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Things keep getting worse for Joe Biden as a new CNBC poll shows that many Americans do not approve of his handling of the economy.
Biden’s approval rating on the economy is lower than at any point under the Trump or Obama administrations.
Dropping another five points since April, CNBC found that only 30% of Americans approve of Biden’s handling of the economy.
51% of voters think Biden’s attempts to fight inflation have done nothing.
30% of voters think Biden’s efforts are making economic conditions even worse.
The poll surveyed 800 people between July 7 to 10.
Only 6% of people who identify as Republicans approve of Biden’s economic strategy. 58% of Democrats approved.
Gas prices have been dropping for 34 days straight, about 50 cents a gallon. That saves the average driver about $25 a month.
I know those extra dollars and cents mean something. It's breathing room. And we're not done working to get prices even lower.
— President Biden (@POTUS) July 18, 2022
More on this story via Daily Caller:
These ratings are lower than the worst economic ratings throughout Donald Trump and Barack Obama’s presidencies, which were 41% and 37% respectively, according to CNBC.
The economy appears to be affecting voters’ behavior too: 65% of respondents said they were trying to spend less on entertainment, 61% are driving less and 54% are cutting back on travel, the poll found. A third of the respondents were using credit cards more, the poll found.
Only 22% of respondents believed the economy would get better in the next year, while 52% thought it would get worse and six in ten said they expected a recession in the next 12 months.
The poll had a 3.5% margin of error.
The White House did not respond to the Daily Caller News Foundation’s request for comment.
