President Joe Biden has faced rising inflation, elevated unemployment and now supply shortages during his administration. Combined, these issues are beginning to cause an increasing number of voters to lose confidence in the president.
“A new national telephone and online survey by Rasmussen Reports and The National Pulse finds that just 34% of Likely U.S. Voters rate Biden’s handling of economic issues excellent or good, while 51% now give the president a poor rating on the economy,” Rasmussen said.
“That’s a significant decline since July, when 42% of voters rated Biden good or excellent on economic issues and 43% gave him a poor rating. Eighty-three percent (83%) of voters now say they are concerned about inflation, including 57% who are Very Concerned, while just 14% are not concerned about inflation. Inflation worries have risen since May, when 76% of voters were concerned, including 45% who were Very Concerned.”
The poll comes after inflation rose nearly 5 and a half percent in the previous 12 months, according to the Bureau of Labor Statistics. Those figures mean higher prices on rent, food, energy and other goods and services for everyday Americans.
In fact, many economists speculate these price increases and supply shortages will have a serious impact on the holiday season, leaving Americans paying more for their holiday gifts, if they can find them in stock at all.
“While a majority (62%) of Democrats still rate Biden excellent or good on his handling of economic issues, that view is shared by only 16% of Republicans and 20% of voters not affiliated with either major party,” Rasmussen said. “Biden’s positive rating on the economy has dropped 17 points with unaffiliated voters since July. Seventy-eight percent (78%) of Republicans and 60% of unaffiliated voters now give Biden a poor rating on the economy, as do 21% of Democrats.”
Read the rest of the poll here.