Liz Warren GOES TO WAR Against McDonald's After EPIC Trump Visit

Liz Warren GOES TO WAR Against McDonald's After EPIC Trump Visit. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Elizabeth Warren versus Ronald McDonald. Yeah, is it coincidence? I
don't think so. No, all of a sudden. This is
dated October twenty first. Elizabeth Warren writes a strongly worded
letter to the president and CEO of McDonald's, Chris Kabzinski,

(00:42):
and he writes, she writes, excuse me. We write with
concern regarding increases in fast food prices over the last
several years and seeking information regarding McDonald's pricing decisions. While
McDonald's is not the only fast food restaurant that has
increased prices significantly in recent years, its dominant market position
as a large fast food chain in the United States

(01:04):
has an outsize impact on American consumers. While working families
are trying to make ends meet, McDonald's and its corporate
counterparts have continued to grow their profits. Oh no, heavens
to Betsy, growing profits. That's what businesses are supposed to do. Anyway. See,
he goes on. Since the COVID nineteen pandemic, fast food

(01:26):
prices have consistently outpaced inflation, squeezing consumers who for decades
were able to rely on restaurants like McDonald's for a
meal at a fair price. Fair price. However, Americans are
now leaving fast food establishments that are increasingly choosing to
spend their food dollars at home consumption. Since twenty the

(01:46):
Consumer Price Index has increased by twenty percent, but McDonald's
may have increased its menu prices for certain items by
substantially more than she talks about. Taco Bell, Chick fil A,
in and Out, Burger, Burger King. Seven out of thirty
menu items experienced price increases that outpaced inflation. Again, who

(02:09):
the hell do you think you are, Pocahontas? Who do
you think you are? Is none of your damn business?
What McDonald's charges. And again she shows you just how
stupid Elizabeth Warren is better. Yet the people who vote

(02:31):
for her could be like, yeah, yeah, you wait, she
writes in this thing at how Americans are leaving fast
food establishments that are going to spend their money at home?
Do you think McDonald's wants that. Do you think they
want people not to come in their stores? Do you

(02:52):
not think that they have to calculate what they have
to charge for product based upon their food costs, based
upon their food costs, and based upon their labor costs
and their energy costs and all of those things, so
they can make a profit and then put out a
product that people can afford outpaced inflation. What about food

(03:15):
inflation there, Lizzie, Huh have you calculated that? No, you
can't use all of inflation, because again, restaurants are obviously
gotten hit a lot more because the price of food
has gone up considerably more. But again, you know the
goal of these people in Washington, DC. Who the hell

(03:39):
you're a senator from Massachusetts? And again, this just goes
some of the dumb things we do with amending the
United States Constitution. Senators used to be chosen by the
state legislatures, and that's the way it should be. We
should go back to that. Quite frankly, it's none of
your damn business what companies charge. If they charge too

(04:02):
much and people don't go to the st anymore, they're
going to go out of business, and guess what, somebody
will replace them? There'll be another burger joint. And if
you know how to run a business so well, and
you're so upset about this, well, one could sense an
opportunity there. Liz, didn't you write some sort of Pocahontas cookbook?
Why don't you open your own damn restaurant. Mc Warren's right.

(04:25):
You could open up your own burger joint and run it,
and you could charge whatever the hell you want for
the food that you're selling at your restaurant. Again, the
the overreach by these these nights. If I was again
i was the CEO of McDonald's, I would tell her
to take a long walk off a short peer. It's

(04:48):
none of your damn business. Why don't wy don't you
people in Washington worry about I don't know, I don't know,
balancing the budget, doing your job. I'll worry about running
my company. You go worry about doing your job. Watchtog
on Wallstreet dot com.