Newt Gingrich Audio Update: Major Companies Sound the Alarm on Inflation


Rising energy costs, supply chain and labor shortages, and Big Government Socialist spending are leading to high inflation – a hidden tax on the American people. Major companies are sounding the alarm.



During its latest earnings call, Costco’s CFO warned investors about escalating shipping prices and how this will raise the cost of its inventory. Nike, FedEx, and General Mills have raised similar concerns. For example, a 40-foot shipping container leaving Shanghai and bound for New York cost $2,000 in 2020. But now the same container runs as high as $20,000. When you add in the higher cost of labor, the lack of truck drivers to deliver goods to retailers, higher energy costs, and Big Government Socialists working to pass massive spending bills, you will have out-of-control inflation. This model will not work in the long run, and this inflationary tax will be a significant burden on lower and middle-class American families.

-Newt



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