President Biden claims to support small businesses during National Small Business Week this week, but his actions speak louder than words. Biden is waging war on small businesses, hitting them hard with new regulations, taxes, and inflation.
At the same time Biden gave his pro-small business remarks on Monday morning, First Republic Bank crashed in one of the biggest bank failures in American history due to Biden's bad policies. As with the recent failures of Silicon Valley Bank and Signature Bank, First Republic buckled under the weight of plummeting asset values due to the Federal Reserve's rapidly raised interest rates to fight Bideninflation.