Posted on 10/12/2021 3:24:04 PM PDT by blam
White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn that Americans may face higher prices and some empty shelves this Christmas season.
The supply crisis, driven in part by the global COVID-19 pandemic, not only threatens to dampen U.S. spending at a critical time, it also poses a political risk for President Biden.
The latest Reuters/Ipsos poll shows the economy continues to be the most important issue for Democrats and Republicans alike.
The White House has been trying to tackle inflation-inducing supply bottlenecks of everything from meat to semiconductors, and formed a task force in June that meets weekly and named a "bottleneck" czar to push private-sector companies to ease snarls.
Biden himself plans to meet with top executives from retail giants Wal-Mart Inc and Home Depot Inc and with unions and other stakeholders on Wednesday to discuss efforts to relieve transportation bottlenecks before delivering a speech on the topic.
Supply chain woes are weighing on retail and transportation companies, which recently issued a series of downbeat earnings outlooks. Meanwhile, the Federal Reserve last month predicted a 2021 inflation rate of 4.2%, well above its 2% target.
American consumers, unused to empty store shelves, may need to be flexible and patient, White House officials said.
"There will be things that people can't get," a senior White House official told Reuters, when asked about holiday shopping.
"At the same time, a lot of these goods are hopefully substitutable by other things. ... I don't think there's any real reason to be panicked, but we all feel the frustration and there's a certain need for patience to help get through a relatively short period of time."
Inflation is eating into wages. Labor Department data shows that Americans made 0.9% less per hour...
(snip)
(Excerpt) Read more at newsmax.com ...
I don’t know why the WH has to comment on this. This is purely a market driven... oh wait.
Absolutely heartbroken. /s
Hummus for all!
“There will be things that people can’t get,”
Unless you’re an elite Marxist.
Gee, it’ll be just like the Soviet Union.
And that’s what these pricks want.
The biden that stole Christmas
It’s like that every year. We see people beat the phuk out of each other for flat screens and games.
And people called me crazy for all of our preparations.
It’s just about time to go dark.
L
All I want for Christmas is Democrats in jail…
Like food?
First, it’s Biden’s admin that has us in the mess, and Second, there are many folks in this country who don’t get what they want for Christmas. So disconnected is the WH.
Pretty much everything.
Can I get my president?
Somebody supported these stupid Democrat sons of bitches.
Order it from Russia they have everything . What a reversal
Problems we never had under Trump or even in the worst days of the pandemic, never had these issues.
Like justice for the traitorous kakistocrats in the White House, Congress, and Supreme Court.
I’d be happy if we were just working on pipelines and increased drilling for oil and gas and collecting all of the gas being flared off in NW No. Dak.
Maybe we should seek [with Canaduh] to become energy self sufficient again?
Yeah, Joe would know.
I encourage Project Veritas to get the Bidens on tape this Holiday season.
They won’t be lacking a thing.........as working class families struggle to have a decent Christmas w/ the Biden economy looming.
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