{"id":1075782,"date":"2021-12-02T08:29:06","date_gmt":"2021-12-02T13:29:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1075782"},"modified":"2021-12-02T08:29:10","modified_gmt":"2021-12-02T13:29:10","slug":"biden-on-supply-chain-crisis-remember-cabbage-patch-kids-back-in-the-80s-or-beanie-babies-in-the-90s","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-on-supply-chain-crisis-remember-cabbage-patch-kids-back-in-the-80s-or-beanie-babies-in-the-90s\/","title":{"rendered":"Biden On Supply Chain Crisis: \u2018Remember Cabbage Patch Kids Back In The \u201880s Or Beanie Babies In The \u201890s\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">38<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-on-supply-chain-crisis-remember-cabbage-patch-kids-back-in-the-80s-or-beanie-babies-in-the-90s%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1075782&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden attempted to downplay widespread supply chain issues across the country this holiday season by suggesting that it is similar to past years when popular toys were not widely available.<\/p>\n<p>\u201cIf you\u2019ve watched the news recently, you might think the shelves in all our stores are empty across the country, that parents won\u2019t be able to get presents for their children on holidays \u2014 this holiday season. But here\u2019s the deal: For the vast majority of the country, that\u2019s not what\u2019s happening,\u201d Biden claimed. \u201cBecause of the actions the administration has taken in partnership with business and labor, retailers and grocery stores, freight movers and railroads, those shelves are going to be stocked.\u201d<\/p>\n<p>WATCH:<\/p>\n<p lang=\"en\" dir=\"ltr\">Biden, in an attempt to gaslight Americans on his supply chain crisis, absurdly claims &#8220;it&#8217;s not happening.&#8221; <a href=\"https:\/\/t.co\/eroUlV3dk4\">pic.twitter.com\/eroUlV3dk4<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1466108272197484549?ref_src=twsrc%5Etfw\">December 1, 2021<\/a><\/p>\n<p>\u201cNow, I can\u2019t promise that every person will get every gift they want on time. Only Santa Claus can keep that promise. But there are items every year that sell out, that are hard to find,\u201d Biden said. \u201cSome of you moms and dads may remember Cabbage Patch Kids back in the \u201880s or Beanie Babies in the \u201890s, or other toys that have run out at Christmas time in past years when there was no supply chain problem.\u201d<\/p>\n<p>WATCH:<\/p>\n<p lang=\"en\" dir=\"ltr\">Biden claims a supply chain crisis happens &#8220;every year&#8221; and compares his current supply chain crisis to &#8220;Cabbage Patch Kids back in the 80s or Beanie Babies in the 90s&#8221; <a href=\"https:\/\/t.co\/L1y2435k3G\">pic.twitter.com\/L1y2435k3G<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1466109261730267141?ref_src=twsrc%5Etfw\">December 1, 2021<\/a><\/p>\n<p>Biden then attempted to address Americans\u2019 concerns over inflation by trying to portray the problem as not a uniquely American problem.<\/p>\n<p>\u201cHere are a few things you should know: Just about every country in the world is grappling with higher prices right now as they recover from the pandemic,\u201d Biden claimed. \u201cIn the United Kingdom, price increases have hit a 10-year high.&nbsp; In Germany, a 28-year high.&nbsp; In Canada, price increases are the highest they\u2019ve been since the \u201890s. This is a worldwide challenge \u2014 a natural byproduct of a world economy shut down by the pandemic as it comes back to life.\u201d<\/p>\n<p>Federal Reserve Chairman Jerome Powell <a href=\"https:\/\/www.foxbusiness.com\/politics\/powell-fed-wrong-inflation-not-transitory\">said<\/a> this week that he expects high inflation to continue well into 2022 and that the U.S. government should stop trying to portray the situation as \u201ctransitory.\u201d<\/p>\n<p>\u201cSo I think the word transitory has different meanings to different people,\u201d Powell told Sen. Pat Toomey (R-PA) during a Senate hearing on Tuesday. \u201cTo many, it carries a time, a sense of short-lived. We tend to use it to mean that it won\u2019t leave a permanent mark in the form of higher inflation. I think it\u2019s probably a good time to retire that word and try to explain more clearly what we mean.\u201d<\/p>\n<p>\u201cWe will use our tools to make sure that higher inflation does not become entrenched,\u201d Powell continued, adding that high inflation would \u201ccertainly\u201d continue \u201cthrough the middle of next year.\u201d<\/p>\n<p><em><strong>Related:<\/strong><\/em><\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden attempted to downplay widespread supply chain issues across the country this holiday season by suggesting that it is similar to past years when popular toys were not widely available.\u201cIf you\u2019ve watched the news recently, you might think the shelves in all our stores are empty across the country, that parents won\u2019t be able to get presents for their children on holidays \u2014 this holiday season. But here\u2019s the deal: For the vast majority of the country, that\u2019s not what\u2019s happening,\u201d Biden claimed. \u201cBecause of the actions the administration has taken in partnership with business and labor, retailers and grocery stores, freight movers and railroads, those shelves are going to be stocked.\u201dWATCH:Biden, in an attempt to gaslight Americans on his supply chain crisis, absurdly claims &#8220;it&#8217;s not happening.&#8221; pic.twitter.com\/eroUlV3dk4\u2014 RNC Research (@RNCResearch) December 1, 2021\u201cNow, I can\u2019t promise that every person will get every gift they want on time. Only Santa Claus can keep that promise. But there are items every year that sell out, that are hard to find,\u201d Biden said. \u201cSome of you moms and dads may remember Cabbage Patch Kids back in the \u201880s or Beanie Babies in the \u201890s, or other toys that have run out at Christmas time in past years when there was no supply chain problem.\u201dWATCH:Biden claims a supply chain crisis happens &#8220;every year&#8221; and compares his current supply chain crisis to &#8220;Cabbage Patch Kids back in the 80s or Beanie Babies in the 90s&#8221; pic.twitter.com\/L1y2435k3G\u2014 RNC Research (@RNCResearch) December 1, 2021Biden then attempted to address Americans\u2019 concerns over inflation by trying to portray the problem as not a uniquely American problem.\u201cHere are a few things you should know: Just about every country in the world is grappling with higher prices right now as they recover from the pandemic,\u201d Biden claimed. \u201cIn the United Kingdom, price increases have hit a 10-year high.\u00a0 In Germany, a 28-year high.\u00a0 In Canada, price increases are the highest they\u2019ve been since the \u201890s. This is a worldwide challenge \u2014 a natural byproduct of a world economy shut down by the pandemic as it comes back to life.\u201dFederal Reserve Chairman Jerome Powell said this week that he expects high inflation to continue well into 2022 and that the U.S. government should stop trying to portray the situation as \u201ctransitory.\u201d\u201cSo I think the word transitory has different meanings to different people,\u201d Powell told Sen. Pat Toomey (R-PA) during a Senate hearing on Tuesday. \u201cTo many, it carries a time, a sense of short-lived. We tend to use it to mean that it won\u2019t leave a permanent mark in the form of higher inflation. I think it\u2019s probably a good time to retire that word and try to explain more clearly what we mean.\u201d\u201cWe will use our tools to make sure that higher inflation does not become entrenched,\u201d Powell continued, adding that high inflation would \u201ccertainly\u201d continue \u201cthrough the middle of next year.\u201dRelated:The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":134,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1075782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1075782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/134"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1075782"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1075782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1075782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1075782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1075782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}