LIVE: Biden's Supply Chain Crisis
Heritage Explains
Heritage Podcast Network
4.7 • 847 Ratings
🗓️ 21 October 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
Supply chain issues in conjunction with rising prices continue to clear shelves, idle factories, and take a toll on the wallets of working Americans. The Biden administration falsely insists these problems are transitory and blames the pandemic or the people trying to fix the problems. But this crisis is here to stay as long as the administration continues to push policies that make it worse. On this episode of Heritage Explains Live, we talk with Heritage trade economist Tori Smith. She breaks down the basics, catches us up on where things currently stand, and takes your questions. THIS IS WHAT YOU NEED TO KNOW!
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Transcript
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| 0:00.0 | From the Heritage Foundation in Washington, D.C., I'm Tim D.Sher, and this is another episode of Heritage Explains live. |
| 0:27.9 | Thank you. episode of Heritage Explains live. Okay, okay, okay, we're seeing it all over the media. |
| 0:32.5 | We're seeing photos and video of ships parked off of the coast in Los Angeles. |
| 0:40.3 | We're seeing it in a grocery store with empty shelves. We're reading it on menus about how they're out of certain things. |
| 0:43.3 | The term supply chain is all over the place. |
| 0:48.3 | So this week, we brought in our trade economist, Tori Smith, |
| 0:52.3 | to debunk all of the misinformation we're hearing, correct the narrative, and also posit the right policy prescriptions in how to fix this problem. |
| 1:03.3 | Heritage Explains Live is a video format that we've been trying out here, where we go on live and take your questions on Facebook and YouTube. It's a really cool |
| 1:12.1 | thing. So please, next time we do it, feel free to join us. But if you miss that, don't worry, |
| 1:18.3 | we turn it into a podcast and we're posting it here. So please let us know what you think of it. |
| 1:23.8 | So John Pop, let's roll this episode. |
| 1:29.2 | Okay, all right, all right, all right. |
| 1:30.4 | We heard you, everybody. |
| 1:31.1 | We are here. |
| 1:31.7 | We are back. |
| 1:36.0 | Heritage Explains Live from the Heritage Foundation, Washington, D.C. |
| 1:37.5 | We're live, baby. |
| 1:38.2 | This is it. |
| 1:39.0 | So welcome. |
| 1:41.7 | Now, let's cut right to it. |
| 1:49.7 | We're seeing it all over the country, all over the news, in our grocery stores, in our hardware stores, on menus at restaurants. |
| 1:51.6 | Shelves are empty. |
... |
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