A CBS News/YouGov poll found that 63% of voters believe the economy will do poorly under a Biden/Harris administration, while only 35% say it will do well.
The poll is significant because 82 percent of respondents said Vice President Kamala Harris’ policies are “exactly” or “mostly” the same as President Joe Biden’s, highlighting who voters want to hold accountable for the state of the economy.
“Bidenomics. Ha ha ha ha! That’s what’s called Bidenomics and we’re very proud of Bidenomics!” she said in August 2023, touting the administration’s massive spending package.
The poll asked respondents, “How do you rate the current state of the nation’s economy?”
- FiveerygGood 9%
- debtOneITRUE Good 26%
- debtOneIReally Bad 30%
- FiveerybAdvertising 33%
- noot sur2%
45% of voters believe Most people said their “personal finances” would improve if former President Donald Trump beat Harris in November, but only 25% said the same if Harris won.
Polls show Americans are skeptical of the Biden-Harris administration’s economic policies, during which prices across the board have risen by an average of about 20%. Popeyes, Taco Bell and Chipotle, for example, have raised prices by at least 75%, according to the Food Institute.
At least five times, Harris praised policies that contributed to higher costs.
poll sampling The poll was conducted among 3,102 voters between July 30 and Aug. 2, with a margin of error of 2.1 percentage points.
The drop underscores the extent of investor concern after economic data released last week showed rising unemployment and slower-than-expected job growth. A survey of manufacturing industries also showed a sharp decline in activity in the sector, which is often a bellwether of the economy.
The Labor Department said the economy added just 114,000 workers in July, well below the 180,000 expected. Surveys of executives known as purchasing managers by the Institute for Supply Management and S&P Global both showed factory activity contracted in the month.
The Dow Jones Industrial Average fell 2.3% after the open. The Nasdaq Composite Index plunged 4%. The S&P 500 dropped 3.1%. The Russell 2000 index of mid-cap companies dropped 5.1%.
“The Nasdaq has never fallen more than 1,000 points, even in a single day.”#KamalaCrush pic.twitter.com/iCXN83vOkQ
— RNC Research (@RNCResearch) August 5, 2024
Wendell Fsebo is a political reporter for Breitbart News and a former war room analyst for the Republican National Committee. He is the author of: The Politics of Slave MoralityFollow Wendell “Bat” @WendellHusebø or The truth of society @WendellHusebo.
