“I don’t think that President Biden is helping the situation as much as he could, but I don’t think it’s all his fault,” she said. But she largely believes the economic turmoil still reflects the disruptions caused by the pandemic. Living in Lincoln, Nebraska, Husted said that she feels as though inflation is getting worse, especially with regard to utilities and housing. Sarah Husted, 40, said she voted in 2020 for Biden, but “I wasn’t thrilled with either candidate.” Only about 1 in 10 Republicans now approve of Biden overall or on the economy, a testament to the polarization that defines modern U.S. Seventy-two percent within his party say they approve of his handling of his job overall, but just 60% say they approve of his handling of the economy.īy comparison, during the depths of the pandemic as unemployment spiked, Republicans approved by overwhelming numbers of then-President Donald Trump’s economic leadership. Many of the Democrats he needs to marshal in 2024 are comparatively unenthusiastic about his economic record. The new poll identifies a weakness within Biden’s own base. The White House said it’s monitoring the air quality in Chicago but would not cancel the president’s scheduled events, which included a campaign reception in addition to the speech on the economy. But prices are still rising significantly faster than the Federal Reserve’s target of 2%, a worry for voters and a line of attack for Republican lawmakers and other presidential candidates.Īnd smoke from Canadian wildfires, evident in Chicago on Wednesday, has added a new cloud for workers and shoppers in the U.S. The inflation that has plagued Biden’s presidency has fallen to 4% from a peak of 9.1% last June.
Unemployment stands near a historic low at 3.7%. The Conference Board said Tuesday that consumer confidence this month reached the highest level since January 2022. Indeed, the economy has steadily improved over the past year of Biden’s term in the White House. GOP officials say their tax cuts have encouraged business investments and profits that have improved pay for workers and bolstered the stock market, while greater government spending would cause prices to keep rising and waste money.
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