Negative Sentiment Around "Bidenomics" Undermining Democrat Agenda
Analysis of YouGov data by progressive outlet Liberal Patriot has shown that negative perceptions of "Bidenomics" appears to obscure a more general approval of the legislation which makes up Biden's agenda. The survey and analysis reveals the extent to which the White House messaging problem on the economy has become a key weakness in Biden's 2024 campaign.
- The YouGov data shows that, on a range of metrics, voters react more negatively to the term "Bidenomics" than to the three individual pieces of legislation that are broadly understood to makeup "Bidenomics."
- LP: "...voters by a 43 percent to 30 percent margin say that the [Inflation Reduction Act] will help their family financially. Conversely, by a 33 percent to 36 percent margin, voters say that Bidenomics will hurt their family financially. Roughly half of all voters say that both the CHIPS and infrastructure bills make no difference to their family finances."
- The report demonstrates that the White House push to reclaim a previously negative term "Bidenomics" has failed to convince voters of the merits of Biden's agenda. In fact, the persistent use of the term "Bidenomics" has likely led voters to associate Biden's agenda with high inflation and energy prices rather than the relatively strong underlying economic data which the White House has attempted to push to voters.
Figure 1: Biden Bills Impact on Family Finances
Source: Liberal Patriot