Joe Biden has come out fighting against perceptions that he is handling the US economy badly. During an address in Maryland, the president contrasted Bidenomics with Trumpian “MAGAnomics” that would involve tax-cutting and spending reductions. He decried trickle-down policies that had, “shipped jobs overseas, hollowed out communities and produced soaring deficits”.
Changing voters’ minds about the economy is one of Biden’s biggest challenges ahead of the 2024 election. Recent polling data suggested 63% of Americans are negative on the US economy, while 45% said their financial situation had deteriorated in the last two years.
Voters are also downbeat about Biden. In a recent CNN poll, almost 75% of respondents were “seriously” concerned about his mental and physical competence. Even 60% of Democratic and Democratic-leaning respondents were “seriously” concerned he would lose in 2024.
