most states are seeing an out of stock rate of 40 to 50%. house republicans introducing legislation to make it easier to import formula from other countries, and many of those lawmakers are dealing with this problem themselves. this crisis has been brewing for months. since my 4-month-old has been born, my entire family across four states scouring shelves looking for formula for which he is dependent to survive. this chart shows you when this abbott production facility shut down. you can see that the problem and the shortage certainly got worse after that, but it was already a problem before, so while abbott and the federal government acknowledges it s extremely important and urgent to get this factory back open, it s not the silver bullet. there s got to be another solution to getting baby formula back on store shelves. we should hear from the president, at least his
what we do know, this is a problem that s gets worse. nationwide, the out of stock rate is now at 43%. texas, tennessee, arizona, nevada, hit the hardest. abbott says it s flying in formula from europe to make up for the shut down here. other formula makers say they are ramping up production as well. it s not as easy as it sounds. cannot turn it up to 11 and produce more formula. these are precise manufacturing mechanisms. secondly, make sure that if the abbott products can come back on the market, that they are safe and effective. so once the factory restarts, it will take, abbott says, 6 to 8 weeks, two months until the formula goes from here to store shelves across the country. obviously this is not a problem that can be that can wait two months, and that s why parents, as well as lawmakers in washington, d.c., are calling on president biden and the f.d.a.
everything, tax everything, spend, is failing. as the progressive experiment has failed in other countries even european countries have backed off it, and biden and his people have fallen for it hook line and sinker, it has not worked, you know, stock markets going down, inflation is going up, economy is slowing, he s got to make serious changes if he wants to get on top of this. gillian: larry, you just laid out the problem pretty thoroughly. you used to advise the american president for a living. what would you tell the president if you had his ear? and i want to be constructive here, for a lot of reasons. you have to be honest with him. his senior advisors have to go into the oval office and when they have their meetings, they have to tell him, sir, our policies are not working. and we need to change them. now, they ve got advisors, i don t expect a call, i would
game. pin it on greedy corporations for hiking prices too much. that just doesn t add up. to show voters he s on top of the problem, mr. biden needs to do more than blame someone else for high prices. but what he was asked the other day if he shoulders any of the blame, he said no, my policies have helped, not hurt. the problem, john, the issue of inflation, the damage is done. so, the issue, if you look at the data and when inflation started to go up, it was after the 1.9 trillion american rescue plan passed in february of last year. that s when inflation took off. show almost immediately two months after the bill was passed, the white house said it s transitory inflation, first said it was not happening, and then transitory, and then tried to say it s a high class problem, of course inflation affects everybody in the country, especially the middle and lower classes. and now then they moved on to corporations being greedy, price
said what do you need? is there a regulation you need us to waive, we needed to get gas faster from the ports to the gas stations, so we said great, i ll provide you security, police officers, law enforcement to get you there faster. so what we did, we put all hands on deck, we said what do what does each person in the supply chain need and we helped them. he should take each part of the supply chain and say ok, how can we accelerate this? my understanding, there are plants that are shut down. what s the issue, how do we get those back open and get the formula to the stores as quickly as possible. i m hearing from young mothers, they are spending their whole weekend just driving around trying to find formula, and just hoping to god that you know, there is enough formula until their child does not need formula anymore. it s a real problem across the country, and think about this, john. how could we have a problem like this in the united states of america?