A new CNBC All-America Economic Poll reflects President Joe Biden’s dramatic 10-point uptick in his approval rating since July. Now that America’s leader has been highlighting his financial achievements, his 46 percent economic approval rating can only improve.
President Biden came out Wednesday placing the blame for inflation squarely upon corporations’ record-breaking profits. Last summer, the president’s numbers bottomed out at 30 percent in the same poll.
The poll found that 16 percent of the likely voters believed that America’s economy was doing well, and 56 percent did not. Eighty-three percent of the interviewees rated America’s economy as only fair or poor. According to the poll:
‘A 53% majority say the Fed’s efforts to reduce inflation by raising interest rates will succeed.’
The unemployment numbers were over eight percent. And now they are at 3.5 percent, according to the U.S. Department of Labor.
The CNBC All-America Economic Poll looked at the “jobs or inflation” question:
‘But when asked what’s more important when it comes to the central bank’s dual mandate — jobs or inflation — Americans are split. 47% say it’s more important to protect jobs than fight inflation and 43% say the inflation fight should take precedence.’
With fewer than three weeks prior to the critical midterm elections in November, Democrats have been struggling to maintain their control of both houses.
Friday President Biden has been scheduled to participate in two high-profile interviews regarding America’s economy. Our president will discuss his program of student debt relief with The Washington Post and with MSNBC, according to Yahoo News. In record time, his people put together a simple, user-friendly student loan forgiveness website. Eight million people have already accessed it.
Twenty-seven percent of respondents in the survey said they thought the country’s economy will improve next year, while 45 percent of those surveyed believed the economy was on a downward path, the poll said. And 48 percent of those surveyed said they preferred Republicans have majority control of Congress, while 46 percent of respondents believed Democrats should have it.
MSNBC’s Chris Hayes warned against a Republican takeover after the November elections:
‘If Republicans win control of one or both houses of Congress, they will do everything in their power to sabotage the economy to best set them up to retake the White House in 2024.’
In comparison to other presidents at the same point in their presidencies, President Biden fares better than the majority of them.
The CNBC All-America Economic Poll was completed from October 13-16, inclusive. There were 800 random registered voters. And the poll’s margin of error was +/- 3.8 percentage points.
Christie writes Gloria Christie Reports & Three White Lions Substack newsletters and a Three White Lions podcast available on Apple, Spotify, etc. She is a political journalist for the liberal online newspaper The Bipartisan Report. Written in her own unique style with a twist of humor. Christie’s Mueller Report Adventures In Bite-Sizes a real-life compelling spy mystery (in progress). Find her here on Facebook. Or at Three White Lions her book on Amazon Kindle Vella and the Gloria Christie Three White Lions podcast on Apple, Spotify, etc.