Public perception of the economy is at its lowest since 2008, with 69% saying it is ‘getting worse’

Public perception of the economy at lowest since 2008: More Americans say they trust the GOP to handle issues that affect their pockets, new poll finds

  • New poll shows nearly 7 in 10 Americans think the economy is ‘getting worse’
  • Just 12% say it’s ‘getting better’ under Joe Biden’s leadership
  • In 2008, the same poll found that 83% thought the economy was getting worse
  • Biden has 37% overall approval of his handling of the economy – the lowest point in the poll since taking office last year

Americans’ perception of the economy has hit the lowest point since the 2008 crash in a new poll showing the Republican Party is more reliable in handling these kitchen table issues.

In an ABC News/Ipsos poll released Sunday, 69% of Americans say the country’s economy is “getting worse,” while just 12% say it is “getting better” under President Joe Biden.

In 2008, the same polling service found that 83% of respondents thought the economy was getting worse.

When it comes to niche economic issues like taxes, inflation and gas prices, Americans say they trust Republicans to handle the issues more than Democrats – the current party in power.

More than a third of respondents say they trust the GOP to manage the economy as a whole, compared with 25% who say they trust Democrats more to fix the problem.

New poll shows nearly 7 in 10 Americans think economy is ‘worse’, with just 12% saying it’s ‘getting better’ under Joe Biden’s leadership

While job recovery numbers are near pre-pandemic levels, gross domestic product growth was negative for the second straight quarter, according to figures released by the Commerce Department last month.

Two consecutive quarters of negative GDP growth is the traditional but unofficial definition of a recession.

When it comes to taxes, 31% of respondents said they trust Republicans more than Democrats, while only 25% of respondents felt the opposite.

When it comes to gas prices and inflation, 33% of respondents say Republicans are better equipped to handle problems, while 24% and 23% respectively say Democrats would handle problems better.

On nearly every issue except immigration, COVID-19 and gun violence, the majority of respondents say they don’t trust either side when it comes to tackling table issues. kitchen.

Biden specifically has 37% overall approval of his handling of the economy — the lowest point in the poll since he took office last year.

Biden specifically has 37% overall approval of his handling of the economy — the lowest point in the poll since he took office last year.

Biden specifically has 37% overall approval of his handling of the economy — the lowest point in the poll since he took office last year.

His approval rating remains steady on several issues, with the president underwater when it comes to most topics in addition to his response to the coronavirus pandemic.

The only issues where Biden’s approval rating has changed are on gas prices, rising to 34% from 27% in June. Prices per gallon are down an average of a dollar from where they were earlier this summer when the poll was taken.

This trend is true among those who indicate they are very excited about voting midterm in November. However, among about a third of all Americans and nearly half of self-declared independents, no party is trusted to do a good job, indicating that Democrats and Republicans have work to do to break through some public groups before November.

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