{"id":1533397,"date":"2022-06-30T10:21:05","date_gmt":"2022-06-30T14:21:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1533397"},"modified":"2022-06-30T10:21:13","modified_gmt":"2022-06-30T14:21:13","slug":"bidenomics-bare-shelves-and-backlogs","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-bare-shelves-and-backlogs\/","title":{"rendered":"Bidenomics: Bare Shelves And Backlogs"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/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%2Fbidenomics-bare-shelves-and-backlogs%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=1533397&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>COVID and the lockdown-induced recession did a number on American businesses and families. More than two years since the crisis began, the economy still seems to be on its last leg \u2014 even amid President Joe Biden\u2019s lofty plan to \u201cBuild Back Better.\u201d In a four-part series, The Daily Wire chronicles the \u201cBidenomics\u201d regime and how it is eviscerating the American people.<\/p>\n<p>When COVID hit the United States in the spring of 2020, many consumers were greeted with empty shelves at the supermarkets for basic staples like <a href=\"https:\/\/www.dailywire.com\/news\/some-americans-are-starting-to-give-up-on-toilet-paper-literally\">toilet paper<\/a>. Those shortages, however, were just the tip of the iceberg.<\/p>\n<p>Aggressive lockdowns shuttered key manufacturing facilities and logistics hubs across the world as the virus began to spread. As those lockdowns <a href=\"https:\/\/www.dailywire.com\/news\/apple-shifts-ipad-manufacturing-away-from-china-due-to-harsh-covid-lockdowns\">persisted<\/a> in China and other Asian economies, consumers in the West saw drastically higher prices \u2014 or an absence of certain products altogether.<\/p>\n<p>By the end of 2021, <a href=\"https:\/\/www.dailywire.com\/news\/supply-chain-crisis-worsens-number-of-ships-off-california-coast-hits-new-record\">hundreds of shipping vessels<\/a> carrying thousands of containers were stranded off the California coast as the ports of Los Angeles and Long Beach struggled to keep up with demand. Today, farmers are warning that every agricultural input \u2014 from diesel fuel to fertilizer \u2014 is in short supply, threatening to <a href=\"https:\/\/www.dailywire.com\/news\/farmers-warn-of-food-shortages-higher-prices-on-the-horizon\">worsen food shortages<\/a> and inflationary pressures.<\/p>\n<p>It is not necessarily possible for President Joe Biden and other policymakers to make communist China reopen its factories. Yet several domestic factors that find their origins in Biden administration policies continue to aggravate the supply chain crisis.<\/p>\n<p>Even before the recession, trucking companies struggled to <a href=\"https:\/\/www.wsj.com\/articles\/trucking-companies-are-struggling-to-attract-drivers-to-the-big-rig-life-1522756801\">attract and retain drivers<\/a>. Those challenges <a href=\"https:\/\/www.dailywire.com\/news\/at-the-edge-of-a-cliff-trucking-industry-leader-says-rewarding-people-not-to-work-vaccine-mandates-are-worsening-supply-chain\">worsened<\/a> with the return of consumer demand, leading to a shortage of 81,000 truckers. Rather than incentivizing a return to the workplace, Biden passed the $1.9 trillion American Rescue Plan, which included a round of $1,400 relief payments and an extension of enhanced federal unemployment insurance.<\/p>\n<p>\u201cOverall federal spending continues to drive the amount of money sloshing in the economy,\u201d Heritage Foundation Research Fellow Peter St. Onge told The Daily Wire. \u201cThis additional spending continues to push demand to unsustainable levels, with too much money chasing too few goods \u2026 stimulus checks and high unemployment benefits have taken over 5 million workers out of the labor force compared to the pre-COVID trend, which disproportionately affected lower-wage workers who are critical to supply chains.\u201d<\/p>\n<p>Beyond the American Rescue Plan, industry groups like the American Trucking Associations warned the Biden administration that its national <a href=\"https:\/\/www.dailywire.com\/news\/we-said-do-not-comply-we-won\">vaccine mandate<\/a> would cause nearly 40% of truckers to walk away from their jobs. \u201cWe ask for flexibility for transportation and supply chain essential workers, particularly truck drivers who spend most of their time in their trucks and have minimal contact with colleagues and customers,\u201d the groups <a href=\"https:\/\/www.dailywire.com\/news\/trucking-groups-could-lose-37-of-drivers-over-biden-vaccine-mandate-worsening-supply-chain-crisis\">wrote<\/a> to President Biden.