The bottom continues to fall out of Joe Biden’s presidency, according to a new survey showing him with a record-low approval rating.
Within an hour and a half of trading opening on Monday, the Dow Jones Industrial Average fell over 2.5%, the S&P 500 fell over 3.5%, and the Nasdaq fell nearly 4% — or roughly where the indices were when Biden was inaugurated in January 2021.
“Markets around the world tumbled, as higher-than-expected inflation and lower-than-expected economic growth upend the outlook for interest rates and corporate profits,” The New York Times reported. “Stocks in Asia and Europe fell, investors dumped government bonds, oil prices slipped and cryptocurrencies crashed.”
The Daily Wire adds:
Headlining the bad news in the United States is runaway inflation, which hit 8.6% last month for a fresh four-decade high. Even as wages nominally grew between May 2021 and May 2022, real wages dropped by 3% due to the faster rate of inflation. High energy prices continue to plague American consumers as prices at the pump reached a national average of $5 per gallon.
Last week on Wall Street was also marked by investors jettisoning their assets. The Dow had fallen 2.73%, the Nasdaq had dropped 3.52%, and the S&P 500 had fallen 2.91% by Friday afternoon.
All of which has taken a heavy toll on Biden: Rasmussen Reports shows him at just 38 percent approval, which ties his record low in this specific poll.
His disapproval rating is now at 60 percent.
Meanwhile, Rasmussen also shows that 74 percent believe the country is on the wrong track, while only 21 percent say it is on the right track.
Breitbart News notes further:
According to FiveThirtyEight, at this point in his first term, other than Gerald Ford (who was not elected and who pardoned Richard Nixon), Joe Biden is the most unpopular president in the history of modern polling.
On this same day in his term, former President Trump’s overall average approval rating was 41.5 percent. Biden currently sits at just a 40.2 percent overall average. When you realize that Trump was facing billions of dollars in corporate media-generated lies against him (Russia Collusion Hoax, etc.) while Biden enjoys billions of dollars in corporate media protection, those numbers are even more striking.
Over at RealClearPolitics, Biden’s job approval average has cratered to just 39.4 percent, his lowest yet in this measurement. His average disapproval rating is 54.9 percent, just a few notches away from his record low of 55.3 percent. It should be mentioned that these latest numbers from Rasmussen have not been factored into the RealClearPolitics average.
“This is all Biden’s fault. He shut down the oil pipelines. He killed drilling permits. He ended gas and oil leases. He inherited a country that was energy independent and chose to reverse that. And now he wants to blame Putin,” Breitbart’s John Nolte adds.
“As I write this, my wife and I are on the road, and the effect of seeing and paying these gas prices is in equal parts demoralizing and infuriating. Why these prices are demoralizing should be obvious. The infuriating part comes from the fact that Biden is deliberately doing this. Gas prices are this high because Biden wants them this high. Period,” he noted further.