Pete Buttigieg: Supply Chain Crisis ‘Will Continue into Next Year’
'It’s the demand side. Demand is off the charts'
Secretary of Transportation Pete Buttigieg has warned that the current supply chain crisis “will continue into next year.”
During an interview on Sunday on CNN’s “State of the Union," Anchor Jake Tapper said:
“We are seeing supply chain disruption causing everything from higher prices to longer waits for products. Moody’s warns that these supply chain disruptions, quote, ‘will get worse before they get better, ‘ unquote. do Americans need to prepare ourselves for this to get worse before it gets better?”
“Certainly, a lot of the challenges that we have been experiencing this year will continue into next year."
"But there are both short-term and long-term steps that we can take to do something about it. Part of what’s happening isn’t just the supply side."
"It’s the demand side. Demand is off the charts.”
“Many American companies, especially small businesses, as you note, are struggling to cope. One possible solution, President Biden lifting former President Trump’s tariffs on China to try to provide some relief."
"That’s not a panacea, but it could provide some relief. Will President Biden do that?”
“Every idea is being taken seriously. What we’re doing right now is to focus on the operations themselves. A lot of Americans might be surprised to learn our ports have not generally operated on a 24/7 basis."
"We have secured commitments to change that. The president announced that the ports of LA and Long Beach — Long Beach was piloting this for a few weeks."
"Collectively, those two ports are 40% of our container traffic."
"They’re now going 24/7. That’s not a simple thing to do overnight. It was a big commitment.”
Last week, Buttigieg claimed the current supply chain crisis was because Joe Biden “successfully brought this economy out of the teeth of the recession."
“Remember, you can’t talk about supply without talking about demand. Part of the reason we are where we are is that the president successfully brought this economy out of the teeth of the recession, people are buying more than ever before."
Meanwhile, Biden himself touted 'economic recovery' despite 4.3 million workers quitting their jobs, soaring inflation, and empty shelves.