69% of Americans Unhappy With Biden’s Economy

69% of Americans Unhappy With Biden's Economy

(RightWing.org) – President Biden is desperately trying to boost his reputation on the economy, but it seems voters aren’t fooled. A new poll shows that over two-thirds of Americans aren’t happy with how our nation is performing. In even worse news for the administration, they don’t think it’s going to get better anytime soon, either.

On April 18, CNBC released its latest All-America Economic Survey, which examines the public’s opinion about how the US is performing economically. The results were depressing. Sixty-nine percent of respondents have a negative opinion — the highest negative score ever.

American workers feel their jobs are secure, but they’re less happy about their incomes, which are being eaten away by inflation. In fact, 81% told pollsters they were making lifestyle changes because of the rising cost of living. Over half of working-class Americans say they’re working more hours so they can keep paying their bills. Meanwhile, 54% said the biggest impact came from rising food prices.

As for the future, two-thirds believe the US is heading for a recession — a fear that’s backed up by the Federal Reserve. The Fed staff thinks the economy is likely to start shrinking later this year, mostly driven by the collapse of Silicon Valley Bank and other problems in the banking sector.

It’s bad enough that so many Americans have a dim view of the economy. For Biden, there’s worse news; some of the least happy groups are ones he’ll be counting on at next year’s general election. Women aged 18-49 lean heavily towards the Democrats — but their approval of the administration’s economic record has fallen 13% over the last quarter. Among Democrats overall, their approval of Biden’s economic performance is down 2%; among independents, it’s down by 9%.

Biden himself is still in denial about the consequences of his huge spending plans. On April 19 he continued to blame Republicans for inflation instead of his own huge spending packages, but it seems Americans just don’t believe him.

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