The White House has spent the last several months lost at sea in its efforts to arrive at a cohesive plan to address inflation. The flailing has taken a harsh political toll on President Biden and has, more importantly, failed to take the wind out of soaring prices.
Perhaps even more maddening is the fact that the few actions the administration has taken have been rhetorical at best and actively counterproductive at worst.
The tendency to search for inflation scapegoats has been particularly frustrating. As outlined in the Wall Street Journal in May, American rail carriers are the latest to fall into the crosshairs of the White House despite the fact that they moved freight at record volumes in 2021.
Former White House Press Secretary Jen Psaki attacked America’s Class I rail carriers in recent remarks, cryptically suggesting that the administration would soon take actions to “address situations where a monopoly railroad isn’t providing adequate service.”
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