The empty grocery shelves.
The continually climbing gas prices.
The high cost of Thanksgiving dinner this year—if you can get a Turkey.
The local restaurant closed on Monday and Tuesday when it used to operate seven days a week because of the inability to find workers.
And the worry by parents that the holiday gifts their child wants is stuck in some supply chain bottleneck.
All of these add up to the ultimate kitchen table issue: inflation that tightens your pocketbook and slows down the economy.
Inflation, in political terms, is more often a crisis of feeling and actions—the country is going in the wrong direction, deciding to hold off on a purchase, the dread of having to dip into savings to pay the bills
We have heard time and time again during the pandemic that we should listen to the medical experts when it comes to masks and vaccine mandates.
Well, it’s time to listen to the business experts and economists when it comes to our financial picture. What we hear is not a pretty sight and it’s time for politicians, starting at the top, to deliver the unvarnished truth.
The bottleneck at our ports is not going away anytime soon—the backup off the coast is still over 100 ships and there are more waiting beyond that according to industry leaders. The trucking shortage is still slowing down inventory getting to stores and warehouses. Workers wages are rising as a result of a tighter labor market. All of these costs are being passed on to the consumer.
Any benefits of the Bipartisan Infrastructure Bill promised to address inflation will not be able to make all the problems with the supply chain across all industries go away by the time the holiday season arrives.
President Joe Biden needs to make how to deal with inflation a top priority, even pushing aside COVID issues. The President should start by addressing the nation to give us shareholders a report on where we are and provide a comprehensive economic plan. Republicans, who are playing politics with the issue as part of their plan to regain Congress, must come to the table in good faith to work on solutions.
This is an issue that can no longer be put on the back burner. It must be front and center of both party’s agendas.
Americans have a growing feeling of helplessness due to concerns about inflation. At a time when the end of the restrictive coronavirus pandemic rules are in sight, all of us are uneasy as we sit around the kitchen table doing our monthly bills.
President Biden was elected in part to be a steady hand during times of crisis. In our view, this will be the defining issue of his presidency. We are on the verge of a full blown economic recession if the problems surrounding inflation are not dealt with immediately. The time has come for the President to use the full weight and focus of his office to curtail this potentially crippling issue to the country.