With Americans continuing to struggle under the weight of a sluggish economy, many are turning their attention to the man in the White House for answers. President Joe Biden has coined his economic policy “Bidenomics” and has been trying to convince the public that his plan is the key to a stronger and more resilient economy.
However, a new CBS News/YouGov poll showed that 61 percent of Americans describe the state of the economy with one or two words: “Struggling” and “Uncertain.” In fact, when asked how they rate the United States economy, 65 percent said “very bad” and 58 percent said “getting worse.” When it comes to Bidenomics, only 41 percent have even heard of it and of those, 50 percent associate it with “higher inflation” while 49 percent associate it with “tax increases.”
It’s clear from the poll’s results that the American people are dissatisfied with Bidenomics. In fact, Biden has one of the lowest approval ratings for a president in decades, with only 34 percent of U.S. adults approving of his handling of the economy.
The economic outlook has been particularly tough for middle- and low-income individuals, with 70 percent of survey respondents saying their salary is not keeping up with inflation. The current state of the economy has been made even more difficult due to the COVID-19 pandemic, and Biden has been fighting an uphill battle to get it back on track.
Former Speaker of the House Nancy Pelosi recently argued that Biden needs to do a better job of messaging his accomplishments to ensure that the public is aware of the economic policies he has put into place. She said there has to be a “major messaging campaign” to showcase all that Biden has done for the economy and how it can help the average person at the kitchen table.
It’s clear from the survey results that Biden needs to act fast to revive the economy. The American people are struggling, uncertain, and feeling the financial impacts of inflation and growing taxes. Biden needs to get his message out there and prove that his economic policies will benefit the majority of Americans in the end. Otherwise, his approval ratings won’t be improving anytime soon.