President Joe Biden is touting his $1 trillion infrastructure plan as an eventual fix for the nation’s inflation and supply chain woes. He toured the Port of Baltimore at the start of what is likely to be a national tour showcasing the legislation.
President Joe Biden talks on the phone after speaking during a visit at the Port of Baltimore, Wednesday, Nov. 10, 2021.
Inflation has intensified instead of fading as the economy reopened after the coronavirus pandemic, creating a major challenge for Biden whose administration repeatedly said that the price increases were temporary. During remarks at the port, he acknowledged that consumer prices remained “too high.”“Everything from a gallon of gas to a loaf of bread costs more,” he said. “We still face challenges and we have to tackle them ... we have to tackle them head on.
His administration also announced new investments to reduce congestion at the Port of Savannah in Georgia, nearly a month after the administration helped brokerThe president has been trying to explain that the port congestion shows just how strong the economic rebound from the pandemic has been. A forecast by the National Retail Federation suggests a record level of imports this year.
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