Incredibly Low Number Say Biden's National Economy is Good

May 22, 2023
World Net Daily

This story was originally published by the WND News Center.

Not even one in four adults in America believes the nation's economy, under the direction of Joe Biden, is "good."

And it's getting much worse very fast, with the 24% who responded with that optimistic assessment plunging by 6% in just the last six months.

The devastatingly bad news for an incumbent president – they seldom are re-elected when the economy is a catastrophe – comes from AP-NORC polling.

The report said only 21% of adults belief the country is going in the "right direction." Tellingly, only 36% of Democrats believe Biden is pushing the nation appropriately, and only 7% of Republicans believe that.

More than three in four say the economy is in poor condition.

At the point Biden was inaugurated 49% of all respondents said the nation was going the right direction, 76% of Democrats and 20% of Republicans.

Among the tiny number are upbeat about Biden, "Adults age 60 and older are more likely to say the national economy is good compared to younger adults (34% vs. 19%). Furthermore, 32% of those with a college degree describe the national economy as good compared to 20% of those without a college degree."

The report also said, "Confidence in banks and financial institutions also remains low, with 11% of adults expressing a great deal of confidence. In September 2020, 22% had a great deal of confidence in financial institutions."

And it revealed, "Forty percent of the public approve of how Joe Biden is handling his job as president, just about the same as his approval rating in April.

But among GOP members, that figure is only 5%.

But the 40% figure was a high point, the report said.

"Views of how Biden is handling the national economy, gun policy, and immigration are more negative. Only a third approve of Biden’s handling of these issues. The public is slightly more positive when it comes to how the president is handling student loans," it said.

Overall, huge numbers disapprove of his handling of student loans, the economy, immigration, and gun policy.

The nationwide poll was conducted on May 11-15, 2023, of 1,680 adults. The margin of sampling error is +/- 3.4 percentage points.

The Washington Examiner pointed out the 76% saying the economy is in poor condition reveals "an increasingly pessimistic outlook on the country's state of affairs."

The report said, "Inflation remains at elevated levels, and there have been lingering concerns about the banking sector. Earlier this month, regulators seized First Republic Bank, which sold most of its assets to JPMorgan Chase, marking the largest bank failure since the 2008 financial crisis."

In fact, while inflation was hovering about 2% when Biden took office, his massive spending spree exploded that to 9.1% by this time last year, That was costing American consumers thousands of dollars a year simply to live at the same standard as the year before.

While that is receded some in the year since, it still remains far, far above desired levels.

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