Biden\’s approval rating drops! Rising inflation keeps U.S. voters from seeing economic improvement

The recent rise in U.S. inflation appears to be reversing voter support for President Joe Biden, with 80% of respondents citing high prices as one of the biggest financial challenges, according to new polls.

The latest poll shows that the recent trend of rising inflation in the United States appears to have reversed voters\’ support for President Biden at 80%, with respondents citing high prices as one of the biggest financial challenges.
The Financial Times reported on Sunday (12th) that a poll conducted by the Financial Times and the Ross School of Business at the University of Michigan showed that 58% of respondents were dissatisfied with Biden\’s economic policies, an increase from 55% last month. 40% of respondents are satisfied.
Only 28% of respondents believe that Biden’s administration will be good for the economy, which is also a decrease of 4 percentage points from the previous month.
Biden\’s approval rating on the economy, which rose slightly in April, has fallen back to levels that have frustrated White House officials.
The survey was conducted from May 2 to 6.
Recent U.S. price data suggest inflation may be more stubborn than expected at the start of the year.
In addition to inflation, 49% of respondents are worried that their income ratio is higher than 45% last month; 32% of respondents are worried that housing costs are also higher than 27% in April.
The poll also found that 51% of respondents believe their financial situation has worsened since Biden was elected president.
In terms of foreign policy, the poll also reflects part of the reason for Biden\’s decline in support.
A record 47% of respondents said the U.S. provides too much military and financial aid to Israel and a record 50% said too much is being spent on aid to Ukraine.

Like (0)
Previous May 14, 2024 9:41 am
Next May 14, 2024 9:41 am

Related posts

  • Toyota earns 5 trillion yen but predicts profit will shrink by 20% this year due to increased investment in electric vehicles and AI

    Japanese automobile giant Toyota announced its impressive quarterly financial results on Wednesday. The performance in the fourth quarter of fiscal year 2023 ended in March was better than expected, and the full-year profit and revenue reached a record high, with full-year profit of 5.35 trillion days. It is the first time that a Japanese company has exceeded 5 trillion yen. However, revenue in the 2024 fiscal year ending in March 2025 is expected to decline by 20% to 4.3 trillion yen, mainly because in order to strengthen technological innovation and maintain market competitiveness, the car manufacturer Actively invest in transformation.

  • SoftBank is rumored to be planning to acquire British AI chip company Graphcore

    Bloomberg reported on Wednesday (8th), citing people familiar with the matter, that SoftBank was in talks to acquire Graphcore Ltd., a troubled British semiconductor startup, which had once valued it at US$2.8 billion.

  • Intraday quick report-TradeDesk Inc-ClassA (TTD-US) rose 4.85% to US$94.63

    Trade Desk Inc – Class A (TTD-US) stock price rose by US$4.38 to US$94.63 at 21:45 on the 16th, Taipei time, an increase of 4.85%, with a trading volume of 2,262,874 (shares). The highest intraday price was US$94.96 and the lowest price was US$90.01. .

  • Mainland stock volume shrunk, real estate stocks bucked the trend and rose due to two major bullish news in the market.

    China\’s Shanghai and Shenzhen stock markets closed down more than 0.8% today (15th). While volume continued to shrink, real estate stocks bucked the trend and rose. Everbright Jiabao (600622-CN) and Tiandiyuan (600665-CN) , Yunnan Urban Investment (600239-CN) and other daily limits closed. I Love My Home, China Merchants Shekou, CCCC Real Estate, Binjiang Group, Poly Development, Special Development Services, Tianbao Infrastructure, Nanguo Real Estate, Daming City, etc. also rose by more than 5%. , mainly because of two major bullish news. One is that the relevant authorities are considering allowing local governments across the country to purchase unsold housing stock, and the other is that if the European Central Bank (ECB) cuts interest rates as scheduled, China may also cut interest rates next month.

  • Buffett holds cash to set new record

    arts. Hong Baoshan\’s annual Berkshire shareholders meeting is a time for shareholders to pay tribute to Buffett. Berkshire owns domestic businesses in many different industries such as railroads, insurance, energy, industrial and consumer goods, and also holds a stock market investment portfolio of approximately US$360 billion. Berkshire Hathaway\’s earnings report provides another window into the U.S. economy.Buffett said that the three companies are the best companies. He reduced his holdings in Apple only because of the tax burden and had nothing to do with fundamentals. This year, there would be no Charlie. Munger\’s first Berkshire shareholder meeting was also the sixtieth time Buffett participated in a lengthy question-and-answer period.Everyone wants to find future investment opportunities from the movements of Berkshire Hathaway. In the first three months of this year, nearly US$20 billion worth of stocks were sold while buying US$2.7 billion. In particular, in the fourth quarter of last year, it reduced its holdings of approximately 10 million Apple shares. Accounting for 1% of his shareholding, in the first quarter of this year, he once again cut his Apple shareholding…

  • Strategist: Fed officials seem to have \’no idea\’ about U.S. inflation

    Julian Howard, investment director at GAM Multi-Asset Solutions, said Fed officials seemed to have \”no idea\” of U.S. inflation.