Polling at just one percent in nearly all the major early 2020 presidential polls, Congressman Tim Ryan (D-Ohio) is hoping to break through on the debate stage Wednesday night by portraying himself as the one leader who faced hardships similar to most Americans.
"I'm just going to be myself. I know who I am, and where I come from, and I want to share that with the American people," Ryan told Cheddar at Rep. Jim Clyburn's "World Famous Fish Fry" in Columbia, South Carolina on Friday night.
A self-described capitalist, Ryan's 2020 stump speech has been for the worker. The district Ryan has represented for eight-terms, Ohio 13, is located in the northeast portion of the state, and includes working class, auto manufacturing cities like Lordstown and Youngstow, both of which have been crushed by changes in the industry. Ryan drew parallels between his constituents and the South Carolinian voters at Clyburn's event.
"This is a working class state, and our motto is 'JOBS, JOBS, JOBS,'" Ryan said. "I mean the best social program is a job, and we want to start building things again, and the communities I represent like Youngstown, Ohio look a lot like South Carolina."
In March, Ryan's district was hit hard when a massive GM manufacturing plant shuttered in Lordstown with nearly 1,700 hourly workers being sent home without a plan in sight.
But these hardships might help a presidential candidate understand the reality Americans face in 2019. Ryan wants to increase U.S. investment in electric vehicles and solar energy as a way to both go green and drive job growth.
On the debate stage Wednesday, Ryan intends to discuss what he has overcome (or is in the process of overcoming) as a way to level with the American people. "I come from a community that has seen job loss, has seen an opioid epidemic, that has seen an infant mortality epidemic, and the next president has got to deeply understand what the American people are going through."
Inflation remains hot as the January PPI has increased by 1 percent, twice what analysts had been expecting with a jump of 9.7 over the year. Beth Ann Bovino, the U.S. chief economist, for S&P Global Ratings, joined Cheddar News to discuss the rapid pace of inflation alongside higher wages, predicting the Federal Reserve will act quickly and forcefully this year. "They haven't changed their forecast, yet, that's gonna come out soon. But we expect that a March rate hike is basically pretty much baked in the cake," she said. "We think six rate hikes in total for 2022."
For black history month, Cheddar is highlighting black business leaders who are driving the need for representation forward. On February 10, the U.S. Chamber of Commerce hosted an event called 'Developing the Black-Owned Business Ecosystem.' The virtual event was organized under the lobbying group's two initiatives -- the Equality of Opportunity Initiative, and the Coalition to Back Black Businesses. The event highlighted the developments needed to develop more black-owned businesses in the U.S. Dr. Anthony Wilbon, Dean of the School of Business at Howard University, joined Cheddar News' Closing Bell to discuss his experience as a speaker at the event.
A newly declassified letter by senators Ron Wyden and Martin Heinrich claimed the CIA. has been conducting a Secret Surveillance Program which has been collecting a bulk of data from American citizens. The letter which was written in April of 2021 urges the CIA to come clean about the kind of data it collects and how many Americans have been impacted. According to these two senators, the program did not have the safeguards of congressional oversight.
Art Hogan, Chief Market Strategist at National Securities, joined Cheddar News' Closing Bell, where he says investors are taking a wait-and-see approach when it comes to the situation between Russia and the Ukraine and elaborates on the impact higher oil prices stemming from the conflict would have on the market.
Last week, Senators Ron Wyden of Oregon and Martin Heinrich of New Mexico, Democrats on the Senate Intelligence Committee, wrote a a letter airing concerns that the CIA is collecting the data of American citizens without their consent. The lawmakers fear that the program might be exploiting private data. Morgan Wright, the chief security advisor at cybersecurity firm SentinelOne, joined Cheddar News to discuss the ramifications of the letter. "We don't have all the dots in one place to connect them," said Wright, cautioning against jumping to conclusions.
Russian President Vladimir Putin and his Foreign Minister Sergey Lavrov said that diplomacy is still possible, while U.S. officials warn that an attack on Ukraine is imminent. Cheddar News speaks with James Astill, Washington bureau chief of The Economist on the latest developments in Eastern Europe.
As the number of Russian troops rose to 130,000 along its Ukrainian border, hopes for a diplomatic solution remain among world leaders. Jason McMann, head of geopolitical risk analysis at Morning Consult, joined Cheddar News to break down the fluid situation. "We saw signs pointing towards an increase in tensions between Ukraine and Russia, whereas today we're seeing some signs that the Russian government may be willing to continue down a path of diplomatic negotiations to try and find some sort of non-military solution," he said.
Nancy Pelosi and House Democratic leaders are now planning to amend the stop trading on congressional knowledge act, otherwise known as the 'Stock' Act. This 2012 law governs how members disclose the purchase or sale of stocks and amending it would close a loophole, eliminating the trading of individual stocks by members of congress. Pelosi has consistently opposed a ban on stock trading by lawmakers and congressional staff...so what's changed? Kedric Payne, Vice President of Campaign Legal Center, joins Cheddar News to discuss.
In a 5-4 vote, the U.S. Supreme Court allowed for a controversial new version of the Alabama congressional map to remain in place. The lower court had previously ordered that the state must redraw that congressional map because it violates the Voting Rights Act by diluting the political power of Black voters. Redistricting expert Yurij Rudensky joins Cheddar News to weigh in.
