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Joe Biden may have stumbled at the U.S. Air Force Academy graduation ceremony yesterday, but tonight the president swaggered.
“For the first time in our 247-year history, there have been extreme voices threatening to occupy America and default on our national debt,” Biden said in his first Oval Office address to the nation after taking office. He lashed out at Trump and the MAGA Republican Party. office. Couldn’t be more irresponsible. It couldn’t have been more tragic. ”
At a much-criticized May 10 CNN town hall, past and future presidents urged Republicans to “default” if they can’t get big spending cuts and more..
Biden’s speech will be live on CNN, Fox News and MSNBC to underscore the importance Oval Office incumbents wanted to give to the “very important” debt ceiling deal that passed both houses of Congress this week after telegraph talks. relayed. and the BBC. Led by anchor Norah O’Donnell, CBS, along with ABC and NBC, broadcast live nearly primetime speeches in their special report. On the West Coast, the Comcast-owned network missed the first few minutes of Biden’s speech because of local news coverage.
If anything, tonight’s speech was a glimpse into the Rose Garden strategy one of America’s greatest retail politicians is planning for next year’s election campaign.
In that vein, the president cloaked himself in the power of the president and publicly announced in a 13-minute speech that he would sign the debt ceiling bill into law on Saturday. That was two days before the Treasury Department predicted that the U.S. would hit its debt ceiling and run out of cash to make payments, a historic failure. Biden’s signing of the bill almost guarantees a strong start to Wall Street on June 5, following a 701-point rise in the Dow Jones Industrial Average today on strong jobs data. be.
This is exactly the kind of news and video any candidate wants in their campaign ads, especially for a candidate whose approval ratings are as low as Biden’s at the moment.
Today’s hastily prepared speech comes less than 24 hours after the Senate passed a bipartisan budget deal 63-36, averting an infamous default. By drawing the Oval Office card and taking full spotlight on nearly prime-time cable news and networks, Biden has also faced Republican rivals such as Trump and Disney rival Florida Governor Ron DeSantis. He also wants to cast a shadow over a Trump and others campaigning in nascent reserve states in hopes of replacement. Inaugurated in the White House on January 20, 2025.
Laughing at memories of spontaneously sparring with House Republicans during his State of the Union address, an unusually relaxed and almost toned-down president emerged victorious over the debt ceiling deal he negotiated with Speaker Kevin McCarthy. Depriving his well-trodden homespun homily and the administration’s biggest policy hits over the past two years, Biden praised the GOP speakers, saying, “Both sides operate with good faith and both sides keep their word.” I did,” he added. Trading – As you can see in the video below:
“It was extremely important to reach a deal. This is very good news for the American people,” Mr. Biden said tonight after a months-long standoff with Republicans. “No one got everything they wanted, but the American people got what they needed. We avoided an economic crisis—an economic collapse.”
Biden, who wants to put the risks to the domestic and global economy from the collapse of the debt ceiling in perspective and score a few re-election points in the process, is also the often undervalued Biden. , was steeped in success, winning again in a bipartisan manner despite the threat of state power. right and left.
Now that a deal has been struck and legislation is about to be enacted, the US will maintain its perfect AAA credit rating despite fears that a downgrade may occur.