As President Joe Biden faced declining support from Americans over his handling of the economy, concerns about his age and fitness also emerged. A Pew Research Center survey in May showed that just 23% of Americans rated the economy as “excellent or good”, with larger shares deeming it “only fair” or “poor”. Even within Biden’s voter base, dissatisfaction grew as the proportion of Democrats viewing the economy positively dropped from 44% to 37%.
Adding to Biden’s woes, US voters saw his Republican rival, Donald Trump, as more trustworthy on economic policy even after a debate on June 27. Biden’s approval ratings and his ranking on the economy were closely intertwined, with inflation being a major concern. While Biden could point to economic growth and job creation, inflation remained high, impacting consumer finances.
With public perception linking inflation to government policies, Biden’s challenge was to address price increases while advocating for economic progress. The struggle to mitigate high prices highlighted Americans’ aversion to inflation and the need for effective policy responses.
Despite positive economic indicators, Biden’s failure to effectively address inflation and its impact on everyday life underscored the importance of understanding and managing economic challenges.
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