A new study conducted in advance of this year’s midterm elections reveals that voters have a substantial amount of faith in Republicans to handle the economy, but they have little faith in Democrats.
52% of voters said they trust Republicans to manage the economy, compared to 38% for Democrats, according to a poll conducted by the Times and Siena College that measured the relative strength of both parties prior to the November 8 election. Only 1% of respondents said they agreed with the proposals of both parties to manage the economy. In a July edition of the same NYT/Siena survey, 20% of respondents declared the economy the “most important problem facing the country today,” while almost 76% said it would be “very important” to them when they cast their ballots.
Following the Supreme Court’s decision to overturn Roe v. Wade, Democrats have attempted to center their campaign narrative on social issues like as abortion and gun control.
However, it appears that efforts to bring social problems to the forefront of voters’ thoughts are failing. The NYT/Sienna survey found that people believe economic matters to be 18 points more significant than social ones when making their voting decisions.
The polls come at a time of poor economic news for the Biden administration before to the election in November. President Joe Biden held a series of rallies to emphasize the “Inflation Reduction Act,” a major spending plan presented by his administration to the Democratic-controlled Congress.
REUTERS: 🇺🇸 household wealth fell by a RECORD $6.1 trillion in Q2 2022
Nasdaq declined by 26.16%
S&P 500 declined by 18.15%
Bitcoin declined by 57.34%
30 Year Fixed Mortgage Rate:
Jan 2021: 2.65%
Sep 2022: 6.28%
Jan 2021: 1.4%
Sep 2022: 8.3% pic.twitter.com/NHC9IqkVNl
— InteractivePolls (@IAPolls2022) September 16, 2022
The Consumer Price Index, an aggregate measure of inflation, climbed by 0.1% from July to August, according to the Bureau of Labor and Statistics. However, this gain was moderated by decreases in fuel prices, even as food prices rose.
The announcement had a negative impact on financial markets throughout the week, with the Dow Jones Industrial Average plummeting 1,600 points beginning on Monday and concluding at 30,841.05 points for the week.
The Democrats, who now control Congress and the White House, received some favorable news. The percentage of people who feel the country is “on the right track” grew somewhat between July and September, from 27% to 50% for Democrats and from 9% to 27% for independents; yet, 53% disapproved of Biden’s performance in office.
The poll surveyed 1,399 registered voters nationwide from Sept. 6 to 14, 2022, its margin of sampling error was +/- 3.6 percentage points.
The White House and Democratic Congressional Campaign Committee had not responded to a request for comment from the Daily Caller News Foundation.