POLL: Biden’s Economic Approval Sinks To New Low

POLL: Biden’s Economic Approval Sinks To New Low

Laurel Duggan on July 18, 2022

President Joe Biden’s economic approval hit a new low in a CNBC poll released Monday, and are lower than at any point under the Trump or Obama administrations.

Only 30% of Americans approve of Biden’s handling of the economy, a score five points lower than his April rating, according to CNBC’s All-America Economic Survey, which polled 800 people and was conducted July 7 to 10.

Support was even lower among Republicans, as only 6% of whom approved of his economic program, while 58% of Democrats approved. The poll found that 51% of voters think Biden’s efforts to fight inflation are doing nothing, while 30% believe his efforts are making things worse.

Gas prices have been dropping for 34 days straight, about 50 cents a gallon. That saves the average driver about $25 a month.

I know those extra dollars and cents mean something. It’s breathing room. And we’re not done working to get prices even lower.

— President Biden (@POTUS) July 18, 2022

These ratings are lower than the worst economic ratings throughout Donald Trump and Barack Obama’s presidencies, which were 41% and 37% respectively, according to CNBC.

The economy appears to be affecting voters’ behavior too: 65% of respondents said they were trying to spend less on entertainment, 61% are driving less and 54% are cutting back on travel, the poll found. A third of the respondents were using credit cards more, the poll found.

Only 22% of respondents believed the economy would get better in the next year, while 52% thought it would get worse and six in ten said they expected a recession in the next 12 months.

The poll had a 3.5% margin of error.

The White House did not respond to the Daily Caller News Foundation’s request for comment.