Biden polls worse as people notice their financial situation is worse | Washington Examiner
Category: News & PoliticsVia: texan1211 • 2 months ago • 11 comments
By: freddoso (Washington Examiner)
The CBS News poll released yesterdayshows Joe Biden at 41% approval, the lowest rating of his presidency so far — that is, the lowest in this particular poll. He has lower ratings in other polls, such as his recent 33% approval in Quinnipiac, but it's best to compare apples to apples.
So why can't Biden catch a break? Probably because this same poll shows that people are really noticing their own personal financial situation deteriorating, in spite of continued low unemployment levels.
In July 2021, 60% told the CBS poll that their own financial situation was "good." Only 33% said it was "bad." This month, only 50% say their own finances are "good," whereas 45% say they are "bad." So the response to that question has swung by 22 points, from plus-27 good to just plus-5 good, over only one year. Currently, 66% disapprove of "the way Joe Biden is handling the economy," versus 34% who approve. But when the specific problem of inflation is mentioned, Biden's disapproval rises to 71%.
Inflation is a silent killer, but people still notice its effects over time. Last July, Biden's White House tweeted that "the Biden economic plan is working" based on the fact that an average Fourth of July cookout in 2021 cost 16 cents less than the year prior. Don't expect a repeat performance next month.
The economy is not Biden's only problem. Large majorities also disapprove of his handling of Ukraine (57%), immigration (59%), abortion (60%), and gun policy (62%). But what's changed over the last year is the national economic situation. Currently, 69% expect the economy to slow further in the next 12 months, and 44% believe there will be a recession.
Here, I think things are only going to get worse for Biden, because public opinion has not caught up with the facts. We already finished one quarter of economic shrinkage earlier this year. It's very likely that we'll find out next month that we've been in a recession since January, at which point the question becomes whether the recession ends before the midterm election.
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