Just 1 Percent of American Voters Describe Biden’s Economy as ‘Excellent’ Ahead of Midterms

A new poll shows that just 1 percent of registered U.S. voters say the economy under President Joe Biden is “excellent,” a figure that dropped to zero when the survey took into account the opinion of all adult Americans.

The findings of the Aug. 31 Quinnipiac poll (pdf) also showed a majority of American adults (58 percent) disapprove of the job Biden is doing on the economy, rising to a whopping 94 percent for Republicans.

The share of U.S. adults who said the economy on Biden’s watch is “not so good” or “poor” was 79 percent.

Inflation remains the top concern (27 percent) among both registered voters and the overall adult population in the United States.

The poll comes about a week after the Bureau of Economic Analysis (BEA) released updated figures on economic growth, which showed that the U.S. economy contracted for the second consecutive quarter, meeting the rule-of-thumb definition for a recession.

Traders work on the floor of the New York Stock Exchange in New York City, on June 30, 2022. (Brendan McDermid/Reuters) ‘Mild Downturn’ or ‘Severe Recession’?

The gloomy findings of the Quinnipiac poll come amid concerns of a sharp economic downturn as persistently high inflation has put pressure on the Federal Reserve to maintain its course of aggressive rate hikes.

A number of economists have warned of a U.S. recession that could be long and severe, with, for example, economist Nouriel Roubini recently describing analysts’ predictions for a short and mild economic downturn as “delusional.”

Roubini told Bloomberg in a recent interview that he expects the United States to be hit by a “severe recession and a severe debt and financial crisis.”

By contrast, some analysts have rejected the outlook for a long and severe recession, with Bank of America Chief Economist Michael Gapen telling Fox News in a recent interview that

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