Biden’s Policies Were an Economic Suicide Pact for America [WATCH]

Citadel CEO Kenneth C. Griffin sharply criticized economic and regulatory policies implemented under Joe Biden, saying they imposed unnecessary burdens on American businesses and harmed the broader U.S. economy.

Griffin said the change in administration brought immediate relief to corporate leaders and allowed companies to refocus on growth and investment.

Speaking about the regulatory environment during the Biden-Harris administration, Griffin described what he characterized as constant government interference across multiple areas of his firm’s operations.

“You cannot imagine how painful it was each and every day under the Biden administration to look at what new crazy proposal was being put into place to solve a problem that didn’t even exist,” Griffin said.

“I mean our constant friction at citadel with the government across umpteen different aspects of our business, was exhausting.”

Griffin said that pressure ended abruptly following the election that returned Trump administration leadership to Washington, describing the shift as immediate and energizing for business executives.

“And to have that literally end on one day, election day, just gives you so much energy as an offshore to go back and build your damn business,” he said.

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According to Griffin, that sense of relief is widely shared among corporate leaders across the country.

“So the biggest sea change I’ve seen across American executives has been just like the giant sigh of relief I can now go and focus on building my business,” Griffin said.

Griffin also pointed to specific economic consequences stemming from Biden-era regulatory decisions, including the blocked merger between Spirit Airlines and JetBlue. He said Citadel was a creditor of Spirit and argued that the federal government’s intervention directly contributed to the airline’s collapse.

“And that prior administration, you know, I we happen to be a creditor of spirit, their merger with with Jet Blue was stopped spirits and bankruptcy today,” Griffin said.

He argued that such actions reflected a broader pattern of policy decisions made without sufficient consideration of their economic fallout.

“There were so many decisions that were so so poorly thought out in terms of economic consequences, it cost the US economy dearly,” Griffin said.

“I cannot emphasize that enough.”

Turning to the current regulatory climate, Griffin said the Trump administration has begun reversing what he described as a damaging regulatory surge, even if progress has been gradual.

“And so the Trump administration is making slow progress on deregulation thus far,” Griffin said.

Despite the pace, Griffin said the broader shift away from aggressive regulation has already produced significant benefits for American companies.

“But the end of the regulatory onslaught has been just an extraordinary boom for American business,” he said.

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