As Americans suffer one of the most expensive holiday seasons on record, a vast majority of them reject how Joe Biden is handling the biggest inflation spike in 40 years, alongside the growing supply-chain shortages.
Biden, who mysteriously received more votes than any candidate in American history, now possesses the lowest net economic approval rating for any president in their first term since Jimmy Carter, according to a recent CNN/SSRS poll.
The CNN poll gave Biden a 45 percent approval for his average economic performance during his first term, while 54 percent disapproved of him, a minus nine point deficit.
Biden’s average economic approval in December was a minus 13 point deficit, despite presidents over the past 44 years averaging a plus five point economic approval rating in their first terms.
Thus, Biden’s approval on the economy is 18 points worse than the average president, including Jimmy Carter, who sported an eight-point deficit in 1978.
CNN also reported less than only one-third of Americans indicated they are better off under Biden.
According to RealClearPolitics (RCP), the most popular candidate in history is even less favorable than what CNN reported. RCP gave Biden’s economic performance a 40 percent approval to 55 percent disapproval.
As Joe Biden’s first year in office comes to an end, his presidency has poetically mirrored the presidency of Jimmy Carter, who is often considered one of the worst presidents in history.
Under Biden, inflation was seven percent higher in November than it was last year. Regular gasoline prices have also jumped 47 percent since Biden took office in January.
Rather than combat inflation, Biden has pushed his $3 trillion “Build Back Better” plan to increase government spending. He claimed the legislation would “cost zero dollars” for taxpayers making less than $400,000 per year, insisting that businesses, wealthy individuals, and increased IRS audits will help pay for it.
Biden also tapped into the nation’s Strategic Petroleum Reserve, set aside for times of war or natural disaster, to help ease the gas prices that skyrocketed after he began dismantling the oil industry. However, tapping into the reserves only decreased average gas prices by less than ten cents across the country.
President Carter was also unable to control inflation, which increased each year at a rate nearly identical to that under Biden. He was unable to control the oil shortages in the country, and gas prices more than doubled by the end of his first term.
Shortly thereafter, Carter lost the 1980 presidential election in a 44-state landslide victory for California Gov. Ronald Reagan.
There is no guarantee that Biden, who will be 81 years old in 2024, will even survive the primaries if he runs. Only 60 percent of Democrats want him to run for re-election, according to a Morning Consult/Politico poll.
Even if Biden manages to survive a primary campaign, he could still lose reelection in a landslide, whether it be against President Donald Trump or Florida Gov. Ron DeSantis, his two most likely opponents.
Biden’s increasing unpopularity and out-of-touch persona with his handling of the economy, foreign policy, immigration, and Covid-19 will make the next elections interesting to watch.