Former Home Depot CEO Warns About Final Nail in Coffin the Market is Facing

Amid economic concerns being a priority for voters, a prominent U.S. business figure cautioned President Biden against excessive optimism regarding the financial stability of the country.

"I've been at this for 52 years, and I think that I see more uncertainty now than I've ever seen in our country in running corporations across a broad sector of businesses," former Home Depot CEO Bob Nardelli said during an a Monday appearance on "Cavuto: Coast to Coast."

"I was just in L.A. a couple of weeks ago, I paid $6.43 a gallon for gas. So it still has a lot of pressure on us out there," he continued. "We hear about UPS potentially going on strike and some of the other things that are out there with United and the [United Auto Workers], so I think we have more uncertainty."

A recent FOX Business poll published on Sunday revealed that a slight majority of primary voters (51%) consider economic matters including inflation, employment, and taxation to be pivotal in determining their nomination vote.

Tied in second place, at 12% each, are the categories of foreign policy/defense, immigration subjects like border security, and social concerns encompassing topics like abortion, religion, and gender. Populist themes involving corruption and the power of the elite are deemed least important, coming in at just 7%.

"What we see is the level of dissatisfaction and uncertainty with this administration in going forward," Nardelli said. "So I think we've got to take this very seriously. I think we have to continue to surface these issues that confront the economy, confront all of us here in the United States."

Nardelli contended that despite the welcome drop in inflation in June to its slowest rate in over two years, which brought relief to American consumers battered by relentless price hikes, Biden's waning influence might drive his supporters away.

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