• Tue. Mar 5th, 2024

Economic Stewardship: Biden vs. Trump in the Eyes of American Voters

ByEditor

Feb 12, 2024
Poll shows Trump with an 11-point lead over Biden on economy

A recent poll by The Financial Times shows a slim lead for President Biden over former President Trump when it comes to handling the economy. The poll asked respondents who they thought would be the best steward for the US economy, and 42% said Trump, compared to 31% who chose Biden. The remaining percentage was either undecided or didn’t choose a candidate.

Biden is currently presiding over historically low unemployment and a booming stock market, but he has not fully convinced voters of his economic stewardship. Despite this, there has been a rise in sentiment about the US economy, with 27% of respondents saying it is “excellent” or “good,” up from 21% in a poll four months ago. Similarly, 47% of respondents said they can comfortably pay their expenses, up three percent from November. However, Biden’s approval rating on the economy remains at 36%, which is the same as in the November survey.

The Trump campaign continues to criticize Biden’s handling of the economy, particularly regarding inflation. Consumer prices rose by 3.4% between January 2022 and January 2023, which Trump’s campaign highlights as evidence of Biden’s economic mismanagement. Meanwhile, the Biden administration has sought to promote its own economic achievements, with Treasury Secretary Janet Yellen boasting about the “historic recovery” of the US economy under the Biden administration, citing strong GDP growth and declining inflation.

Overall, the poll suggests that voter sentiment regarding both candidates and their approaches to the US economy are complex and multifaceted.

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