CARLSBAD, Calif., Nov 4 (Reuters) – U.S. President Joe Biden, struggling to show skeptical voters that he has boosted the economy, announced his economic policies on Friday and said that he is planning a dialogue with the oil companies, as he predicted that the Democrats will win. on Tuesday the midterm elections despite the polls showed the success of the Republican.
During the three-day, four-state campaign, Biden stopped at Viasat Inc. (VSAT.O), a U.S. telecommunications company based in Carlsbad, California, to announce efforts to increase production of semiconductor chips and solve supply problems that quickly plagued his presidency.
With Republican support, Biden signed into law in August the Chips and Science Act to start semiconductor manufacturing in the country in response to the slow production of cars and technology products. such as those developed by Viasat.
In Viasat, Biden said that the latest government jobs report shows that the US economy added 261,000 jobs last month as a sign of progress.
He said that he plans to have a “come to the Lord” conversation with the American oil companies soon, to complain about their earnings while they are being paid by Americans the highest prices at the pump.
The meeting was not scheduled, Biden explained to reporters after the speech, and the White House said the president was only making it clear that he was serious about forcing companies to change their behavior. .
Biden said the economy is his number one priority, underscoring how serious he is about the economic concerns of the American people as voters head to the polls on Tuesday to decide whether he and his Democrats remain in control of the US Congress.
[1/3] US President Joe Biden speaks on the CHIPS and Science Act at Viasat Inc., a technology company that will benefit from the passage of the CHIPS and Science Act, in Carlsbad, California, US, November 4, 2022. REUTERS/Mike Blake
“Gentlemen, our economy continues to grow and jobs are added even if the price of gasoline continues to fall,” he said. “We also know that people are struggling from the economic climate.” But he said there are “bright spots” where the country is recovering.
Reports indicate that Republicans are preparing to take control of the US House of Representatives and possibly the Senate, which would give them the power to block Biden’s legislation for the next two years.
The party in the White House has historically lost control of Congress in the first half of a new president’s term.
However, Biden said he thought the Democrats might oppose the position this time. “We will win now. I feel very happy with our chances,” he said, adding that the Democrats have a good chance of winning the House of Representatives.
Biden’s campaign will culminate in a joint appearance in Philadelphia on Saturday with former President Barack Obama.
Democrats’ polling prospects have been hurt by voters’ concerns about high inflation, and Biden’s public approval rating has remained below 50% for more than year, it came to 40% in a recent Reuters/Ipsos poll.
Biden has also warned about what the Democrats say are the dangers that the Republicans supporting former President Donald Trump 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
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