DAILY CALLER
ANALYSIS
Today Is A Nightmare For Biden And The Democrats
Nicole Silverio
Media Reporter
April 28, 2022 1:10 PM ET
The U.S. economy unexpectedly tanking in the first quarter of the year has created a nightmare scenario for President Joe Biden and the Democratic Party ahead of the midterms elections.
The gross domestic product (GDP) dropped at an annualized rate of 1.4% between January and March, the worst shrinkage since the country’s economic shutdown in the midst of the COVID-19 pandemic in 2020, CNN reported Thursday. Recent polling has found that Biden will have to change voters’ perceptions on the current state of the economy for Democrats to have any hope in November.
A Gallup poll released Wednesday found that 42% of Americans believe economic conditions are “poor,” while 32% said the economy is in fair shape. Over three quarters of Americans, 76%, said the economy is getting worse while less than one quarter, 20%, said it is improving.
Gallup’s Economic Confidence Index, which measures the public’s feelings about the economy on a scale of +100 being very high and -100 being very low, currently stands at -39. The poll surveyed 1,018 adults between April 1-19 with a 4% margin of error.
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