According to a recent Rasmussen Reports survey, 52% of likely U.S. voters say the economy has gotten worse under President Joe Biden —a damning poll as even the President’s own party looks to replace him.
The latest Rasmussen Reports survey finds that 52% of likely U.S. voters say the U.S. economy has deteriorated under President Joe Biden, while 31% say it has improved, and 14% say it is flat.
In contrast, in a Labor Day speech, the president declared the success of “Bidenomics,” saying he has “created more jobs in two years than any president has created in a four-year term.”
The job market in the United States remains strong, and the Consumer Price Index (CPI) has come down from a high of over 9% in June, 2022, to 3.2% in July. The Federal Reserve has raised interest rates significantly, affecting borrowing costs and mortgages.
Gross domestic income only grew in real terms at 0.5%, unlike the over 2% reported GDP.
While 51% of Democrats said they think the economy has improved under Biden, that opinion is shared by only 12% of Republicans and 28% of unaffiliated voters, according to Rasmussen. Majorities of both Republicans (79%) and unaffiliated voters (55%) in the survey say the economy has deteriorated since Biden became president, and 25% of Democrats agree.
More over at Rasmussen Reports:
‘Bidenomics’: 52% Say Economy Has Gotten Worse
A majority of voters believe economic conditions have worsened under President Joe Biden.
— Rasmussen Reports (@Rasmussen_Poll) September 5, 2023