Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, according to a new CNN poll.
This consistent pessimism, coupled with a stagnant and negative approval rating for President Joe Biden, could portend challenges for his attempt to sell voters on the success of his domestic agenda as a part of his 2024 reelection bid. Biden’s overall approval rating stands at 41% in the new poll, about on par with where it’s been since the spring. His approval drops to 37% when Americans assess his handling of the economy and further still to 30% for his handling of inflation.
Among the full public, that very poor number currently stands at 34%, down from a Biden-era peak of 41% last summer but far higher than the 19% who felt that way at about the 100-day mark of his time in office. About half say the nation’s economy is still in a downturn and conditions are continuing to worsen, while only 20% say they see the economy as improving. Another 28% say the economy has stabilized and is neither worsening nor improving.
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