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US Freight Rail Crisis Could Sink Pelosi with Supply Chain Chaos Right Before Midterms
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zinn
Sep 1, 2022, 3:11:59 AM9/1/22
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The United States freight rail crisis may trigger further supply chain
chaos that could sink Democrat House Speaker Nancy Pelosi (D-CA) right
before the November midterm elections.
The midterms are fast approaching and no one knows what will happen.
The Republicans have huge historical momentum and the party out of power
usually wins the midterms.
The GOP is also boosted with political momentum after a series of Democrat
President Joe Biden’s debacles.
The numbers predicted a huge, massive red wave would sweep over the
country.
And the numbers still point to that happening although the polls have
tightened considerably.
The polls in 2020 showing the Democrats were going to sweep the Senate and
dominate in the House were all wrong.
But all agree the only chance Nancy Pelosi has to keep her job is to pull
an inside straight in the remaining months.
She needs no blunders from Biden or AOC and she has to pray prices,
especially for gas and groceries, drop.
However, according to a new report in Wired, a crisis is about to drop in
Pelosi’s lap right before the midterms.
The US freight rail system is having logistical and labor issues that
threaten to bring the economy to its knees a month before the midterms
thus sinking any hope Pelosi has of keeping her job.
According to Wired:
“Worse, the US freight rail system is now poised on the brink of total
paralysis because of a contract dispute between 115,000 rail workers and
their employers.
“Negotiations have dragged on since the last contract expired in 2019,
during which time rail workers have not had a raise.
“Under the Railway Labor Act, federal government mediators try to prevent
railroad work stoppages, in this case to no avail.
“On August 16, a three-member presidential emergency board appointed by
President Biden issued recommendations for the basis of a new contract.
“If the sides don’t reach agreement by September 15, rail workers can
strike—a scenario that Rick Paterson, a rail analyst at the investment
firm Loop Capital Markets who testified during the STB hearings, calls
“economic WMD.”
“The fallout of a prolonged strike would likely eclipse those from
pandemic delays to ocean shipping because a foundational component of many
supply chains would see its labor supply evaporate overnight, says
Paterson.
“Ports would jam; trucking rates would soar; livestock would run out of
feed.
“For that reason, Congress would likely intervene to delay or quickly end
a strike, as it did during the last railroad strike in 1991,” Wired
reports.
“But lawmakers may not have much time: The deadline is just three days
after the House of Representatives returns from recess.”
https://slaynews.com/news/us-freight-rail-crisis-could-sink-nancy-pelosi-
right-before-midterms-by-causing-supply-chain-chaos/
chaos that could sink Democrat House Speaker Nancy Pelosi (D-CA) right
before the November midterm elections.
The midterms are fast approaching and no one knows what will happen.
The Republicans have huge historical momentum and the party out of power
usually wins the midterms.
The GOP is also boosted with political momentum after a series of Democrat
President Joe Biden’s debacles.
The numbers predicted a huge, massive red wave would sweep over the
country.
And the numbers still point to that happening although the polls have
tightened considerably.
The polls in 2020 showing the Democrats were going to sweep the Senate and
dominate in the House were all wrong.
But all agree the only chance Nancy Pelosi has to keep her job is to pull
an inside straight in the remaining months.
She needs no blunders from Biden or AOC and she has to pray prices,
especially for gas and groceries, drop.
However, according to a new report in Wired, a crisis is about to drop in
Pelosi’s lap right before the midterms.
The US freight rail system is having logistical and labor issues that
threaten to bring the economy to its knees a month before the midterms
thus sinking any hope Pelosi has of keeping her job.
According to Wired:
“Worse, the US freight rail system is now poised on the brink of total
paralysis because of a contract dispute between 115,000 rail workers and
their employers.
“Negotiations have dragged on since the last contract expired in 2019,
during which time rail workers have not had a raise.
“Under the Railway Labor Act, federal government mediators try to prevent
railroad work stoppages, in this case to no avail.
“On August 16, a three-member presidential emergency board appointed by
President Biden issued recommendations for the basis of a new contract.
“If the sides don’t reach agreement by September 15, rail workers can
strike—a scenario that Rick Paterson, a rail analyst at the investment
firm Loop Capital Markets who testified during the STB hearings, calls
“economic WMD.”
“The fallout of a prolonged strike would likely eclipse those from
pandemic delays to ocean shipping because a foundational component of many
supply chains would see its labor supply evaporate overnight, says
Paterson.
“Ports would jam; trucking rates would soar; livestock would run out of
feed.
“For that reason, Congress would likely intervene to delay or quickly end
a strike, as it did during the last railroad strike in 1991,” Wired
reports.
“But lawmakers may not have much time: The deadline is just three days
after the House of Representatives returns from recess.”
https://slaynews.com/news/us-freight-rail-crisis-could-sink-nancy-pelosi-
right-before-midterms-by-causing-supply-chain-chaos/
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