President Joe Biden arrives on Air Force One at Joint Base Andrews, Maryland, on January 3, 2022.
In December, President Joe Biden's disapproval rating hit a new high as more voters expressed their unhappiness with his administration's supervision of the economy and the Covid-19 Pandemic.
According to a new CNBC/Change Research poll, fifty-six percent of voters disapprove of the job Biden is doing, the worst reading of his presidency as he approaches the end of his first year in office. Biden had a disapproval rating of over 50% in early September and over 50% in April.
The approval rating for Biden has fallen from October to April.
As Biden's administration looks to tackle a wide range of economic and political problems ahead of the upcoming midterm elections, which will decide the balance of power in Congress, there is a sign of trouble for him.
The White House is trying to quell fears about price acceleration and inflation, resurrect the president's climate-and- family legislation, and revive the country's public health response as the omicron variant drives a new spike in Covid cases.
The economy is the main cause of Biden's popularity falling as nearly every demographic said it was their top issue.
Men and women, every age cohort, Latino and white voters, and those with and without college educations all prioritized the economy. The economy takes second place according to the black respondents.
Sixty percent of the 1,895 people who responded to the survey disapproved of Biden's handling of the economy, a six point decline from September.
Voters are more likely to criticize the president on personal economic issues. His efforts to help their wallet were disapproved of by many people.
Voters are not likely to say that the issues Biden scored poorly on are going well.
Most people who said they plan to vote in the upcoming elections say the U.S. stock market is doing well.
When asked if they approve or disapprove of Biden's handling of the market, just 44% said they approve, compared to 56% who somewhat or strongly disapprove.
The percentage of people who think the U.S. stock market is doing worse than it was a year ago is higher than those who think it is doing better.
The market had one of its best years in decades, but the opinions gathered from December 17 to 20 run counter to that. All three major U.S. equity indexes posted double-digit gains in 2021, compared to their historical annual average.
The S&P 500 closed the year up 26.89% and posted a record close at least once a month. The broad market index has 70 record closes in 2021, the second-highest annual total behind 1995's 77 closing highs.
The best returns were posted by energy and real estate. The blue chip index climbed 18.73% and the techMARK rose 21.4%.
The Democrats can't seem to convince voters that things are better than they were a year ago, as shown by Biden's inability to garner credit for one of the stock market's best years in living memory.
The unemployment rate is down to 4.2% from 6.3%, average hourly earnings are up 4.8%, and 243 million people have received at least one dose of a Covid-19 vaccine.
The Democrats are under pressure to keep their majority in the House and Senate because of the failure to turn economic statistics into popular support.
Current polling shows that the Democrats could lose seats in Congress in the first term of the president's term.
Both parties may be growing more frustrated with inflation.
A majority of those surveyed said the prices they see for everyday goods are more expensive than a year ago, while only a small number of them report earning more income. Only 23% of people think that inflation is going to decline soon.
Biden is blamed for the price increases by 42% of respondents. Democrats say that the current inflation will calm down once the supply chain disruptions are over.
Voters discontent is starting to spread outside the economic arena.
Democrats gave the Biden administration a letter grade on how it has handled health-care costs and raised wages, but not on the economy.
Republicans gave the president a failing grade across the board minus the stock market, where they gave him a D.
A majority of survey respondents disapprove of the president's handling of the coronaviruses, a sign that Biden is struggling in an area where he excelled.
A survey conducted by CNBC in December showed that only 42% of people approve of his job. The April version of the survey showedPukiWikiPukiWikiPukiWikirsPukiWikirsPukiWikirsPukiWikirsPukiWikirsPukiWikirsPukiWikirsPukiWikirs
The president's approval ratings on Covid are likely to go down due to an increase in voters who think the White House hasn't gone far enough when it comes to vaccine mandates.
The White House has gone too far in its handling of the virus, according to 50% of respondents, while 26% think it has done a good job.
As the number of new coronavirus cases soar across the country, Biden's approval figures have dipped, testing the president's commitment to do a better job at managing the disease.
