In terms of the economy, a new study shows that the Republican Party has the biggest lead ever over the Democrats.
The GOP has a 21-point advantage over the Democratic Party in a poll released by NBC News this week that asks people who they trust more to handle the economy. The poll has been going on since 1991, which is more than 30 years ago, and this is the biggest difference ever.
One thousand registered voters were asked to fill out the study. The results showed that 49% of Americans support Republican economic policies and 28% support Democratic ones. There is a 3.1% chance of error.
On problems like border security (50% for Republicans vs. 20% for Democrats), crime (46% vs. 20%), immigration (45% vs. 27%), and defending constitutional rights (43% vs. 35%), Republicans had leads that were bigger than the margin of error. When it came to education (30% to 40%), the coronavirus (26% to 37%), abortion (28% to 46%), and health care (22% to 45%), Democrats were far ahead.
The poll was done by two different people: Bill McInturff, a Republican pollster from Public Opinion Strategies, as well as Jeff Horwitt, a Democrat researcher from Hart Research.
“After 20 or 30 years, this poll shows that Republicans are doing better than Democrats when it comes to the economy, immigration, and crime,” McInturff told NBC News.
“There are also words like ‘protecting our constitutional rights’ as well as ‘protecting democracy’ that people might not expect. A lot of people think that Republicans are more focused on these issues and would do more to address them than Democrats,” he said.
The economic numbers show that Americans don’t believe the Biden administration’s rhetoric that the economy is doing well. The White House has worked hard to get people to support the president’s economic plans. They have even come up with the abbreviation “Bidenomics” to describe the president’s economic policies.
So far, it looks like the attempt has failed. A study from the Washington Post and ABC News that came out this week reveals that most Americans are not optimistic about the U.S. economy. About three-quarters of Americans say the economy is “not very good” or “poor,” while only a quarter say it’s “excellent” or “good.”
The Federal Reserve’s goal for inflation is still higher than 2%, and last month, Fed head Jerome Powell said that the board might not be done raising interest rates.
“Over the past year, we’ve made our rules a lot stricter. Inflation is still too high, even though it has gone down since its peak, which is good news,” Powell said. “We are ready to raise rates even more if necessary, and we plan to keep policy at a tight level until we are sure that inflation is falling steadily toward our goal.”