Staff Reports
The White House has been highlighting the success of its economic policies, known as “Bidenomics”, but many Americans are feeling like the economic outlook is not as rosy as portrayed. A recent survey showed that a majority of voters believe they were better off four years ago under the previous administration.
Despite the White House boasting about positive economic indicators such as job reports and stock market performance, many Americans are not feeling optimistic about the future. In fact, the survey revealed that most Americans feel the economy is weak rather than strong.
As White House touts success of 'Bidenomics', voters struggling to keep pace see bleaker picture #worstpresidentever #FJB https://t.co/unLoA7ONmQ
— John LaMond (@LaMondROCKS) May 21, 2024
President Biden’s approval rating on the economy is at 43%, showing a slight improvement from previous months. However, voter perception of the economy has slightly worsened, with more people feeling like the country is on the wrong track economically.
The survey also highlighted concerns about inflation and price increases, with many respondents ranking it as one of their top economic worries. A majority of voters believe that inflation is here to stay, contrary to President Biden’s claim that he inherited a 9% inflation rate, when in reality it was at 1.4%.
Former President Donald Trump has used these economic concerns to criticize President Biden’s policies, labeling them as “Bidenomics” and blaming them for high energy costs and inflation. In a head-to-head poll, Trump led Biden, indicating a possible shift in public sentiment towards the current administration’s economic policies.
It is clear that many Americans are feeling the pinch of rising costs and economic uncertainties, which may have implications for future political outcomes. The divide in perception of the economy along party lines shows the deep-rooted differences in economic ideology among voters.
