Staff Reports
The White House has been talking about how they believe their economic plans, known as ‘Bidenomics’, are making the economy better. They say things like the stock market doing well and more jobs being created are signs that their ideas are working. However, many people in America are not feeling the same optimism about their money situation as the White House is.
A recent survey found that most Americans actually feel like things were better four years ago, before President Biden took office. People are not as confident about the economy turning around for the better. The survey asked 1,660 registered voters how they felt about the economy in mid-May.
As White House touts success of 'Bidenomics,' voters struggling to keep pace see bleaker picture
Biden claims that when he took the oath of office in January 2021, inflation was at 9%. It wasn't even close: he inherited an inflation rate of 1.4%.https://t.co/lhpCLEyRDW
— Trump2024_no_matter_what (@TexasTrump2024) May 21, 2024
The survey showed that in April, more jobs were added but prices for things like food and clothes went up. The stock market did hit a record high, which the White House pointed to as a big achievement. President Biden’s approval rating for handling the economy was at 43%, which was a little higher than before. However, not everyone is convinced that things are getting better.
People’s views on the economy and their personal finances seem to have gotten a bit worse from the previous month. Many are worried about prices going up, which is making it harder for them to keep up with their bills. Small business owners are also feeling uncertain about how well they will do if President Biden gets another term in office.
Overall, there seems to be a divide between how Democrats and Republicans feel about the economy. Democrats are more positive, while Republicans are more worried. Former President Trump has been criticizing President Biden’s economic plan, saying it’s causing problems like higher gas prices and making other countries disrespect the United States.
The survey also asked people if they felt like their money situation was getting better or worse. Many said they felt like things were not looking up for them financially. They are most concerned about prices going up and immigration issues.
In conclusion, many Americans are feeling unsure about the economy under President Biden’s leadership. While some data shows improvements, the overall public sentiment seems to lean towards a belief that things were better before. It will be interesting to see how these economic factors play out in the upcoming presidential election.
