As he and his team work to address America’s economic issues, President Joe Biden just issued a warning to the populace that economic setbacks are likely.
Biden issued his warning when speaking to a group of business and labor leaders on Friday,
“It’s going to take time to get inflation back to normal levels as we keep our job market strong. So, we could see setbacks along the way: I don’t doubt that. But, thus far, we’re in good shape. But, we’re laser-focused on that.”
It’s a post-election statement that one might anticipate from a Democratic politician in general.
Of course, before the election, everything was ideal and just getting better. It’s a different story after the election, though, when it comes to the need to try to reassert reality among Democratic voters before it sets in.
The truth is that things may theoretically still grow worse economically if Biden continues to lead the way.
“We had an extraordinary two years of progress from the American Rescue Plan, the bipartisan infrastructure law, the Inflation Reduction Act, and the CHIPS and Science Act. But what I’m most excited about is that people are starting to see the impact of these legislative achievements in their own lives. We’re just getting started.”
Republicans will likely be able to try to limit Democratic spending for the next two years now that they are in control of the House. One question is whether they can change what the Democrats have already accomplished, including passing the so-called Inflation Reduction Act.