Joe Biden’s economic message is not working: poll

President Biden’s claim that he built a “middle-up” economy is not resonating with American voters, with more than twice as many saying they felt worse off than better before the coronavirus pandemic, according to a new survey. .

The CBS News/YouGov poll found that only 20 percent of voters think they are “in a better situation today” than they were when the pandemic hit, while 45 percent said that They were “worse off today” and 35 percent said they were “about the same.” “

Biden’s economic record, summarized by the president himself as “Bidennomics,” will likely be a key point of contention in the 2024 presidential election. Polls indicate Donald Trump has a solid lead with voters Republicans over other potential GOP candidates, which could pave the way for a rematch of the 2020 election battle.

Since becoming president, Biden has pursued an interventionist economic strategy, starting with his decision to authorize the American Rescue Plan, a $1.9 trillion stimulus package intended to revive growth after the pandemic. He also poured money into an attempt to revive U.S. manufacturing through legislation such as the Inflation Reduction Act of 2022, which authorized $300 billion to finance green energy.

Critics say the spending contributed to a rise in inflation, which reached more than 8% in 2022 before falling to 3.7% in August.

Defending his economic record on X, formerly Twitter, at the start of the week Biden commented: “We continue to build an economy from the middle and the bottom up, with better jobs and lower costs, even as Republicans in Congress push for tax cuts for the rich and big corporations and cuts devastating changes in Social Security and Medicare.”

He also has compared “Bidenomics” which “ensures the rich and big corporations pay their fair share of taxes” with Trump’s “Maganomics” meaning “more tax cuts for the rich and big corporations.”

The CBS/YouGov poll of 4,002 adult U.S. residents conducted between September 12 and 15 found that Trump is the preferred presidential candidate of 50% of Americans, compared to 49% for Biden.

If also found significant concerns about Biden’s fitness to serve, with 43 percent of respondents saying that of the two men, only Trump is “physically healthy enough to serve as president.” Another 29 percent said neither man was fit enough to serve, with 12 percent saying they both were and 16 percent saying only Biden was.

Only 34% of voters think Biden will serve a full second term if re-elected in November 2024, compared to 55% for Trump. In contrast, 44% think Biden would leave office early, and 16% say the same about the Republican frontrunner.

Meanwhile, besides Trump, he faces four criminal cases that could complicate any return to the White House. He faces charges related to allegations that he orchestrated the payment of hush money to a pornographic actress, mishandled classified documents and broke the law in attempting to overturn the 2020 presidential election on a massive scale. nationally and in the state of Georgia in particular. The former president has pleaded not guilty to all charges in all four cases and insists the charges against him are politically motivated.

The CBS News/YouGov poll has a margin of error of ±2.1 points.

News week contacted the White House for comment via email.