is trying to persuade voters they are better off under Bidenomics, but it’s proving to be a tough sell to skeptical voters despite a string of upbeat economic indicators.
“A great number of voters are not better off now than they were four years ago,” said Alex Salter, an economics professor at Texas Tech University. “People aren’t stupid. They look at the goods and services they can afford and see it doesn’t go as far as it did.”became president, according to an ABC News/Washington Post poll released earlier this year.took office. That’s the highest percentage since ABC/Post began asking the question in 1986. Just 16% in the poll said they’re better off.
But the Federal Reserve raised its key interest rate Wednesday to 5.3%, its highest level since 2001. That will trigger an increase in the cost of mortgages, auto loans, credit cards and business borrowing. Tightening consumer credit typically slows economic growth.‘s poll numbers — especially when it comes to the economy — aren’t higher. Anton Seawright, a Democratic strategist, predicts the president’s poll numbers will rise once his economic agenda is more broadly implemented.
“Voters are frustrated because inflation is through the roof, and food and gas are more expensive. He’s trying to sell people on the idea that we are better off with him and we are not. The house is on fire and he’s going around saying it’s not,” he said.will make his case for Bidenomics in a speech in Maine, which has been battered by rising inflation.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: politico - 🏆 381. / 59 Read more »