Supply chain interruptions should be treated like ‘national emergency,’ insider warns

Inflation has hit consumer prices across the board as Americans face an interrupted supply caused by a number of factors.

One corporate insider warned in a recent appearance on Fox News that the situation is likely to get worse before it gets any better — and insisted it deserves to be treated like a “national emergency.”

“We’re out now tin-cupping for oil”

Bob Nardelli, a former CEO of both Home Depot and Chrysler, expressed a somewhat pessimistic outlook during an appearance this week on Fox & Friends.

He identified Biden administration policies like the cancellation of pipelines and limited domestic energy production as particularly harmful.

“We’re out now tin-cupping for oil when we had reached energy independence,” Nardelli concluded, according to Fox. “It just challenges common sense.”

He went on to speculate that natural gas supply “is going to be short if we have a cold winter,” which would only exacerbate the problem.

Nardelli brought up the bottlenecks at America’s seaports and expressed confusion regarding President Joe Biden’s muted response.

“Make the decision”

“Many of my colleagues, both in the public and private sector, are getting increasingly frustrated that we keep reporting an increase in the number of vessels,” he said. “We have one of the best militaries in the world. These are men and women who have the capability to unload cargo and transport cargo.”

In response, Nardelli suggested declaring “some type of national emergency” to call on this manpower to overcome an economic obstacle.

“Look at these situations,” he added. “They are not getting better. Somebody just has to make the decision to go fix these problems.”

As for soaring consumer prices caused in part by the backup at the nation’s ports, Atlanta Federal Reserve President Raphael Bostic admitted on Tuesday that the trend is likely to continue for a while, adding: “Data from multiple sources point to these lasting longer than most initially thought. By this definition, then, the forces are not transitory.”

Concerns about inflation and the general economy have contributed to the sagging approval rating Biden has received over the course of the past several months. Recent surveys show that most Americans disapprove of his economic policy, contributing to the record low numbers he continues to receive.

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