{"id":614,"date":"2022-03-02T17:21:23","date_gmt":"2022-03-02T17:21:23","guid":{"rendered":"https:\/\/www.rubinwealthadvisors.com\/rubinreport\/?p=614"},"modified":"2025-05-16T12:32:23","modified_gmt":"2025-05-16T12:32:23","slug":"biden-administration-threatens-to-solve-supply-chain-problem","status":"publish","type":"post","link":"https:\/\/www.rubinwealthadvisors.com\/rubinreport\/biden-administration-threatens-to-solve-supply-chain-problem\/","title":{"rendered":"Biden Administration Threatens to Solve Supply Chain Problem"},"content":{"rendered":"\t\t
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USA Being Threatened by Biden Administration Supply Chain Issues<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Even with the Joe Biden administration supply chain issues piling up, Biden took credit in his State of the Union speech for improving a few things inside the American economy that simply don\u2019t pass the test of even a\u00a0<\/span>cursory fact check<\/span><\/a>.<\/span><\/p>

First, he talked about the number of jobs added in the economy last year as being a record 6.5 million.\u00a0 While that number is true, he ignored that fact that 9.5 million jobs were lost in the prior year due to the panic over the pandemic.\u00a0 Fewer people are working today than were during the boom years of the Trump Presidency.<\/p>

Biden then mentioned that manufacturing jobs had increased by 359,000 last year.\u00a0 Unfortunately, according to data from his Bureau of Labor Statistics, that number was only 179,000 and, like the overall jobs number, fails to account for manufacturing jobs at pre-pandemic levels (note: the page with the DOL statistics has been temporarily taken down as of this writing).<\/p>

Let\u2019s give Uncle Joe the benefit of the doubt and assume that he just doesn\u2019t understand economics as opposed to the inescapable alternative, that being he is simply lying. In generously presuming the ignorance of the President, let\u2019s turn our attention to the much discussed, little understood, supply chain crisis and what government should, and shouldn\u2019t, do about it.<\/p>

Any businessperson has an almost inherent understanding of what the term \u201csupply chain\u201d means and what its function is in pathing the final delivery of goods and services to American citizens, for whom economics has created alternate terms of art in \u201cultimate consumer\u201d or \u201cend user.\u201d While businesspeople understand the meaning of supply chain, they also understand that the supply chain itself is extraordinarily complex and not something that can be controlled by government in the manner that socialists like Joe Biden and his team tend to prefer.<\/p>

Said differently, the socialists inside the Biden administration might be able to centrally manage and plan Uncle Joe\u2019s day, but they can\u2019t replicate the process for the supply chain. Only market mechanisms can build an effective supply chain, and in order for those mechanisms to work, government has to stay out of the way.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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