The hits keep coming for President Joe Biden. Amid staggering numbers of illegal immigrants flooding the border, continued coronavirus panic, and massive inflation on the horizon, the worst disaster yet may be coming.
Moody’s Analytics predicts that supply chain disruptions that have emptied store shelves may persist into 2023, Breitbart reported. This crisis has Biden’s fingerprints all over it.
“Supply chain disruptions will get worse before they get better,” the economic forecasting company told businesses Monday. “As the global economic recovery continues to gather steam, what is increasingly apparent is how it will be stymied by supply-chain disruptions that are now showing up at every corner,” Moody’s said.
Regardless of what’s happening in the global economy, the problem stateside is a lack of workers to get items off shipping containers onto store shelves. There is currently a shortage of truck drivers, a problem that is the “weakest link” in Moody’s assessment.
“Because deliveries are not made in time, costs and prices will rise and GDP growth worldwide will not be as robust as a result,” Moody’s further predicted. “This presents a serious challenge to harmonizing the rules and regulations by which transport workers move in and out of ports and hubs around the world.”
The Biden administration is attempting to shift responsibility to businesses. “The supply chain is essentially in the hands of the private sector so we need the private sector to step up to help solve these problems,” a senior official said.
However, many believe the problem lies with Democratic administrations in blue states that are paying people to stay home. Dockworkers, truck drivers, and retail employees collecting unemployment can make more money from government benefits than from going back to work — and that creates a labor shortage that also fuels inflation.
If someone set out to wreck the American economy, there isn’t much more that could be done than what the Biden administration has implemented. This crisis will only get worse, and it will take years to undo the damage Biden has done if a Republican president takes over in 2024 — if the country survives that long.