Approval of President Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration tries to project a sense of stability while confronting a pair of bank failures and inflation that remains stubbornly high.
That’s according to a new poll by The Associated Press-NORC Center for Public Affairs Research, which shows there have been modest fluctuations in support for Biden over the past several months. The president notched an approval rating of 38% in the new poll, after 45% said they approved in February and 41% in January. His ratings hit their lowest point of his presidency last July, at 36%, as the full weight of rising gasoline, food and other costs began to hit U.S. households.
“We all got so used to cheap debt and the ability to throw money around,” Dwyer said. He said there were “pain points” caused by higher borrowing costs but that he thinks the process will “ultimately” lead to a healthier economy. Just 31% approve of Biden’s stewardship of the national economy, about where it’s been over the course of the last year. His handling of the nation’s economic fortunes has been a weak point at least since late 2021, when the inflation that the administration had suggested was transitory became a bigger pain point for businesses and families.
“We poured so much money into the system - that’s a little frustrating that we were shocked that we got hit by inflation when a lot of our policies were inflationary,” McComas said. Only about a quarter of Americans say the national economy is good or that the country is headed in the right direction, the poll shows. Those numbers have also fluctuated only slightly over the last few months.
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