Supply chain problems are the latest crisis to erupt with Joe Biden as president of the United States. Already, the American people are seeing the disastrous consequences of ongoing complications with the supply chain.
Right now, grocery stores are having issues with getting the necessary goods in stores. Prices across the board are also rising in order for these establishments to keep their shelves stocked. Therefore, customers are now paying for the difference via higher prices.
These higher prices come as the United States economy is already battling an inflation crisis. This week, America got more bad news; the supply chain problems currently gripping the nation are set to persist into 2022.
Supply chain problems in the foreseeable future
Over the weekend, Transportation Secretary Pete Buttigieg discussed existing issues with the supply chain during a CNN interview. Buttigieg has also faced criticism for the supply chain crisis happening under his watch and during time he’s taken off work.
Nevertheless, the Transportation Secretary has some not-so-comforting updates for the American public. Buttigieg told CNN that ongoing bottlenecks and overwhelmed ports will largely continue into next year.
Later, the Transportation Secretary told CNN “off the charts” product demand and sales are responsible for supply chain problems. This explanation has not gone over well with critics of Buttigieg and the Biden administration.
Bad news for Biden
The supply chain crisis comes at a time when President Biden’s standing amongst the American people is not good. It also comes on the heels of a grim jobs report from September 2021.
The supply chain crisis could very well have a hand in Democrats losing the 2022 midterm elections. Currently, there are just too many massive problems coming from the Biden administration for Americans to simply forget; this is especially true since supply chain problems will extend beyond 2021.
Meanwhile, the president is trying to force banks to report Americans’ financial transactions that reach $600+ to the IRS. This, too, is suffering criticism from the American public. It’s something Americans are describing as intrusive privacy violations.
Biden claims this is to make wealthy Americans pay their supposed fair share in taxes and stop them from hiding income. However, critics note that many people who are not wealthy make $600+ financial transactions frequently.