A Maui resident, Lisa, on @POTUS:
"He was so present with so many... he spoke with hundreds of people, and hugged them, and kissed their cheek, and heard what we all had to say."
"There haven’t been that many smiles in one place on this island, and it was profoundly touching."
Even more important than key price declines compared to last Thanksgiving: inflation-adjusted wages are higher now than before the pandemic and much higher for lower- and middle-income workers. More work to do to lower costs but important progress.
Because of our diplomacy, China has taken steps to shut down companies dealing in chemicals used to make fentanyl.
Now, Congress must ensure we can keep collecting intelligence on suppliers and make fentanyl-related substances a Schedule I drug before current scheduling expires.
"@POTUS' approval rating increased modestly as voters give @POTUS higher marks on the economy & jobs, according to a poll Monday. The Harris Poll survey ... showed Biden received a 45% approval rating, slightly higher than a similar [October] survey." https://t.co/DfVHAO1FGi
"The uptick in Biden’s ratings come as voters in the survey reported better feelings about the economy. According to the poll, 42 percent of voters think the U.S. economy is strong today, the highest since February." (https://t.co/59VKIUQmxg)
GoldmanSachs expects EV battery costs to fall 40% by 2025 (from 2022 cost), helping slash costs of building EVs. Dropping cost of battery pack from $165/kWh in 2022 to $99/kWh in 2025 cuts cost to produce an EV w/ 50-100 kWh pack by $3300-$6600/vehicle.
https://t.co/vQwtgGC8J2
Ukraine has reclaimed more than half the territory Russia seized since 2022. The new arms and equipment we announced today as part of continued U.S. assistance will help sustain Ukraine’s battlefield needs. We still #StandWithUkraine.
.@POTUS on ratification of historic UAW contracts and how it demonstrates the power of unions to lift pay & dignity for all workers: “The UAW is fighting hard to ensure that all auto jobs are good, middle-class jobs – and I stand with them in that fight."
https://t.co/D5QVx4Sghh
Happy Monday.
A reminder that inflation is down considerably, core's below 2% when using new rent indices for shelter, and real wages are rising.
The longer this continues, the more it will be felt.
Current US oil production: 13.2 million barrels, tied as the most ever in US history... plus oil company earnings that have been very profitable is somehow devastating, interesting take...
"Americans are set to enjoy their least expensive Thanksgiving holiday since the pandemic, as falling transportation prices and lower costs for festive food basics such as turkey and potatoes bring relief..."
https://t.co/1TMwqH2uel
Today, President Xi and I took tangible steps in the right direction, and the case I've made all along stands:
The United States will compete vigorously, and responsibly, with the People's Republic of China.
We will protect our national security interests.
We will stand up for our values.
And we will work together where it is possible and in our interests.
That’s what the world expects of us.
Mr. President, we have known each other for a long time.
We have not always agreed. But our meetings are always candid, straightforward, and useful.
Yesterday was no different.
Our nations may be in competition, but that doesn't mean we can't compete responsibly.
The stuff linked here is about:
—Joe Biden going to a basketball game with his granddaughter
—Biden expressing pride about another granddaughter after she visited the Capitol
—Biden receiving photos of people’s newborn babies
This is just embarrassing for House Republicans…