• Wed. Feb 21st, 2024

President Biden Loses Economic Lead to Trump in Poll Despite Strong Stock Market and Low Unemployment

ByEditor

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

A new poll released by The Financial Times shows that former President Trump has a large lead over current President Biden when it comes to handling the economy. In the survey, 42% of respondents said that Trump would be the best steward for the U.S. economy, compared to 31% who chose Biden. The remainder were undecided or said neither candidate.

Despite historically low unemployment and a booming stock market under his administration, President Biden has not fully convinced voters of his economic stewardship. According to the Financial Times poll, only 36% of respondents approve of Biden’s handling of the economy, which is the same as in a November survey. However, there has been an increase in positive sentiment about the U.S. economy, with 27% of respondents saying it is “excellent” or “good,” up from 21% in a poll four months ago. Additionally, 47% of respondents said they can “comfortably” pay their expenses, up three percent from November.

The Trump campaign has continued to criticize Biden on inflation, highlighting that consumer prices rose by 3.4% between January 2022 and January 2023. On the other hand, the Biden administration has tried to sell its story on the economy, with Treasury Secretary Janet Yellen boasting about the “historic recovery” of the U.S. economy under the Biden administration, citing strong GDP growth and declining inflation last week.

Overall, the poll highlights how voter sentiment regarding both candidates and their approaches to handling

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