Biden: Americans Aren’t Going to Bars Because of Covid, ‘They’re Ordering Online and Buying Product’
‘We are also experiencing higher demands for goods because wages are up, as well as people having money in the bank’
EXCERPT:
Biden: “So on the one hand, we are facing new disruptions to our supplies. At the same time, we are also experiencing higher demands for goods because wages are up, as well as people having money in the bank. Because of the strength of our economic recovery, American families have been able to buy more products, but guess what, they are not going out to dinner and lunch and going to local bars because of Covid. So what are they doing? They are staying at home, they're ordering online and they're buying product. But with more people with money buying product and less product to buy, what happens? The supply chain is the reason and the answer is you guys, and I'll get to that in a minute, but what happens? Prices go up.”
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