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Thursday, November 10, 2022

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President Biden: "I can't guarantee that we're gonna be able to get rid of inflation"

What was the point of the Inflation Reduction Act? Fox News: President Biden said during a press conference on Wednesday that he can’t “guarantee” his administration will be able to get rid of the country’s inflation issue. Biden was responding to a reporter’s question asking what he can “promise concretely in these next two years that will help turn the pocketbook for the better in the midst of staving off a recession” (Fox News). RNC Research: Joe Biden, a few months after signing the so-called “Inflation Reduction Act”: “I can’t guarantee that we’re gonna be able to get rid of inflation” (Twitter). CBS2: Inflation has been sitting near record highs for months, but Biden has sought to pin the blame on former president Donald Trump and Russian President Vladimir Putin for the state of the economy (CBS2).

Republicans Flip House Seats in Iowa, Arizona

KCCI: All of the counties are reporting results in the race for Iowa’s 3rd Congressional District, according to Secretary of State Paul Pate. Those results, which are unofficial, show Republican Zach Nunn with 156,237 (50.26%) votes. Democrat Cindy Axne has 154,084 (49.57%) votes (KCCI). Bloomberg: Republican Eli Crane defeated Democrat Tom O’Halleran in the race for Arizona’s 2nd Congressional District. Crane is a former Navy SEAL. O’Halleran, who was first elected to Congress in 2016, faced an uphill battle after his district was redrawn to include more Republican-friendly areas (Bloomberg).

Georgia Sets Record for Midterm Voter Turnout Despite Voter Suppression Claims

National Review: Georgia voters cast just shy of four million ballots during this year’s election, a record high number for a midterm election in the state, despite allegations by prominent Democrats that Republicans were intentionally trying to suppress minority votes. According to Georgia Secretary of State data, 3,957,598 voters cast ballots in the 2022 midterm election, up slightly from 3,949,905 in 2018 (National Review).

Steve Scalise Endorses Leader Kevin McCarthy for Speaker of the House

Fox News: House Minority Leader Kevin McCarthy on Wednesday made his case to Republicans on why he should be the next House speaker, arguing that flipping the chamber under his leadership was “no small feat” (Fox News). Katie Pavlich: House Minority Whip Steve Scalise is officially endorsing Majority Leader Kevin McCarthy for Speaker of the House if Republicans are able to get election victories across the finish line (Townhall). Townhall: Rep. Steve Scalise: “I’m supporting Kevin McCarthy for Speaker, and he’ll win that race” (Twitter). Leader McCarthy has built the republican coalition over the last few election cycles and is highly qualified to carry out the vocation of Speaker.

California, Vermont and Michigan Approve Abortion Measures

Hill: Voters in California, Vermont and Michigan on Tuesday approved ballot measures enshrining abortion rights into their state constitutions, while those in the traditionally red states of Montana and Kentucky rejected measures that would have restricted access to reproductive care (Hill). Live Action: CA, MI & VT just enshrined abortion until birth into their constitutions. KY voted against an amendment that says there is no right to abortion found in the constitution. And MT voted against requiring medical care for infants who survive abortion (Twitter).

Herschel Walker, Raphael Warnock Senate Race Heads to Runoff

National Review: The race for U.S. Senate in Georgia is headed to a runoff after both Democratic Senator Raphael Warnock and Republican challenger Herschel Walker failed to capture 50 percent of the vote. Warnock leads Walker 49.4 percent to 48.5 percent — or 35,000 votes — with 98 percent of the vote counted. The runoff election will be held on December 6 (National Review).

Republicans Show Up New York

Politico: Rep. Sean Patrick Maloney, the chair of the Democratic Congressional Campaign Committee, conceded defeat Wednesday, a humiliating loss for Democrats and the chair of the party’s campaign arm. He was ousted by GOP state lawmaker Mike Lawler, who attacked the five-term congressman over crime and inflation (Politico). Analyst Ryan Matsumoto: If Democrats lose the House (which seems likely at this point), New York may be a big reason why. In #NY03, #NY04, #NY17, #NY19, and #NY25, Republicans appear heavily favored. All five voted for Biden in 2020 (Twitter). Ed Morrissey: Why are Republicans doing so well in New York? Candidate quality matters, as it turns out, especially at the top of the ticket. And while Lee Zeldin fell short of victory against Kathy Hochul in the gubernatorial election, getting within six points of the incumbent-appointee provided lift for Republicans down the ballot (Hot Air).

Biden Does Not Intend to Change Anything Before 2024 Election

Daily Mail: Joe Biden insisted on Wednesday that he won’t change anything about his presidency after Democrats had a better night than expected in the midterm election – even though a majority of voters said the country was on the wrong track. The president was in a jovial mood after his party kept a red wave from crashing over the country in House, Senate and gubernatorial races. He mocked the media for its predictions going into election night – which had him and his Democrats doing badly – and made jokes when asked about Republicans intentions to investigate his family and about his potential 2024 competition.(Daily Mail). RNC Research: Q: “What in the next two years do you intend to do differently to change people’s opinion of the direction of the country?” BIDEN: “Nothing” (Twitter).

Russia Announces Retreat from Regional Capital of Kherson

Wall Street Journal: Russia announced a withdrawal of its troops from the southern city of Kherson and surrounding areas, the only regional capital that Moscow had seized since its invasion in February. Russian Defense Minister Sergei Shoigu ordered Russian forces to withdraw to the eastern bank of the Dnipro River at a meeting with the top Russian commander in Ukraine, Gen. Sergei Surovikin. Gen. Surovikin said the troops would leave in the coming days and take up positions on a new defensive line that had been prepared along the eastern bank of the river (Wall Street Journal). NBC: If Ukraine wins in Kherson it could put the Zelenskyy government in a better position to negotiate. But, they added, it could also discourage Russia from coming to the table if Putin believes he’s not negotiating from a position of strength (NBC).

10.

Stocks Drop as Election Uncertainty Persists

Wall Street Journal: U.S. stocks sold off sharply Wednesday, snapping a three-day winning streak, as investors wrestled with uncertainty around midterm-election results and turmoil in cryptocurrency markets. The S&P 500 shed 79.54 points, or 2.1%. The Dow Jones Industrial Average dropped 646.89 points, or 2%. The technology-focused Nasdaq Composite Index dropped 263.02 points, or 2.5% (Wall Street Journal). Market Watch: Dow drops nearly 650 points as U.S. stocks log worst post-election day performance in a decade (Twitter).

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