On Friday, US President Joe Biden expected a swing at the end of the campaign in favor of the Democrats in the upcoming midterm elections on November 8, thanks to the improvement in the economic situation, he said.
“There’s been a lot of delay, with them (Republicans) in the lead, us in the lead, and they’re in the lead, it’s okay, it’s coming,” the Democratic president told reporters at the White House in three weeks’ time. voting day.
Opinion polls have varied greatly. I think we’re going to see a new shift in our favor in the last few days,” he added, while recent polls have given Republicans a rather advantage.
The midterm elections will be crucial because they could push the narrow majority of Democrats to the Republican side in Congress.
But according to Joe Biden, voters are starting to see “good news in the economy,” seeing its weak spot with very high inflation.
Joe Biden listed the gradual decline in gasoline prices, which have risen sharply, and the low unemployment rate in most parts of the country, as well as the announcement on Friday of the “largest-ever reduction in the federal deficit.”
The federal deficit was $1.375 billion in the 2022 fiscal year ending in September, down $1.400 billion from last year.
He also confirmed that Republicans intend to eliminate the minimum tax rate for large corporations and “double” tax cuts for the wealthy.
An economic program he described as a “massive MAGA” in favor of the rich, a reference to former president and billionaire Republican Donald Trump’s slogan (“Make America Great Again”).
“The kind of policy that has failed in the past and will fail again,” he added.
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