Biden's economic ratings are worse than Carter's
By: Harry Enten
No surprise........other than it's CNN reporting it LOL
S E E D E D C O N T E N T
President Joe Biden is struggling in the minds of the American public. While his approval rating is down on a slew of issues, his difficulties are perhaps most noticeable on the economy.
Biden now sports the lowest net economic rating of any president at this point through their first term since at least Jimmy Carter in 1977.
In the latest CNN/SSRS poll , Biden comes in with a 44% approval rating to 55% disapproval rating among registered voters on his economic performance. This makes for a -9 point net approval rating. The average of all polls taken in December is quite similar with Biden at -13 points on the economy.
To put that in perspective, the average president at this point in the last 44 years (since we have been polling on the topic) had a net economic approval rating of +5 points. That means Biden's is 18 points worse than the average.
The best rating, perhaps unsurprisingly, belonged to George W. Bush following the September 11 attacks. He was at +37 points at a time when his approval ratings on all issues were high thanks to the "rally around the flag" effect.
Notably, Biden's net rating is worse than his two immediate predecessors, Barack Obama in December 2009 and Donald Trump in December 2017. Both Obama and Trump had net approval ratings on the economy of -4 points.
The economy was, by a lot of measures, in deep trouble in December 2009. The University of Michigan consumer sentiment index was well below average at 72.5. Today, it's at a similar 70.4. Yet, Biden's ratings on the economy are considerably worse.
Video: Why Biden's approval ratings are so low (CNN)
Trump was a different story. Consumer sentiment was at 95.9 in December 2017, but Trump's overall net approval ratings (-20 points) were so bad that they were dragging down his popularity on a host of issues.
Interestingly, Trump's problem then is the opposite of Biden's now. Back in late 2017, most voters were not concentrated on the economy. It was not the nation's top problem . Ergo, what Americans saw as a relatively stronger economy wasn't translating into helping Trump.
Today, the economy is viewed as the top problem for both the nation and for people's families, so the low consumer sentiment is dragging Biden down. A Monmouth University poll released earlier this month found that 41% listed economic concerns (either everyday bills and groceries; inflation; job security and employment; or the economy overall) as the top issue for their family. That's far more than for any other issue.
Inflation, in particular, seems to be a big issue for Biden. Just 28% of Americans approved of the job he is doing to handle inflation in a recent ABC News/Ipsos poll . This comes as more voters said they were concerned about inflation than any other issue in a December Fox News poll , and only 22% said the Biden's administration efforts to get inflation and rising prices under control were helping. The plurality (47%) said they were hurting.
Indeed, the issue of inflation hurting a president helps to put Biden's bad position in perspective. The public reaction now looks at least somewhat similar to how the public was reacting to another president under whom inflation was an issue: Carter.
A lot of Republicans like to draw parallels between Carter (who was a one-term president) and Biden. And at least early on, when it comes to public perceptions of the economy and inflation, there are some similarities between them.
Carter's economic net approval rating of -8 points in an early January 1978 CBS News/New York Times poll was the lowest around this point in a presidency before Biden's -13 points. The economy, and particularly inflation, was listed as the nation's top problem in a late October 1977 Gallup poll.
Importantly, far more Americans (52%) in a November 1977 Time Magazine poll thought that Carter was not making a good start to fighting inflation than thought he was (21%). In other words, Americans felt his efforts were not enough to control inflation.
The good news for Biden is that it's far from clear what the economy and inflation will look like in the future. Carter ended up losing in 1980, in part, because voters felt he didn't solve the economic crisis. Biden, on the other hand, still has nearly three years until the 2024 election, although his party may still suffer in the midterms because of fears voters have about the economy.
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C'mon man!
Not bad .... and in less than a year .....
It was understandable that the virus caused the economy to crash during the last year of Trump's reign, but not understandable that it is struggling to recover while the virus is still causing big problems and there are also supply chain issues because of it during Biden's first year?
"I will end this"
C'mon Buzz.
Let's talk about the difference between Trumps last year and Bidens first year
Trump, a previously unknown virus strikes the world
Biden, dealing with a now known virus
Trump, no vaccine for the new virus
Biden, several vaccines to protect against the virus
Trump, a shortage of PPE because a previous administration didn't replace what they used or gave away during the previous Avian flu pandemic.
Biden, a much better supply of PPE
Do i need to go on?
Don't even pretend Trump wasn't blamed for Covid spreading the US; and the economy crashing because of it. It was a key Democrat talking point of both Biden and Harris all during the run up to the elections.
As Jim stated in post 3.1 Biden promised "I will end this".
The only thing he has ended is any semblance of the US being a country. From abandoning US citizens, Green Card holders, and Special VISA holders in Afghanistan. To undoing everything Trump accomplished at the southern border and ending the tide of illegal immigrants; causing 200,000 plus illegals a month to cross into this country- the single largest super spreader event on the planet. To ending Trump's sanctions on the Nord Stream 2 pipeline- while getting nothing in return from Russia (Who is Putin's real puppet?). To his vaccine mandates on US citizens; while allowing illegal immigrants to enter this country with no vaccinations, and testing only if they show symptoms. To his high fuel prices, inflation, and supply chain issues "Americans should expect less from Biden". To China threatening Taiwan; and Russia threatening Ukraine (It is no longer a question of if both will be taken; but when). To rampant crime across the US.
Joe is responsible for all of it. If he didn't want the job he shouldn't have taken it. Life can't all be ice cream socials.
It is whatshisnames' fault that Co-Vid spread like wildfire in the U.S. because of his complete disregard for it.
Like Democrats didn't do their part. Trump tried for a travel ban from China and Europe and Democrats jumped full force on the Xenophobe bang wagon.
Democrats also downplayed Covid 19; but they get a pass right- because it was all to get Trump; so the ends justify the means.
But Trruuummmmppppp!!!!! The battle cry of a truly pathetic party and their followers that have no damn answers other than to try and turn the country into the next China.
By that logic, it must be Hidin Biden's fault that we have had 2 raging variants during his tenure because he FAILED to stop COVID like he promised to......
Even with 3 vaccines and other proven treatments.
AND...it's his fault that there have been more deaths from COVID under his watch than Trump's tenure.
Yeah, whats the line coined by our friends on the left ...... Biden has blood on his hands .........
Exactly! I noticed that there was no comeback to your very accurate comments.
Yep, I guess Biden is the one with blood on his hands now…
I thought the article was about the economy, not management of the virus. If you want to talk about the difference between how Trump handled the virus and how Biden has been handling it, that's a whole other story I don't have time to go into now because it's almost 10 pm here and I'm tired and going to bed soon, and how come you aren't answering the Christmas movie quiz?
You brought up the virus my friend..................
No it isn't.
All of those variables influenced how the economies were doing for both Administrations.
As far as the quiz i just haven't felt like it. It's nothing personal.