The US economy is difficult, President Biden’s confidence drops to a record

NBC News channel in a poll on a series of problems facing the United States, the approval rating of President Biden’s administration has dropped to 39%, the lowest figure ever.

According to NBC News, President Biden’s approval rating since September 2021 has fluctuated between 40% and 43%. However, support for the policies of the White House in recent times has continuously declined compared to the beginning of the term.

56% of respondents said they were dissatisfied with the Biden administration’s policies in general. The majority of those interviewed (about 75%) said “the country is going in the wrong direction.”

Meanwhile, Biden’s pandemic response received the support of 59% of Americans, but his economic policies and curbing inflation received only 33% and 23% approval, respectively. asked. Regarding Ukraine, only about 41% of respondents expressed satisfaction with current policies.

62% of respondents say their family income is falling relative to the cost of living, 28% say it remains in balance and the remaining 6% say their income is growing faster than the cost of living .

President Biden’s current poll numbers are roughly the same as those of his predecessor, former President Donald Trump, at about the same time in his term, according to an earlier poll conducted by Monmouth University.

The poll data came amid rising inflation in the US, caused in large part by supply chain difficulties, which the Biden administration attributed in part to the situation in Ukraine and the post-pandemic recovery. COVID-19 did not go as expected.

According to Sputnik, the Biden administration does not want to accept responsibility for the bad economic situation in the US right now and blames it all on the crisis in Ukraine and COVID-19.

Inflation in the US is currently around 8.5%, although some economists say that number could double. The US Federal Reserve’s (FED) 50 basis point increase was the highest in more than 20 years, with the central bank saying it would continue to tighten monetary policy through 2023 if necessary to bring inflation down. bounce back to 2% target.