{"id":1618762,"date":"2022-08-22T09:21:35","date_gmt":"2022-08-22T13:21:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1618762"},"modified":"2022-08-22T09:21:38","modified_gmt":"2022-08-22T13:21:38","slug":"vast-majority-of-americans-say-economy-isnt-good-under-biden","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/vast-majority-of-americans-say-economy-isnt-good-under-biden\/","title":{"rendered":"Vast Majority of Americans Say Economy Isn\u2019t Good Under Biden"},"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\">20<\/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%2Fvast-majority-of-americans-say-economy-isnt-good-under-biden%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=1618762&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>Nearly three out of four Americans say the <a href=\"https:\/\/www.theepochtimes.com\/t-economy\">economy<\/a> isn\u2019t doing well on President <a href=\"https:\/\/www.theepochtimes.com\/t-joe-biden\">Joe Biden<\/a>\u2019s watch, according to a recent Economist\/YouGov poll, while a separate survey showed that a record share of Americans believe the country\u2019s best years are behind us.<\/p>\n<p>The Economist\/YouGov poll (<a href=\"https:\/\/www.theepochtimes.com\/wp-admin\/post.php?post=4679755&amp;action=edit\">pdf<\/a>) shows that just 22 percent of Americans think the state of the economy is excellent or good, while a whopping 73 percent think it\u2019s fair or poor.<\/p>\n<p>Asked whether they approve of Biden\u2019s handling of jobs and the economy, a greater share (48 percent vs. 42 percent) said they disapprove.<\/p>\n<p>More gloom was expressed by people responding to\u00a0a recent NBC poll, which showed that 74 percent of Americans believe the country is on the wrong track.<\/p>\n<p>NBC anchor Chuck Todd revealed the numbers on Sunday\u2019s edition of \u201cMeet the Press,\u201d telling the audience that this figure has now stayed above 70 percent for nearly a year, the longest stretch in the history of the poll.<\/p>\n<p> \u2018Severe Recession\u2019 or \u2018Mild Dowturn\u2019? <\/p>\n<p>The pessimistic readings come amid growing fears of a sharp economic downturn as persistently high inflation pressures the Federal Reserve to hold the course on aggressive monetary policy tightening.<\/p>\n<p>Some prominent economists have warned of a U.S. <a href=\"https:\/\/www.theepochtimes.com\/t-recession\">recession<\/a> that could be long and severe, with economist Nouriel Roubini <a href=\"https:\/\/www.theepochtimes.com\/americas-recession-will-be-long-and-severe-those-who-say-itll-be-short-and-shallow-are-delusional-roubini_4667534.html\">recently describing<\/a>\u00a0analysts\u2019 predictions for a short and mild economic downturn as \u201cdelusional.\u201d<\/p>\n<p>Roubini\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-25\/shallow-recession-calls-are-totally-delusional-roubini-warns\" target=\"_blank\" rel=\"noopener\">told Bloomberg<\/a>\u00a0in a recent interview that he expects the United States to be hit by a \u201csevere recession and a severe debt and\u00a0<a href=\"https:\/\/www.theepochtimes.com\/t-financial-crisis\" target=\"_blank\" rel=\"noopener\">financial crisis<\/a>.\u201d<\/p>\n<p>Some analysts reject the outlook for a long and severe recession, with Bank of America Chief Economist Michael Gapen\u00a0<a href=\"https:\/\/www.foxbusiness.com\/economy\/bank-america-chief-economist-sees-high-chance-us-recession-year\" target=\"_blank\" rel=\"noopener\">telling Fox News<\/a>\u00a0in a recent interview that he expects a \u201cmild downturn.\u201d<\/p>\n<p>The recessionary drumbeat got louder last week\u00a0as a key economic gauge from the Conference Board <a href=\"https:\/\/www.theepochtimes.com\/recession-drum-beats-louder-as-leading-economic-index-falls-for-5th-month-straight_4675954.html\">dropped for<\/a> the fifth month in<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly three out of four Americans say the economy isn\u2019t doing well on President Joe Biden\u2019s watch, according to a recent Economist\/YouGov poll, while a separate survey showed that a record share of Americans believe the country\u2019s best years are behind us. The Economist\/YouGov poll (pdf) shows that just 22 percent of Americans think the [\u2026]<\/p>\n","protected":false},"author":118,"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-1618762","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\/1618762","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\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1618762"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1618762\/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=1618762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1618762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1618762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}