Staff Reports
In the latest economic survey by Gallup, Americans are showing historic low confidence in President Joe Biden’s ability to manage the economy. The survey indicates that people are feeling the negative effects of the economic policies under the Biden administration, which has led to concerns about inflation and a high cost of living. This lack of confidence in Biden’s economic stewardship is the lowest Gallup has recorded for any president seeking reelection since 2001.
‘Historically low’ confidence in Biden and Fed on economy – Washington Examiner https://t.co/OjJE1aGQta
— Melanie (@MellieMAGA) May 6, 2024
Furthermore, the survey reveals that confidence in Federal Reserve Chairman Jerome Powell is also at a record low, and this sentiment extends to both Democratic and Republican congressional leaders. Additionally, former President Donald Trump is seen as a more trustworthy economic steward by a larger portion of the population compared to Biden.
The survey underscores that a significant percentage of Americans view inflation and the high cost of living as the most pressing financial problems for their families. While Biden had previously championed “Bidenomics” and touted economic prosperity, people’s perceptions have shifted, with many expressing concerns about increased prices, reduced wages, and a decreased standard of living under Biden’s economic policies.
The findings by Gallup highlight the challenges ahead for Biden as he faces re-election, as it is traditionally the incumbent who bears the burden of economic dissatisfaction. The survey indicates that independents, in particular, have more trust in Biden’s opponent than in Biden himself, indicating potential electoral implications for the president.
The survey results point to a concerning economic situation that poses a significant threat to Biden’s prospects in the upcoming election. The lack of confidence in Biden’s economic leadership, particularly among independent voters, could have a substantial impact on the electoral landscape.
