Biden’s numbers on his handling of the economy even worse than his job approval numbers

By Dave Andrusko

President Biden’s seemingly inexorable downward slide is not confined to these job approval numbers. True, an average of minus 17.8% [38.6% approve, 56.4%  disapprove] in Real Clear Politics average is massive, although not as awful as Fox News which clocks him in at minus 19%.

But if James Carville’s “it’s the economy, stupid” still holds true, the President’s numbers are incredibly foreboding. The Real Clear Politics average on the President’s handling of the economy is a minus 30.4% . Only 32.8% approve of his handling of the economy versus 63.2%  disapproval.

Put another way, of the seven most recent surveys, the “high” is a negative 19%, the low is a negative 37%!  Steve Liesman explained CNBC’s All-American Economic Survey in this fashion:

With Americans feeling crushed beneath the weight of rising prices, Biden’s economic approval dropped 5 points from the prior survey in April to just 30%. The president’s economic record is supported by just 6% of Republicans, 25% of independents and 58% of Democrats, a very low number for his own party.

In comparison, President Donald Trump’s economic approval bottomed out at 41%, and President Barack Obama’s at 37%.

Steve Liesman’s three key points?

  • President Joe Biden’s overall and economic approval numbers dipped to the lowest levels of his presidency, according to CNBC’s All-America Survey.
  • His economic approval rating dropped 5 points from April’s survey to 30%, lower than the nadirs for President Donald Trump and President Barack Obama.
  • Americans are taking a variety of steps to contend with higher prices. Some 65% of those polled said they’re cutting back on entertainment. More than 4 in 10 are spending less on groceries.

Stay tuned.