TROUBLE AHEAD
Here’s the good news.
Inflation, which just a few months ago seemed a near-existential threat to the Biden presidency, is steadily ticking downward. Hundreds of billions of taxpayer dollars are starting to flow out into programs passed under Biden to spur high-tech manufacturing and repair infrastructure.
On Friday, new figures showed joblessness hitting that half-century low. This inspired Biden to boast: “I’m happy to report that the state of the union and the state of our economy is strong.”
Even if Biden has yet to formally announce his 2024 candidacy, the SOTU – followed by two very campaign-like trips Wednesday and Thursday to Wisconsin and Florida – is expected to give him a big push.
However, the Chinese balloon drama – Beijing claims it was an errant weather research balloon but the US government says it was a high-tech espionage device – shows how narratives in Washington easily take dangerous new turns.
When Biden speaks, half of the Congress members in the chamber, as well as Speaker Kevin McCarthy sitting directly behind him, will be Republicans vowing to use their new, narrow House of Representatives majority to block his policies.
Already, a major crisis is brewing over Republican refusal to extend the US debt limit, usually a rubber stamp procedure. Biden’s government warns of financial calamity, with major international implications, if Republicans stick to their guns, potentially pushing the United States into default.
Those kinds of uncertainties, as well as doubts over Biden’s future as the oldest person ever in the presidency, may be partly to blame for pessimism in the polls. An ABC News-Washington Post Poll found that 58 per cent of Democrats and Democratic-leaning independents said the party should find someone else for 2024.
Pressed with dissatisfaction, Jean-Pierre acknowledged that many voters remain worried about economic insecurity.
“It’s an incredibly complicated time,” she said. The State of the Union will be an “important moment”.
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