President Biden may call his economic strategy anything he likes; Bidenomics is the current buzzword, but according to a recent poll, the majority of Americans would describe the economy as “struggling” as well as “uncertain.”
According to a June 26–28 CBS News/YouGov poll that surveyed more than 2,000 American adults, such is the case. 61% of Americans claimed the economy was “struggling,” followed by 56% who said it was “uncertain,” 36% who said it was “unfair,” and 27% who said it was “punishing.” Just 15% of respondents thought it could be defined as “rebounding,” while 11% said it could be defined as “expanding.”
According to the survey, 70% of American adults think that their income has not kept up with inflation. The U.S. economy, however, received a very low rating from 65% of respondents. 58% of the respondents said that it is growing worse.
The majority of Americans are unhappy with how Biden has managed the economy. His overall approval rating for the economy is a pitiful 34%.
People such as former House Speaker Nancy Pelosi (D-CA) have recently claimed that the American people are just unaware of how much Biden has done for them during his time as president.
Pelosi remarked of Biden’s purported successes, “It has to be messaged.” She said, “He just needs to get out there. As speaker, I can attest to the fact that becoming president is a busy job. You’re doing your job, but he simply needs to take steps to make sure the American people understand what this means for them at the dinner table.”
Of course, the majority of Americans are aware that their financial misery is real. In fact, it particularly affects them at the “kitchen table,” where they are constantly reminded that the price of their food continues rising.
In terms of putting his message “out there,” just 41% of American people are aware of Bidenomics. According to CBS, of the people who have, 50% claimed “higher inflation” is what comes to mind whenever they hear the phrase, while 49% said “tax increases” came to mind.
It’s hard to see how Biden can shake the bad connotation attached to Bidenomics given that his economic strategy focuses mostly on government spending, which causes inflation, and increases taxes.
The president has been working to better communicate his views to the American people over the past few weeks.
For instance, Biden highlighted how his initiatives have benefited Maine manufacturing.
“Folks, that’s Bidenomics,” he said to the audience. “It’s about boosting the middle class, expanding the economy, and rebuilding America.”
However, according to figures cited by CBS News, Maine lost 0.5 percent of its manufacturing employment between June 2022 and June 2023.
In other words, Biden is free to label the economy how he pleases, but the facts back this up. All of us are “struggling” with Bidenomics.