As economy contracts, Democratic voters worry Biden ‘hasn’t really delivered’

The Commerce Department announced Thursday that the US economy shrank for the first time in nearly two years. Coupled with recent polls showing voters rating President Joe Biden’s performance with the economy as poor, the news could further damage the president, as well as the chances of Democrats running for office in the upcoming midterm elections. of period.

The nation’s gross domestic product (GDP) fell 0.4 percent in the first quarter, or 1.4 percent on an annualized basis, according to the Commerce Department. This contrasts sharply with the last quarter of 2021 when the economy posted 6.9 percent growth. The change is jarring at an already tense moment.

Biden still maintains the majority support of his voter base, but Democrats have resented him since he took office. Biden is seen by many as not delivering on enough of his campaign promises, and Sen. Elizabeth Warren has been warning of Democratic losses in the midterms if the party doesn’t get more done before November.

“There is so much we can do. And if we do it for the next 200 days, we’ll be in great shape…Tell people what we’ve done,” Warren told CNN’s Dana Bash. on the “State of the Union” on Sunday. “I think we’re going to be in real trouble if we don’t stand up and deliver, then I think the Democrats are going to lose.”

In another sign that Biden’s base support is peppered with concern, Politico reported more doubts Thursday during a Zoom call conducted by Democratic pollster Celinda Lake with a focus group of Democratic voters.

While participants in the virtual meeting viewed the president positively on a personal level, referring to him as “decent” and “unifying,” they had misgivings about his job, according to Politico. The outlet said impressions given of how Biden is doing in the White House included “unrealistic” and “he really hasn’t kept his promises.”

A report that the economy contracted during the first quarter of 2022 could hurt President Joe Biden’s approval ratings, as well as swings from Democrats seeking office in the upcoming midterm elections. In this photo, Biden is seen speaking at the White House in Washington, DC on April 27, 2022.
Photo by SAUL LOEB/AFP via Getty Images

In a Reuters/Ipsos poll released on Wednesday, Americans called the economy “the most important problem facing the United States today.” Meanwhile, a Quinnipiac University poll released earlier this week found that just 33 percent of Americans said they approved of how Biden is handling the economy. The Quinnipiac poll also found that 40 percent of voters said they approve of the overall job Biden is doing, while 51 percent disapprove.

The Commerce Department report showed slower growth in inventories, a larger trade deficit and lower exports hurt gross domestic product. An increase in imports also resulted in a subtraction from GDP, as Americans bought more foreign goods.

Barron’s wrote that the results could reflect that the US economy recovered more quickly from the pandemic than the economies of other countries, resulting in Americans buying more goods from other nations than countries buying from the US. USA

Biden issued a statement Thursday in which he addressed the gross domestic product news and defended the current handling of the economy.

“The American economy, fueled by working families, continues to be resilient in the face of historic challenges,” Biden said.

He added: “While last quarter’s growth estimate was affected by technical factors, the United States faces the challenges of COVID-19 around the world, Putin’s unprovoked invasion of Ukraine, and global inflation from a vantage point. of strength”.

Biden also called on Congress to work together on a bipartisan bill to address supply chain issues and reduce the deficit. He also urged lawmakers to cut prescription drug and utility bills without raising taxes on the middle class.

news week contacted the White House for comment.

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