A shocking new poll finds that President Joe Biden’s approval rating has fallen so low he is among the least-liked in the history of the country.
With the country in the throes of a major inflationary cycle and perhaps on the cusp of a recession, new data collected by polling firm Civiqs, Biden’s job approval has tanked to a shocking 32 percent this month, down from a nearly-as-bad 34 percent last month. The new approval rating — less than one-third of Americans — is Biden’s lowest since he took office and among the worst showing for a U.S. president in modern history.
“A whopping 57 percent of respondents said they do not approve of Biden’s job performance,” One America News reported, citing the polling data.
“In addition to this, the president’s net approval ratings are now negative in 48 states, which is up from 47 states last month with the exception of Hawaii and Vermont. Biden now has a national net approval rating of -25 and most respondents are concerned about his poor handling of the economy,” the outlet added.
New / poll: Many Democrats feel disappointed with President Biden.
Percent of Ds who agree: “When President Biden took office, I thought he was going to do more to help people like me.”
Democrats, total: 44%
Democrats, age 18-34: 62%— Civiqs
Meanwhile, administration officials as well as the president are continuing to discount reports suggesting a recession is either here or looming.
Asked on the sand near his vacation home in Rehoboth Beach, Del., about economic experts “saying a recession is more likely than ever,” Biden barked on Saturday: “Not — the majority of them aren’t saying that. Come on, don’t make things up, OK?
“Now you sound like a Republican politician,” the president complained before realizing how he came off and insisting, “I’m joking. That was a joke,” the New York Post .
“But all kidding aside, no, I don’t think it is [inevitable],” Biden said. “I was talking to [former Treasury Secretary] Larry Summers this morning and there’s nothing inevitable about a recession.”
Other economists disagree, however, including Stephen Moore, who tweeted that the country has already entered a recessionary period.
“The recession is here:
-The stock market sold off
-Almost NO small business confidence
-Zero GDP Growth
-Inflation at 8 to 10 percent
Brace for impact!”
The recession is here:
-The stock market sold off
-Almost NO small business confidence
-Zero GDP Growth
-Inflation at 8 to 10 percentBrace for impact!
— Stephen Moore
And Americans are obviously concerned about a recession; Business Insider reports that they are searching that term more on Google now than at any time during the past 18 years.
Speaking to the Associated Press last week, Biden said the economy wouldn’t necessarily fall into recession, even as growth slows and inflation remains strong.
“First of all, it’s not inevitable,” he said. “Secondly, we’re in a stronger position than any nation in the world to overcome this inflation.”
But, according to Business Insider:
Such gloom is reflected in consumer sentiment over the US economy as high gas, food, and home prices hurt Americans’ wallets. Gas prices have soared to record highs as sanctions on Russia limit supply, with the current average national gas price rocketing above $5 per gallon, according to the American Automobile Association.
Consumer confidence has fallen to an all-time low. The University of Michigan consumer sentiment index hit a record lows of 50.2 in June, as a deteriorating economy, rising costs and concern about personal finances hit home. Economic slowdown is front of mind for millions of Americans. Google Trends data showing more people in the US have been looking up the word “recession” this week than at any time since 2004.
Economists at Bank Of America also believe a recession is likely.
“We see roughly a 40% chance of a recession next year. Our worst fears around the Fed have been confirmed: they fell way behind the curve and are now playing a dangerous game of catch up. We look for GDP growth to slow to almost zero, inflation to settle at around 3% and the Fed to hike rates above 4%,” the bank’s economists wrote.
Persistently high gas and food prices look to be the norm in the coming months, which is likely to further impact Biden’s approval rating as it continues the downward slide that began nearly a year ago.