President Biden is trying to persuade voters they are better off under Bidenomics, but it’s proving to be a tough sell to skeptical voters despite a string of upbeat economic indicators.
is trying to persuade voters they are better off under Bidenomics, but it’s proving to be a tough sell to skeptical voters despite a string of upbeat economic indicators.
“A great number of voters are not better off now than they were four years ago,” said Alex Salter, an economics professor at Texas Tech University. “People aren’t stupid. They look at the goods and services they can afford and see it doesn’t go as far as it did.”became president, according to an ABC News/Washington Post poll released earlier this year.took office. That’s the highest percentage since ABC/Post began asking the question in 1986. Just 16% in the poll said they’re better off.
But the Federal Reserve raised its key interest rate Wednesday to 5.3%, its highest level since 2001. That will trigger an increase in the cost of mortgages, auto loans, credit cards and business borrowing. Tightening consumer credit typically slows economic growth.‘s poll numbers — especially when it comes to the economy — aren’t higher. Anton Seawright, a Democratic strategist, predicts the president’s poll numbers will rise once his economic agenda is more broadly implemented.
“Voters are frustrated because inflation is through the roof, and food and gas are more expensive. He’s trying to sell people on the idea that we are better off with him and we are not. The house is on fire and he’s going around saying it’s not,” he said.will make his case for Bidenomics in a speech in Maine, which has been battered by rising inflation.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Breitbart Business Digest: Biden and Republicans Pin Their Hopes for 2024 on BidenomicsRepublicans pinning their hopes for 2024 on Bidenomics being a flop should develop a backup plan.
Leer más »
President Biden, first lady express Hunter Biden 'support' after not guilty pleas, White House saysWhite House Press Secretary Karine Jean-Pierre says Hunter Biden still has “support' from his parents Wednesday following a “not guilty' plea at a federal courthouse in Delaware.
Leer más »
Restart of student loans clouds White House ‘Bidenomics’ pushTens of millions of households brace for student loan bills as Biden touts economy.
Leer más »
President Biden establishes Emmett Till National Monument at sites in Illinois, MississippiPresident Joe Biden established a national monument honoring civil rights icon Emmett Till and his mother Tuesday on what would have been his 82nd birthday.
Leer más »
LIVE: President Biden delivers remarks on expanding access to mental health carePresident Biden delivers remarks on expanding access to mental health care. The White House announced new proposed rules focused on bolstering mental health.
Leer más »
Judge blocks limits on asylum at US-Mexico border, gives President Biden time to appealA federal judge on Tuesday blocked a rule that allows immigration authorities to deny asylum to migrants who arrive at the U.S.-Mexico border without first applying online or seeking protection in a country they passed through.
Leer más »