President Joe Biden speaks during an event on the economy, from the South Court Auditorium of the Eisenhower Executive Office Building on the White House complex, Oct. 23, 2023. A new Gallup poll has revealed a marked decrease in public confidence in President Biden’s handling of the economy, pointing to historically low levels of trust in his economic leadership.
Gallup said Mr. Biden “has fared much worse as confidence in his economic management dropped precipitously in 2022 from 57% to 40% amid sharply higher inflation, and it has been below 40% since then.” The pollster noted that Americans’ confidence in their leaders is driven by differing partisan views. Broad majorities of Republicans express confidence in the economic competence of Mr. Trump , the party’s presumptive presidential nominee, and 82% of Democrats hold the same view of Mr. Biden.
The findings are particularly significant as Mr. Biden considers a reelection bid, with the survey indicating that public confidence in the economic capabilities of a sitting president is at its lowest in comparison to predecessors since such records have been kept.