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Supply Chain Crisis To WORSEN

by Market FinancePosted onOctober 17, 2021October 17, 2021

The holidays are about to get rough!

President Biden’s Department of Transportation Secretary Pete Buttigieg just announced the supply chain crisis facing the United States is expected to last well into next year!

According to Fox Business, in a recent interview with CNN, Buttigieg claimed that this is less of a supply issue and more of a demand issue. Buttigieg insisted that currently, demands for products are off the charts and retail sales are surging.

Buttigieg insisted that demand is up for products right now because Americans have more income because of Biden’s successful impact on the economy.

“Retail sales are through the roof. And if you think about those images of ships, for example, waiting at anchor on the West Coast – every one of those ships is full of record amounts of goods that Americans are buying because demand is up because income is up because the president has successfully guided this economy out of the teeth of a terrifying recession,” Buttigieg explained.

Buttigieg then claimed that House Democrats needed to pass the $1 trillion bipartisan infrastructure bill, which would supply U.S. ports with an additional $17 billion.

Transportation Sec. Pete Buttigieg says America needs both pieces of spending legislation Democrats are currently debating in Congress.

“America needs both of those…not only to make sure we have the right infrastructure but to make sure life gets better in this country.” pic.twitter.com/KDA5oeNrkI

— CNN (@CNN) October 17, 2021

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