Most Americans see themselves doing far worse economically with Joe Biden in the White House than with Donald Trump before the pandemic.
Polling reflects this, as does the media coverage, but Biden recently snapped at reporters over the coverage, demanding the media “start reporting it the right way.”
The most recent Gallup polling on the economy has Biden at 32% approval and 67% disapproval ratings.
In the most recent New York Times-Sienna poll from battleground states, Biden’s numbers are also very low, with him seeing a sub-40% approval rating for those earning $100,000 or less and a 42% approval rating for those making more than $100,000 per year. Biden’s overall number was 62% who think the economy is “fair” to “poor.”
The recent Bloomberg/Morning Consult poll gives Biden only a 35% approval rating in swing states, with 51% of those saying the economy was better when Trump was in office.
Just before Biden left for Camp David for yet another extended holiday vacation, he was asked about the outlook for the economy in 2024, and he snapped back at the reporter, stating:
“All good. Take a look. Start reporting it the right way.”
The economy has improved in recent months, but it is still nowhere near where it was pre-pandemic, and much of that is due to the fact wages are not keeping up with inflation that was induced because of Biden’s radical agenda, especially where gasoline is concerned.
When gasoline prices go up, we pay more not only at the pumps but also significantly more for all goods that rely on transportation, as the higher cost of transportation of those goods gets passed on to the consumer.
Biden wants to get credit for cleaning up the spilled milk when he was the one who tipped over the bottle. At the end of Trump’s term, the national average price for gasoline was about $2.17. Currently, the national average is about $3.22, almost 50% higher than we were paying under Trump.
That price has gone down since 2022, but again, it is nowhere near where it was, and that impacts every American household’s finances. Gasoline is only one aspect of this, as rent, groceries, and healthcare costs have also risen, and wagers are just not keeping up.
A recent report on CNBC documented how much less disposable income Americans have right now, with savings rates falling from a decades-long average of 8.9% to 3.9% in August. All that COVID money that was sent out is long gone, and people are now dipping into their savings rather than adding to it.
To that point, nearly half of the adults in this country, 49%, have less or no savings than they did pre-pandemic. More than a third now have credit card debt, with the United States tipping $1 trillion in credit card debt for the first time in history. A shocking 57% of adults in this country cannot afford to absorb a $1,000 emergency if needed.
So, Joe, the media is reporting the economy properly, but you fail to accept the fact that after promising to build this country from the middle class out, you have actually decimated the middle class to the point that they are one small financial emergency away from bankruptcy.