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Do You Think The U.S. Economy Is Much Worse Than Biden Claims It Is?

by Market FinancePosted onApril 18, 2023April 18, 2023

Do You Think The U.S. Economy Is Much Worse Than Biden Claims It Is?

Americans Lose All Faith In Biden

According to a recent CNBC survey conducted on Tuesday, a historic high of 69 percent of the American population holds pessimistic opinions about the current and future state of the U.S. economy.

According to Breitbart, CNBC’s All-America Economic Survey, which collects responses from 1,000 individuals across the country, has been conducted for 17 years. The latest survey revealed that the current 69 percent figure is the highest percentage of negative views towards the U.S. economy in the survey’s history.

President Joe Biden’s popularity is being negatively affected by the bleak outlook on the economy, as stated in the latest survey. Compared to the November survey, his overall approval rating dropped by two points to 39 percent, while his disapproval rating rose by one point to 55 percent.

Regarding his handling of the economy, American citizens have expressed disapproval of President Biden’s performance by a margin of 62 percent to 34 percent in the most recent survey. In the November survey, this margin was slightly narrower at 57 percent to 38 percent, indicating a decline in approval for Biden’s handling of the economy.

In the latest survey, President Biden’s approval rating among independent voters dropped significantly by nine points, reaching a low of 27 percent. Even among Democrats, his approval rating decreased by two points, with 77 percent of the party’s members expressing approval.

Women aged 18 to 49, who are a significant demographic for the Democratic party, expressed a notable decline in their approval of President Biden. In the latest survey, his approval rating among this group fell by 13 points to just 34 percent.

A mere five percent of Americans reported that their income is increasing at a faster rate than inflation. About 26 percent of respondents stated that their household income is keeping up with the rising prices. However, a significant majority of 67 percent indicated that they are falling behind.

What does this all mean? It means Democrats would be downright moronic if they attempt to make Biden run for the second time in 2024.

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Published by Market Finance

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