HomeIndiaBiden predicts Democrats' midterm win, says economy improving OCN NEWS
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Biden predicts Democrats’ midterm win, says economy improving OCN NEWS

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updates from OCN,

ROSEMONT (Reuters) – U.S. President Joe Biden, struggling to show reluctant voters he has boosted the economy, touted his economic policies on Friday and said he planned to talk with oil companies about high prices and record profits as he predicted the Democrats would prevail in Tuesday’s midterms despite polls showing Republican gains.

During a three-day, four-state campaign, Biden stopped at Viasat Inc. (VSAT.O), an American communications company in Carlsbad, California, to tout efforts to increase chip production semiconductors and addressing supply chain issues that erupted early in his presidency.

With some Republican support, Biden signed into law the Chips and Science Act in August to jump-start domestic semiconductor production in response to slowing production of automobiles and high-tech products like those built by Viasat.

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

He said he plans to have a “come unto Lord” conversation soon with US oil companies to complain about their record profits at a time when Americans are paying high prices at the pump.

The meeting is not yet scheduled, Biden told reporters after the speech, and the White House said the president was only making it clear he was serious about forcing companies to change their behavior.

Biden left California to attend a Chicago-area fundraiser on Friday night for two Democratic House members from Illinois, Reps. Lauren Underwood and Sean Casten, both of whom face losing their seats if Republicans are successful. in the midterm elections on Tuesday.

“I don’t buy the idea that we have big problems,” Biden told donors gathered at the event before adding that he thinks Democrats will keep the House and the Senate.

Earlier in the day, Biden said inflation was his number one priority, stressing he was taking Americans’ economic concerns seriously as voters headed to the polls on Tuesday to decide whether he and his Democrats would retain control. of the US Congress.

“My friends, our economy continues to grow and create jobs even as gas prices continue to fall,” he said. “We also know that people struggle with inflation.” But he said there are “positive points” where the country is bouncing back.

Forecasts show that Republicans are poised to take control of the US House of Representatives and possibly the Senate as well, giving them the power to block Biden’s legislative agenda for the next two years.

The party in the White House historically loses control of Congress during the first half of a new president’s term.

However, Biden said he thinks Democrats could turn the tide this time. “We’re going to win this time around. I feel really good about our chances,” he said, adding that the Democrats had a good chance of winning the House of Representatives.

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

Democrats’ electoral hopes have been hammered by voter concerns over high inflation, and Biden’s public approval rating has remained below 50% for more than a year, hitting 40% in a recent Reuters/Ipsos poll. .

Biden also warned of what Democrats say are the dangers Republicans backed by former President Donald Trump pose to American democracy.


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