Prof. ST Hsieh
Director, US-China Energy Industry Forum
May 22, 2023
President Biden’s bid for re-election next year is very challenging, his overall approval rating has been consistently 40%. Worse, he received only 33% on the key issue of economy. Only”24% say national economic conditions are in good shape.”
There are many factors, some are not entirely Biden’s fault, that negatively impacted the US economy. For example, Biden “inherited” the global COVID-19 pandemic and Trump’s MAGA policy. But Biden’s challenge was that he “promised” the voters to improve the US economy when he was running for the Presidency. Now he is asking the voters to let him be the President for another four years because his “job is not finished!”
Specifically, Biden has not been running the US with a balanced bipartisan approach, the US is even more divided than ever under his administration. Take the case of addressing the issue of national debt ceiling, Biden has been hard noised and playing the game of chicken with GOP. Now Biden is ready to make some concessions at last with a deadline only about 10 days away. It has become an international spectacle! Biden had to cut short a major international tour to deal with a “unforced error.” The drama is still on with watchful eyes of the world! The global image of the USA is tarnished again…
Under Biden’s watch the Proxy War in Ukraine has no end in sight, even with massive supports from the US led west against Russia. This war has already caused a global economic slowdown, the US economy is hurting too. It is difficult to see how Biden would get his second term next year if the War in Ukraine were still going on.
Overall, the US has been losing ground globally under Biden, another four years of Biden is not good news. Unfortunately, as of now Trump is leading Biden in public opinion for the election next year…
Biden gets low ratings on economy, guns, immigration in AP-NORC Poll
AAMER MADHANI and EMILY SWANSON
Sun, May 21, 2023 at 9:04 PM PDT
WASHINGTON (AP) — As President Joe Biden embarks on his reelection campaign, just 33% of American adults say they approve of his handling of the economy and only 24% say national economic conditions are in good shape, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
Public approval of Biden’s handling of the economy remains low in a time of high inflation, a difficult housing market and concerns about a potential U.S. government debt default. American opinion is also gloomy about Biden’s efforts on gun policy and immigration, with only 31% saying they approve of the president’s performance on those hot button issues. Overall, 40% say they approve of the way Biden is doing his job, similar to where his approval rating has stood for much of the past year and a half.
Even among Democrats, the poll finds only about half approve of his handling of immigration and gun policy.
Biden returned late Sunday from a visit to Hiroshima, Japan, for the annual G7 summit where the global economic impact of Russia’s invasion in Ukraine was front-and-center.
The summit was shadowed by the Biden administration’s negotiations with Republican lawmakers to raise the U.S. borrowing authority to prevent a default in early June that could have severe impact on the global economy. Before departing for Japan, Biden canceled scheduled stops in Papua New Guinea and Australia so he could return to the U.S. to focus on the debt limit talks.
Biden underperforms on the economy even among Democrats: 61% approve of him on the issue, compared with 75% for his job overall. Democrats feel even more dour about the current condition of the nation’s economy, though they continue to be more likely than Republicans to say the country is headed in the right direction (36% vs. 7%) or to rate the economy as good (41% vs. 7%).
Some Democratic respondents who approve of the president’s performance said they felt flummoxed by life in post-pandemic America and what often seems like a total abandonment of bipartisanship in Washington.
The poll of 1,680 adults was conducted May 11-15 using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 3.4 percentage points.
Just 24 percent in new poll say national economic conditions are in good shape