Varney on baby formula shortage: Biden’s ‘gross incompetence’ has world laughing at us

Stuart Varney on baby formula shortage: Biden’s ‘gross incompetence’ has world laughing at us

FOX Business' Stuart Varney rips the Biden administration's slow reaction to the baby formula crisis.

...

STUART VARNEY: The baby formula shortage is a story of gross government incompetence. It goes all the way up to the top.

On October 21, 2021, a whistleblower drew attention to problems at a baby formula plant.

It was two months before the Food and Drug Administration interviewed the whistleblower. It took them another month to inspect the plant, and another two weeks to shut it down and recall the product.

That’s more than three months between the alarm bell and action.

You would have thought that at that point, with the alarm bells ringing and shortages developing, the government would have a plan to fill the emptying shelves. They didn't. High tariffs and regulations stopped imports from Europe.

You would have thought that HHS Secretary, Xavier Bacerra, who is in charge of the FDA, would have jumped on this, changing the regulations and urging lower tariffs. For months, he did nothing. You never see this guy, and you have to wonder why a man with zero experience in healthcare runs the country's biggest health bureaucracy.

And when did President Biden know about the growing shortage? Surely his aides told him. Is he ill-informed? Or dragging his feet again?

Finally, last week, a shipment of formula from Europe arrived. And the White House, spinning like crazy, took a victory lap.

The spin won't work. The shelves are still emptying. Gross incompetence. The world is laughing at us.

...

Subscribe to Fox Business! https://bit.ly/2D9Cdse
Watch more Fox Business Video: https://video.foxbusiness.com
Watch Fox Business Network Live: http://www.foxnewsgo.com/

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook: https://www.facebook.com/FoxBusiness
Follow Fox Business on Twitter: https://twitter.com/foxbusiness
Follow Fox Business on Instagram: https://www.instagram.com/foxbusiness