-owned BurgerFi and Anthony’s Coal Fired Pizza locations, accounting for 67 locations, are now in jeopardy.
America’s restaurant sector has been one of the hardest-hit by the inflationary spiral, which many experts agree is largely a product of the reckless spending policies enacted by the Biden administration and the Democrats in Congress. Their refusal to acknowledge the impact of their inflationary spending packages, which have driven up the cost of everything from fuel to food, is forcing companies like BurgerFi into bankruptcy. And who is suffering the most? Small businesses, workers, and consumers.
Former President Donald Trump had created a thriving economic environment that saw businesses of all sizes flourish. With record-low unemployment, business-friendly tax policies, and deregulation, American companies had the breathing room to innovate and grow. Under Trump, inflation was kept in check, allowing businesses to thrive and pass savings on to the American consumer. Contrast this with Biden’s policies, which have added trillions to the national debt, sparked rampant inflation, and worsened supply chain issues.
The failure of Bidenomics is clear. What happened to BurgerFi could happen to any other American business as long as the current administration continues on its reckless economic path. American businesses don’t need more handouts or government intervention—they need the government to get out of the way and let the free market thrive, as it did under President Trump.
It’s time to return to the America-first policies that created jobs, grew businesses, and restored confidence in the American economy. The collapse of yet another major restaurant chain is a wake-up call: businesses can’t afford another four years of economic mismanagement. Conservatives need to unite behind leaders who prioritize fiscal responsibility, growth, and the preservation of the American dream.
President Trump built an economy that worked for every American, and it’s time to get back on that track.
Comments