Americans don’t have a great deal of confidence in President Biden’s ability to turn the economy around —they don’t trust his staff, either.
According to a recently released Gallup poll and reported by The Washington Examiner, 35% of respondents have confidence in Biden “to do or to recommend the right thing for the economy.” Some 64% don’t. For Treasury Secretary Janet Yellen, 37% have confidence in her, and 54% don’t. For Federal Reserve Chairman Jerome Powell, it’s 36% to 54%.
From The Washington Examiner:
The confidence people have in Democratic congressional economic leaders is even lower, at 34%. Republicans rank the highest, but at just 38%, according to Gallup.
Biden has so far stiff-armed Republicans and House Speaker Kevin McCarthy (R-CA) in his demand for spending cuts in return for an increase in the debt ceiling. Yellen has warned that the cap may be hit on June 1, and on Tuesday, Biden, his economic team, and congressional leaders will hold their first meeting to work on a deal.
Biden and Yellen have set out a doomsday scenario if the spending cap isn’t raised. Republicans have said continued spending will feed inflation and create a recession.
Biden said he believes he is in good standing with voters on the economy, but the Gallup numbers pull that rug out from under him. Nearly half, 48%, have little faith he will do the right thing, according to Gallup.
“Nearly half of Americans say they have almost no confidence in Biden,” the analysis said.
Since announcing his re-election bid, Biden has been met with bad poll after bad poll on everything from his mental health to his failing economy.
More over at The Washington Examiner:
In a new @Gallup survey of economic leadership, @POTUS is at the bottom but his team is right there with him.
According to the just-released survey, 35% have confidence in Biden “to do or to recommend the right thing for the economy.” Some 64% don’t. https://t.co/0NObLpZXbj
— Washington Examiner (@dcexaminer) May 9, 2023