President Joe Biden recently predicted that the country would face economic doom if Republicans prevail in next month’s midterm elections. However, polling data suggests that most Americans disagree.
According to the Daily Caller, Biden made that claim this past Friday while simultaneously praising his fellow Democrats for their “historic deficit reduction.”
“Mega MAGA trickle-down”
“The Republican leadership in Congress has made it clear they will crash the economy next year by threatening the full faith and credit of the United States for the first time in our history, putting the United States in default unless — unless we yield to their demand to cut Social Security and Medicare,” Biden was quoted as saying.
“Let me be really clear: I will not yield. I will not cut Social Security. I will not cut Medicare, no matter how hard they work at it,” the president added.
Biden then went on to describe his Republican opponents’ approach to economics as being “mega MAGA trickle-down.”
Biden coins new term for Republican policies: “Mega MAGA trickle down”pic.twitter.com/ZWQtxw2Tgr
— Daily Wire (@realDailyWire) October 21, 2022
The president asserted that a Republican congressional majority would “raise big pharma’s profits,” an industry he said is “doing fine” and “not hurting at all.”
“And they’re going to raise your health insurance premiums,” Biden declared. “It’s mega MAGA trickle down. Mega MAGA trickle down.”
Trust in the GOP high
Polls polling do show that the economy has Americans worried, with a survey published by Morning Consult/Politico showing that 71% say that they are “very concerned” about inflation, representing a 5% jump from August.
Yet the bad news for Biden is that most Americans do not seem to buy his claims about a Republican victory making things worse.
An ABC News/Ipsos poll put out over the weekend reported that voters have more faith in Republicans than Democrats regarding tackling inflation and rising energy costs.
As Politico reported, “On both the economy and gas prices, 36 percent of Americans trust Republicans more than Democrats —12 and 14 points higher than the percentage of people who trust Democrats on those issues, respectively.”