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Biden's latest economic headache: China's Covid lockdowns
NBC News / Comcast ^ | May 30, 2022 | By Shannon Pettypiece, Jonathan Allen and Allan Smith

Posted on 05/30/2022 7:42:56 AM PDT by Oldeconomybuyer

WASHINGTON — President Joe Biden’s economic troubles stand to get even worse as the sweeping Covid lockdowns in China begin to ripple through the U.S. economy.

For Biden and Democrats looking to hold on to control of Congress, the upheaval in China adds one more economic pressure point ahead of the midterm elections, with voters saying the economy and inflation are their top concerns. What's more, officials in Washington fear it's a problem largely out of their control.

While Biden has no control over China’s widespread lockdowns, Republicans plan to blame him for any worsening economic conditions ahead of the midterm elections, said a national GOP strategist working on House campaigns. The strategist described the lockdowns as a “China time bomb.”

Biden has already been struggling to cope with surging gas and food prices as a result of Russia’s invasion of Ukraine, which have come on top of already high prices for cars, housing and travel. Inflation has hit its highest level in 40 years, and even before China’s lockdowns, administration officials were warning it could persist at those high levels throughout the rest of the year and potentially 2023.

(Excerpt) Read more at nbcnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: democrats; journalism; media; press

1 posted on 05/30/2022 7:42:56 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Everyone else’s fault


2 posted on 05/30/2022 7:45:44 AM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: Oldeconomybuyer

Its not hard to believe China’s Covid lockdown is causing a headache for Biden’s personal finances.


3 posted on 05/30/2022 7:49:30 AM PDT by skeeter
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To: Oldeconomybuyer

Xi and Putin are conspiring against Biden and the Democratic Party!


4 posted on 05/30/2022 7:51:51 AM PDT by zeestephen
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To: Oldeconomybuyer
The chinese youth are starting saying they will be the 'last generation'. These lockdowns have sapped alot out of people there.


5 posted on 05/30/2022 8:20:31 AM PDT by Theoria
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To: Oldeconomybuyer
Just how bad those effects will be depends on whether Chinese President Xi Jinping continues his zero-Covid policy throughout the country

Lockdown, lockdown, lock-lock-lockdown!

Not a single word on what "variant" they claim to be detecting or what it's symptoms (if any) actually are.

His zero-Covid policy throughout the country is a fallacy, that will never happen.

So no variant, impossible goals and physical threats, what is xi really doing?

Just a bunch of drones in little blue overalls, mask, gloves etc running around to give a visual illusion that the scamdemic is still going on?

.

6 posted on 05/30/2022 8:52:03 AM PDT by TLI (ITINERIS IMPENDEO VALHALLA)
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To: Oldeconomybuyer

You forgot the (D) after their names. Shannon Pettypiece (D), Jonathan Allen (D) and Allan Smith (D). They went out of their way in defense of the Biden Administration and the Democrat party. You can at least show them their due recognition.


7 posted on 05/30/2022 8:52:05 AM PDT by willk (O)
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To: Pollard

Everyone else’s fault”

Right. if we go by NBC News / Comcast poor Joe would be the greatest President ever were it not for all of these things out of his control


8 posted on 05/30/2022 9:00:16 AM PDT by es345st
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To: es345st
Right. if we go by NBC News / Comcast poor Joe would be the greatest President ever were it not for all of these things out of his control.

Yet, somehow that supposed empty-suit Donald Trump was managing these problems extremely well. Prior to the covid pandemic in fall, 2019, we saw how well this country could function with a true visionary and accomplished executive. In 2016, I was adamant that Donald Trump should not be President but in three years, he won me over totally.

9 posted on 05/30/2022 9:34:34 AM PDT by CommerceComet ("You know why there's a Second Amendment? In case, the government forgets the first." Rush Limbaugh )
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