Economy

TRAIN WRECK ADMIN: Transportation Secretary Buttigieg Promotes ‘Free Preschool for 3 and 4 Year Olds’

posted by Hannity Staff - 11.01.21

Transportation Secretary Pete Buttigieg confused millions of Americans on social media this week when he discussed “free preschool for all 3 and 4 year olds” as grocery store shelves remained empty during the country’s supply chain crisis.

“How would free preschool for all 3 and 4 year olds change things for your family?” asked Buttigieg Monday morning.

“Maybe you should focus on transportation issues?” asked one user.

“Don’t you have some work to do?” said another.

 

Buttigieg irked countless Americans late last month when he told CNN’s Jake Tapper that empty shelves at grocery stores are actually a result of Joe Biden’s successful economic policies.

“Demand is up, because income is up, because the president has successfully guided this economy out of the teeth of a terrifying recession,” said Buttigieg.

Buttigieg was reportedly in paternity leave in August as the nation’s supply chain chaos unfolded from coast to coast.

“Transportation Secretary Pete Buttigieg has been on paternity leave since mid-August – with his time off coming amid the Biden administration’s efforts to quell the supply chain crunch and the ongoing infrastructure debate on Capitol Hill to move forward with President Biden’s agenda,” reports Fox News.

 

“For the first four weeks, he was mostly offline except for major agency decisions and matters that could not be delegated,” a spokesperson for the Department of Transportation told Politico Playbook this week. “He has been ramping up activities since then.”

“Supply chain issues are a source of mounting concern as global economies attempt to meet surging demand and recover from the COVID-19 pandemic. Shortages of basic household items, such as toilet paper, raw materials needed for construction and critical tech components, like semiconductors, have contributed to a surge in prices for consumers,” adds Fox.

Read the full report at Fox News.

BIDENFLATION: Buttigieg Claims Empty Shelves, Supply Chain Problems a Result of Biden’s Successes

posted by Hannity Staff - 10.18.21

Transportation Secretary Pete Buttigieg irked countless Americans Monday when he told CNN’s Jake Tapper that empty shelves at grocery stores are actually a result of Joe Biden’s successful economic policies.

“Demand is up, because income is up, because the president has successfully guided this economy out of the teeth of a terrifying recession,” said Buttigieg.

Buttigieg was reportedly in paternity leave in August as the nation’s supply chain chaos unfolded from coast to coast.

“Transportation Secretary Pete Buttigieg has been on paternity leave since mid-August – with his time off coming amid the Biden administration’s efforts to quell the supply chain crunch and the ongoing infrastructure debate on Capitol Hill to move forward with President Biden’s agenda,” reports Fox News.

 

“For the first four weeks, he was mostly offline except for major agency decisions and matters that could not be delegated,” a spokesperson for the Department of Transportation told Politico Playbook this week. “He has been ramping up activities since then.”

“Supply chain issues are a source of mounting concern as global economies attempt to meet surging demand and recover from the COVID-19 pandemic. Shortages of basic household items, such as toilet paper, raw materials needed for construction and critical tech components, like semiconductors, have contributed to a surge in prices for consumers,” adds Fox.

Read the full report at Fox News.

ECONOMY STALLS: GDP Slows to Just 2% Growth as Supply Chain Problems Persist

posted by Hannity Staff - 10.28.21

The United States economy grew at just 2% in the third quarter of 2021, raising even more questions about the country’s slow recovery as the nation emerges from the COVID-19 pandemic.

“The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday,” reports CNBC.

“Gross domestic product, a sum of all the goods and services produced, grew at a 2.0% annualized pace in the third quarter, according to the department’s first estimate released Thursday. Economists surveyed by Dow Jones had been looking for a 2.8% reading,” adds the financial website.

“Overall, this is a big disappointment given that the consensus expectation at the start of the quarter in July was for a 7.0% gain and even our own bearish 3.5% forecast proved to be too optimistic,” wrote Paul Ashworth, chief U.S. economist at Capital Economics. “We expect something of a rebound in the final quarter of this year — if only because motor vehicles won’t be such a drag and any negative impact from Delta should be reversed.”

This is a developing story. Check back for updates.

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