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Bidenomics a Bust: New Poll Shows Half of Americans Say Economy Worse Under Uncle Joe

  |   By Polling+ Staff

According to a recent Rasmussen Reports survey, 52% of likely U.S. voters say the economy has gotten worse under President Joe Biden —a damning poll as even the President’s own party looks to replace him.

From Newsmax:

The latest Rasmussen Reports survey finds that 52% of likely U.S. voters say the U.S. economy has deteriorated under President Joe Biden, while 31% say it has improved, and 14% say it is flat.

In contrast, in a Labor Day speech, the president declared the success of “Bidenomics,” saying he has “created more jobs in two years than any president has created in a four-year term.”

The job market in the United States remains strong, and the Consumer Price Index (CPI) has come down from a high of over 9% in June, 2022, to 3.2% in July. The Federal Reserve has raised interest rates significantly, affecting borrowing costs and mortgages.

Gross domestic income only grew in real terms at 0.5%, unlike the over 2% reported GDP.

While 51% of Democrats said they think the economy has improved under Biden, that opinion is shared by only 12% of Republicans and 28% of unaffiliated voters, according to Rasmussen. Majorities of both Republicans (79%) and unaffiliated voters (55%) in the survey say the economy has deteriorated since Biden became president, and 25% of Democrats agree.

More over at Rasmussen Reports: