| Back in June, President Biden made a strategic decision to own the term “Bidenomics” and make it the centerpiece of his re-election campaign.
The media has bought this narrative hook, line, and sinker. Unfortunately for Joe, the voters aren’t biting. A new poll by the Financial Times and the University of Michigan finds that a mere 14% of Americans believe they are better off financially now than when Biden took office. Almost 70% percent of voters thought Biden’s economic policies had either hurt the US economy or had no impact.
“Every group — Democrats, Republicans, and Independents — list rising prices as by far the biggest economic threat,” says Erik Gordon of the University of Michigan. Half of Americans say they’ve reduced spending on necessities. These results confirm that even though the overall inflation rate is down from 9% last year to about 4% now, the prices of necessities — including groceries, gas, rent, and mortgages — are still rising much higher than that. |
