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Shop NowLess than a year-and-a-half since being sworn in, Joe Biden’s economic approval numbers have actually dropped to the lowest levels of his presidency, according to new poll information from CNBC. As Americans struggle with record high inflation and having actually seen historically high gas costs, Biden’s economic approval dropped to 30 percent.
The lowest economic approval scores for his predecessors Donald Trump and Barack Obama were 41 percent, and 37 percent, respectively.
The poll has actually been carried out for 15 years, however, Biden’s numbers represent “the worst economic outlook measures CNBC has recorded.”
The America people are responding by tightening their belts, and their remembering who is to blame.
“Some 65% of those polled say they are cutting back on entertainment, such as eating out or going to movies and concerts. Among participants, 61% report driving less and 54% say they are reducing travel. More than 4 out of 10 are spending less on groceries. A third are using credit cards more often, which could mean higher interest payments if they don’t pay off balances. The survey found 47% of the participants say they are taking at least four of these measures.”
In between April of 2021 and July 2022, Biden’s economic approval has actually fallen 16 points.
Only 6 percent of Republicans approve of Biden’s economic record, while 58 percent of Democrats support it.
Sixty-eight percent of participants think the United States economy is “poor” and are downhearted about its possibilities of enhancement.
“The poll of 800 people across the nation found that 51% believe the president’s efforts to combat inflation are making no difference, and 30% think they are actually hurting,” according to CNBC. “Just 12% say they are helping.”
The study discovered that the #1 issue in the nation is inflation, followed by abortion, criminal activity, immigration/border security, and jobs/unemployment.
Sixty-two percent of participants think there will be an economic crisis within the next year.
News of Biden’s dropping economic numbers comes in the middle of U.S. inflation at a 40-year-high, while Americans are beginning to flood food banks to food banks to feed their households, having a hard time to stay up to date with the increased expenses of services and products.
The financial news comes simply a week after different surveys reveal that almost 2 out of 3 Democrats desire somebody aside from Biden as the party’s candidate in 2024.
General support for Biden struck a record low in May with a 39 percent approval rating.
“Some strategists are concerned Biden’s sinking approval numbers could spell trouble for Democrats in the upcoming midterm elections, when several polling organizations predict Democrats will likely lose control of the House,” according to Madeline Halpert, writing for Forbes.
H/T Timcast
