Biden Administration Probe of Supply Chain Woes Slammed as ‘Demagoguery’
The Washington Times cites Research Fellow Sean Higgins and Senior Fellow Marlo Lewis on the current supply chain crisis:
But researchers at the Competitive Enterprise Institute (CEI) predicted the investigation won’t uncover wrongdoing because the companies are as much victims of the crisis as anyone else.
“They are going to find that [retailers] are basically just as caught up by the crisis as much as anybody else,” Sean Higgins, a research fellow at CEI, said at a webinar on the supply chain crisis.
“These are people who sell products to the public. A supply chain crisis is a crisis for them. It means that they don’t have the products they want to sell,” he added.
Marlo Lewis, a senior fellow at CEI, said the FTC typically opens investigations when prices spike in a specific sector such as oil and gas. He said investigators usually come up empty, although the probes score political points and favorable headlines.
“It’s all a matter of supply and demand, but alleging corporate skullduggery makes for political theater,” Mr. Lewis said. “It’s demagoguery. This is an attempt to somehow discredit American enterprises in general.”