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Biden touts 'significant progress' by his Supply Chain Disruptions Task Force as crisis continues
[FoxBusiness] Consumer prices surged at the fastest pace in nearly four decades in November.President Biden will hold a "convening" Wednesday at which members of his economic team and business leaders will cite a variety of positive indicators about the economy, even as inflation roars and supply chain problems continue. Problems with the economy likely will factor into the 2022 midterm elections and Biden's own 2024 reelection campaign — if he runs — should inflation and shortages of goods and labor persist. Among those expected to attend: Transportation Secretary Pete Buttigieg; National Economic Council Director Brian Deese; Agriculture Secretary Tom Vilsack; port envoy John Porcari; FedEx CEO Fred Smith; Yellow Corp. CEO Darren Hawkins; and Christopher Connor, CEO of the American Association of Port Authorities. The Biden administration released a "fact sheet" Wednesday that will apparently serve as a template for the meeting, touting what it called the strongest economic growth of any president in his first year in a half-century, and outlining the "aggressive action to lower the price of goods and gasoline for Americans." In the document, the White House struck an optimistic tone on gas prices, supply chain issues, and inflation – factors that have caused him polling issues and subjected him to intense Republican criticism. "Since Day 1, President Biden has been laser-focused on reopening the economy and has taken aggressive action to lower the price of goods and gasoline for Americans," the fact sheet says. "The President’s Supply Chain Disruptions Task Force has made significant progress to alleviate bottlenecks that are rooted in the global pandemic." Posted by: Skidmark 2021-12-22 |
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