Biden predicts Democrat midterms win, says economy improving

CARLSBAD, Calif., November 4 (Reuters) – U.S. President Joe Biden, battling to show voters who oppose him has boosted the economy, touted his economic policies on Friday. and said he is planning to talk to oil companies, as he predicts Democrats will prevail in Tuesday’s midterm elections even though polls show Republicans winning advantage.

During a three-day, four-state campaign, Biden stopped at Viasat Inc. (VSAT.O), an American media company in Carlsbad, California, to advertise efforts to increase semiconductor chip production and solve supply chain problems that erupted early in his presidency.

With some Republican support, Biden signed into law the Science and Chips Act in August to begin domestic production of semiconductors in response to the state of autos and other products. High-tech lags like those made by Viasat.

In Viasat, Biden said the government’s latest jobs report showing the US economy added 261,000 jobs last month was a sign of progress.

Also Read :  Fed Meeting to Focus on Interest Rates’ Coming Path

He said he plans to have a “go to God” talk soon with US oil companies to complain about their record profits at a time when Americans are paying high prices for pumps. .

The meeting has yet to be set up, Biden clarified to reporters after the speech, and the White House said the president had only made it clear that he was serious about forcing companies to change their behavior.

Biden has declared inflation his number one priority, emphasizing that he is taking the economic concerns of Americans seriously as voters head to the polls on Tuesday to decide whether he and the Democrats will continue to control the US Congress or not.

Also Read :  China's trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

“People, our economy continues to grow and create more jobs even as gasoline prices continue to fall,” he said. “We also know people are struggling with inflation.” But he said there are “bright spots” where the country is recovering.

Projections suggest that Republicans are willing to take control of the US House of Representatives and perhaps the Senate, which would give them the power to block Biden’s legislative agenda for the next two years.

The party in the former White House lost control of Congress during the first half of the new president’s term.

Also Read :  From Russia with cash: Georgia booms as Russians flee Putin's war

However, Biden said he thinks Democrats can buck the trend this time around. “We’re going to win this time around. I feel really good about my chances,” he said, adding that Democrats have a good chance of winning the House.

Biden’s campaign will conclude with a joint appearance in Philadelphia on Saturday with former President Barack Obama.

Democratic election hopes have been dashed by voter concerns about high inflation, and public approval of Biden has remained below 50% for more than a year, reaching 40%. in a recent Reuters/Ipsos poll.

Biden has also warned about what Democrats say are the dangers that former President Donald Trump-backed Republicans pose to American democracy.

Reporting by Trevor Hunnicutt, Andrea Shalal and Steve Holland; Additional reporting by Daniel Trotta; Edited by Kim Coghill and Josie Kao

Our Standards: Thomson Reuters Trust Principles.

Source

Leave a Reply

Your email address will not be published.

Related Articles

Back to top button