You watched your grocery bill explode under Biden – and the White House told you it was fine.
Now the CEO of the company that makes your cereal just stood up in front of Wall Street analysts and said something that should make every working American's jaw drop.
He put a number on exactly how bad it got – and what it revealed about the people who did this to your family.
Biden's Grocery Prices Left Middle-Income Americans Underwater
Here's what General Mills CEO Jeff Harmening told investors Tuesday in New York.
Americans are under "significant consumer stress."
Housing costs are "reshaping spending patterns."
The pandemic-era SNAP benefit cuts are hitting families who can't absorb them.
That's a Fortune 500 CEO saying out loud what your government spent four years pretending wasn't true.
Food prices climbed 22% while Biden was in the White House.
Twenty-two percent.
Heritage Foundation research showed Americans' real purchasing power actually shrank – bigger paychecks that bought less because prices outran every dollar.
And what did Biden say when confronted with that number?
He said people had the money to pay.
Wendy's Closing Hundreds of Restaurants Is Just the Latest Sign of Food Inflation's Damage
General Mills just slashed its annual forecast – expecting sales to drop as much as 2% this fiscal year.
Their stock lost more than 8% on the news Tuesday.
The company has watched its shares fall nearly 20% over the past year as Americans quietly stopped buying things they used to take for granted.
Cheerios. Chex Mix. Pizza rolls.
Wendy's just announced it's shutting down up to 358 restaurants in the first half of 2026 alone – following 240 closures the year before.
Eleven percent drop in same-store sales in the fourth quarter.
The interim CEO called it a "rebuilding year."
That's corporate code for: the customers are gone.
Bidenomics Ran Up the Cost of Living – And Washington Knew It
Biden's team called it "Bidenomics" and asked you to celebrate it.
Senate Republicans dug into the numbers and found that food price inflation hit its highest level in over four decades under Biden – worse than any administration since Carter.
That's not a talking point.
That's the Bureau of Labor Statistics.
The real damage isn't just in a CEO's slideshow or a Wall Street earnings miss.
It's in the fact that working Americans are now hunting for discounts before they'll buy a box of cereal – something Harmening confirmed directly to analysts Tuesday.
It's in the Wendy's closing down the location your family ate at for twenty years.
None of this happened by accident.
Trillions in Biden spending overheated an economy still healing from COVID supply disruptions – the Senate Agriculture Committee documented it in detail.
They lit the fire and then spent four years handing you a pamphlet explaining why you shouldn't feel the heat.
The Cheerios CEO just told Wall Street what Biden never told you.
The American family got squeezed – and Washington knew it the whole time.
Sources:
- Bradford Betz, "Cheerios Maker Says Cost of Living, Housing Expenses Changing Way Consumers Spend," Fox Business, February 17, 2026.
- Jeff Harmening, CEO presentation, Consumer Analyst Group of New York Conference, February 17, 2026.
- "General Mills Lowers Sales, Profit Outlook as Stressed Consumers Spend Less," Star Tribune, February 17, 2026.
- "Wendy's to Close Hundreds of Restaurants as Company Looks to Focus on Value to Boost Sales," Fox Business, February 13, 2026.
- "Biden Pretends Rising Food Prices Are Not a Problem," Heritage Foundation.
- "The Truth Behind Shrinkflation," Senate Agriculture Committee, March 2024.
- "Food Makers Cut Prices to Reignite Growth," Food Dive, January 5, 2026.