President Joe Biden and his fellow Democrats have insisted that their multi-trillion-dollar spending packages — some already passed, others still being considered — are exactly what the American people needed to restore confidence in the nation’s recovering economy following 2020’s pandemic-related restrictions and shutdowns.
Yet, a recent poll revealed that support for the manner in which Biden is handling the U.S. economy is rapidly declining, particularly over the past couple of months, Breitbart reported.
The growing dissatisfaction can likely be attributed to a number of factors, including the appearance of persistent price inflation driven by massive federal spending and an apparent resurgence of the COVID-19 virus that threatens the reimposition of economy-strangling business restrictions.
Biden’s approval slipping
An AP-NORC poll of 1,308 U.S. adults between July 15-19 with a margin of error of 3.7% found that 52% of respondents approved of President Biden’s handling of the economy, while 47% disapproved.
That is down sharply from just a few months ago when, in late March, Biden’s handling of the economy garnered the approval of 60% and disapproval of 39%.
The poll also asked respondents to rate the current status of the economy as “good,” or “poor,” or some variation thereof, and a solid majority came down on the side of things being “poor.”
In fact, while 45% said the economy was “very/somewhat/lean toward good,” 54% said it was “very/somewhat/lean toward poor.” Compare that to the same poll’s results in January 2020, just prior to the pandemic, when a combined 67% said then-President Donald Trump’s economy was “good” while only 33% rated it as “poor.”
USA headed in “wrong direction”
Another aspect of the poll that was less than ideal for President Biden was a question regarding whether the nation was headed in the right or wrong direction.
Currently, 44% said it was going in the right direction while 55% said the wrong direction, which is nearly a complete reversal from the same poll’s result in early May when 54% said “right” direction compared to 44% who responded “wrong” direction.
Interestingly, the poll appears to have been heavily biased in Biden’s favor, with 47% of respondents identifying as Democrats compared to 38% who were Republicans, and only 16% that counted themselves as independents unaffiliated with either major party.
Inflation and pandemic concerns
According to the Associated Press, recent polling in conjunction with the NORC Center for Public Affairs Research suggested that fears of prolonged and worsening inflation, along with the continuing pandemic and talk of reimposing various restrictions, were likely the main driver in the increasingly dismal outlook on the nation’s economy and how Biden has been handling it.
To be sure, the economy is recovering from the damage incurred by the government-imposed shutdowns last year, but that was bound to happen regardless simply due to restrictions being lifted. That recovery is threatened or hampered, however, by the economic policies pursued by Biden and the Democrats, and a growing number of the American people seem to recognize that now.