Only 14% of US voters believe their financial situation improved under President Biden's economic policies. About 70% think these policies harmed the economy, with 33% stating significant harm. Inflation remains a concern, impacting consumer sentiment for three consecutive months. Biden's approval on economic management is at 30%, raising doubts about "Bidenomics." Young voters, initially targeted, now perceive Biden negatively.
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#Biden #Bidenomics #US #USnews #Bidenapproval #America #Global #Worldnews #OneIndia #OneIndianews
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NewsTranscript
00:00 Americans do not seem to be appreciating the economic policies of the Biden administration,
00:05 according to a recent survey conducted by a well-known financial news publication in
00:10 the United States.
00:12 According to a recent poll, just 14 percent of U.S. voters think that their financial
00:16 situation has improved since Joe Biden took office.
00:20 This is just one more indication that the president's poor financial performance may
00:24 hurt his chances of being re-elected.
00:27 Nearly 70 percent of the respondents to a survey by the University of Michigan's Ross
00:32 School of Business said that President Biden's economic policies had either harmed the U.S.
00:38 economy or had no effect at all.
00:40 Of those, 33 percent said they thought the president's policies had hurt the economy
00:45 a lot.
00:46 Nearly 26 percent claimed that his policies have been beneficial.
00:51 The poll shows that inflation continues to cloud the Biden campaign's efforts to convince
00:55 voters of Bidenomics, the president's strategy to rejuvenate the country's industrial sector
01:01 and reverse years of middle-class wage stagnation.
01:05 Consumer sentiment has declined for three months in a row, indicating that Americans
01:09 are still irate about the large price increase.
01:12 The voters' approval for Biden's economic management is just 30 percent, the lowest
01:17 since he took office.
01:19 There seems to be a growing gap between the public perception of the economy and its growth,
01:23 which is continuing in the run-up of the presidential election of next year.
01:27 Additionally, even though the White House may press its policies are encouraging business
01:31 investments and job creation, they are also turning out to be a major liability.
01:36 Despite initially using the term "Bidenomics" to appeal young voters, President Biden now
01:41 faces discontent from the very same demographic.
01:45 American media reports that more young people view Biden as a contributor to the nation's
01:49 problem.
01:50 They express a more negative outlook compared to seniors and prioritize concerns about the
01:54 cost of living, closely followed by economy and jobs.
01:58 To secure his victory in 2024, Biden must consider a reset of his economic approach,
02:03 as failure to address such a disillusionment surrounding Bidenomics could jeopardize his
02:08 chances of retaining the presidential seat in the upcoming elections.
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