Most Americans strongly disapprove the Joe Biden administration handling of the Economy and Political sphere, and this trend is actually accelerating rather than slowing down.
Multiple surveys, including a recent one conducted by the Associated Press-NORC Center for Public Affairs Research, demonstrate this.
62% of those surveyed disapprove of the White House’s work, according to this poll, which provides Biden with better numbers than other surveys conducted at the end of February.
His administration attempts to project a sense of stability despite bank failures and persistent inflation, caused by his misguided economic platform of climate change, excessive spending and unprofitable investments, international aid, and the war that was launched from the start against US oil companies, which drove up the price of fuels well before the war in Ukraine.
His animosity towards the fossil fuel industry had to subside after the 2022 price hike, which lowered his popularity to an all-time low and prompted criticism from Democratic Party lawmakers.
Ukraine has been the biggest political disaster for the U.S. Government, which has already spent over $1.4 billion on the so-called “Grain Basket of the World” war without any tangible results, while Russia has just signed an energy agreement with China for gas and oil, which also gives the go-ahead for a massive gas pipeline from Siberia to China.
Biden’s policies are sinking the country
The Federal Reserve continues to raise interest rates in an effort to contain domestic inflation.
On Wednesday, the US Central Bank set the benchmark interest rate at 5%, a level not seen since the 1980s.
In addition to the recent intervention following the failure of three banks, two of which were devoted to the technology and cryptocurrency sector (Silicon Valley Bank and Signature Bank), and a fourth (First Republic Bank) that had to be rescued by eleven other financial institutions with $30 billion, the markets have not yet achieved stability.
In contrast to his call for bipartisanship, the tension and partisan conflict at the Capitol have lasted two years with extreme intensity, and the first bill that the Republicans managed to pass in both chambers was vetoed by Vice President Joe Biden and to the promise of unity made during his election campaign.
The Republican opposition attempted to repeal a Democratic rule requiring pension fund managers to consider environmental and social concerns when selecting investments.
According to the Associated Press-NORC Center for Public Affairs Research, 38% approve of Biden’s management, down from 45% in February and 41% in January.
The lowest rate, 36%, was recorded in July, when the increase in the cost of gasoline, food, and other goods hit US households.
However, other polls show much worse numbers for Biden and his administration, which, instead of focusing on solving the real problems facing the American people, has devoted itself to provoking a costly war in Ukraine, giving money to international organizations and governments, and promoting measures that destabilized the US economy, since it has recovered so well from the pandemic thanks to President Donald Trump’s policies.
The Biden administration’s spending has pushed the US public debt above 32 trillion dollars with priorities that are divorced from reality and the interests of the American people, such as the $810 million sent to the Pacific islands to increase tuna fishing and “supposedly” protect the environment.
Dissatisfaction Grows Among Most Americans
Monthly family shopping bags are getting smaller and more expensive for most Americans due to the worst inflation in half a century.
As an example, a two-liter bottle of Coca-Cola that cost $1.29 three years ago now costs almost $4 in many supermarkets. This doesn’t even include the prices of meats, sausages, grains, bread, etc., which rose by more than 70% between 2021 and 2022.
Two years ago, the left and the extreme left approved unilateral laws in the Washington Congress without even looking at the Republican vote, and the only thing that has stopped the economic and financial disaster of the country is the control of the Republicans in the House of Representatives.
The Democrats pushed through party-line legislation using congressional cushions and the COVID-19 pretext.
Now, the White House’s and the Republicans’ confrontation over the massive debt promises wear and tear that is highly unadvisable for the country, but also necessary to contain the current government’s ill-advised measures.
