US pessimistic in Biden's economy

 CNBC:

Americans harbor some of the most downbeat views on the economy since the recovery from the Great Recession, and some of their attitudes are in line with those seen only during recessions, according to the latest CNBC All-America Economic Survey.

Amid soaring inflation, 47% of the public say the economy is “poor,” the highest number in that category since 2012. Only 17% rank the economy as excellent or good, the lowest since 2014.

Only one in five Americans describe their personal financial situation as “getting ahead,” the weakest showing in eight years. Most say they are “remaining in place,” and one in 10 say they are “falling backward.” Meanwhile, 56% say they expect a recession in the next year — a level only achieved in the survey during an actual recession.
...

“The angst was previously more about what was going to happen in the economy, and we’ve now shifted into a new place where we’re much more much pessimistic about what’s currently happening,” said Micah Roberts, a partner at Public Opinion Strategies and the Republican pollster for the survey. “There’s no overwriting the pessimism in this survey. It is on every page, and it is inescapable.”
...

The president’s approval rating sank to a new low of just 38%, with 53% disapproving. Biden’s -15% net approval rating is measurably worse than his -9% approval in the CNBC December survey. What’s more, his approval rating on the economy dropped for a fourth straight survey to just 35%, with 60% disapproving, putting the president a deep 25 points underwater.
...

Biden appears unable to find an issue that voters support.  He has been serially wrong on inflation for months and his handling of foreign policy has also been disastrous. He screwed up the exit from Afghanistan which led Putin to think he could get away with a war against Ukraine. Biden's embrace of the Green New Deal added to inflation and caused another hit to people's pocketbooks.

See, also:

Spin, Misrepresentation, and the President’s Economic Policy


The Biden administration has rapidly built a remarkable record of ridiculous economic claims, misrepresentations, and worse.

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