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Free AccessBiden Keeps Losing Support Ahead Of Midterms, State Of The Union Address
President Joe Biden's net approval rating has reached new lows, according to the latest ABC News/Washington Post poll, as voters' disappointment with his handling of economic challenges grows.
- "Economic discontent is slamming Joe Biden and his party’s midterm election prospects, with six in 10 Americans experiencing inflation hardships, three-quarters saying the economy’s in bad shape and a nearly 20-point lead for the Republican Party in trust to handle it."
- ABC highlighted that "analyzing data going back to Harry Truman's administration, only two presidents have had approval ratings this low heading into their first State of the Union address, which Biden delivers Tuesday."
- The erosion in support for President Biden is generating headwinds for the Democratic Party ahead of November midterm elections. "Republican congressional candidates have a 49-42% advantage over Democrats among registered voters, widening to 54-41% among those who say they both are registered and certain to vote in November."
Fig. 1: President Joe Biden's Job Approval Rating (%)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.