How Biden screwed up the economy
Republicans in the House Natural Resources Committee held a virtual forum this week with small business owners and economists to look at how Congress can address the inflation, supply chain crisis, high energy costs, and labor shortages hurting America’s middle class.
James Meeks, the owner of Triple M Farms in Arkansas, told the committee he is paying $500 more per ton for fertilizer now compared to a year ago. “We need some help out here,” Meeks said. “I think it’s time for us to wake up. Between the labor issues, petroleum costs, trucking problems, and government regulations, my costs are going up.”
A third-generation trucker, Randy Guillot, president of Triple G Express in New Orleans, told the committee one of his top concerns, aside from high fuel costs, is President Joe Biden’s vaccine mandate. “We already have a shortage of drivers, and his mandate threatens to make that worse.”
Ruel Joyner, CEO of a Savannah furniture design and manufacturing company, told the committee that before the pandemic, a shipping container to transport his furniture cost $2,400. Today that same shipping container costs $24,000. “That means it costs me roughly $700 more to ship a couch,” Joyner explained. “Small businesses are failing because of these costs,” Joyner added.
Joyner pointed to the government’s pandemic-era policy of “paying workers to stay home” as the problem. “When businesses started to reopen, and people were getting back to normal, the federal government mandating private health decisions and shamed those who had conscientious objections, further hindering a return to a normal, healthy workforce.”
“The Biden administration tells us they are trying to help us, but it is actually hurting us by putting up barriers to returning to a healthy, sustainable number of workers,” Joyner concluded.
Diana Furchtgott-Roth, an adjunct professor of transportation economics at George Washington University, told the committee the federal government’s massive spending bills have overheated the economy and are to blame for inflation, which she said: “will not end soon.”
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There is more.
Biden got a helping hand from Democrat governors who lockdown their economy in blue states. The Biden administration also appears to have no plan for unlocking the gridlock of the supply chain. The secretary of transportation touts expensive electric vehicles which would do nothing to fix the problem.
Is there even a Congressional committee investigating the supply chain problem which is contributing to inflation? Instead, Democrats are trying to pass a budget-busting boondoggle in hopes of buying votes.
See, also:
Public souring on Biden's handling of the economy as inflation hits 39-year high
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