The U.S. voters are “pissed” at inflation, and Democrats will face a tough time next year in midterm elections. Celebrity investor Kevin O’Leary told CNBC on Tuesday.

CNBC’s he said, “People are pissed.” “Capital Connection.”

“They pissed off inflation. I don’t know of a better way to describe it.”

“They’re unhappy. They are very unhappy. The “Shark Tank” investor stated that they were going to vote for bread prices.

Consumer prices in the U.S. jumped 6.2% in October,The largest increase in over 30 years.

O’Leary believes the rise in prices is temporary. Fed officials maintain that it’s caused by disruptions to supply chains.

We are experiencing real inflation. We’re seeing gasoline prices up remarkably, the price of food and bacon, just the basics that our employees buy — those are up materially,” he said.

O’Leary (chairman of O’Shares ETFs) attributed the rise in energy prices to Biden’s attempts to move away fossil fuels.

According to him, the U.S. reached energy independence in the end and prices fell. However, there was a reverse at the federal level.

“All of the sudden, we have this image of unfriendly tankers rolling into Boston to supply energy to East Coast. “That’s not working,” he stated. You’ve also seen energy prices rise as a consequence. This isn’t good news for the voters.

U.S. crude futuresInternational benchmark Brent crudeBoth have seen a 55% increase in their respective sales this year, as more people are buying than they supply.

U.S. President Joe BidenO’Leary said that while he was elected in order to resolve the issues caused by the pandemic, he may have created additional problems through his trillion-dollar bills.

He said, “He wasn’t given the mandate to increase inflation and he wasn’t asked to be FDR.” Franklin D. Roosevelt, former president of the United States in 1930s increased federal spending when he introduced a series of New Deal programs that expanded social policies.

He said that “the last thing we require is an inflation bill.” Biden’s $1.75 trillion plan that was approved by the House last week.

He stated, “We don’t need more money in the economy. The economy’s on fire.”

The Build Back Better Act is expected to fund a slew of projects from education to health-care to renewable energy credits and housing. This bill still has to reach the Senate for revision.

O’Leary stated that investors will find the bill “way too stimulating,” adding that he is concerned about hyperinflation. O’Leary stated that he expected the legislation to be drastically altered by legislators.

“The Senate’s going to tear that thing to pieces … just stop it altogether,” he said.

— CNBC’s Greg Iacurci and Christina Wilkie contributed to this report.