Staff Reports
Get ready to don your red, white, and blue glasses, because President Joe Biden is gearing up to make his case for his economic agenda during Thursday’s highly anticipated State of the Union address.
A recent CBS News/YouGov poll paints a mixed picture of public sentiment toward the economy, with 57% of respondents expressing concern and describing it as "very bad" or "fairly bad." However, there's a glimmer of optimism, as 39% perceive it as "very good" or "fairly good," marking a slight improvement from last year's 37%.
‘Divided’ opinion: Latest poll has mixed results for Biden as voters start to feel better about econ https://t.co/bMgbYI2U6n
— 🇺🇸 The Briefing Room 🇺🇸 🇮🇱 (@Briefing__Room) March 7, 2024
When asked about the state of the nation, 61% of respondents characterized it as "divided," with 44% indicating a perception of decline. It's clear that there's a prevailing sense of unease, with 37% of respondents going as far as to label the nation as "weak."
While the economy faced challenges in the latter part of 2023, it still managed to achieve a growth rate of 2.5% from January to December. Despite a slight decrease to 3.1% in January, inflation remains elevated compared to pre-pandemic levels. Gregory Daco, a prominent economist at EY-Parthenon, notes that inflation has become a focal point under Biden's leadership, contrasting with the tenure of former President Donald Trump.
In anticipation of the State of the Union address, White House official Jeff Zients is optimistic about Biden showcasing his economic strategy. Zients asserts that the president will provide a comprehensive overview of the economy's trajectory since he took office, as well as his vision for its future. Let's hope that vision includes prosperity and financial stability for all Americans!
