Voters sour on Biden economy, despite admin touting 'Bidenomics'

Despite the White House and the Biden administration heavily touting "Bidenomics," the American people remain sour on the economy and the government's cheerleading appears to have fallen on deaf ears.

A slim majority, 51% of Americans, say the economy is getting worse, according to a CNN poll. Moreover, President Joe Biden's approval rating on the economy stood at 37% and just 30% for inflation specifically.

Independents alone were notably negative on Biden's handling of his inflation, with 26% supporting him on the issue. 41% of Americans approved of Biden's overall performance.

Inflation in June stood at 3%, down considerably from its June 2022 high of 9.1%, though it remains roughly double the 1.4% it was in January 2021, when Biden took office.

The state of the country as a whole also drew poor marks from respondents, with 71% saying things are going poorly compared to 29% who said things are going well.

Conducted between July 1-31, the survey questioned 1,279 adults and has a +/- 3.7% margin of error.

The survey was conducted prior to ratings agency Fitch's Tuesday downgrade of the nation's credit rating from AAA to AA+, citing declining fiscal stability in the country.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," Fitch stated.

Ben Whedon is an editor and reporter for Just the News. Follow him on Twitter.