Confidence in a president running for reelection to fix the economy is the lowest under Biden since Gallup first tracked the metric, according to the pollster.
“With Americans less optimistic about the state of the U.S. economy than they have been in recent months and concern about inflation persisting, their confidence in President Joe Biden to recommend or do the right thing for the economy is among the lowest Gallup has measured for any president since 2001,” the pollster said Monday morning.is also the worst recorded, and it’s no better for congressional leaders.
41% of Americans name inflation or the high cost of living as the most important financial problem facing their family.“Biden is not alone in facing a skeptical public, as Federal Reserve Chair Jerome Powell, the Republican and Democratic leaders in Congress, and presumptive presidential nominee Republican Donald Trump garner confidence ratings below 50%,” Gallup said.“Forty-six percent of U.S.
Until recently, Biden has campaigned with huge posters reading “Bidenomics” and claimed that things have never been better. However, people have told pollsters for months that they believe Bidenomics represents higher prices, lower wages, and a much worse standard of living. As a result, Biden has stopped touting Bidenomics.The pollster said that partisanship plays a big role in how the leaders are viewed.
Gallup said the “bottom line” is that the economic situation threatens Biden. “Biden’s subpar rating could have significant electoral implications as not only does he have the lowest economic rating of any president seeking reelection since Gallup began tracking this in 2001, but independents trust his opponent more than him.”