\u00a0<\/p>\n<p>Meanwhile, President Biden has been a <a href=\"https:\/\/www.dailywire.com\/news\/are-you-prepared-to-fight-with-me-biden-calls-for-support-from-union-bosses-at-afl-cio-convention\">close ally to labor unions<\/a> \u2014 the entities responsible for crippling efficiency at American ports.<\/p>\n<p>\u201cSupply chain issues have been significantly worse in the United States than other industrialized countries like Japan or [throughout] Europe,\u201d St. Onge explained, \u201cbecause here they were exacerbated by outdated and union-dominated ports, by labor and environmental rules, particularly in California, and by stimulus policies that paid blue-collar workers to stay home when they were desperately needed from warehousing to transportation.\u201d<\/p>\n<p>A recent <a href=\"https:\/\/thedocs.worldbank.org\/en\/doc\/66e3aa5c3be4647addd01845ce353992-0190062022\/original\/Container-Port-Performance-Index-2021.pdf\">study<\/a> from the World Bank found that the ports of Los Angeles and Long Beach were among the least efficient in the world through 2021 \u2014 even ranking below \u201cfamously bad\u201d facilities in Tanzania and Kenya, according to St. Onge. \u201cThis is because unions have fought hard against automation in order to protect union jobs that pay $200,000 and up.\u201d<\/p>\n<p>Rising energy and transportation prices have likewise increased <a href=\"https:\/\/www.dailywire.com\/news\/inflation-for-businesses-continues-at-double-digit-pace\">costs for businesses<\/a>. The Producer Price Index (PPI) rose 10.8% from May 2021 to May 2022, a recent report from the <a href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\">U.S. Bureau of Labor Statistics<\/a> recently revealed. The index\u2019s rise occurred as prices at the pump continually <a href=\"https:\/\/gasprices.aaa.com\/\">reached new highs<\/a>, at one point surpassing a national average of <a href=\"https:\/\/www.dailywire.com\/news\/gas-prices-hit-grim-national-average-of-5-per-gallon\">$5 per gallon<\/a>.<\/p>\n<p>\u201cBecause energy is an input to literally every good and service in the economy,\u201d St. Onge commented, \u201cpipelines, drilling permits and threats to arrest energy executives all feed to reduced supply of energy, hence higher prices. National oil production is almost one-third below the Trump-era trend, despite a doubling of oil prices that should have brought enormous new supplies into production by now.\u201d<\/p>\n<p>Indeed, President Biden has drawn criticism for <a href=\"https:\/\/www.cruz.senate.gov\/newsroom\/press-releases\/cruz-senators-demand-commerce-secretary-stop-permitting-delays-on-existing-oil-and-gas-leases-to-boost-production\">sitting idle<\/a> on 9,000 drilling permits and <a href=\"https:\/\/www.dailywire.com\/news\/peter-doocy-asks-for-a-straight-answer-on-keystone-gets-the-runaround-from-jen-psaki\">refusing<\/a> to greenlight the construction of the Keystone XL Pipeline \u2014 even as other White House officials <a href=\"https:\/\/www.dailywire.com\/news\/energy-secretary-lays-out-the-only-way-to-avoid-high-gas-prices-and-its-not-producing-more-oil?fbclid=IwAR1Cc9CsrYptSBtkmkYmredgSlRdFYFiX554Ytn9VTLPAxFihVOXh2biE5Y\">claim<\/a> that \u201cthe only way\u201d out of high energy prices is by developing green energy solutions.<\/p>\n<p>\u201cOf the three key problems \u2014 union-controlled ports, labor and environmental rules, and paying people to stay home \u2014 none are being addressed by the administration,\u201d St. Onge noted. \u201cRather than boosting supply to match consumer spending, this administration may end up destroying spending until it matches atrophied supply.\u201d<\/p>\n<p><em>The views expressed<\/p>\n<p><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>COVID and the lockdown-induced recession did a number on American businesses and families. More than two years since the crisis began, the economy still seems to be on its last leg \u2014 even amid President Joe Biden\u2019s lofty plan to \u201cBuild Back Better.\u201d In a four-part series, The Daily Wire chronicles the \u201cBidenomics\u201d regime and &#8230;<\/p>\n","protected":false},"author":99,"featured_media":1533476,"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-1533397","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\/1533397","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\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1533397"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1533397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1533476"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1533397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1533397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1533397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}