Where is he gonna find the extra bodies to drive the container trucks?
Anyways?
Inflation (made worst by supply shortages) is now turned into President Biden’s biggest ‘perception‘ challenge in the media moving to overtake the pandemic coverage…
It is NOT a good look for Biden and Democrats….
President Biden will announce on Wednesday that the Port of Los Angeles will begin operating around the clock as his administration struggles to relieve growing backlogs in the global supply chains that deliver critical goods to the United States.
Product shortages have frustrated American consumers and businesses and contributed to rising prices that are hurting the president politically. And the problems appear poised to worsen, enduring into late next year or beyond and disrupting shipments of necessities like medications, as well as holiday purchases.
Mr. Biden is set to give a speech on Wednesday addressing the problems in ports, factories and shipping lanes that have helped produce shortages, long delivery times and rapid price increases for food, televisions, automobiles and much more. The resulting inflation has chilled consumer confidence and weighed on Mr. Biden’s approval ratings. On Wednesday, the Labor Department announced that the Consumer Price Index, a key reading of monthly inflation, jumped 5.4 percent in September when compared with the prior year, raising the stakes for the White House and the Federal Reserve.
Administration officials say that they have brokered a deal to move the Port of Los Angeles toward 24/7 operations, joining Long Beach, which is already operating around the clock, and that they are encouraging states to accelerate the licensing of more truck drivers. UPS, Walmart and FedEx will also announce they are moving to work more off-peak hours….
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But it is unclear how much the White House’s efforts can realistically help. The blockages stretch up and down supply chains, from foreign harbors to American rail yards and warehouses. Companies are exacerbating the situation by rushing to obtain products and bidding up their own prices. Analysts say some of these issues may last into late next year or even 2023.
Administration officials acknowledged on Tuesday in a call with reporters that the $1.9 trillion economic aid package Mr. Biden signed into law in March had contributed to supply chain issues by boosting demand for goods, but said the law was the reason the U.S. recovery has outpaced those of other nations this year….
All this economy going sideways is beginning to bring back Jimmy Carter back in the day feelings….
… or those other 1-term presidents, Gerald Ford and George H.W. Bush, in the months before they lost re-election in grim economic times.
Yup….
Biden still has up to Spring 2024 before his troubled would be backed in….
Me and wife talked about this….
As long it would be Biden vs Trump?
Biden probably could win running against Trump HIMSELF….Not his policies which Biden actually has kept a good many off…
But a Biden against a younger GOPer without Trump’s baggage might be an issue….
If Biden was to NOT run?
Democrats would be in SERIOUS trouble…
We both do not see Harris as a alternative even she is the natural choice….
We have out fingers crossed that Dem’s will finally get something of Biden’s passed and the economy ACTUALLY gets better and virus cases keep dropping….
We’ll see if the port move helps Biden….
Vaccine mandates seem to be working, younger children may be approved for shots by Halloween, and the coronavirus appears to be in retreat. But those hopeful signs herald a messy new phase for the country’s economic recovery — and that’s putting Wall Street more on edge than it’s been in months.
The Federal Reserve has signaled it will begin dialing back programs that have helped prop up the markets for the past 18 months, while the breakneck pace of economic growth seems to be slowing, a fact underscored by last week’s disappointing jobs report….
More…