(Bloomberg) — U.S. ports are full of goods, U.S. yards and warehouses are full of goods, hardly anyone wants to drive a truck to pick up and deliver those goods and those who do sit waiting in lines, often unpaid.
And Americans continue to buy more stuff from abroad than ever.
A supply-chain crunch that stretches from overseas manufacturers into American ports and retail stores threatens the U.S. holiday shopping season. President Joe Biden and his administration have been working for months to smooth out bottlenecks, but his power to influence what is almost entirely a private-sector problem is limited.
While Republicans point to the supply chain as further evidence the president is mismanaging the economy, the issues are deep-rooted. Overwhelming volume generated by record, pandemic-induced consumer demand is swamping a system that was already creaking under the weight of high demand, low investment, labor shortages and regulatory battles.
- Hillary Clinton leaked emails reason to get rid of Gadaffi
- Stagflation 2023: The Looming Economic Nightmare You Can’t Afford to Ignore
- Deutsche Bank Is On The Brink Of Collapse: Get Prepared For The Next Lehman Brothers Moment
- The US Dollar World Reserve Status is Officially Over
- Satan Has Become One Of The Hottest Spiritual Figures In America
- S686 Patriot Act 2.0 – This is the bill that lets them kick down your door and kill your dog because you are guilty for doubting the Biden regime.
- ‘Unsafe and ineffective’ Pfizer is going to court!
- US Banks are seeing the largest drop in bank deposits since the Great Financial Crisis and a ‘second wave’ is coming
- Shocking Biden hot-mic reveals how handlers program his every move WATCH. Yes, this is 100% real.
- The recession is here, the market crash is next.
Views: 4