{"id":1641292,"date":"2022-09-14T18:04:37","date_gmt":"2022-09-14T22:04:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1641292"},"modified":"2022-09-14T18:04:48","modified_gmt":"2022-09-14T22:04:48","slug":"expert-warns-railroad-strike-would-cause-real-damage-in-the-us-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/expert-warns-railroad-strike-would-cause-real-damage-in-the-us-economy\/","title":{"rendered":"Expert Warns Railroad Strike Would Cause \u2018Real Damage in the US Economy\u2019"},"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\">24<\/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%2Fexpert-warns-railroad-strike-would-cause-real-damage-in-the-us-economy%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=1641292&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>A Harvard professor warned that a looming railroad strike could cause significant disruption to U.S. supply chains that most Americans would notice.<\/p>\n<p>\u201cI cannot imagine a larger and more rapid hit to supply chains than a rail strike,\u201d said Jason Furman, a Harvard economics professor and a top adviser who served in former President Barack Obama\u2019s White House, according to a recent <a href=\"https:\/\/www.politico.com\/news\/2022\/09\/14\/rail-strike-biden-inflation-economy-00056679\">interview with Politico<\/a>.<\/p>\n<p>\u201cIt would be faster and more immediate than any of the supply chain problems we\u2019ve seen in the last year and a half and a large majority of Americans would notice it, whether it\u2019s delays in packages arriving, higher prices, more traffic, and the like. It would be about as big, rapid, and negative as you can get,\u201d he said.<\/p>\n<p>And those impacts are being felt right away. Passenger railroad <a href=\"https:\/\/www.theepochtimes.com\/t-amtrak\">Amtrak<\/a> announced Wednesday afternoon will cancel all of its long-distance trains starting on Thursday due to the potential work stoppage.<\/p>\n<p>\u201cWhile we are hopeful that parties will reach a resolution, Amtrak has now begun phased adjustments to our service in preparation for a possible freight rail service interruption later this week,\u201d Amtrak told news outlets in a statement on Wednesday.<\/p>\n<p>Amtrak is not involved in the labor dispute and it explained that a significant portion of its long routes use railroad tracks that are owned by freight railroads involved in discussions with labor unions.<\/p>\n<p> Political and Economic Damage <\/p>\n<p>Other economists suggested that the strike would torpedo any momentum that\u2019s currently being enjoyed by President Joe Biden and Democrats.<\/p>\n<p>\u201cA railroad strike would constitute yet another stagflationary shock to an economy that is struggling with the burden of high inflation, a Federal Reserve lacking policy credibility and growth dynamics that, while outperforming most other countries, are far from guaranteed,\u201d Mohamed A. El-Erian, president of Queens\u2019 College in<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Harvard professor warned that a looming railroad strike could cause significant disruption to U.S. supply chains that most Americans would notice. \u201cI cannot imagine a larger and more rapid hit to supply chains than a rail strike,\u201d said Jason Furman, a Harvard economics professor and a top adviser who served in former President Barack [\u2026]<\/p>\n","protected":false},"author":58,"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-1641292","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\/1641292","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\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1641292"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1641292\/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=1641292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1641292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1641292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}