The core of the problem is that the politicians shut down the entire service sector of this economy. People could not spend money on eating out, concerts, movies, theaters, cruises, day trips, or even dentists, doctors and hospitals. Over 30% of people’s normal spending just disappeared. Boatloads of money in everyone’s pockets, burning holes.
Then, the politicians (Trump included, thank you very much) decided to “help” with that and turned on the printing presses at full speed. Even MORE money in everyone’s pocket burning holes.
So, people bought stuff. All kinds of stuff. Some logical, like home office furniture. And ammo. Some out of boredom, like buying a bigger house ‘cause momma is tuck at home now and tired of the old one. Most borne out of short term thinking, like puppies.
But it was all stuff. And there’s only so much stuff to go around, and only so much capacity to get more stuff. Only so many trains and trucks to move stuff.
From what I hear on the ground, AB5 still made the problem worse, but the real problem was/is the government shut down of the service sector.
