President Biden’s claim to have built an economy “from the middle out and the top up” isn’t resonating with American voters, with more than twice as many saying they feel worse off than better off before the coronavirus pandemic, according to a new survey.
The CBS News/YouGov poll found just 20 percent of voters think they are “better off today” than they were when the pandemic struck, whereas 45 percent said they are “worse off today” and 35 percent said they are “about the same.”
Biden’s economic record, summarized by the president himself as ‘Bidenomics,’ is likely to be a key point of contention in the 2024 presidential election. Polling indicates Donald Trump has a firm lead with Republican voters against other prospective GOP candidates, potentially setting up a rematch of the 2020 election battle.
Since assuming the presidency, Biden has pursued an interventionalist economic strategy, starting with his decision to authorize the American Rescue Plan, a $1.9 trillion stimulus package intended to kickstart growth after the pandemic. He has also poured money into an attempt to revive U.S. manufacturing via legislation such as the 2022 Inflation Reduction Act which allowed $300 billion into funding for green energy.
Read more at Newsweek.com
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