{"id":1917069,"date":"2023-04-20T07:26:31","date_gmt":"2023-04-20T11:26:31","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/69-of-americans-hold-negative-view-of-economy\/"},"modified":"2023-04-20T07:27:06","modified_gmt":"2023-04-20T11:27:06","slug":"69-of-americans-hold-negative-view-of-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/69-of-americans-hold-negative-view-of-economy\/","title":{"rendered":"69% Of Americans Hold Negative View Of Economy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/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%2F69-of-americans-hold-negative-view-of-economy%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=1917069&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 record 69% of Americans have a negative view of the economy, according to one poll.<\/p>\n<p>On Tuesday, CNBC released its <a href=\"https:\/\/www.cnbc.com\/2023\/04\/18\/public-pessimism-on-the-economy-hits-a-new-high-cnbc-survey-shows.html\" target=\"_blank\" rel=\"noopener\">All-America Economic Survey,<\/a> revealing that nearly seven out of 10 Americans have a dour view of the economy. Two-thirds also believe that the U.S. is heading for a recession, and a similar amount of respondents said that their wages were not keeping up with inflation.<\/p>\n<p>The poll comes as recent Heritage Foundation studies show that the average American has lost $7,400 in income since President Joe Biden entered office, as of January 2023 due to high inflation.<\/p>\n<p>\u201cPrices have risen so much faster than wages that the average family has lost $6,000 in purchasing power,\u201d Heritage\u2019s E.J. Antoni <a href=\"https:\/\/www.heritage.org\/press\/new-heritage-analysis-finds-average-american-family-effectively-7400-poorer-under-biden\" target=\"_blank\" rel=\"noopener\">said<\/a> at the time. \u201cAs the Federal Reserve belatedly raises interest rates to fight the very inflation it helped cause, interest rates are rising fast, increasing borrowing costs by $1,400. Combined with falling real wages, the average family has effectively lost $7,400 in annual income since Biden took office.\u201d<\/p>\n<p>That inflation was caused in part due to massive government spending under the Biden administration, as well as actions taken by the Trump administration to combat COVID in 2020.<\/p>\n<p>The president has previously denied that government spending contributes to inflation at all.<\/p>\n<p>\u201cSo, I\u2019m sick of this stuff!\u201d he <a href=\"https:\/\/www.dailywire.com\/news\/im-sick-of-this-stuff-biden-complains-that-the-american-people-believe-increased-government-spending-causes-inflation\" target=\"_blank\" rel=\"noopener\">said<\/a> last spring. \u201cWe have to talk about it because the American people think the reason for inflation is government spending more money. It\u2019s simply not true.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Biden: &#8220;I&#8217;m sick of this stuff \u2026 the American people think the reason for inflation is government spending more money. Simply not true!&#8221;<\/p>\n<p>\ud83e\udd14 <a href=\"https:\/\/t.co\/Xak7CKTjFs\">pic.twitter.com\/Xak7CKTjFs<\/a><\/p>\n<p>\u2014 RNC Research (@RNCResearch) <a href=\"https:\/\/twitter.com\/RNCResearch\/status\/1502352045550014464?ref_src=twsrc%5Etfw\">March 11, 2022<\/a><\/p>\n<\/blockquote>\n<p>On Wednesday, Biden continued to blame\u00a0 \u201cMAGA Republicans\u201d for the state of the economy and claimed that the solution was higher taxes on the wealthy and corporations.<\/p>\n<p><i>The views expressed in this piece are the author\u2019s own and do not necessarily represent those of The Daily Wire.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A record 69% of Americans have a negative view of the economy, according to one poll. On Tuesday, CNBC released its All-America Economic Survey, revealing that nearly seven out of 10 Americans have a dour view of the economy. Two-thirds also believe that the U.S. is heading for a recession, and a similar amount of<\/p>\n","protected":false},"author":326,"featured_media":1917070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[6947,3884,9168,4920,6296,5963],"class_list":["post-1917069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-6947","tag-americans","tag-economy","tag-hold","tag-negative","tag-view"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917069","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\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1917069"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1917069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1917070"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1917069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1917069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1917069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}