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WASHINGTON, DC - JANUARY 19: U.S. President Joe Biden answers questions during a news conference in the East Room of the White House on January 19, 2022 in Washington, DC. With his approval rating hovering around 42-percent, Biden is approaching the end of his first year in the Oval Office with inflation rising, COVID-19 surging and his legislative agenda stalled on Capitol Hill.

Democrats are pumping the brakes after multiple failures across the board. President Joe Biden has seen many failures in the Senate and with the Scotus. Vice President Harris faces the most abysmal approval ratings ever seen and the mass exodus of employees. A quick look over the Legislative Branch and Democrats would instead turn on each other than work to get something done. So now the Democrats are pumping the brakes on future plans and revisiting older goals such as a new domestic spending bill.

The Democrats have seen so much loss trying to remove the filibuster so they can push through what they call the “Voting Rights Bill” and approve Joe Biden’s $1.7 trillion social spending bill. The new strategy shows democrats going back to bills they know they have GOP support on. These are bills such as a new deal to fund the government or changing antitrust laws. Some believe this won’t be the last we see of the bills as mentioned earlier but will they reevaluate before midterms? A red wave is predicted across the board, especially after Youngkin’s surprise victory in a predominately Blue state.

Some Senators have already tried crossing the aisle to meet their counterparts take, for instance, Sen. Martin Heinrich (D-N.M.), who said:

“My advice to leadership is to find those things where we really have a solid amount of momentum, where you clearly have 10 or more Republicans,”

[Source Politico]

Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.

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