Joe Biden’s administration is a dumpster fire. This news shows just how bad it truly is.
And President Biden is about to be thrown out of the White House for this truly disgraceful report.
In recent weeks, Joe Biden’s approval ratings have been sinking to all-time lows once again and they are showing no sign of recovering whatsoever. With less than six months until the 2024 election now, time is running out for Biden and his Democrat lackeys to turn things around. Many believe it’s already too late.
Even high-profile Democrats and Big Media outlet talking heads who are normally fully behind the political establishment, of which Joe Biden belongs, have been extremely vocal about how bad the outlook for Biden looks right now.
What’s the biggest factor? Well there’s a few major ones. The Afghanistan pullout disaster was the first domino to fall that abruptly cut short Joe Biden’s early favorability success as a result of being someone other than Donald Trump.
Continued foreign policy struggles have certainly contributed as well. The Chinese spy balloon fiasco, continued eye-watering spending of taxpayer dollars on the Russia-Ukraine war, and the response to the Israel-Hamas conflict all come to mind.
But there’s one issue that’s more important to many Americans that is even more critical to the political success of a presidential administration, and that’s the state of the economy and who is to blame in the eyes of the American voters.
On the economy, Joe Biden is seriously struggling. Former President Donald Trump is leading Joe Biden by a significant margin in terms of how voters view the handling of the economy. Now the latest reports are only making that worse.
A recent poll released on Monday indicates a growing disapproval among Americans towards President Joe Biden’s management of the economy, particularly fueled by escalating inflation. In May, approximately 49% of surveyed voters expressed the view that Biden’s policies have negatively impacted the economy, up from 47% in April and 45% in March. Conversely, only 28% believed his policies have been beneficial.
The survey, conducted by the Financial Times and the University of Michigan’s Ross School of Business, revealed that a mere 27% of respondents perceived current U.S. economic conditions positively, while 71% held a negative outlook, marking an increase from April.
Inflation emerged as the primary financial concern for Americans in May, with 80% ranking it among their top three stressors, followed by income levels at 49% and rent at 32%. The inflation rate rose to 3.5% in March, surpassing February’s 3.2% and exceeding the Federal Reserve’s 2% target.
Over half of the polled voters indicated a deterioration in their financial status under Biden’s presidency, while only 17% reported improvement. When it came to trust in handling the economy, 43% favored former President Donald Trump compared to 35% for Biden.
The survey sample was comprised of 38% Democrats, 27% independents, and 35% Republicans, with slightly over 1,000 respondents and a margin of error of ±3.1%. The bleak economic outlook poses challenges for Biden’s future electoral prospects, as 55% of respondents cited economic issues as pivotal in determining their presidential vote.
The impact of price hikes was evident, with 78% of voters feeling the pinch in food costs, followed by 56% citing increased expenses in gas and everyday essentials. Blame for price surges was primarily attributed to large corporations by 59% of voters, while 40% pointed fingers at Democratic policies for inflation.
Biden has attempted to shift blame onto corporations for the rapid price spikes, highlighting “shrinkflation” in a video released in February, where product sizes are reduced to maintain prices amid external inflationary pressures. However, many economists attribute recent inflation to the Biden administration’s high-spending policies, resulting in a national debt increase to over $34.5 trillion, nearly $6.8 trillion more than when he assumed office. Biden signed the Inflation Reduction Act and the American Rescue Plan, authorizing $750 billion and $1.9 trillion in new spending, respectively.
NY Fed: even more evidence no one believes Fed will get control of inflation: short-term inflation expectations rose from 3.0% to 3.3% while long-term climbed from 2.6% to 2.8% – all while earnings growth expectations fell to 2.7%, so people believe they'll keep getting poorer: pic.twitter.com/6mU0Khuj18
— E.J. Antoni, Ph.D. (@RealEJAntoni) May 13, 2024
In terms of potential electoral outcomes, the RealClearPolitics average for a 2024 general election matchup between Trump and Biden favors Trump by 1.2 points. Additionally, Trump leads in critical swing states such as Nevada, North Carolina, Arizona, Georgia, and Pennsylvania.
CNN has even shockingly been admitting that the poll numbers for Joe Biden indicate that he has his work cut out for him if he wants to even stay competitive in the election come November.
Some political experts are even questioning if Joe Biden is going to have the plug pulled on his campaign by the Democrat Party higher ups who have to be reading the writing on the wall that Donald Trump is in the driver’s seat as of now.
The Conservative Column will keep you updated on any more important surveys relating to the 2024 presidential election.
