Tipsheet
Premium

Americans Register Brutal Rejection of 'Bidenomics'

"The Bidenomics brand leaves nearly everyone — including Biden — baffled." That was a recent headline on a story from NBC News quoting a Pennsylvania focus group participant as saying Bidenomics is a "jumbled mess" that is "really hard to explain."

That Pennsylvanian isn't alone. Even Joe Biden, as the NBC News piece reminds, said "I don’t know what the hell that is" of his eponymous economic agenda. 

While neither Biden nor voters may be sure what "Bidenomics" is, Americans are increasingly and brutally rejecting its consequences. 

According to a survey from The New York Times and Siena College, 81 percent of Americans believe that the state of the U.S. economy under Biden is "fair" or "poor" while 19 percent say it's "excellent" or "good."

Another poll from CBS News and YouGov found that just 18 percent of Americans think they will be "better off" financially if Biden wins re-election next November compared to 45 percent who said they'd be better off if Trump wins. Unsurprisingly, nearly three-in-four Americans surveyed in the same poll said things are "going badly in America" under Biden's supposed leadership. What's more, 42 percent of Americans said they are financially "worse off" than they were before the COVID-19 pandemic — another sign that Biden's 2020 promise to "build back better" has failed. 

Then there's an ABC News/Ipsos survey showing 76 percent of Americans believe the country is "headed in the wrong direction." Among those surveyed, the economy and inflation in particular were top-of-mind for voters: 74 percent of Americans say the economy is very important while 69 percent said inflation is very important. On these important issues for voters, "Bidenomics" had failed to win them over or convince them that Biden and Democrats are best equipped to handle the economy. Republicans, according to the ABC News/Ipsos poll have a 10-point lead over the Democrats when it comes to handling the economy (35 percent to 25 percent) an an even bigger spread when it comes to handling inflation (35 percent to 21 percent). 

It appears that "Bidenflation" has stuck with American voters more than "Bidenomics," with a growing number of Americans rejecting Biden's economy policy along with hope that Democrats could turn things around if they retain power after 2024.