What’s Happening:
It’s no secret that a number of crises continue to hurt the U.S. economy. Despite what Biden says, these problems are contributing to crippling inflation.
Well, add another problem to the list. Biden himself has been trying to work with one of his precious unions.
But, big surprise, the old guy is unable to prevent a major problem–which will hurt something already struggling.
From Politico:
President Joe Biden has been directly in touch with unions and railroad companies to try to avert a potential strike that is already disrupting freight and passenger service across the country…
Service disruptions already starting: Freight and passenger rail service is already being affected by anticipation of a possible work stoppage as early as Friday.
As America continues to struggle with a frustrating supply chain crisis, the issue might be made much worse with a rail service strike.
Companies are already canceling freight and passenger service in anticipation of a strike.
While you might not take Amtrak every day, millions of Americans depend on rail service to travel.
Worse than that, much of our goods are moved via the railways. Any kind of delay in service will make painful supply chain delays much worse.
And, what do ya know, Biden isn’t able to fix the situation. Presidentially-appointed arbitrators are struggling to finalize a deal.
Two unions, which represent engineers and conductors, are refusing to accept a compromise deal.
Which could lead to a strike as early as this Friday.
The supply chain took a hit when ships were unable to offload goods at ports in California. Why? Because we need at least 30,000 more truck drivers to carry goods across the country.
Imagine what might happen in rail lines, which carry a good portion of our goods, stop running?
This is a major black mark on an administration already tarnished. And not the kind of thing Biden needs, just weeks before the election.
Perhaps if we had a competent administration, this wouldn’t even be happening.
Key Takeaways:
- Railroad unions are on the verge of a strike, which will worsen the supply chain.
- Companies have already suspended rail service in anticipation of the strike.
- Biden appointed a board to negotiate a deal, but they are failing.
Source: Politico
