Kamala Harris wants people to believe that she and Joe Biden have done a great job.
But she’s also trying to run as the “change” candidate.
And McDonald’s had to make a brutal call thanks to one terrible decision by Kamala Harris.
Big McDonald’s fries supplier shuts down factory
In March 2021, Kamala Harris cast the deciding vote for the $1.9 trillion American Rescue Plan boondoggle that led to an inflationary spiral.
One of the industries hit hardest by the 40-year-high inflation was fast food.
Lamb Weston, the largest producer of French fries in the country, announced that it was closing a plant in Connell, Washington.
Roughly 4% of the company’s workforce – 375 employees – got the ax.
McDonald’s accounts for 13% of Lamb Weston’s business.
Lamb Weston president and CEO Tom Werner said during an earnings call, “Restaurant traffic and frozen potato demand, relative to supply, continue to be soft, and we believe it will remain soft through the remainder of fiscal 2025.”
The company was forced to cut costs in light of softer demand for fast food.
Werner continued, “Together, we expect these actions will help us better manage our factory utilization rates and ease some of the current supply-demand imbalance in North America . . . We are also taking actions to reduce operating expenses, including reducing headcount and eliminating certain unfilled job positions, as well as reducing capital expenditures. The combined estimated savings from these actions are reflected in our updated fiscal 2025 targets.”
The Biden-Harris administration blowing hot air about the economy
The closure of the Connell, Washington, plant should not affect customers who want to enjoy a side of fries at their favorite restaurant.
And Kamala Harris and her team are attempting to spin the narrative that the economy is going like gangbusters.
But years of inflation is eating into Americans’ fast food budget.
Fast food restaurants have witnessed consumers cutting back on their consumption.
A LendingTree survey from May showed that 80% of Americans view eating out at a fast food restaurant as a luxury.
McDonald’s USA president Joe Erlinger said earlier this year that since 2019, prices at the chain restaurants are up 40%.
McDonald’s launched a $5 meal deal this summer in an attempt to bring back value meals that have seemingly become a relic of the past.
Wendy’s and Burger King ran similar promotions to pull in customers getting hit in the wallet.
However, that did not help Lamb Weston as fast food demand dropped.
Werner added, “It’s important to note that many of these promotional meal deals have consumers trading down from a medium fry to a small fry.”
Lamb Weston noted that restaurant traffic dropped by 2% last quarter.
It used to be possible to get full at a fast food joint for just a few bucks.
But thanks in part to the Biden-Harris administration, those days are becoming a distant memory.
Informed American will keep you up-to-date on any developments to this ongoing story.
