Indeed, the economy has steadily improved over the past year of Biden’s term in the White House.
The Conference Board said Tuesday that consumer confidence this month reached the highest level since January 2022. Unemployment stands near a historic low at 3.7%. The inflation that has plagued Biden’s presidency has fallen to 4% from a peak of 9.1% last June. But prices are still rising significantly faster than the Federal Reserve’s target of 2%, a worry for voters and a line of attack for Republican lawmakers and other presidential candidates.
By comparison, during the depths of the pandemic as unemployment spiked, Republicans approved by overwhelming numbers of then-President Donald Trump’s economic leadership. Only about 1 in 10 Republicans now approve of Biden overall or on the economy, a testament to the polarization that defines modern U.S. politics.Living in Lincoln, Nebraska, Husted said that she feels as though inflation is getting worse, especially with regard to utilities and housing.
“He’s doing the best he can, but he can’t do anything without Congress,” said Alice Banner, 86, a retired nurse from Baltimore County, Maryland.
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