By Isaac Schorr,
5 hours ago
Joe Biden speaks about gas prices in the South Court Auditorium on the White House campus, Wednesday, June 22, 2022, in Washington. (AP Photo/Evan Vucci)
A new Financial Times /University of Michigan poll indicates that voters do not approve of Joe Biden’s job performance on economic issues, as even Democrats say their financial position has worsened over the course of his presidency.
Thirty-one percent of Democratic respondents said that since Biden moved into the White House in January 2021 they have become either somewhat or much worse off, while just 24% said their position has improved.
Voters more generally are markedly less optimistic. A combined 16% say they are somewhat or much better off under Biden, while 32% say they’re somewhat worse off and 23% say they’re in a “much” worse financial position.
Thirty-three percent of respondents said that Biden’s policies had had a very detrimental effect on the country’s economy and an additional 15% said they had had a “somewhat” detrimental impact. A combine 26% said they had helped “somewhat” or “a lot.”
The same poll also found that inflation remains voters’ biggest concern with the current economic climate.
“Every group — Democrats, Republicans and independents — list rising prices as by far the biggest economic threat . . . and the biggest source of financial stress,” the University of Michigan’s Ross School of Business’s Erik Gordon told the Times .
Despite the dismal results of the poll, which also showed Biden’s overall approval rating underwater by 19%, the Democratic Party’s X account promoted the president’s effort to chalk the state of the economy up to “Bidenomics at work”.
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