Analyst: Instability and extreme hardship to dominate US

With so much of the world’s economy moving away from the US dollar, instability and extreme hardship will dominate the United States, according to American political analyst and activist Myles Hoenig.

In an interview with Press TV on Friday, Hoenig, a former Green Party candidate for Congress, also said that US oil companies will continue to price gouge, “social issues will be right upfront in taking away rights of Americans fought for over the decades.”

Hoenig was commenting on a new Wall Street Journal poll which suggests US President Joe Biden and former President Donald Trump are tied in a hypothetical matchup in 2024.

The poll found that both Biden and Trump each would get 45 percent support from voters in a theoretical head-to-head in two years.

Meanwhile, 57 percent of voters said in the poll they have an unfavorable view of Biden, while 55 percent said they had an unfavorable view of Trump. Almost 15 percent of voters have unfavorable views of both leaders.

‘Life is too volatile to predict an election 2 years out’

“With so much that is happening, as it always is 2 years out, a snapshot of poll between two candidates cannot reliably pick who will win,” said.

“There’s always something big going on to decide an election, and we’re too far out to predict what that will be. It was thought that Biden’s embarrassing departure from Afghanistan would do him in but already Americans forgot where Afghanistan is, or what it was. Even if it’s brought up, it will be overshadowed by something more pressing. COVID was a game-changer in 2020 as well as the daily horrifying antics of Donald Trump,” he stated.

"Due to the attacks in Ukraine by Russia, its isolation will be long term, but economic fortunes for the US, in part for its own responsibility in the attacks, do not look very promising as well. With so much of the world’s economy moving away from the dollar, instability and extreme hardship will dominate. Here in the US the oil companies will continue to price gouge, social issues will be right upfront in taking away rights of Americans fought for over the decades, and our oligarchs will still be hailed as wise entrepreneurs,” he said.

“Even politically nothing can be foreseen. For the good of the party, Biden could drop out, leaving a fight for the brass ring to an incumbent Vice President whose own numbers are quite low. Trump and his allies could be facing charges at the time of their convention and there’s no lack of contenders still too cowardly to act now but just waiting for Trump to be dismissed by more in his party,” he noted.

US consumer prices rose 7.5% annually to January – largest since 1982

Consumer prices in the United States rose at an annual rate not seen since February 1982, with a 7.5% increase over the 12 months to January.

“The vast majority of American voters don’t really take the presidential election seriously until after Labor Day of the election year. The mid-term elections haven’t happened yet which could easily set the tone for a redux of 2020. All calculations done today would easily be readjusted after that, so how things are today between two potential candidates are only part of a guessing game,” the analyst said.

Press TV’s website can also be accessed at the following alternate addresses:

www.presstv.co.uk