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WATCH: Biden Finally Admits Fault in Baby Formula Shortage

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By Natalia Lebedinskaia @ Shutterstock.com

You probably know a family worried sick right now because they can’t find formula to feed their baby. Maybe you’re one of the grandparents who searches shelves in another state hoping to ship supplies to your daughter’s children. Or maybe you’re one of the concerned citizens donating supplies to help those who can’t afford to pay formula hoarding resellers the inflated prices online. If there’s one thing Americans are getting used to in the Biden era, it’s shortages. And bare shelves Biden has no answers and admits it. Recently, taking questions from the press, Biden finally admitted that he blew it on baby formula. Philip Wegmann reports on Biden’s admission for Real Clear Politics, writing:

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The Biden presidency was born from crisis. And that was by design.

The country was looking for stability during the chaos of COVID-19, and the former vice president offered a shaken electorate the promise of tested leadership and trusted experience. At the very least, Biden said he could offer an improvement over the reality television politics that had defined his opponent’s time in office. And that pitch worked. He won the White House, but more crises followed.

A land war in Europe, a persistent pandemic, an ugly end to the war in Afghanistan, and an unrelenting cycle of historic inflation: Each challenge came so quickly, compounding and cascading over the last, that White House staffers reportedly joked that a plague of locusts must be next. Instead, it was baby formula.

They didn’t expect a nationwide shortage, and neither did the president. “I don’t think anyone anticipated the impact of the shutdown of one facility – the Abbott facility,” Biden told reporters Wednesday, referring to the Abbott Laboratories Inc. plant in Michigan that went offline in February due to safety concerns and that has led to months-long scarcity.

But baby formula manufacturers did anticipate the impact three months ago, and moments before Biden started fielding questions from the press, they had just said as much in front of the cameras. Robert Cleveland, senior vice president for North American operations of the Reckitt Co., was the first of the manufacturers to speak, and he said he told Biden that “we knew from the very beginning this would be a very serious event.”

Tarun Malkani, president and CEO of Gerber, told Biden that his company might be a relatively small player in powdered formula but they were doing all they could out of a sense of “national duty.” He added that they were operating with the same level of urgency today that they did “when I got that first phone call informing me of the crisis situation.”

Murray Kessler, CEO of Perrigo Company, told Biden that as soon as his company heard about the recall “we could foresee that this was going to create a tremendous shortage.”

The other manufacturers present said the same, and yet the president admitted he wasn’t made aware of the gravity of the crisis until last month. Hadn’t those CEOs just told him they understood it would have a very big impact the moment the Abbott plant was shuttered, a reporter asked.

“They did,” Biden replied, “but I didn’t.”

That terse admission undercut the official administration line. The White House has insisted for weeks that they were quick to react and that they mounted a “whole-of-government approach” since the Food and Drug Administration issued the recall on February 17. Apparently, and at least according to Biden himself, this did not include the president until April.

Watch the baffling exchange below:

You’ve seen what Bidenomics means for America. Shortages, inflation, and now even declining growth.

Action Line: You need to protect your family from the Biden economy. Be sure you have your pantry stocked up, and you have a plan for your finances. If you need help, let me know.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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