Biden takes another Heavy Blow in Economy Poll as Gas Prices Soar

According to a majority of Americans, they don’t blame U.S. Pres. Joe Biden for the rising gas prices, but they still have his economic leadership low grade amid growing fears of inflation and a deep pessimism when it comes to the economy’s conditions.

Around 7 in 10 Americans believe the U.S. economy is in bad shape while almost two-thirds disapprove of the president’s handling of the economy, as per a new pill from The Associated Press-NORC Center for Public Affairs Research. Additionally, Americans are more likely to say that Biden’s policies have affected the economy negatively.

Although less than half of them say that the spike in gas prices is not Biden’s fault, which shows how the country is taking in Russian Pres. Vladimir Putin’s invasion of Ukraine and the surge in oil prices that it resulted in.

The survey shows what seems to be a paradox in which the public thinks Biden is in power without necessarily being in control. The president’s hope for a lasting economic renaissance is gone as U.S. residents cope with surging food and energy prices. Also, the promise of the U.S. no longer being gravely affected by the pandemic has been replaced by the uncertainty of the war going on in Europe.

Overall, 65% of Americans disapprove of the way Biden handles the U.S. Economy, which includes 96% Republicans and 36% Democrats. This figure is up compared to the 57% in December and 47% in July last year.
Meanwhile, 68% feel very concerned regarding the price of gasoline while 59% feel the same degree of concern with rising grocer prices.

A lot of people also believe that the surge in prices is a result of geopolitics. According to 55% of poll respondents, the U.S’s bigger priority is to effectively sanction Russia instead of limiting the damage the war is causing the U.S.

In the government’s way of measuring inflation, Shelters is the main expenditure. However, only 40% of Americans feel very concerned about the higher-than-usual housing costs gravely impacting their finances. Meanwhile, only 24% feel somewhat concerned.

Additionally, 53% of Americans have said they feel very concerned about surging prices of other goods and services.

Majority Believes Surging Gas Prices Are Out of Biden's Control

Overall, Americans are more likely to admit that the higher-than-usual price of gasoline has been caused by factors that Biden is not in control of instead of the president’s policies (55% to 44%).

Nevertheless, more people believed his policies are doing damage to the economy instead of helping it (48% to 24%). Meanwhile, another 28% stated that they haven’t made much difference. This comes after the president had steered a $1.9 trillion COVID-19 relief package and an infrastructure package worth $1 trillion through Congress, but his agenda regarding economic equity and clean energy had been stalled in Congress last December.

According to 88% of Biden’s party-mates, the surging gas prices are not within his control, while 79% of Republicans blame his policies for it. Most Republicans also say Biden’s policies hurt the economy, but Democrats (45%) believe they’re helping while 39% think they’re not making that much of a difference at all

The AP-NORC poll had 1,082 adult respondents and was conducted between March 17-21 using a sample taken from NORC’s probability-based AmeriSpeak Panel, which was made with the intention of being the representative of the entire U.S. Population. It has a margin of sampling error for all respondents is plus or minus 4.0 percentage points.

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