As President Joe Biden prepares to step down from the Oval Office in the coming days, new survey data shows that while a majority of Americans have a negative outlook on the economy from his administration, , it became clear that others expect President-elect Donald Trump to do a good job in the Oval Office. his second presidency.
According to FOX News, more than half of Americans (52%) say the Biden-Harris administration has made the economy worse. investigation Published on Thursday. The poll found that 89% of voters said they were “very” or “extremely” concerned about inflation, up from 83% in 2021, when inflation hit early in the president's tenure. climbed 7% by December.
Meanwhile, CNN public opinion poll Additionally, 56% of Americans say they believe the U.S. economic situation will be “very” or “somewhat” better in one year, and 52% say they believe it will be “somewhat” better in four years, according to the survey results released Thursday. answered that America's economic situation would improve. Fifty-six percent of those surveyed said they believed the president-elect would do a good job in his second term, increasing their optimism about the economy. (Related article: “One-sided loyalty”: The relationship between Harris and Biden is reportedly in turmoil due to her departure from the administration)
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Since Biden took office as president in January 2021, Americans have been battling persistently high inflation. Under the Biden administration, inflation peaked at about 9.1% in June 2022. Biden currently plans to leave office with inflation still above the Federal Reserve's 2% target range. $711 billion federal government deficit First quarter of fiscal year 2025 and national debt As of Wednesday, it reached $36.17 trillion.
The economy has repeatedly ranked as the most important issue for voters ahead of the November 2024 presidential election. While many U.S. businesses continue to grapple with financial stress due to rising prices under President Biden's administration, small business optimism has recently reached a six-year high following Trump's landslide election victory. It has risen to a standard.
CNN public opinion poll Biden's approval rating is at the lowest level of his term, with just 36% of American adults saying they approve of his handling of the presidency, according to a poll released Wednesday. President Trump is scheduled to return to the White House on January 20th.
Spokespeople for the White House and the Trump-Vance transition team did not immediately respond to requests for comment from the Daily Caller News Foundation.
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