Joe Biden has been a disaster for the American economy.
But now, things have just gone from bad to worse.
And now, one shocking poll shows over 82% believe the Biden economy is about to collapse.
From inflation to record gas prices to a crashing stock market, Joe Biden has overseen one of the worst economic periods since the Great Recession of 2008.
But this time, there’s no housing bubble that he can lay the blame on for why the economy is stalling.
Instead, the American economy is being crushed not by home foreclosures but rather from record inflation, record gas prices, and a crashing stock market.
But rather than work to fix these problems, Biden is making almost every single one of them worse.
And now, one shock poll shows that over 80% of Americans have a negative view of the economy, bringing the figure to its highest level in decades.
Fox News reports, “A large majority of voters say the economy is in bad shape. Two-thirds are pessimistic about conditions. Gas and grocery prices are a major problem for most families. And a growing number of voters feel they are losing ground financially. That’s the grim backdrop for the upcoming midterm elections, according to the latest Fox News national survey.”
The results of this poll are nothing short of a bombshell and represent just how pessimistic Americans have become of the economy since Biden took office.
But unfortunately, there’s signs that things are about to only get much worse before they start to get any better.
“Forty-seven percent feel they are falling behind financially, up 20 points compared to last June. Some 42% are holding steady, while only 10% are getting ahead. Eight-two percent of voters rate the economy negatively, including 57% who describe it as poor — the highest in a decade,” adds Fox News.
Making matters worse, when asked about a more general feeling about the economy, 65% said in the Fox News poll that they feel pessimistic. That figure represents an 18-point increase since last year, and the number reported here is up 30 points from four years ago.
The crashing economy is just one of many problems Biden has stumbled into.
But it’s not just high inflation that has led to major shocks to the economy.
With record gas prices, supply chain disruptions, a housing bubble about to implode, and a crashing stock market which has seen crippling losses for the last 12 weeks, all signs point to a major recession on the horizon.
“Nine in 10 report the cost of food and gas are a problem for their family. That includes majorities who say current grocery (55%) and gas prices (67%) are a “major” problem. For voters in households earning less than $50,000 annually, nearly three-quarters call gas prices a major problem (72%). And by a 50-32% margin, more voters say President Biden’s policies are responsible for current gas prices than blame Russian President Putin’s war with Ukraine,” concludes Fox News.
Shockingly, the poll also showed that while a majority of Republicans cite inflation as their number one issue for the 2022 elections, barely 20% of Democrats chose the same option. Instead, a third of Democrats choose pushing for more gun control or abortion as their top issue.