In recent weeks, President Joe Biden talked about gas prices coming down (when they are still a third higher than when he took office), inflation being under control (when it’s still at the highest level in 40 years), and the job market seeing explosive growth (when the Federal Reserve just revealed the administration’s second-quarter estimate was over by 1 million jobs).
And it seems Americans are not buying the White House’s happy talk on the economy.
The Wall Street Journal released a new poll that showed Americans think by a 2-1 margin that the economy will get worse over the next year.
The poll surveyed 1,500 Americans, 57% of whom said they were moderate or liberal, while 45% were Biden voters, during the first week of December.
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By a 52-25 margin, respondents said the economy will get worse. Another 18 percent said it would remain the same, which is not exactly a vote of confidence.
Related to that, 66% said the country is headed in the wrong direction, 65% said the national economy is headed in the wrong direction, and 67% graded the economy as “poor” or “not so good.”
Only 32% said the economy is in “good” or “excellent” shape.
Meanwhile, only 8% said they were not concerned about the cost of living continuing to increase.
The number of those who responded that the economy is in poor condition was eight points higher than in November 2021 and seven points higher than in March — which was months before Biden began trumpeting how good things look.