Public perception of the economy is the lowest since 2008 as 69% claim it’s ‘getting worse’

Americans’ perception of the economy hit the lowest point since the 2008 crash in a new poll showing the Republican Party is more trusted to handle these kitchen table issues.

In an ABC News/Ipsos poll released Sunday, 69 percent of Americans claim that the country’s economy is ‘getting worse’, while just 12 percent say it is ‘getting better’ under President Joe Biden’s leadership.

In 2008, the same polling service found that 83 percent of respondents thought the economy was getting worse.

When it comes to niche economic issues like taxes, inflation and gas prices, Americans say that they trust Republicans to handle the topics more than Democrats – the current party in power.

More than one-third of respondents say they trust the GOP to handle the economy overall compared to the 25 percent who say they trust Democrats more to deal with the issue.

While job recovery numbers are at near pre-pandemic levels, the Gross Domestic Product growth was negative for the second consecutive quarter, according to figures released from the Commerce Department last month.

Two consecutive quarters of negative GDP growth is the traditional but unofficial definition of a recession.

On taxes, 31 percent of those surveyed said they trust Republicans more than Democrats, while only 25 percent of respondents felt the opposite.

When it comes to gas prices and inflation 33 percent of respondents say Republicans are more equipped to handle the issues, while 24 percent and 23 percent say respectively that Democrats would handle the issues better.

On almost all issue, with the except of immigration, COVID-19 and gun violence, the majority of respondents say they don’t trust either party when it comes to handling kitchen table topics.

Biden specifically has a 37 percent overall approval on his handling of the economy – the lowest point in the polling since he took office last year.

Biden specifically has a 37 percent overall approval on his handling of the economy – the lowest point in the polling since he took office last year.

His approval rating remains steady across several issues, with the president underwater when it comes to most topics besides his response to the coronavirus pandemic.

The only issues where Biden’s approval rating has changed is on gas prices, rising to 34 percent from 27 percent in June. Prices per gallon have dropped by a dollar on average from where they were earlier this summer when the poll was taken.

This pattern holds true among those who indicate they are very enthusiastic about voting in the midterms this November. However, among roughly a third of all Americans, and nearly half of self-ascribed independents, neither party is trusted to do a good job, indicating both Democrats and Republicans have work to do to make inroads with certain groups of the public before November