PNN – A New Financial Times survey shows that despite Joe Biden’s government’s claims about its good economic performance, most American voters do not trust his government’s economic policy.
According to the report of Pakistan News Network, this English newspaper added: The increase in the prices of essential goods such as food and housing has worried American voters.
The latest results of the Financial Times survey conducted jointly with the Ross Institute of the University of Michigan confirm this: This is the concern of American voters while Biden is trying to convince them that their economic situation is better than when he took office as president.
The survey, which was conducted between February 29 and March 4, showed that a large number of respondents still do not approve of Biden’s economic performance. These results were obtained while the President of the United States claimed last week that “his economic performance is the envy of the world”.
The Financial Times wrote: Biden can point to official statistics that show that the American economy grew faster than all of its main competitors last year. But the increase in living expenses since he took office in January 2021 made respondents to this survey say that they have more confidence in former President Donald Trump and Biden’s election rival from the Republican Party in the upcoming elections in the management of the American economy.
However, the poll’s results also raise the possibility that Biden’s attacks on corporations over price hikes, as well as his efforts to tackle high housing costs, could help turn the tide before the November election.
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The Financial Times added: Polls in March showed that the continuous increase in bread and rice prices during the first term of Biden’s presidency has caused the most concern for the American people and the greatest risk of harming this politician at the polls.
Despite the easing of price pressures in recent months, respondents still say inflation is the most important economic concern in their decision to participate in elections.
According to the report, a large majority of voters (67 percent) put inflation on their priority list, unchanged from January.
The good news for the White House is that voters are increasingly holding businesses responsible for high prices, according to the Financial Times.
63% of voters in the March survey said that big companies use inflation to charge their customers more. This figure was 54% in November. But the proportion that blames the policies of the Democrats has remained constant at 38%.
Biden’s tone in the recent speech shows that the Biden team is well aware that voters are increasingly concerned about huge corporate profits in the post-pandemic era.
The Financial Times further pointed to the problem of rising housing prices in the United States and wrote: Rising global borrowing costs have driven down house prices from New Zealand to Sweden, but not in America, where prices have risen 30 percent since Biden took office. Fares have also increased.
A March survey by Financial Times and “Ross” Institute showed that housing costs are the second economic concern of American voters after inflation, and 30% of them named the increase in housing prices as one of their biggest concerns.
One-third of voters named housing deposit costs as the biggest factor of financial pressure and placed it in the fifth place of their challenges after food, household appliances, gas, water and electricity.
Regarding US aid to Ukraine, 55% of respondents said that the conflict has cost the US a lot. In the March survey, 46 percent approved this view. 35% of Trump supporters had this opinion.
The results showed that the number of respondents who think that the Israeli regime receives too much aid from the United States increased to 43 percent. In the previous three months, 40% of voters supporting Trump expressed such a view.