A new poll shows 7 out of 10 Americans think President Joe Biden is handling the surge of inflation poorly across the country.
Nearly 8% was the growth of the rate of inflation last year, with prices for everything from gasoline to bread, milk, and eggs rapidly growing.
According to the Labor Department’s Bureau of Labor Statistics, the consumer price index increased 7.9% over the past 12 months, hitting a 40-year high.
CNBC reported that “the February acceleration was the fastest pace since January 1982, back when the U.S. economy confronted the twin threat of higher inflation and reduced economic growth,” said report.
ABC reported that a new poll from ABC News/Ipsos showed Americans blame Biden for just about everything. “On inflation, President Biden has a 70 percent disapproval rating, compared to 29 percent who approve. On gas prices, 70 percent also disapprove, while 28 percent approve.”
“Over the past several months, Americans’ wallets have been hit by skyrocketing inflation, and now, Biden is feeling that crunch in his approval numbers. Seventy percent of Americans disapprove of his handling of inflation. The White House faces similarly concerning numbers related to economic recovery, with 58% disapproving, a 12-month high, per the ABC News/Ipsos poll conducted using Ipsos’ KnowledgePanel. This presents a political problem for Biden, who must navigate an electorate growing more frustrated across several sectors, while attempting to manage an exploding war in Europe with firmness and authority,” ABC wrote.
But 77% of Americans do support the move by Biden to cut off oil from Russia, which supplies about 8% of our daily consumption.
But more bad news came from the ABC/Ipsos poll, as Biden’s approval/disapproval rating on immigration and the border stood at 39%-59%; his rating on the economic recovery was 41%-58%; and on climate change it was 44%-54%.
Biden was struggling even on Russia, with 48% approving of his actions and 51% disapproving.
According to the ABC/Ipsos poll “the public is divided on a hypothetical no-fly zone over Ukraine, a provocation toward Russia that White House officials signaled they are not considering at this time. Thirty-one percent support a no-fly zone, while 34% oppose it and another 34% do not know their stance on such an action.”
The handling of the pandemic was the only issue on which Biden wasn’t under, where he had 56% approval and 42% disapproval.