Americans’ confidence in President Joe Biden to make sound economic recommendations or take the appropriate actions is at its lowest level since 2001, according to a new poll from Gallup.
A relatively smaller proportion of U.S. adults (46%) express “a fair amount” or “a great deal” confidence in Trump’s ability to advise or implement the best course of action for the economy, in contrast to Biden (38%) and Republican (36%) leaders in Congress, and Powell (39%) and Biden (38%) respectively.
The Gallup Economy and Personal Finance survey was conducted from April 1-22 and yielded these results.
The most recent Consumer Price Index data, which was released by the Bureau of Labor Statistics during the survey’s field period, indicate that inflation continues to be persistently high, albeit falling short of the four-decade peaks observed in 2022.
The present economic confidence assessments of congressional leaders from both parties are statistically comparable to those of the previous year, albeit significantly lower than the respective historical averages.
The latest confidence rating for democratic leadership, 38%, is below the average of 46% since 2001 and is in close proximity to the all-time low of 34% marked in 2023.
The most recent 36% rating for Republican leadership is considerably higher than the group’s 2014 nadir of 24%, but considerably lower than the historical mean of 43%.
Majority confidence ratings were last attained by Democratic and Republican congressional leaders in 2009 and 2003, respectively.
A substantial majority of Republicans (86%), who support Biden, hold the same opinion regarding the economic acumen of their party’s presumptive presidential nominee, Trump.
A greater proportion of Democrats (80%) than Republicans (67%), expressing confidence in their party’s congressional leaders, do so. Democrats (56%) are additionally more assured in Powell’s management of the economy compared to Republicans (30%).
Few members of either party have faith in the presidential candidate or congressional leaders of the opposing party.
Approximately one-third of independents express confidence in Biden, Powell, and the congressional leaders of both parties. Independents’ confidence in Trump increases by 45%.
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He only cares about the crime family economy!