{"id":1901166,"date":"2023-03-20T05:42:06","date_gmt":"2023-03-20T09:42:06","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-storm-clouds-gather-over-bidens-impending-reelection-bid\/"},"modified":"2023-03-20T05:43:47","modified_gmt":"2023-03-20T09:43:47","slug":"economic-storm-clouds-gather-over-bidens-impending-reelection-bid","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economic-storm-clouds-gather-over-bidens-impending-reelection-bid\/","title":{"rendered":"Economic storm clouds gather over Biden&#8217;s impending reelection bid"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feconomic-storm-clouds-gather-over-bidens-impending-reelection-bid%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1901166&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"col-12 col-md-7 col-lg-8 col-xl-9 float-left body colgap-l-50\" itemprop=\"mainEntityOfPage\">\n<div class=\"ArticlePage-articleBodyWrapper\">\n<div class=\"ArticlePage-articleBody\" itemprop=\"articleBody\">\n<div class=\"RichTextArticleBody\">\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_79070551\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">\n<meta itemprop=\"name\" content=\"International Criminal Court issues arrest warrant for Putin\"><br \/>\n<meta itemprop=\"description\" content=\"The International Criminal Court has issued an arrest warrant for Russian President Vladimir Putin over the war in Ukraine. The ICC announced the warrant on Friday and said he was \u201callegedly responsible for the war crime of unlawful deportation of population (children) and that of unlawful transfer of population (children) from occupied areas of Ukraine to the Russian Federation.\u201d\"><br \/>\n<meta itemprop=\"duration\" content=\"PT1M30S\"><br \/>\n<meta itemprop=\"uploadDate\" content=\"2023-03-17 16:27:14\"><br \/>\n<meta itemprop=\"thumbnailURL\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/snapshot\/1264523_th_1679070434.jpg\"><br \/>\n<meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1264523.mp4\">\n<\/div>\n<p><script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_79070551\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1264523\"} }); <\/script><br \/>\n<script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>\n<\/div>\n<\/div>\n<p>President Joe Biden is trying to showcase his economic competency one week after the largest bank collapse since 2008. However, the public&#8217;s skepticism about the Democrats&#8217; management of the economy may pose a challenge for Biden&#8217;s impending reelection campaign.<\/p>\n<p><b>The Ticking Time Bomb of Biden&#8217;s TikTok<\/b><\/p>\n<p>According to GOP strategists like Republican National Committee spokesman Gates McGavick, Biden &#8220;incited&#8221; inflation through his partisan spending packages, which &#8220;compelled&#8221; the Federal Reserve Bank to increase interest rates and have a negative impact on financial institutions, like Silicon Valley Bank, Signature Bank and now First Republic Bank. <\/p>\n<p>&#8220;Now Biden wants to make the same mistakes with his disastrous $6.9 trillion spending spree,&#8221; McGavick told the <i>Washington Examiner<\/i> regarding the President&#8217;s 2024&#8217;s fiscal budget. &#8220;Biden wants to make everything worse while Americans are living with the consequences of his failed economy.&#8221;<\/p>\n<p>While Democrats are confident that they can convince the public that the economy is going well, inflation is still a problem, and the party is running out of time to win the argument before the hard debt ceiling deadline and potential default this summer. Furthermore, the Supreme Court is expected to issue an opinion in June on immigration-related federal authority Title 42, whose rescission could lead to an increase in border crossings, for which Biden seems ill-prepared.<\/p>\n<p>&#8220;His budget reflects [his] priorities and how he&#8217;s focusing on holding tax cheats accountable, extending the solvency of Medicare, protecting Social Security, investing in manufacturing jobs in the United States,&#8221; said a senior Democratic official. &#8220;That is a budget that reflects the values of Democrats and President Biden.&#8221;<\/p>\n<p>Biden&#8217;s &#8220;swift action&#8221; concerning SVB &#8220;saved a lot of jobs and small businesses,&#8221; said Democratic strategist Mike Nellis. &#8220;The economy created 300,000 jobs last month, while inflation is slowing. Overall, President Biden is doing his job, and he&#8217;s doing it quite well.&#8221;<\/p>\n<p>While Biden has been criticized for his delayed responses to several events, such as the Chinese spy balloon and the toxic train derailment in East Palestine, Ohio, his administration was relatively quick to react to a run on SVB by depositors last week. <\/p>\n<p>Despite Biden&#8217;s moves, Yellen had to broker a $30 billion deal with 11 other banks to demonstrate private sector support for troubled First Republic Bank. Biden is also differentiating his response to the financial crisis of 2008 from that of former President Barack Obama, repeating that he did not approve a taxpayer-funded bailout.<\/p>\n<p>&#8220;When banks fail due to mismanagement and excessive risk-taking, it should be easier for regulators to clawback compensation from executives, to impose civil penalties, and to ban executives from working in the banking industry again,&#8221; he wrote. &#8220;Congress must act to impose tougher penalties for senior bank executives whose mismanagement contributed to their institutions failing.&#8221;<\/p>\n<p>Despite the efforts to alleviate the situation, Biden still underperforms polls when it comes to his economic management. According to a Quinnipiac University survey released this week, Biden&#8217;s job approval ratings remained negative among registered voters (39%-55%) and even worse when all respondents were quizzed on the economy (36%-59%).<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read More From <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-economy-silicon-valley-first-republic\">Economic storm clouds gather over Biden&#8217;s impending reelection bid<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden is attempting to prove his economic chops one week after the biggest bank collapse since 2008. But with the public already skeptical of Democrats&#8217; management of the economy, Biden is poised to announce his likely reelection campaign on the back foot. BIDEN&#8217;S TIKTOK TICKING TIME BOMB Biden &#8220;fueled&#8221; inflation through his partisan<\/p>\n","protected":false},"author":1,"featured_media":1901167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[7564,3706,12740,4202,6751,5681,8313,4180],"class_list":["post-1901166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bid","tag-bidens","tag-clouds","tag-economic","tag-gather","tag-impending","tag-reelection","tag-storm"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1901166"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1901166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1901167"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1901166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1901166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1901166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}