‘Bidenomics’ Is a Tough Sell for the White House – By Michael Rainey (The Fiscal Times) / July 19, 2023
With inflation falling and households finally seeing rising incomes in real terms, the U.S. economy continues to chug along, much to the surprise of those economists who for months have been predicting that a recession is just around the corner. The generally upbeat news, however, does not appear to be helping President Joe Biden much as he tries to sell his economic program, dubbed “Bidenomics,” to American voters.
In a poll conducted from July 12 to 17 by Monmouth University, just 34% of respondents said they approve of Biden’s handling of inflation, while 62% said they disapprove. Biden isn’t receiving much credit for his efforts to boost U.S. infrastructure, either, which include subsidies for clean energy and electric vehicle producers. Just 43% said they approve of how he has handled transportation and energy infrastructure, while 51% said they disapprove.
Biden did a bit better on his handling of jobs and employment, with a 47% approval rate, but even there, slightly more (48%) said they disapprove.
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