WARNING: ‘National Economic Catastrophe’


(GoRealNewsNow.com) – Although the United States is a country with one of the most stable economies in the world, Democratic Maryland Governor Wes Moore has raised concerns about the nationwide economic impacts following the collapse of a bridge in Baltimore last week.

Moore appeared on CNN’s “State of the Union” to talk about the outcome of the Francis Scott Key Bridge collapse after a container ship struck on Monday last week, which resulted in six fatalities.

CNN host Dana Bash asked the Maryland governor about the economic consequences of such an incident, given that it is one of the top ten busiest ports in the U.S.

“Could Americans see delays and higher prices as a result?” Bash inquired.

In response, Moore stated:

“Absolutely and people have to remember this is not a Baltimore catastrophe, not a Maryland catastrophe. This is a national economic catastrophe as well. As you mentioned, this port is one of the busiest, most active ports inside of the country, so this is not just going to have an impact on Maryland. This is going to impact the farmer in Kentucky. This is going to impact the auto dealer in Ohio. This is going to impact the restaurant owner in Tennessee.”

He continued, “Whether you talk about all those various industries, the port of Baltimore is the largest port in the country for all of those things. And so the reason that we need people to move in a bipartisan basis and move in a fast basis is not because we need you to do Maryland a favor.

“Maryland needs no favors. We need to make sure that we‘re actually moving quickly to get the American economy going again because the port of Baltimore is instrumental in our larger economic growth,” Moore emphasized.

The Biden administration quickly approved an initial $60 million request from Moore’s office. This funding, designated for “support mobilization, operations, and debris removal,” is just the beginning.

Biden has pledged to provide the financial support necessary for the complete rebuilding of the bridge.

According to the U.S. Energy Information Administration, the port of Baltimore handled an estimated 20 % of all American coal exports and facilitated 52 million tons of foreign exports valued at roughly $80 billion through the waterway in 2022.

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