Biden Approval Rating Plummets to New Low, Marking Year of High Disapproval
By: Katherine Fung (Newsweek)
Yuppers! It's Putin's fault. It's Trump's fault. It's Alito's fault. It's oil companies' fault. It's guns' fault. We all know the litany of blame.
The hell of it is we are in a full employment economy. The labor participation rate hasn't quite recovered to pre-pandemic levels but it's trending up and getting very close. Corporate profits are way up. All the supply side measures of the economy suggest we're in a time of broad prosperity. So, what has gone wrong?
Seems pretty obvious that Biden has focused attention on supply side policy. And the supply side of the economy is going gangbusters. Biden's policy focus has been on finance; Biden doesn't know how to lead a productive economy. Biden's policy has been all about the money. The fact that money in the economy is being concentrated into the hands of an elite few at a faster rate shouldn't surprise anyone.
Biden has employed the same old, tired trickle down policies that created the rust belt. Biden has been bolstering Clinton's service economy and has let the productive economy go to hell. So, in a time of broad supply side prosperity, ordinary people are suffering economically. Yes, that really is the fault of Biden's policies.
S E E D E D C O N T E N T
It's been a year since the majority of Americans approved of President Joe Biden and new polling shows that the low ratings could only continue for the president, as those figures plummeted again last month.
A Monmouth University poll released Tuesday found that Biden's approval rating dropped to a new low in June, with 58 percent of Americans saying they disapprove of the job he's doing. Just over a third of Americans—36 percent—approve.
While the new figures show only a slight shift from May, they are part of a downward trend that first hit the Biden presidency last summer. The survey also marks a year since Biden has had a net positive rating. The last time more Americans approved of Biden than those who didn't, according to Monmouth's polling, was July 2021, when 48 percent approved and 44 percent disapproved.
June's all-time low of 58 percent has also surpassed the relatively high rating Biden held when he entered office. The same month he was inaugurated, 54 percent of Americans approved of the job he was doing as president.
A new poll found that nearly 60 percent of Americans disapprove of the job President Joe Biden is doing as president. Above, Biden bows his head in prayer Tuesday before presenting the Medal of Honor to four Army soldiers who fought in the Vietnam War.Getty Images/Win McNamee
When respondents are broken down by party affiliation, Biden is still highly popular among Democratic voters, of whom 74 percent approve of his job in the White House. By contrast, only 29 percent of independents and 3 percent of Republicans say the same.
The current state of the U.S. economy has become a particularly difficult challenge for the Biden administration to overcome.
Skyrocketing inflation—which the White House had initially believed to be transitory— has many Americans worried. Nearly half of the public said it is the biggest concern facing their family right now.
Despite efforts by the federal government to help Americans with consumer costs, the latest poll is the first time in five years that more than 3 in 10 Americans are struggling to remain where they are financially.
The survey also found that 57 percent of Americans say that the recent actions of the federal government have only hurt their family when it comes to their most important concern—the first time this sentiment was in the majority opinion. The closest it had come previously was in January 2015, when 47 percent of Americans said the same.
"The state of the economy has Americans in a foul mood. They are not happy with Washington," Patrick Murray, director of the independent Monmouth University Polling Institute, said in a press release.
"However, that has not changed the overall picture of whom they want in control of Congress. The question is who actually shows up to vote in the fall," Murray added.
The survey also showed that Americans remain divided in an even split over whether Republicans or Democrats should have control of Congress.
The poll was conducted between June 23 and 27 and has a margin of error of 3.1 percentage points.
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When the shelves are empty, all the money in the world has no value. Biden has relied upon a policy approach that is actually worthless. Biden's focus on supply side money is turning the United States into North Korea.