Joe Biden went back to the White House stage set today (always weird) to read from his script and hold a broadcast zoom meeting with the supply chain and inflation ‘task force’ led by Brian Deese. [Read Transcript Here]
The occupant of the White House proclaimed that gas prices have dropped ten cents, the port container backlog was almost fixed, and all the retail sales shelves are stocked for Christmas purchasing. Smiles everyone, smiles. [Excerpt Below]
♦ A couple of overall notes. Biden is proclaiming a massive improvement in the port backlog in California. However, a more careful review of the specifics from the ports themselves, via John Porcari, reveals this nuance: “The percentage of — the number of long-dwelling containers — the ones that have been there eight days or more — has been cut in half.” The percentage of, the number of, 8+ day delayed containers has been reduced by 50% in the past two months.
According to the White House, the U.S. economy is doing great, things are perfect and getting better. The economy is doing so well, students can’t afford or find jobs to pay back their loans. Wait a min.., wha… huh?
After taking the national temperature, the White House has now announced their new Omicron control plan.
