Goya Foods president and CEO Bob Unanue is warning that “hard times” are ahead, stemming from the government’s extremely loose monetary policy and our national loss of hardiness.
In an interview on Fox Business’ “Varney & Co,” Unanue joked with show host Stuart Varney that the reason the price of lumber has spiked so much is “because the government has been printing so much money.”
“We’ve gone from capitalism to socialism,” Unanue said. “The government has stepped in as our competitor. They’ve incentivized people not to work. Four million people left the workforce in September. So, we have to deal with a competitor that can print money all day.”
Indeed, in response to the COVID-19 pandemic, the federal government launched an unprecedented fiscal response.
In just two years, 2020–2021, the federal government spent a combined $13.42 trillion, with the U.S. national debt climbing to $28.43 trillion by the end of FY 2021. These numbers don’t include the $1 trillion infrastructure bill that was signed into law last week, or the $1.75 trillion social spending plan that recently passed the U.S. House of Representatives.
Scripture teaches us that “The rich rules over the poor, and the borrower is the slave of the lender” (Proverbs 22:7 ESV). In a way, the government’s profligate spending has made us slaves – our country has accumulated so much debt that our and future generations will spend years of our lives working to pay it off.
Now, Americans are beginning to see the consequences of this massive spending in the form of inflation, the rising cost of goods and services.
As a nation, we’re learning that money is never free, and creating trillions of it out of thin air does have consequences.
The current crash course in fiscal insanity that we’re on proves right former President Ronald Reagan’s quip, “The most terrifying words in the English language are: I’m from the government and I’m here to help.”
Truthfully, our nation’s economy is largely built on consumption and debt, driven in part by our collective materialistic mindset. And Unanue pointed out that much of what our nation consumes is immoral.
“You know, the U.S. is the biggest consumer in the world,” he told Varney. “We consume more drugs and, unfortunately, trafficked children.”
Earlier this year, Goya Foods announced a $2 million gift to combat human trafficking.
Unanue also spoke to the amount of support Goya has received after leftists tried to cancel the company because Unanue spoke positively about former President Donald Trump at a press conference last year.
“We’ve had so much support,” he said. “We’ve kept our core market.”
“We did very well because we kept working. We have a reason to get up every day. To work. For God, family, work and school.”
He also told Varney about the consequences that he believes our collective loss of hardiness and strength will have.
“Hard times create strong men. Strong men create easy times. Easy times create weak men. Weak men create hard times,” Unanue said.
“We are heading for hard times. We are dismantling this country. We are getting soft. We have the government as our biggest competitor. The government needs to get out of the way and let us work.”
Seemingly proving his point, shortly after his interview, Politico ran an article with the headline, “Why Republicans Can’t Stop talking About Masculinity.”
As if masculinity was a bad thing.
In our nation, where the average person will spend 47 days per year watching television, we’ve all become used to a level of ease and comfort that mankind has never known before.
But if Unanue is right, and hard times are ahead, we’ll need a nation of strong citizens to weather the storm.
Photo from Fox News.