Morning Wire Sri Lanka Crisis & Dems Turn On Biden | 7.12.22
Jul 12, 2022
Sri Lanka is in chaos, facing severe food and fuel shortages, leading to mass protests against government corruption and mismanagement. Meanwhile, discontent brews within the Democratic Party as two-thirds of voters express reluctance to support Biden in 2024, sparking fears of a party revolt. Rising inflation and economic concerns heighten voter dissatisfaction in the U.S. Furthermore, abortion advocates express frustration over Biden’s response to recent rulings, complicating his political standing ahead of upcoming elections.
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Sri Lanka Protests
- Protesters stormed Sri Lanka's presidential palace and prime minister's home, demanding their resignation.
- Stunning videos circulated on social media showing protesters inside the palace, even swimming in the presidential pool.
Sri Lanka's Economic Collapse
- Sri Lanka's economic collapse is largely attributed to government mismanagement, including lavish spending and corruption.
- The government's reliance on Chinese loans for unaffordable infrastructure projects worsened the situation.
Food Shortages in Sri Lanka
- The government's mandatory shift to organic farming, banning chemical fertilizers, drastically reduced crop yields.
- This led to soaring food prices and further economic hardship, forcing the government to import food on credit.