Posted on 06/17/2022 7:51:20 PM PDT by jfd1776
In a lesson for the ages about political grandstanding, Rep. John Garamendi said, "Nine multinational ocean shipping companies formed three consortiums to raise prices on American businesses and consumers by over 1,000% on goods coming from Asia," as he and other members of the Swamp proudly passed the Ocean Shipping Reform Act of 2022, which former NIT-League president Ed Emmett has rightly called "a cure that's worse than the disease."
Never mind that the containership lines have actually operated these alliances, known as Vessel Sharing Agreements, for over a generation, strictly for the benefit of the consumer. The accusatory term of "consortium" is utterly unfounded.
Never mind that, in boom times and recessions alike, the containership lines have been delivering most of their services to American businesses – especially exporters – at a massive financial loss, with the government's blessing and with the market's appreciation, until the past two years.
But now that "supply chain disruption" is on the tip of everyone's tongue, the nation's politicians looked around for someone to blame, and predictably – with the Blamer-in-Chief's blessing, of course – settled on the largely foreign-based shipping lines as the target du jour.
(Excerpt) Read more at americanthinker.com ...
Retired now John, but was M & R for several lines. Even took a stab at trying to clean up off-dock depot corruption.
Probably why I appreciate your writings so much.
Excellent article - really nails the incompetent Biden administration.
People don’t realize what a mess the supply chain will be in when the contract talks collapse
Thank You Brandon!
Excellent article - really nails the incompetent Biden administration.
People don’t realize what a mess the supply chain will be in when the contract talks collapse
Thank You Brandon!
The USA could be almost self sufficient in everything but chooses to be the worlds economic doormat. A self sufficient USA would not need many ports or ships or the 10,000 mile long “supply” chains.
Thanks! Excellent article!
The powers that want to destroy America have spent decades moving manufacturing and supply chains overseas. This drains America which is what they want.
The powers that want to destroy America have spent decades moving manufacturing and supply chains overseas.
True Congress has had it’s hand in the bribe line for a long time and still do.
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