{"id":1987486,"date":"2023-08-01T05:07:01","date_gmt":"2023-08-01T09:07:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-why-biden-gets-poor-ratings-on-the-economy-despite-improving-numbers\/"},"modified":"2023-08-01T05:09:36","modified_gmt":"2023-08-01T09:09:36","slug":"bidenomics-why-biden-gets-poor-ratings-on-the-economy-despite-improving-numbers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-why-biden-gets-poor-ratings-on-the-economy-despite-improving-numbers\/","title":{"rendered":"Bidenomics: Despite economic progress, Biden&#8217;s low ratings persist."},"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\">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%2Fbidenomics-why-biden-gets-poor-ratings-on-the-economy-despite-improving-numbers%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=1987486&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--><h2>President Biden&#8217;s Economic Approval Ratings Stagnate Despite Positive Economic Indicators<\/h2>\n<p>President Joe Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/disaster-joe-bidens-economic-ratings-are-worse-than-jimmy-carters-cnn-poll-finds\/\" title=\"DISASTER: Joe Biden\u2019s Economic Ratings Are Worse Than Jimmy Carter\u2019s, CNN Poll Finds\">economic approval ratings<\/a> have hit a\u200c roadblock, even as the economy shows signs of\u200c improvement. This presents both a puzzle for his allies\u200d and an\u2062 opportunity for his \u200crivals.<\/p>\n<p>The White House has launched\u200c a political\u200c blitz, promoting &#8220;Bidenomics&#8221; to\u2064 highlight the positive aspects of the \u200ceconomy \u2063and \u200cconnect the president to the good news. The hope \u2063is that voters will be convinced to reelect\u2064 Biden in 2024 as \u2062they \u200bsee the economy in a better light. However, this\u200c hasn&#8217;t happened yet.<\/p>\n<h3>Challenges in Boosting Economic Approval Ratings<\/h3>\n<p>According to an aggregation of\u200b polls by RealClearPolitics, only 38.3% of people approve of\u2062 Biden&#8217;s handling of the economy, while nearly \u200b58% disapprove. A \u2062recent CBS \u200dNews\/You\u200c Gov poll found that Biden&#8217;s economic approval has fallen to 34%, tying the lowest point since the start of his presidency.<\/p>\n<p>Despite these low\u2063 approval ratings, \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenomics-why-biden-gets-poor-ratings-on-the-economy-despite-improving-numbers\/\" title=\"Bidenomics: Despite economic progress, Biden's low ratings persist.\">key economic indicators paint<\/a> a \u2063different picture.\u2064 Unemployment stands at a historically strong 3.7%, and the economy \u2064has been adding an average of over 278,000 jobs per month this year.<\/p>\n<p>However, inflation has been a major concern during Biden&#8217;s tenure, with rates not seen \u2063since the\u200b 1960s and 1970s. This has \u200bled to increased \u200cexpenses \u200dfor households across the board.<\/p>\n<p>Surprisingly, even as inflation has decreased, Biden&#8217;s approval ratings have not improved. Annual inflation, as measured by the\u200b consumer price index, dropped from nearly\u200b 9% last \u200bJune \u200bto just over 3% this June. Additionally, voters have\u2063 not given \u2063him credit for avoiding the recession that many economists predicted would follow the Federal Reserve&#8217;s aggressive \u200cmonetary\u200c tightening cycle.<\/p>\n<p>One theory for the lack \u200dof improvement in Biden&#8217;s ratings is that the\u200c recent economic improvements may not have trickled down to voters\u200d yet. It might take some time for Biden&#8217;s economic \u2064approval \u200dratings \u200cto reflect the\u2064 positive news of\u2063 recent weeks and months.<\/p>\n<p>Economist \u2063Justin Wolfers from the Brookings Institution suggests \u200cthat it has taken time for\u2062 people to recover from the \u2062difficulties of the past few \u2062years\u200d and recognize the strength of the current economy. Prime-age workers\u200b are\u200c employed\u200c at\u2063 higher rates \u2064than in\u200d over 20 years, indicating \u2064a stronger economy.<\/p>\n<p>Casey\u200d Burgat, \u200blegislative affairs program director \u200bat George Washington \u200cUniversity, believes that after\u2063 years of negative \u200deconomic news, voters may \u2064still feel pessimistic. The uncertainty caused by the pandemic, high inflation, and fluctuating gas prices\u200b and stock market have painted a challenging picture\u200c that is hard to overcome.<\/p>\n<h3>Republican Criticism and Polarization<\/h3>\n<p>Republicans \u200bhave criticized the Biden \u200dadministration for the inflationary pressures experienced in 2021. They argue\u200b that despite recent \u2062cooling, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ron-desantis-fleet-of-irs-agents-will-target-middle-class-americans\/\" title=\"Ron DeSantis: Fleet of IRS Agents Will Target Middle Class Americans\">prices remain significantly higher<\/a> than \u2062when Biden took office.<\/p>\n<p>For example, the cost of gasoline has\u2062 increased by 60% since\u2063 January 2021, and boneless chicken breast and used car prices\u2063 have also risen significantly.<\/p>\n<p>Alfredo Ortiz, president and CEO of Job Creators Network, points out that credit card debt is at\u2063 record levels, and savings levels are extremely low.<\/p>\n<p>While the White House highlights positive economic indicators, \u200bRepublicans are emphasizing the\u200d negative aspects and price increases since Biden&#8217;s \u200dinauguration.<\/p>\n<p>Polarization has grown among voters, \u200dmaking\u2064 it \u2062challenging to \u200caccurately gauge public \u2064sentiment. People&#8217;s responses \u200cto economic questions often reflect their political affiliations rather than their true assessment of the economy.<\/p>\n<p>Recent \u2064polling supports\u200d this notion, with only 13%\u2063 of Republicans believing the economy \u2062is in good shape\u2064 compared to 47% of Democrats, according to a survey by\u200c the Associated Press-NORC Center for Public \u200bAffairs Research.<\/p>\n<p>Despite the efforts of the\u200b White House and Biden&#8217;s\u2064 economic agenda, the challenge remains to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/n-y-attorney-generals-office-discovers-astroturf-lobbying-scheme\/\" title=\"N.Y. Attorney General\u2019s office discovers astroturf lobbying scheme\">sway public opinion<\/a> and improve economic\u200c approval ratings.<\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/news\/biden-economic-approval-ratings-stagnate-inflation-jobs\">Click here<\/a> to read \u200dmore from The Washington Examiner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s economic approval ratings remain stagnant despite decreasing inflation and a thriving job market. This poses a challenge for his supporters and a chance for his opponents. To address this, the White House has launched a political campaign called &#8220;Bidenomics&#8221; to emphasize their economic policies.<\/p>\n","protected":false},"author":1,"featured_media":1987487,"comment_status":"open","ping_status":"closed","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":[538],"tags":[],"class_list":["post-1987486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"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\/1987486","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1987486"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1987486\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1987487"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1987486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1987486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1987486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}