Joe Biden’s State of the Union speech hit back at one bad poll number

Nearly 4 in 10 Americans say they are in a worse financial situation now than when Biden took office two years ago, according to ABC News/Washington Post the poll was released on Sunday. Only 16% said it was better.

It was the worst showing since pollsters first asked the question in 1986, when Ronald Regan was still president.

The findings, which come amid high inflation that is eroding Americans’ purchasing power, paint a bleak picture for Biden as he reaches the midpoint of his four-year term. It has also promised to make a big dent in its bid for re-election in 2024, which could be announced in the next few weeks.

In an effort to shore up support and reverse negative poll numbers, Biden used the State of the Union address to detail how he wants to help Americans who are suffering economic hardship caused by inflation that reached a 40-year high of 9.1% in June. . He talked about a “blue-collar blueprint” to rebuild America that included adding jobs—many blue-collar—above the 12 million already created during his presidency.

Biden also talked about helping the poor and raising taxes on the rich. And he talked about the benefits of a $1 trillion infrastructure bill and a planned investment of nearly $300 billion to build the domestic semiconductor industry.

But Biden left some economic issues unmentioned. For example, they don’t discuss home prices, which are falling due to higher mortgage rates. They also don’t carry the risk of a recession, which has caused American companies to cut costs for fear of a worsening economy.

The negative public sentiment found in recent polls stands in stark contrast to what has been found throughout the Trump administration. At the same time in the presidency, fewer people – only 13% – say it is worse financially, while more – 25% – say it is better, according to ABC News /Washington Post poll.