president joe biden on thursday is set to showcase plans by microchip maker micron to build a plant near syracuse ny as he seeks to tout his economic accomplishments with midterm elections less than two weeks away micron technology mu has said the plan comes with billions of dollars in incentives from the state of new york along with expected grants and credits from the chips and science act of 2022 which biden signed into law in august biden’s visit to the state comes as his democratic party is facing a potential loss of one or both chambers of congress in the nov 8 midterm elections in a statement released on thursday before his speech the president cited betterthanexpected economic growth figures for the third quarter as evidence that the economy is moving forward now read us economy grows 26 in the third quarter but recession worries aren’t going away “for months doomsayers have been arguing that the us economy is in a recession and congressional republicans have been rooting for a downturn” biden said in the statement republicans meanwhile point to historically high inflation and say that americans are paying the price for some of the administration’s policies “you’ll see house republicans focus on less government spending less taxes and regulation that fuel inflation under president biden” rep kevin brady a texas republican said thursday on fox business betting market predictit earlier this week gave the gop about a 2in3 chance of taking control of the us senate from democrats odds for republicans capturing the house are much higher at almost 90