{"id":1124867,"date":"2021-12-16T10:29:35","date_gmt":"2021-12-16T15:29:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1124867"},"modified":"2021-12-16T10:29:38","modified_gmt":"2021-12-16T15:29:38","slug":"voters-have-low-expectations-for-bidens-economic-management-pollster","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/voters-have-low-expectations-for-bidens-economic-management-pollster\/","title":{"rendered":"Voters Have \u2018Low Expectations\u2019 For Biden\u2019s Economic Management: Pollster"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fvoters-have-low-expectations-for-bidens-economic-management-pollster%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1124867&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A recent Fox Business poll shows that a plurality of American voters blame President Joe Biden for the challenges facing the American economy.<\/p>\n<p>According to the <a href=\"https:\/\/www.foxbusiness.com\/politics\/voters-think-biden-making-inflation-worse\">survey<\/a> \u2014 conducted between December 11 and December 14 \u2014 47% of Americans believe that Biden\u2019s actions are \u201churting\u201d the situation, while only 22% believe they are \u201chelping.\u201d Likewise, 46% believe that Biden\u2019s social spending plan would \u201cpush inflation higher,\u201d while 21% believe it would \u201chelp lower inflation.\u201d<\/p>\n<p>\u201cOne thing the president has going for him is low expectations,\u201d Democratic pollster Chris Anderson explained. \u201cIf the spending plans start to have positive impacts in people\u2019s lives, maybe some will reconsider their view of Biden.\u201d<\/p>\n<p>Other insights from the poll show, from Fox News:<\/p>\n<p>Two-thirds think Biden\u2019s leadership is at least somewhat responsible for inflation \u2014 and about the same number blame regular economic cycles. Larger and roughly equivalent majorities blame the pandemic, government spending and regulations, and company price gouging.&nbsp;Rising prices over the last six months have caused financial hardship for two-thirds of voters. That climbs to three-quarters among those living in lower-income households.&nbsp;By more than two-to-one, people say the president\u2019s economic policies have hurt rather than helped them personally. That\u2019s largely driven by almost two-thirds of Republicans saying they\u2019ve been hurt \u2014 nearly five times the number of Democrats who say the same. For comparison, one-third of Democrats said they had been hurt by former President Donald Trump\u2019s economic policies in a December 2018 Fox News survey.Just 1 in 6 voters say they are better off financially than they were a year ago, and a majority rates their personal financial situation negatively. That\u2019s a reversal since August, when over half said their finances were in positive shape.<\/p>\n<p>The dire outcomes for Biden follow multiple inflation indices hitting record levels.<\/p>\n<p>According to the Bureau of Economic Analysis, the Personal Consumption Expenditures Price Index \u2014 which the Federal Reserve uses to chart monetary policy decisions \u2014 <a href=\"https:\/\/www.dailywire.com\/news\/the-feds-favorite-inflation-measure-hits-three-decade-high\">hit<\/a> a year-over-year rate of 4.1% in October. More recently, the Bureau of Labor Statistics <a href=\"https:\/\/www.dailywire.com\/news\/breaking-inflation-skyrockets-to-6-8-higher-than-expected-fastest-rate-in-nearly-40-years\">revealed<\/a> that the Consumer Price Index is rising at a 6.8% clip \u2014 the largest year-over-year increase since June 1982.<\/p>\n<p>During <a href=\"https:\/\/www.dailywire.com\/news\/in-remarks-to-congress-powell-says-omicron-complicates-inflation-forecasts\">testimony<\/a> recently delivered to Congress, Federal Reserve Chair Jerome Powell acknowledged that inflation presents difficulties to American households.<\/p>\n<p>\u201cMost forecasters, including at the Fed, continue to expect that inflation will move down significantly over the next year as supply and demand imbalances abate,\u201d Powell said. \u201cIt is difficult to predict the persistence and effects of supply constraints, but it now appears that factors pushing inflation upward will linger well into next year. In addition, with the rapid improvement in the labor market, slack is diminishing, and wages are rising at a brisk pace.\u201d<\/p>\n<p>\u201cWe understand that high inflation imposes significant burdens, especially on those less able to meet the higher costs of essentials like food, housing, and transportation. We are committed to our price-stability goal. We will use our tools both to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched,\u201d he added.<\/p>\n<p>On Wednesday, the central bank <a href=\"https:\/\/www.dailywire.com\/news\/federal-reserve-releases-plan-to-more-urgently-address-high-inflation\">announced<\/a> plans to more rapidly conclude its asset purchase program \u2014 although it plans to leave interest rates near zero.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent Fox Business poll shows that a plurality of American voters blame President Joe Biden for the challenges facing the American economy.According to the survey \u2014 conducted between December 11 and December 14 \u2014 47% of Americans believe that Biden\u2019s actions are \u201churting\u201d the situation, while only 22% believe they are \u201chelping.\u201d Likewise, 46% believe that Biden\u2019s social spending plan would \u201cpush inflation higher,\u201d while 21% believe it would \u201chelp lower inflation.\u201d\u201cOne thing the president has going for him is low expectations,\u201d Democratic pollster Chris Anderson explained. \u201cIf the spending plans start to have positive impacts in people\u2019s lives, maybe some will reconsider their view of Biden.\u201dOther insights from the poll show, from Fox News:Two-thirds think Biden\u2019s leadership is at least somewhat responsible for inflation \u2014 and about the same number blame regular economic cycles. Larger and roughly equivalent majorities blame the pandemic, government spending and regulations, and company price gouging.\u00a0Rising prices over the last six months have caused financial hardship for two-thirds of voters. That climbs to three-quarters among those living in lower-income households.\u00a0By more than two-to-one, people say the president\u2019s economic policies have hurt rather than helped them personally. That\u2019s largely driven by almost two-thirds of Republicans saying they\u2019ve been hurt \u2014 nearly five times the number of Democrats who say the same. For comparison, one-third of Democrats said they had been hurt by former President Donald Trump\u2019s economic policies in a December 2018 Fox News survey.Just 1 in 6 voters say they are better off financially than they were a year ago, and a majority rates their personal financial situation negatively. That\u2019s a reversal since August, when over half said their finances were in positive shape.The dire outcomes for Biden follow multiple inflation indices hitting record levels.According to the Bureau of Economic Analysis, the Personal Consumption Expenditures Price Index \u2014 which the Federal Reserve uses to chart monetary policy decisions \u2014 hit a year-over-year rate of 4.1% in October. More recently, the Bureau of Labor Statistics revealed that the Consumer Price Index is rising at a 6.8% clip \u2014 the largest year-over-year increase since June 1982.During testimony recently delivered to Congress, Federal Reserve Chair Jerome Powell acknowledged that inflation presents difficulties to American households.\u201cMost forecasters, including at the Fed, continue to expect that inflation will move down significantly over the next year as supply and demand imbalances abate,\u201d Powell said. \u201cIt is difficult to predict the persistence and effects of supply constraints, but it now appears that factors pushing inflation upward will linger well into next year. In addition, with the rapid improvement in the labor market, slack is diminishing, and wages are rising at a brisk pace.\u201d\u201cWe understand that high inflation imposes significant burdens, especially on those less able to meet the higher costs of essentials like food, housing, and transportation. We are committed to our price-stability goal. We will use our tools both to support the economy and a strong labor market and to prevent higher inflation from becoming entrenched,\u201d he added.On Wednesday, the central bank announced plans to more rapidly conclude its asset purchase program \u2014 although it plans to leave interest rates near zero.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1124867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1124867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1124867"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1124867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1124867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1124867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1124867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}