Tim Ryan, Democrats’ Senate nominee in Ohio, skips Biden’s events in the Cincinnati area

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President Joe Biden on Friday was visiting the Cincinnati area to talk up priorities such as a China competition bill and a new 3D printing program, but a key fellow Democrat — the party’s Ohio Senate nominee Tim Ryan — wasn’t expected to take part in Biden’s events.

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Ryan’s absence likely reflects how Democrats in tough races feel the need to keep their distance from the president, who is facing low approval ratings and getting blamed for high inflation.

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White House press secretary Jen Psaki played down the lawmaker’s absence and noted the involvement of Ohio’s two senators in the day’s events — Democrat Sherrod Brown and Republican Rob Portman, whose upcoming retirement has led to the race between Ryan and GOP nominee JD Vance.

“My understanding is Congressman Ryan has to attend a funeral and had other events he needed to attend,” Psaki told reporters on Air Force One on Friday.

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“The president remains in close touch with him and is obviously very supportive of him, and he’s looking forward to having both senators from Ohio there today.”

A Republican win is expected in Ohio’s Senate race, with betting market PredictIt giving an 84% chance of victory for the GOP. Vance, the author of “Hillbilly Elegy,” won the GOP primary on Tuesday, buoyed by Donald Trump’s endorsement in a race that was a test of the former president’s position in the party.

In a speech at United Performance Metals in Hamilton, Biden repeated his call for Congress to pass a bipartisan innovation and competition bill. Such legislation is expected to include more than $50 billion in subsidies for chipmakers SMH,
-0.78%

SOXX,
-0.69%,
along with billions more for other industries to build out US manufacturing capacity.

“Pass the damn bill and send it to me,” Biden said.

The president also touted a new 3D printing initiative that involves GE Aviation GE,
-0.66%,
Honeywell HON,
-1.29%,
Lockheed Martin LMT,
+1.14%
and other big companies. It’s called AM Forward, with AM standing for additive manufacturing.

“AM Forward will help lower costs for American families by improving the competitiveness of America’s small-and-medium-sized manufacturers, creating and sustaining high-paying manufacturing jobs, and improving supply-chain resilience through adoption of additive manufacturing,” the White House said in a news release,

US stocks SPX,
-0.51%

DJIA,
-0.29%
traded sharply lower Friday, a day after ending their biggest daily drop since 2020.

Now Biden talks up domestic manufacturing’s role in fighting inflation, but some economists aren’t buying it

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Credit: www.marketwatch.com /

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