{"id":909977,"date":"2021-10-22T12:59:26","date_gmt":"2021-10-22T16:59:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=909977"},"modified":"2021-10-22T12:59:27","modified_gmt":"2021-10-22T16:59:27","slug":"poll-strong-majority-of-americans-disapprove-of-bidens-economic-performance","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/poll-strong-majority-of-americans-disapprove-of-bidens-economic-performance\/","title":{"rendered":"Poll: Strong Majority Of Americans Disapprove Of Biden\u2019s Economic Performance"},"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%2Fpoll-strong-majority-of-americans-disapprove-of-bidens-economic-performance%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=909977&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 significant majority of Americans disapprove of President Biden\u2019s handling of the economy.<\/p>\n<p>The most recent edition of CNBC\u2019s <a href=\"https:\/\/www.cnbc.com\/2021\/10\/21\/bidens-support-fading-fast-as-cnbc-survey-finds-concerns-on-the-economy-covid-and-inflation.html\">All-America Economic Survey<\/a> \u2014 conducted between October 14 and 17 \u2014 found that 40% of Americans approve of Biden\u2019s economic management while 54% disapprove. The disapproval rate has witnessed a seven-point surge since July.<\/p>\n<p>CNBC explains:<\/p>\n<p>Inflation now ties with the coronavirus as the biggest concern for Americans, up 16 points from the prior survey. A plurality of 47% of the public believe there will be a recession in the next year, up 13 points from when the question was last asked in 2019.<\/p>\n<p>Recession worries come with increasingly negative views about the current and future state of the economy: 46% say the economy will get worse in the year ahead, the most in the 13-year history of the poll and 79% judge the economy as just fair or poor, the most since 2014. Just 31% say now is a good time to invest in stocks, the lowest since 2016.<\/p>\n<p>\u201cIf the economy doesn\u2019t get back on track, and the Coronavirus doesn\u2019t reverse course at some point soon, then this is a presidency that\u2019s going to be in real trouble,\u201d acknowledged Jay Campbell, the Democratic pollster for the survey.<\/p>\n<p>\u201cLast quarter, the economic numbers were flashing yellow for Biden, but now that\u2019s intensified and the light is flashing red, and it\u2019s accompanied by multiple blaring sirens,\u201d added Republican pollster Micah Roberts.<\/p>\n<p>As economists David Blanchflower and Alex Bryson <a href=\"https:\/\/www.dailywire.com\/news\/economists-troubling-consumer-sentiment-data-point-to-looming-recession\">observe<\/a> in a recent paper, consumer sentiment surveys \u2014 including those from the Conference Board and the University of Michigan \u2014 have seen double-digit downturns in the past several months. Since the two polls have successfully predicted recessions for the past four decades, the economists worry that the \u201ceconomy in the United States is entering recession now.\u201d<\/p>\n<p>Earlier in October, The Wall Street Journal <a href=\"https:\/\/www.dailywire.com\/news\/survey-economists-foresee-high-inflation-supply-chain-crisis-labor-shortages-lasting-well-into-2022\">surveyed<\/a> economists on high inflation, constrained supply chains, labor shortages, and other threats to a continued recovery from COVID-19 and the lockdown-induced recession. In addition to cutting their economic growth predictions from 7% to 3.1%, the analysts indicated that the crises will last well into 2022.<\/p>\n<p>\u201cConsumer spending, and by extension GDP growth, is being limited by high rates of inflation eroding the real purchasing power of consumers,\u201d Visa economist Michael Brown explained to the outlet.<\/p>\n<p>\u201cIt\u2019s a perfect storm: supply-chain bottlenecks, tight labor markets, ultra-easy monetary and fiscal policies,\u201d said Daiwa Capital Markets America chief economist Michael Moran.<\/p>\n<p>The<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A significant majority of Americans disapprove of President Biden\u2019s handling of the economy.The most recent edition of CNBC\u2019s All-America Economic Survey \u2014 conducted between October 14 and 17 \u2014 found that 40% of Americans approve of Biden\u2019s economic management while 54% disapprove. The disapproval rate has witnessed a seven-point surge since July.CNBC explains:Inflation now ties with the coronavirus as the biggest concern for Americans, up 16 points from the prior survey. A plurality of 47% of the public believe there will be a recession in the next year, up 13 points from when the question was last asked in 2019.Recession worries come with increasingly negative views about the current and future state of the economy: 46% say the economy will get worse in the year ahead, the most in the 13-year history of the poll and 79% judge the economy as just fair or poor, the most since 2014. Just 31% say now is a good time to invest in stocks, the lowest since 2016.\u201cIf the economy doesn\u2019t get back on track, and the Coronavirus doesn\u2019t reverse course at some point soon, then this is a presidency that\u2019s going to be in real trouble,\u201d acknowledged Jay Campbell, the Democratic pollster for the survey.\u201cLast quarter, the economic numbers were flashing yellow for Biden, but now that\u2019s intensified and the light is flashing red, and it\u2019s accompanied by multiple blaring sirens,\u201d added Republican pollster Micah Roberts.As economists David Blanchflower and Alex Bryson observe in a recent paper, consumer sentiment surveys \u2014 including those from the Conference Board and the University of Michigan \u2014 have seen double-digit downturns in the past several months. Since the two polls have successfully predicted recessions for the past four decades, the economists worry that the \u201ceconomy in the United States is entering recession now.\u201dEarlier in October, The Wall Street Journal surveyed economists on high inflation, constrained supply chains, labor shortages, and other threats to a continued recovery from COVID-19 and the lockdown-induced recession. In addition to cutting their economic growth predictions from 7% to 3.1%, the analysts indicated that the crises will last well into 2022.\u201cConsumer spending, and by extension GDP growth, is being limited by high rates of inflation eroding the real purchasing power of consumers,\u201d Visa economist Michael Brown explained to the outlet.\u201cIt\u2019s a perfect storm: supply-chain bottlenecks, tight labor markets, ultra-easy monetary and fiscal policies,\u201d said Daiwa Capital Markets America chief economist Michael Moran.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":1,"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-909977","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\/909977","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=909977"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/909977\/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=909977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=909977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=909977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}