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Biden predicts Democrat midterms win, says economy improving

Stock Markets Nov 04, 2022 10:11PM ET
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© Reuters. U.S. President Joe Biden speaks as he participates in a campaign fundraising event for U.S. Rep. Mike Levin (D-CA) in San Diego, California, U.S., November 3, 2022. REUTERS/Kevin Lamarque

By Trevor Hunnicutt

ROSEMONT, Ill. (Reuters) -U.S. President Joe Biden, battling to show restive 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 Democrats will prevail in Tuesday's midterms despite polls showing Republican gains.

On a three-day, four-state campaign swing, Biden stopped at Viasat Inc., a U.S. communications firm in Carlsbad, California, to tout efforts to increase semiconductor chip production and resolve supply chain issues that erupted early in his presidency.

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

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

He said he planned to have a "come to the Lord" talk with U.S. oil companies soon to complain about their record profits at a time when Americans are paying high prices at the pump.

The meeting is not yet set up, Biden clarified to reporters after the speech, and the White House said the president was just making clear that 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 Illinois House members, Representatives Lauren Underwood and Sean Casten, both at risk of losing their seats if Republicans do well in midterm elections on Tuesday.

"I’m not buying the notion that we’re in big trouble” Biden told donors gathered at the event before adding that he believes Democrats will keep the house and senate

Earlier in the day, Biden declared inflation was his number one priority, stressing he was taking Americans' economic concerns seriously as voters go to the polls on Tuesday to decide whether he and his Democrats hang on to control of the U.S. Congress.

"Folks, our economy continues to grow and add jobs even as gasoline prices continue to come down," he said. "We also know folks are struggling from inflation." But he said there are "bright spots" where the country is rebounding.

Forecasts show Republicans are poised to take control of the U.S. House of Representatives and perhaps the Senate as well, which would give 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 thought Democrats might buck the trend this time. "We're going to win this time around. I feel really good about our chances," he said, adding Democrats have a good chance of winning the House of Representatives.

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

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

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

Biden predicts Democrat midterms win, says economy improving
 

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Comments (12)
William Smith
William Smith Nov 06, 2022 9:17PM ET
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Guess Joe has been talking to the Dominion folks.
Brad Albright
Brad Albright Nov 06, 2022 9:17PM ET
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And Hugo Chavez. Don't forget Hugo Chavez.
Tre Hsi
Tre Hsi Nov 06, 2022 9:17PM ET
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you have been talking to that MyPillow guy again, haven't you?
Mark E
Mark E Nov 06, 2022 3:43AM ET
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In October 2020 Biden said his team has created the most extensive voter fraud organization in American history
Brad Albright
Brad Albright Nov 06, 2022 3:43AM ET
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And it worked to!!! Thanks to Hugo Chavez.
Tre Hsi
Tre Hsi Nov 06, 2022 3:43AM ET
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"In October 2020 Biden said his team has created the most extensive voter fraud organization..."  -- he said that, to you?  and when he said that was Sauron and Lord Voldemort there with you as well?
Mark E
Mark E Nov 06, 2022 3:39AM ET
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https://www.google.com/amp/s/www.foxnews.com/politics/biden-voter-fraud-organization-video-gaffe.amp
BD
BD Nov 05, 2022 11:13AM ET
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Don the Con is responsible for this inflation mess we're in by creating a stimulus for the rich during a BULL market, a first in history, forcing Feds to continue zero rates and pushing for negative rates to ensure the bubble grew even larger, downplaying the pandemic until the economy crashed worst since the Great Depression, forcing ungodly amounts of stimulus inflation money, and worked to advance Putin's goals to make Russia great again, enabling Putin to invade Ukraine, exacerbating inflation. Sleepy Joe only inherited this mess. But he didn't do enough to stop inflation. Biden's an appeaser and not tough enough on Putin and America's enemies. We need someone other than Don the Con Man who tricked and lied to us and worked only for Putin under the guise of making America great again and definitely not Sleepy Joe either.
Brad Albright
Brad Albright Nov 05, 2022 11:13AM ET
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Its the same old story. For decades, Republicans create some kind of scandal, economic problem or international instability and the democrats have to come behind them to clean it up.
Maximus Maximus
Maximus Maximus Nov 05, 2022 5:09AM ET
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of course the Democrats will win. people of sanity, intellect and compassion still outnumber the halfwits
Christ Ariel Vohou
Christ Ariel Vohou Nov 05, 2022 2:10AM ET
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Jimmy Doodoo
JimmyD Nov 05, 2022 12:52AM ET
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Democrats are gonna win on Tuesday? Brandon must be senile!!
Casador Del Oso
Casador Del Oso Nov 04, 2022 10:52PM ET
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For me, Joe Biden is the best president ever. A few months ago I cashed out all stocks and now I'm waiting for the bottom to buyback. As soon as he was elected I knew his policies would crater our economy and cause the stock market to plummet. This is a once in a lifetime opportunity and I'm in a position to take full advantage of it. Thanks again Mr. President.
Casador Del Oso
Casador Del Oso Nov 04, 2022 10:50PM ET
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Great economy. Turkey up nearly 100% over last year.
Anthony Mak
Anthony Mak Nov 04, 2022 10:46PM ET
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Loser of the universe. Freaking creepy creep
 
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