Under Control or Cause for Concern? Narratives Split on State of Supply Chain
Summary from the AllSides News Team
As the Biden administration celebrates recent economic progress, is the supply chain crisis truly under control?
President Joe Biden on Wednesday proclaimed that "Packages are moving, gifts are being delivered and shelves are not empty" after receiving a progress report from his cabinet. Retail inventories are reportedly up 3% from last year, and Biden said delivery times for postal services "are faster than before the pandemic." He also noted that gas prices in 21 states "are at their historic averages before the pandemic." White House Press Secretary Jen Psaki began her Wednesday press briefing by saying that "As the New York Times said today, Christmas gifts are arriving on time this year. Good news: We’ve saved Christmas!” Transportation Secretary Pete Buttigieg announced Thursday that $241 million would be distributed to ports to help alleviate clogged supply chains. In a recent poll from CNN, nearly 80% of respondents said rising costs and supply chain problems are major issues.
Reports across the spectrum highlighted Biden's comments, but with different framing. Left-rated sources focused more on the recent economic improvements he noted. Right-rated sources often mentioned Psaki's remarks alongside survey data that suggests more Americans than ever don't plan to buy Christmas gifts this year due to inflation. Some also highlighted big companies missing earnings estimates and high housing prices as signs that supply chains and inflation remain major problems. Center-rated sources were also split, with some leading with Biden's remarks about the crisis being averted and others covering continued issues, such as food shortages at schools.
Featured Coverage of this Story
From the Center
Joe Biden hails supply chain win but problems persistUS President Joe Biden has said government measures to tackle global supply chain issues have averted a pre-Christmas crisis.
He was speaking ahead of a meeting with officials and company bosses, including transportation giant FedEx.
In June, he created a task force to address rising prices and shortages of goods caused by the pandemic.
However, some business owners and industry experts say American firms are still facing supply problems.
"The much-predicted crisis didn't occur," Mr Biden said ahead of a meeting with his Supply Chain Disruptions Task Force and corporate...
From the Left
Biden touts progress on alleviating supply chain problems: 'Shelves are not empty'President Joe Biden on Wednesday touted progress his administration has made in alleviating supply chain issues that have spurred shortages of consumer products, raised prices for Americans and contributed significantly to historic levels of inflation in the United States.
"We brought together business and labor leaders to solve problems and the much-predicted crisis didn't occur. Packages are moving, gifts are being delivered and shelves are not empty," Biden said at the White House.
Biden on Wednesday received a progress report from members of his Cabinet and private sector CEOs on efforts to tackle supply...
From the Right
Housing Prices Continue To Soar Amid Supply Chain, Inventory CrisisThe United States is on track for the hottest housing market since 2006.
According to the National Association of Realtors, the median existing-home price in November was $353,900 — a 13.9% increase since November 2020. Year-over-year home prices have therefore risen for 117 straight months — the longest streak on record.
“Determined buyers were able to land housing before mortgage rates rise further in the coming months,” NAR chief economist Lawrence Yun explained. “Locking in a constant and firm mortgage payment motivated many consumers who grew weary of escalating rents over...
AllSides Picks
April 24th, 2024
April 23rd, 2024