You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Home Front: Politix
Poll Shows Biden Losing Democrats on the Economy
2022-05-22
See also here.
[Breitbart] The latest polling from the far-left Associated Press (AP) shows Joe Biden losing support from Democrats due to his mishandling of the economy.

"A month ago, 47 percent of Democrats described the economy as good," the AP discovered. "In May, that slid to 35 percent."

There’s even worse news for Slow Joe:

The percentage of Democrats who say Biden’s policies have done more to help tumbled from 45 percent to 37 percent. A majority of Democrats say Biden’s policies have hurt or made no difference to the economy, with 18 percent saying they hurt and 44 percent saying they’ve made no difference.

Overall, as my colleague John Carney pointed out Friday, a breathtaking 78 percent of Americans now rate the American economy as "poor," up from 70 percent in April.

What must trouble the White House above all is that Democrats are rapidly losing faith in their own Democrat president. When that happens, when a sitting president loses support from his own party, the bottom falls out of his approval ratings. Until now, by appeasing the extremists that make up so much of his party, Biden had been able to prevent his job approval rating from dipping into the thirties. And that’s what a smart president does when he’s in trouble: whatever it takes to keep the base happy.

And usually, that works.

It’s not working for Biden because he’s caught in a Catch-22 on the economy.

To appease his base, Biden had to stop domestic oil production. But! His cancellation of domestic oil production has contributed to exploding gas prices, which is one of the big reasons the economy is so bad. What’s more, domestic oil production is the only sure-fire way to bring down energy prices, which would bring down inflation. But! Biden can’t do that. So he and we and the economy are screwed.

To appease his base, Biden had to spend trillions and trillions of federal dollars. But! This is what exploded inflation, which battered the economy, which is now hurting him with his base.

Biden’s problem is that the Democrat base rejects every proven method of creating economic prosperity. Lower taxes? Verboten. Less regulation? Verboten. More energy? Verboten. Fiscal responsibility in DC? Verboten. More housing? Verboten. Lock up violent criminals? Verboten.

If Biden had the moral courage and the mental acuity to lead, he could’ve been another Bill Clinton, a Democrat who understood a roaring economy forgives all, even lying under oath. Clinton earned 70 percent approval ratings with his roaring economy. The far-left base wasn’t thrilled with Slick Willy’s pro-prosperity policies and willingness to do business with the GOP, but no one listens when times are good.

Right now, Americans are facing one daily shock after another. Gas prices have exploded with record high after record high over the last three weeks. Our monthly 401K statements make us wince. What a hundred dollars bought you at the grocery store during the Trump Era now costs closer to $150.

Children — in America! — can’t get enough baby formula — in America! — and are ending up hospitalized — in America! — and operated on — in America!

No amount of happy talk about the unemployment rate, or this or that, can paper over the everyday trauma of everyday life in Joe Biden’s failed America.

And now, even Democrats are forced to admit it, which means the bottom is about to fall out of His Fraudulency’s presidency.
Posted by:Frank G

#15  A percentage of Dems are truly commies. They consider Biden to be slightly behind schedule in accomplishing their goals. His approval will plateau at those folks plus the stupid folks. Unfortunately, that plateau will be dishearteningly higher than we would want.
Posted by: Super Hose   2022-05-22 18:49  

#14  And with no plans to bring new US plants online, even though refiners are reaping record profits, the supply squeeze is only going to get worse.
In today's NIMBY era of lawfare why would any investor fund a project that will take ten years or more of lawsuits before generating revenue? I have read of some expansion at existing refineries but that is dwarfed by the refineries that have been shuttered over the last decades...
Posted by: magpie   2022-05-22 15:15  

#13   Sullivan tried to bully the Saudi leader but the Prince gave his insults right back... apparently he screamed at Little Jake and sent him packing.

It was a very revealing incident, I thought — we had the report here at the time.
Posted by: trailing wife   2022-05-22 14:53  

#12  When they cap retail prices look for out of stock signs.
Posted by: Dale   2022-05-22 13:47  

#11  no refining capacity left

Yes. From Bloomberg:
More than 1 million barrels a day of the country’s oil refining capacity — or about 5% overall — has shut since the beginning of the pandemic. Elsewhere in the world, capacity has shrunk by 2.13 million additional barrels a day, energy consultancy Turner, Mason & Co. estimates. And with no plans to bring new US plants online, even though refiners are reaping record profits, the supply squeeze is only going to get worse.
Posted by: Oil Derek   2022-05-22 12:45  

#10  declining economy will eventually put the lid on oil prices but this will be late June or July before that happens

Not even close. Summer is peak driving season so gas prices will go much higher. There's no refining capacity left.

For the recession to make a serious dent in gas prices and inflation there would have to be a major shift in world output.

That can only come now from the Saudis and the Russians -- but they're supporting each other and keeping prices sky high. Sullivan tried to bully the Saudi leader but the Prince gave his insults right back... apparently he screamed at Little Jake and sent him packing.

So no relief before next year at the earliest.
Posted by: Patrocles   2022-05-22 12:40  

#9  ^1 yes, "cultish nature of the Democrats" I have seen this many times. "Best president we have ever had and the best economy". Millions to Ukraine, we have it. Military equipment we will always have it. Big oil, big tech, the Washington cabal.
Posted by: Dale   2022-05-22 12:11  

#8  not a lot of layoffs yet but good possibility that total employment goes down in July
But that mostly hits the Middle Class and "Normal Folks" in the pocket book. Government employees and 'rent seekers' will still have their paychecks (even though the COLAs will be few and far between).
Posted by: magpie   2022-05-22 11:27  

#7  Two weekends ago here, they were not letting any more cars on the beach until some came off. I'll keep an eye out to see what the weekends are like between now and the 4th of July.
Posted by: M. Murcek   2022-05-22 11:09  

#6  ...except in the happy and glad government 'official' reports. It's called cooking the numbers.
Posted by: Procopius2k   2022-05-22 11:09  

#5  a declining economy will eventually put the lid on oil prices but this will be late June or July before that happens and probably there is at least another $0.40 cent/gal rise in our immediate future.

not a lot of layoffs yet but good possibility that total employment goes down in July
Posted by: Lord Garth   2022-05-22 10:59  

#4  Biden Announces First Ever International Food Relief Shipments from Switzerland to Help Feed Hungry Americans
Posted by: Patrocles   2022-05-22 10:56  

#3  *gung ho
Posted by: Billy Budd   2022-05-22 10:23  

#2  This is why Biden and tfe Swamp are so hung ho about escalating and intervening in the Russo-Ukraine spat. Reports today are that they've announced their intention to take the war to the Black Sea and try to sink Russia's Black Sea Fleet.

These madmen and their freaks need to be removed from power before they destroy us and launch WWIII
Posted by: Billy Budd   2022-05-22 10:22  

#1  The fact he has any left to lose at this point shows the cultish nature of the Democrats.
Posted by: Ruprecht   2022-05-22 10:15  

00:00