• Fri. Feb 23rd, 2024

Economic Uncertainty: President Biden’s Approval for Handling the U.S. Economy Lags Behind Former President Trump, Despite Historically Low Unemployment and a Booming Stock Market”.

ByEditor

Feb 12, 2024
Poll shows Trump with an 11-point lead over Biden on economy

A recent poll by The Financial Times shows that former President Trump has a significant lead over President Biden when it comes to handling the economy. In the poll, 42 percent of respondents said that Trump would be the best steward for the U.S. economy, compared to 31 percent who chose Biden. The remainder were undecided or said neither candidate.

Despite being presiding over historically low unemployment and a booming stock market, Biden has not fully convinced voters of his economic stewardship. According to the Financial Times poll, while there was a rise in sentiment on the economy, with 27 percent of respondents saying that the U.S. economy is “excellent” or “good,” up from 21 percent in a poll four months ago, Biden’s approval on the economy remains at 36 percent, which is the same as in November.

The Trump campaign continues to hit Biden over inflation, pointing out that consumer prices rose by 3.4 percent between January 2022 and 2023. Meanwhile, the Biden administration seeks to sell its story on the economy, with Treasury Secretary Janet Yellen last week boasting about the “historic recovery” of the U.S. economy under the Biden administration, citing strong GDP growth and declining inflation.

Overall, this poll highlights how complex voter sentiment can be regarding both candidates and their approaches to handling the U.S. economy

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