Published November 14, 2023
A new poll from the Financial Times – Michigan Ross has delivered a stark verdict on President Joe Biden’s economic policies, with only 14% of American voters feeling financially better off since his tenure began – sentiment which could pose a significant challenge to Biden’s re-election hopes, and reflects widespread skepticism about his administration’s economic track record.
The poll reveals that nearly 70% of voters believe Biden’s economic strategies have either harmed or not impacted the US economy. A notable 33% feel his policies has “hurt the economy a lot.” In stark contrast, merely 26% see his policies as beneficial.
The new monthly poll conducted for the Financial Times and the University of Michigan’s Ross School of Business will seek to track how economic sentiment affects the race for the White House. In 1980, Republican Ronald Reagan famously asked voters whether they were better off than they were four years earlier, setting the stage for his landslide victory over incumbent Democrat Jimmy Carter. –FT
Comparatively, a similar (pre-pandemic) poll from November 2019 showed less pronounced pessimism under Donald Trump’s presidency, despite most Americans feeling no improvement in their financial status. A November 2019 poll revealed that 35% of voters thought they were better off under Trump, while 31% said they were worse off.
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SOURCE: www.zerohedge.com
RELATED: Biden is in a deep hole on the economy. New polling may show a way out.
Joe Biden’s insulin cap has spurred relatively little pushback from the GOP since it took effect. | Alex Brandon/AP
Published November 14, 2023
Top White House aides reviewed private polling showing Biden’s economic message falling flat and suggesting paths toward a turnaround.
Earlier this fall, President Joe Biden’s top aides met a pair of progressives who had arrived in the West Wing with reams of data and a private warning: “Bidenomics” wasn’t breaking through.
The White House had spent the past three months trying to build enthusiasm for Biden’s economic record, spotlighting major policy accomplishments and celebrating a surging economy that it planned to make central to his reelection bid.
But voters, discouraged by rising prices and baffled by the “Bidenomics” brand, weren’t buying it. Now Biden’s closest advisers had a raft of fresh evidence confirming it.
Just 35 percent of Americans trusted Democrats more on economic issues, according to weeks of private polling presented to the White House in mid-September and recently obtained by POLITICO. The data reinforced broad concerns over the public’s dismal outlook. Despite expressing widespread support for Biden’s policy agenda, few voters were aware he’d made much progress on any of a dozen-plus top priorities, like drug pricing or infrastructure.
Perhaps most alarming, 7 out of 10 people surveyed believed the economy wasn’t getting better — even after they were explicitly told that inflation had eased and unemployment sat near record lows. That preface, designed specifically to persuade voters to brighten their view of the economy, did not seem to move them.
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SOURCE: www.politico.com
RELATED: Jumbled mess’: The Bidenomics brand leaves nearly everyone — including Biden — baffled
At the beginning, the president was reluctant to embrace the term, but he continues to make his economic policies central to his re-election pitch.
President Joe Biden leaves the stage after speaking in the South Court Auditorium at the White House on Oct. 23.Samuel Corum / Sipa USA via AP
Published November 5, 2023
WASHINGTON — No one seems to like “Bidenomics,” the eponymous shorthand for Joe Biden’s economic policies — not voters, not Democratic officials, not even, at times, the president himself.
It’s a term that mystifies Americans and confounds even its namesake. “I don’t know what the hell that is,” Biden said in a speech in Philadelphia earlier this year.
In a September focus group with Pennsylvania swing voters, one participant told the research firm Engagious that the concept was a “jumbled mess,” adding that “it’s really hard to explain.”
Biden is undeterred — at least for now. He has made the state of the nation’s economy a central rationale of his re-election pitch, touting “Bidenomics” at events across the country. He talks about rapid job growth and billions of dollars in spending for roads, bridges and renewable energy projects on his watch.
Appearing in Minnesota last week, Biden described Bidenomics as “the American Dream” — twice in the same speech.
The trouble is, people aren’t buying it. Just as the phrase hasn’t caught on despite a low jobless rate, the underlying policies that Bidenomics purports to describe have left voters cold, polling shows. A Gallup survey in September showed that 48% of adults rated economic conditions as “poor,” the highest share in a year.
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SOURCE: www.nbcnews.com
