Posted on 05/18/2022 1:54:58 PM PDT by Oldeconomybuyer
WASHINGTON (AP) — As President Joe Biden embarks for Asia on Thursday, he’s facing a new risk at home for the economy and his Democratic Party: a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.
The world economy can’t cast U.S. ballots. But it’s a hidden force in this year’s midterm elections and could influence whether Democrats retain control of the House and Senate.
It’s an additional challenge that highlights the steep climb for Biden, whose approval ratings have plunged as prices for everyday goods in the U.S. have soared.
Several economists said they think the U.S. is insulated from the rising energy costs that threaten Europe and from China’s decline in industrial output. But there are clear spillovers as high gasoline prices continue to weigh on voters’ minds and bank accounts.
Federal officials acknowledge that global events might make it harder for inflation to fall from near 40-year highs to levels that would assure the American public. Treasury Secretary Janet Yellen said Wednesday in Germany that she believes the strong job market means the U.S. can avoid the downturn being seen around the world.
“We have a great deal of economic momentum in the United States,” Yellen said. “But you know, this is an environment that is filled with risks, both with respect to inflation and also potential slowdowns.”
(Excerpt) Read more at apnews.com ...
I was NEVER an OphonyBama fan, but he got it right when he said that Joe Biden f***ed up everything he touched!
HST, one thing he has obviously not f***ed up is getting REALLY RICH!
It’s our burdens, Ass Press.
They’re going to need more fences in DC.
“...a global slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.”
In other news the Ministry of Food has announced an increase in the chocolate ration to 25 grams a month.
Biden’s BUMBLING grows!
Biden could not wait the get rid of all of President Trump’s policies. This is the result. However I think it is all part of the Democrat great reset plan.
They couldn't even make it a single sentence without lying.
The global slowdown is due to Biden shutting off the taps to domestic US oil production. Banning fracking, and a myriad of other foolish policies including the multiple stimulus packages.
Putin could have invaded Ukraine and no-one would have cared.
Biden’s (Obama’s) plan was to destroy the USA. One thing for sure will be his near complete destruction of what is now called the Democrat Party.
This is what both parties wanted.
That’s why they colluded to cheat Trump out.
Whatever price is paid by the citizens is of small consequence as long as the border flow of illegal aliens got going again.
At the rate people are re-electing Assistant Democrats, I don’t think we are voting our way out of this.
To the leftists, he is a howling success.
Against my better judgment, I went and read the article. The fact is, all the “presidents” of the various “Institutes,” the Deans of graduate schools, the “leading economists” of the big banks, collectively, have no idea what is going on, what will happen, or what to do, to mitigate the consequences of Biden malfeasance.
This country is leaderless and drifting, and we are on our own. Buckle up.
Joe doesn’t care about the economy.
And the main stream media strikes again. It’s not the Biden’s fault. Its not the democrats fault. Its the world economy.
I consider the O Cabal to be the one effing up...pervert is merely the messenger.
we will become a 3-party system.
Republicans
Rinos = new Democrat party
Democrats = Socialist Party
Somebody needs to tell media lackey AP to get with the sycophant program. It is Putin’s fault that Biden has screwed up everything he touches so badly, not the globe’s fault.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.