Watch: Home Depot Founder Lays Into Biden, ‘Whatever He Says Is Not True’

When Bernie Marcus talks, conservatives listen.

The Home Depot co-founder’s opinions are as easy to find — and as useful — as the chain of tool-and-appliance stores he started in 1978 that brought lumber yards from the outskirts of town into shopping plazas, and changed the way Americans work on their homes.

And when it comes to Friday’s failure of the Silicon Valley Bank — and the ongoing failure of the Joe Biden presidency, Marcus hit the nail right on the head.

In an appearance Saturday on Fox Business News’ “Cavuto Live,” Marcus, a 93-year-old who retired in 2002 from the company that made him a billionaire, had sympathetic words for depositors who might have lost millions, caustic words for the SVB officials who sold some of their stock in the bank only weeks before the collapse, and words of warning for Americans as a whole about what the SVB failure could portend about the economy, and what it says about the Biden presidency.

“I feel bad for all of these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It’s depressing to me,” Marcus told host Neil Cavuto.

“Who knows whether the Justice Department would go after them? They’re a woke company, so I guess not. And they’ll probably get away with it.”

Considering the politics of Big Tech — which were painfully obvious even before Twitter owner Elon Musk started revealing them regularly with each new release of the “Twitter Files” — it’s no surprise that an entity called the “Silicon Valley Bank” would have considerable leftist leanings.

On Friday, the New York Post reported that SVB’s head of financial risk management in its United Kingdom branch devoted an inordinate amount of time to promoting LGBT issues.

On Saturday, TheBlaze noted that the bank’s Twitter account showed an interest in race that bordered on the unhealthy.

Marcus’s words about the SVB officials who dumped their own stock were backed up by recent reports, too.

According to Newsweek, SVB President and CEO Gregory Becker sold more than $3.5 million in stock in the back on Feb. 17.

On the same day, according to Newsweek, SVB’s chief financial officer Daniel Beck sold more than a half-million dollars worth of stock in the bank.

Maybe it’s a coincidence, maybe that kind of thing happens all the time. And maybe, as Marcus implied, bankers of a certain political breed enjoy a little more … freedom of movement than others.

But where Marcus really nailed it was his extrapolation for what the news meant for President Joe Biden and his administration — and what it could mean for the American people.

“I can’t wait for Biden to get on the speech again and talk about how great the economy is and how it’s moving forward and getting stronger by the day. And this is an indication that whatever he says is not true,” Marcus told Cavuto. “And maybe the American people will finally wake up and understand that we’re living in very tough times, that, in fact, that a recession may have already started. Who knows? But it doesn’t look good.”