Diesel shortage and rail strike could give economy double whammy
Wisconsin Rep. Bryan Steil says that the economy could take a dual hit after the election if diesel shortages persist and rail unions strike as promised.
In September, rail workers threatened to strike after the election if they could not agree to a new contract with railroad companies, which would result in substantial problems for the U.S. economy and its already challenged supply chain.
"It's incredibly concerning," Steil said Tuesday on the "Just the News, No Noise" TV show. "We got to remember this is just weeks after President Biden told us that he had this all under control, and the trains would be running on time.
”We're now learning it's anything but that. It's another game where the Biden administration has kicked the can down the road and kicked it past this election."
Biden announced he had struck a tentative deal with the railroad unions that the workers cannot strike until after a so-called cooling-off period in late November, right after the midterm elections.
"I think people see through this case where it's very clear that the deal he struck was political in nature and will likely or possibly crumble following the election," Steil said. "But this is just one more thing that we all are concerned about. As it relates to the economy, pretty much every light on the switchboard is flashing. We got to be concerned. It's one of the reasons we need to put a check on this administration."
...
Recall that Biden tried to get the Saudis to wait until after the election to reduce their oil production. He is not really solving problems, he is putting forward the evil day when bad things will happen.
Comments
Post a Comment