President Joe Biden made his pitch Wednesday to a skeptical public that the U.S. economy is thriving under what he now touts as “Bidenomics.” A new poll showed that it could be a hard sell as the foundation for his 2024 reelection campaign.
that has plagued Biden’s presidency has fallen to 4% from a peak of 9.1% last June. But prices are still rising significantly faster than the Federal Reserve’s target of 2%, a worry for voters and a line of attack for Republican lawmakers and other presidential candidates.
By comparison, during the depths of the pandemic as unemployment spiked, Republicans approved by overwhelming numbers of then-President Donald Trump’s economic leadership. Only about 1 in 10 Republicans now approve of Biden overall or on the economy, a testament to the polarization that defines modern U.S. politics.Living in Lincoln, Nebraska, Husted said that she feels as though inflation is getting worse, especially with regard to utilities and housing.
“He’s doing the best he can, but he can’t do anything without Congress,” said Alice Banner, 86, a retired nurse from Baltimore County, Maryland. Overall, 30% of U.S. adults say they think the national economy is good, up slightly from the 25% who said that last month, when the president and congressional Republicans were in the midst of negotiations over raising the nation’s debt limit and a historic government default was a risk. No more than about a third have called the economy good since 2021.
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